Money

By Jeanne Sahadi, CNN (CNN) — President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is the new temporary income tax deduction for interest paid on loans financing the purchase of qualified passenger vehicles. The

By Hadas Gold, CNN (CNN) — Grok, the AI-powered chatbot created by Elon Musk’s xAI, has begun pushing antisemitic tropes in its responses to some users’ queries, weeks after Musk said he would rebuild the chatbot because he was unsatisfied with some of its replies that he viewed as too politically correct. On Tuesday, Grok

By Clare Duffy, CNN New York (CNN) — A group of leading tech companies is teaming up with two teachers’ unions to train 400,000 kindergarten through 12th grade teachers in artificial intelligence over the next five years. The National Academy of AI Instruction, announced on Tuesday, is a $23 million initiative backed by Microsoft, OpenAI,

By Samantha Delouya, CNN (CNN) — Mortgage lenders will soon have a new way to assess borrowers applying for government-backed loans. That sent the stock of America’s biggest credit score company plunging Tuesday. Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair Isaac Corporation, the

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump said Tuesday he’s imposing a new 50% tariff on all copper imported into the US. However, it’s unclear when the new tariff would take effect. “Today we’re doing copper,” he said at a Cabinet meeting, adding that he believed the rate will be 50%. This would

By Anna Cooban and Audry Jeong, CNN London (CNN) — Dozens of America’s trading partners are bracing themselves for August 1, the new deadline for punishing tariffs on goods they export to the United States. For months, countries have tried to negotiate trade deals with the US to avoid the so-called “reciprocal” tariffs President Donald

By Chris Isidore, CNN (CNN) — Tesla’s troubles go far beyond CEO Elon Musk’s recent dust-up with President Donald Trump, who accused the former “first buddy” of going “completely ‘off the rails’” in a social media slap fight over the weekend. But while the battles between Musk and Trump are getting all the attention, the

By Alicia Wallace, CNN (CNN) — President Donald Trump’s megabill is now a megalaw with wide-reaching implications for many Americans. Trump has touted that his tax and spending law will boost the economy and put more money in people’s pockets, especially for hourly workers. However, as is the case with most federal laws — especially

By John Towfighi, CNN New York (CNN) — US stocks fell Monday as President Donald Trump announced a flurry of tariffs on countries including Japan, South Korea and South Africa. The Dow closed lower by 422 points, or 0.94%. The S&P 500 fell 0.79% and the tech-heavy Nasdaq Composite fell 0.92%. The three major indexes

By Anna Cooban, CNN London (CNN) — Shares in Tesla plunged 6.79% Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from President Donald Trump. Shares in Tesla (TSLA) had dropped as much as 7.6% in premarket trading. The stock pared some of its earlier

By Vanessa Yurkevich, CNN (CNN) — Companies are increasingly turning to a Depression-era policy to avoid President Donald Trump’s tariffs, importing goods into designated US zones where they don’t have to pay tariffs until they want to. There are 374 foreign trade zones, or FTZs, across the United States, originally designed to help keep companies

By John Liu and Marc Stewart, CNN Hong Kong (CNN) — China’s government on Monday sidestepped a question on US President Donald Trump’s recent claim that he “pretty much” has a deal with Beijing to bring TikTok into American ownership and that talks with China over the popular short-video app could begin early this week.

By David Goldman, CNN (CNN) — President Donald Trump and his administration are racing to get trade deals done ahead of a self-imposed deadline, at which point tariffs are set to rise for dozens of countries across the world. News about the on-again, off-again tariffs has become such a daily fixture of the second Trump

By Auzinea Bacon, CNN (CNN) — Dinosaurs are alive and well at the box office as Universal’s “Jurassic World Rebirth” trampled competitors, grossing $147 million domestically over five days of the Fourth of July weekend. The fourth installment of the “Jurassic World” series outperformed early estimates of nearly $80 million for the three days and

CNN By Auzinea Bacon, John Liu and Simone McCarthy, CNN (CNN) — President Donald Trump has threatened new tariffs on any nation supporting “anti-American” policies of the BRICS group of emerging economies, as he announced tariff letters would be sent out to scores of countries from Monday, ahead of a key deadline. In a Truth