Money

By Elisabeth Buchwald, CNN New York (CNN) — American buyers beware: President Donald Trump’s desire to get even on countries by matching tariffs they have on American goods could come at a steep cost. In Trump’s view, it’s unfair for other countries to charge American imports higher tariffs than what America, in turn, charges those

By John Liu and Hassan Tayir, CNN Hong Kong (CNN) — Chinese electric vehicle maker BYD has added an advanced driver-assistance system for most of its models at no additional cost, catapulting its shares to a record high. Chinese customers can now experience the carmaker’s proprietary “God’s Eye” driver-assistance system in models that cost as

By John Liu, CNN Hong Kong (CNN) — DeepSeek’s advances have roiled global stock markets and AI players. Now, its influence is spreading quickly at home, with some of China’s biggest tech companies, many of which had been developing their own chatbots, racing to incorporate the open-source model into their own services. In early February

By David Goldman, CNN (CNN) — In a high-stakes bid that could reshape the future of artificial intelligence, Elon Musk is leading a group of investors who have offered to buy OpenAI, the parent company of ChatGPT, for $97.4 billion. Musk has long feuded with OpenAI CEO Sam Altman and has filed a number of

By Elisabeth Buchwald, CNN New York (CNN) — Still waiting for that Valentine’s Day gift you ordered weeks ago? President Donald Trump’s trade war could be to blame. On February 4, Trump levied a new 10% tariff on all goods coming to the US from China. Initially, the tariffs were also applied to packages imported

By Annette Choi, CNN (CNN) — President Donald Trump said on Sunday that he had instructed the Secretary of the US Treasury to stop making new pennies, writing that they “literally cost us more than 2 cents.” He’s right — in fact, each US penny costs 3.7 cents to produce and distribute as of 2024.

By Jordan Valinsky and Hadas Gold, CNN New York (CNN) — Kanye West is currently selling T-shirts with swastikas on his website, capping off a wild, hate-filled week for the rapper highlighted by posts on his X account. The website received fresh promotion Sunday when West, who changed his name to Ye, bought a local

By Chris Isidore, CNN New York (CNN) — President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one cent to produce. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!”

By Jordan Valinsky, CNN New York (CNN) — Visits to McDonald’s plunged because of an E. coli outbreak last fall — and so did its profits. Fourth-quarter sales at McDonald’s locations open for at least one year fell 1.4% in the United States, a reversal compared to the same time period a year prior when

By Vanessa Yurkevich, CNN New York (CNN) — The soaring price of eggs has alarmed consumers and the agriculture industry, and practically everyone in Washington is pointing fingers in various directions to direct blame. It’s hard to lay America’s egg crisis at the feet of any one politician. But agricultural experts say politicians in Washington

By Jordan Valinsky, CNN (CNN) — Starbucks is offering a rare perk on Monday: free coffee. Under CEO Brian Niccol, the coffee chain has drastically reduced its deals and giveaways in an attempt to boost its bottom line. But it’s offering one more freebie the day after the Super Bowl, when the nation might be

By Lisa Respers France, Elizabeth Wagmeister, Luciana Lopez and David Goldman, CNN (CNN) — The Philadelphia Eagles steamrolled the Kansas City Chiefs for a decisive victory in Sunday’s Super Bowl, but the battle for audience attention through ads was in many ways an even tougher fight. With around 50 brands buying time during the broadcast,

By Betsy Klein, CNN (CNN) — President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!

CNN Analysis by David Goldman, CNN (CNN) — If you’re confused by President Donald Trump’s tariff plan, you’re not alone. Trump and his economic team have made many contradictory statements about the rationale for tariffs, leaving American multinational businesses unsure how to plan, and foreign countries unclear on how to negotiate. Trump launched massive and