Money

By Jeanne Sahadi, CNN (CNN) — On the face of it, the so-called “Trump accounts” — which would provide parents of newborns with $1,000 to invest on behalf of their child’s future — would be a plus for many families. “It’s a pro-family initiative that will help millions of Americans harness the strength of our

By Chris Isidore, CNN (CNN) — Call it a “chip shortage on steroids.” That’s how one expert told CNN the auto industry is describing a possible shortage of rare-earth elements — minerals that are now center stage in the global trade war. Running low on those minerals could recall the pandemic-era chip shortage that jacked

By Hadas Gold, CNN (CNN) — Last week, Elon Musk was calling for President Donald Trump’s impeachment. This week, Musk is back to praising the administration, softening his tone after the two powerful leaders’ very public breakup. The whiplash came as protests erupted in Los Angeles over actions by Immigration and Customs Enforcement officers and

By Jordan Valinsky and Matt Egan, CNN New York (CNN) — United Natural Foods, Inc., one America’s largest publicly traded health food wholesalers and the primary food distributor for Whole Foods, has taken some of its systems offline after a massive cyberattack. “We have identified unauthorized activity in our systems and have proactively taken some

By Alicia Wallace, CNN (CNN) — Americans felt a whole lot better about prices and the job market in May, a month that featured a détente in the trade war between the US and China. Consumers’ year-ahead expectations for inflation tumbled in May by 0.4 percentage points to 3.2%, according to the Federal Reserve Bank

By Brian Stelter, CNN (CNN) — As federal agents prepared to fan out in Los Angeles for a controversial immigration crackdown, the officers were greeted by a familiar face: Dr. Phil McGraw. The television personality and his camera crew were on hand before and after the raids that took place on Friday and triggered several

By John Towfighi and Phil Mattingly, CNN New York (CNN) — US stocks mostly rose Monday and the S&P 500 approached an all-time high as the first day of trade talks between the US and China concluded in London. The Dow ended the day close to flat. The broader S&P 500 rose 0.09% and the

By Jordan Valinsky, CNN New York (CNN) — Chipotle is tapping into America’s seemingly never-ending obsession with ranch dressing. Beginning June 17, the chain is adding Adobo Ranch to its menu for a limited time. The dip, a variation on classic ranch, is seasoned with adobo pepper, sour cream and other herbs and spices that

By Brian Stelter, CNN (CNN) — Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other television networks. The first company, known for now as “Streaming & Studios,” will be led by CEO David

By Clare Duffy, CNN New York (CNN) — Apple just showed how it plans to incorporate artificial intelligence across all its major products, from translating phone calls to giving the Mac a smarter search bar and more. The updates aren’t as splashy as announcements from the past two years, which heralded big changes with the

By John Liu and Phil Mattingly, CNN Hong Kong/Washington (CNN) — Trade negotiations between the United States and China will continue on Tuesday in London, with both sides trying to preserve a fragile truce brokered last month. President Donald Trump has authorized his trade negotiating team, led by Treasury Secretary Scott Bessent, to ease up

By Auzinea Bacon, CNN (CNN) — National Economic Council Director Kevin Hassett said Sunday that he is “very comfortable” with a trade deal closing between the United States and China after the two sides meet Monday in London. Hassett’s comments on CBS’ “Face the Nation” come after President Donald Trump said last week that he

By Brian Stelter, CNN (CNN) — Veteran ABC News correspondent Terry Moran was suspended Sunday after he posted a highly critical assessment of President Donald Trump and Trump’s deputy chief of staff Stephen Miller on the social media platform X. In the missive, which was posted shortly after midnight, Moran said both Trump and Miller

By Auzinea Bacon, CNN (CNN) — Demonstrations against tech billionaire Elon Musk are continuing, even after the Tesla CEO stepped away from his role leading the Department of Government Efficiency and engaged in an all-out feud this week with Donald Trump over the president’s massive tax and domestic policy bill known as the “big, beautiful

By Jeanne Sahadi, CNN (CNN) — Much has changed in the crypto landscape over the past year and a half. And with it, so may more investors’ minds about cryptocurrencies — especially bitcoin, the (very young) granddaddy of them all. Crucially, crypto has gained greater acceptance among regulators and large institutional investors as an asset