Money

By Clare Duffy and Hadas Gold, CNN New York (CNN) — As Elon Musk and his Department of Government Efficiency associates barrel through the federal government, former Twitter (now X) employees have seen this all before. Musk appears to be bringing his Twitter takeover playbook to the public sector, and, as they did at the

By Jordan Valinsky, CNN New York (CNN) — People don’t buy “domestic” cars or salute the “domestic” flag, so they shouldn’t drink “domestic” beer. At least, that’s what Anheuser-Busch’s CEO thinks. Brendan Whitworth, the beermaker’s chief executive, says he wants to change the term that describes his US-made beers, which includes Budweiser, Michelob Ultra and

By Liam Reilly, CNN (CNN) — As President Trump and Elon Musk remake the federal government through firings, orders and brute force, small news publishers that specialize in the federal workforce are landing big scoops and seeing equally big traffic gains. The Federal News Network — which markets itself as a nonpartisan destination for federal

By Nathaniel Meyersohn, CNN New York (CNN) — Calvin Klein and Tommy Hilfiger are caught in the middle of a budding US-China trade war. China’s Ministry of Finance placed PVH, the parent company of the two American clothing brands, on its “unreliable entities list,” essentially a blacklist of companies. It was part of a broad

By Ramishah Maruf, CNN New York (CNN) — Americans love Shein, Temu and AliExpress for two reasons: low prices and fast shipping. Trump’s tariffs could change that. His tariff orders reversed a long-standing shipping loophole: the de minimis exemption. The rule allowed international exporters to ship packages worth less than $800 inspection- and duty-free into

By Eric Cheung and Ramishah Maruf, CNN Hong Kong (CNN) — The US Postal Service on Wednesday morning announced it will continue accepting incoming international parcels from China and Hong Kong — after saying late Tuesday night that it would suspend them. Although no reason was given for the initial suspension of package deliveries from

By Bryan Mena, CNN Washington (CNN) — Tensions among the United States and its three biggest trading partners are injecting uncertainty into the US economy, putting American business owners in an uncomfortable wait-and-see posture. We’d like to hear from you. Mexico and Canada on Monday reached a deal with President Donald Trump to pause the

By Chris Isidore, CNN New York (CNN) — The US air traffic control system has been stretched nearly to its breaking point by a decades-long staffing shortage. It’s causing problems not just for the air traffic controllers that remain but the flying public at large. And it won’t get better any time soon. The Federal

By Elisabeth Buchwald, CNN (CNN) — Need a new computer, television or phone? You might want to consider getting one now. That’s because President Donald Trump enacted a new 10% across-the-board tariff on Chinese goods Tuesday morning. Economists warn that tariffs hurt American businesses and consumers, many of whom are still reeling from the sharp

By Jordan Valinsky, CNN New York (CNN) — The soaring price of eggs has forced Waffle House to add a temporary surcharge on customers’ orders. The Georgia-based chain is adding a 50-cent charge per egg because of the “nationwide rise in cost of eggs,” according to signs posted at its restaurants. An aggressive strain of

By Matt Egan, CNN New York (CNN) — Lower-income Americans are likely to feel the brunt of the unprecedented tariffs President Donald Trump has set in motion. The cost to lower-income families is magnified because economists say essentials like food, energy and auto parts are most exposed to the import tariffs Trump has threatened to

By Elisabeth Buchwald, CNN New York (CNN) — Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three largest trading partners — Mexico, China and Canada — on Tuesday. These tariffs risk making a wide

CNN By Simone McCarthy, CNN Hong Kong (CNN) — Beijing announced a broad package of economic measures targeting the United States on Tuesday, hitting back after US President Donald Trump imposed 10% tariffs on Chinese imports. The fresh duties, announced by China’s Ministry of Finance, levy a 15% tax on certain types of coal and

By Samantha Delouya, CNN (CNN) — State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation after destructive Los Angeles wildfires last month. In a letter to California’s Commissioner of Insurance, Ricardo Lara, State Farm said it

By Clare Duffy, CNN New York (CNN) — President Donald Trump said Monday that TikTok could be acquired by a newly proposed US sovereign wealth fund. The statement was light on details, but Trump said that TikTok could be “put in” the possible sovereign wealth fund, to preserve access to the popular short-form video app