Money

By Samantha Delouya, CNN (CNN) — Federal layoffs may soon come for America’s largest mortgage insurer, a powerful engine of the country’s housing market. On Tuesday, Bloomberg reported that President Donald Trump’s administration plans to lay off at least 40% of the workers at the Federal Housing Administration (FHA). However, a government spokesperson denied plans

By John Liu and Elisabeth Buchwald, CNN (CNN) — President Donald Trump said on Tuesday that he plans to impose tariffs of around 25% on auto imports as well as semiconductors and pharmaceuticals shipped to the United States as early as April 2. Trump recently enacted a 10% across-board-tariff on goods coming from China and

By Chris Isidore, CNN New York (CNN) — Regional jets are despised by many passengers. They’re uncomfortable and cramped, with little space for both carry-on luggage and people. Although their use is on the decline, for many routes, there’s little choice but to fly them. The smaller jets have been getting attention due to two

By Clare Duffy, CNN New York (CNN) — xAI on Monday unveiled its updated Grok 3 artificial intelligence model, as the Elon Musk-led startup pushes to keep pace with the advanced reasoning and search capabilities in competitors’ models. In an event livestreamed on Musk’s X, leaders at the startup claimed Grok 3 performs better across

By Jordan Valinsky, CNN New York (CNN) — Nike is in a slump. Sales are down, its stock has lost more than a quarter of its value over the past year and its new CEO needs some help turning around the aging athletic company. Enter Kim Kardashian. Nike is partnering with Kardashian for a new

By Jeanne Sahadi, CNN (CNN) — The Department of Government Efficiency (DOGE) — the special entity created by President Donald Trump and run by Elon Musk to bring about greater “governmental efficiency and productivity” — has been pressing for authorized access to IRS data systems right in the middle of tax-filing season. The IRS, of

By Matthew Kaufman, CNN (CNN) — The White House has ordered thousands of government web pages to be taken down over the past month, leaving virtually no trace of some federal agencies’ policies regarding critical topics such as sexual orientation, January 6 cases and discrimination. Since President Donald Trump’s second inauguration, the government’s mass removal

By Ramishah Maruf, CNN New York (CNN) — Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — the first mass layoffs in the company’s history. The cuts will start in April and include senior leadership, the company announced. Eleven senior leadership positions, which include vice presidents and above,

By Samantha Delouya, CNN (CNN) — Last summer, rule changes from the National Association of Realtors, the powerful real estate trade organization, threatened to upend the way Americans buy and sell homes. Some experts predicted the 6% commission, the unofficial fee for buying or selling a home, would be finished. Now, six months later, as

By Ramishah Maruf, CNN New York (CNN) — Many Americans enjoy a day off on the third Monday of February every year. That’s because it’s Presidents Day, officially named Washington’s Birthday in honor of America’s first president, George Washington (his actual birthday is February 22). The federal holiday has broadened to commemorate President Abraham Lincoln,

By John Liu, CNN Hong Kong (CNN) — Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a meeting that signals officials could be steering the country in a more business-friendly direction after a yearslong regulatory crackdown. Besides Ma, the other tycoons in attendance

By Auzinea Bacon, CNN (CNN) — “Captain America: Brave New World” was No. 1 at the weekend box office and is projected to finish as one of the highest-grossing Presidents’ Day weekend openers. According to Comscore estimates, the fourth “Captain America” film grossed about $88.5 million in domestic sales Friday through Sunday. It’s expected to

By Jordan Valinsky, CNN New York (CNN) — Stroll down the dairy aisle of your local grocer, and you’ll likely find a growing array of coffee creamers with so many flavors that it practically rivals sweets and sodas. Once, hazelnut and French vanilla were the only creamer options. Those quaint days are long gone, with

By Ramishah Maruf, CNN New York (CNN) — When James Quincey became CEO of Coca-Cola in 2017, soda had broadly been in decline over its health effects. The beverage giant was embarking on an effort to diversify its reach beyond the sugary drink. A key move? Ditching the carbonation and sticking to the basics: cow

By Ramishah Maruf and Auzinea Bacon, CNN (CNN) — Amazon workers at a warehouse near Raleigh, North Carolina, overwhelmingly rejected the chance to form a union in another setback for the labor movement’s efforts to organize against the online retailing giant. The vote results announced on Saturday by the Carolina Amazonians United for Solidarity and

By Chris Isidore, CNN New York (CNN) — The National Labor Relations Board, the independent agency that is supposed to enforce labor laws for most American workers, has been essentially shut down after President Donald Trump fired one of its board members, leaving it without the quorum it needs to function. The NLRB oversees elections