Money

By Mike Valerio, Yoonjung Seo, Gawon Bae and Juliana Liu, CNN Seoul, South Korea (CNN) — The chief executive of Korean Air, one of the world’s top airlines, has a stark warning about the impact of US President Donald Trump’s trade war on some of the carrier’s most popular routes. “We’re already seeing the downturn

CNN By Mike Valerio, Yoonjung Seo, Gawon Bae and Juliana Liu, CNN Seoul, South Korea (CNN) — The chief executive of Korean Air, one of the world’s top airlines, has a stark warning about the impact of US President Donald Trump’s trade war on some of the carrier’s most popular routes. “We’re already seeing the

By David Goldman and John Liu, CNN (CNN) — Tesla’s chair Robyn Denholm has rejected a Wall Street Journal report that the company’s board has begun a search process for a new CEO to replace Elon Musk. The Journal reported Wednesday that Tesla’s board contacted executive placement firms in March to look for Musk’s replacement,

By Ramishah Maruf, CNN New York (CNN) — Rena Scott, a retired registered nurse in Virginia, usually has 10 to 12 active Temu orders at any given time. The 64-year-old has bought almost anything you can think of from the Chinese website. She has four shirts in her cart right now and regularly buys crafting

By Hadas Gold, CNN (CNN) — President Donald Trump threatened legal action against The New York Times, calling the newspaper’s citation of legal experts’ opinion of his lawsuit against CBS “likely unlawful.” The Times reported Tuesday evening that legal representatives for Trump and Paramount are set to begin mediation on Wednesday over Trump’s $10 billion

By Alicia Wallace, CNN (CNN) — A car-buying frenzy, stoked by tariff fears, drove US consumer spending in March to its biggest monthly gain in more than two years, new data showed Wednesday. Consumer spending leapt 0.7% from February, according to a Commerce Department report released Wednesday that showed Americans shelled out last month for

By John Towfighi, CNN New York (CNN) — April was one of the wildest months in recent memory for markets, capped off by a key data release that showed the economy shrank last quarter for the first time in years. After tumbling Wednesday morning, the S&P 500 and the Dow gradually clawed back losses and

CNN By Chris Isidore, CNN (CNN) — Ford CEO Jim Farley announced Wednesday on CNN that the automaker is extending its “employee pricing” offer to car buyers for another month, through July 4, to encourage sales to consumers nervous about rising prices because of new tariffs on imported cars and auto parts. Farley spoke with

By Chris Isidore, CNN (CNN) — Ford CEO Jim Farley announced Wednesday on CNN that the automaker is extending its “employee pricing” offer to car buyers for another month, through July 4, to encourage sales to consumers nervous about rising prices because of new tariffs on imported cars and auto parts. Farley spoke with CNN’s

By Bryan Mena, CNN Washington (CNN) — The US economy just had its worst quarter since 2022 as President Donald Trump’s significant policy changes unnerved consumers and businesses. Gross domestic product, which measures all the goods and services produced in the economy, registered at an annualized rate of -0.3% in the first quarter, the Commerce

By Elisabeth Buchwald and Chris Isidore, CNN New York (CNN) — President Donald Trump signed an executive order and a proclamation on Tuesday to​ ease auto tariffs, the latest abrupt shift in a rapidly changing tariff policy that has left businesses scrambling to keep up. The 25% tariff on imported cars will continue, and a

By David Goldman, CNN (CNN) — In a sharp rebuke of President Donald Trump’s trade war, China’s Foreign Ministry posted to social media a striking video that calls on the international community to stand up to America’s “bully” leader. “Bowing to a bully is like drinking poison to quench thirst – it only deepens the

By Chris Isidore, CNN (CNN) — UPS will cut 20,000 jobs this year, about 4% of its global workforce, the company said Tuesday. But UPS added the decision is unrelated to tariffs and is instead due to increased use of technology and a previously announced plan to trim its Amazon business. UPS in January announced

CNN By Alayna Treene, Betsy Klein and Jordan Valinsky, CNN New York (CNN) — The White House took aggressive aim at Amazon, with President Donald Trump putting in a call to Amazon founder Jeff Bezos Tuesday morning, after the company considered displaying the added cost of tariffs on certain items. Trump called Bezos to complain