Money

By Elisabeth Buchwald, Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — President Donald Trump on Wednesday announced 25% tariffs on all cars shipped to the United States, a significant escalation in a global trade war. The tariffs, set to take effect on April 3 at 12:01 am ET, are aimed at expanding America’s

By Jordan Valinsky, CNN New York (CNN) — If you ever wanted to get as drunk as Pam Beesly at a Chili’s in Scranton, that dream is finally becoming a reality. The popular chain is opening a restaurant in the Pennsylvania city on April 7, nearly 20 years after the famous episode of “The Office”

By Alicia Wallace, CNN (CNN) — Student loan delinquencies are poised to hit record highs, and more than 9 million borrowers could see their credit scores tank in the first quarter of this year, according to new data released Wednesday. The Federal Reserve Bank of New York released its latest biennial report that tracks student

By Jordan Valinsky, CNN New York (CNN) — Perhaps best known for his on-court dominance, NBA player Steph Curry is hoping some of that success translates into the crowded court of sports drinks. Curry is launching a new sports hydration drink with former first lady Michelle Obama’s drink brand, PLEZi. It marks his entrance into

By Jordan Valinsky, CNN New York (CNN) — After GameStop closed about a quarter of its locations within the past year, shuttering 1,000 stores across the world, the company said it’s not close to done. And as the struggling company closes stores, it will invest cash in cryptocurrencies. GameStop revealed in a regulatory filing Tuesday

By Nathaniel Meyersohn, CNN New York (CNN) — Wall Street cheered President Donald Trump’s election because businesses expected a massive deregulation effort. Trump knows this — and his administration appears to be leveraging that to get something in return: rollbacks of companies’ diversity, equity and inclusion policies. The federal government typically tries to block corporate

By Chris Isidore, CNN New York (CNN) — Tesla’s stock closed higher Tuesday for the fifth straight day, a remarkable and sustained rally that has recaptured a quarter of the value it lost in the last three months. It may not last. The stock had been plunging as Tesla’s sales have fallen sharply, particularly in

By Anna Cooban, CNN London (CNN) — Tesla will start selling its electric vehicles in Saudi Arabia, entering the Gulf region’s largest economy as the company’s global sales are sliding and CEO Elon Musk courts controversy with his role in the US government. The carmaker announced Wednesday that it would host a launch event in

By Nathaniel Meyersohn, CNN New York (CNN) — Dollar Tree is ending its short-lived and ill-fated Family Dollar experiment, offloading the discount brand for $1 billion – just a fraction of its purchase price from a decade ago. Family Dollar will be sold to private equity groups Brigade Capital Management and Macellum Capital Management, pending

By Jeanne Sahadi, CNN (CNN) — Bonus season on Wall Street runs through March, and based on estimates released Wednesday morning, it has been a lucrative start to spring for the more than 200,000 people working for New York City-based securities firms. Their total bonus pool hit a record $47.5 billion, up 34% from last

By Brian Stelter, CNN (CNN) — One of the international broadcasters targeted for termination by President Donald Trump has been granted a reprieve by a federal judge. US District Judge Royce C. Lamberth has granted Radio Free Europe/Radio Liberty’s request for a temporary restraining order that will help the broadcaster stay on the air and

By Lisa Eadicicco, CNN New York (CNN) — If you hadn’t heard of Signal before Monday, chances are you have now. The secure messaging app, available for iPhones and Android devices, has long been popular with journalists because of its robust privacy features. But the Atlantic’s editor in chief, Jeffrey Goldberg, revealed on Monday that

By Clare Duffy, CNN New York (CNN) — As we all live more of our lives online, it’s important to understand who might have access to our conversations and internet searches – and to understand how to maintain privacy in an increasingly connected world. In the days since billionaire Elon Musk and his Department of

By Brian Stelter, CNN (CNN) — The revelation that President Trump’s aides endangered national security by chatting about a military strike in a Signal chat that included a journalist is embarrassing for everyone involved – which is why it’s a big test of MAGA media’s power to deny, dismiss and deflect. The president’s favorite media

By Bryan Mena, CNN Washington (CNN) — America’s economic mood continues to deteriorate as President Donald Trump carries on with his sweeping economic agenda. Consumer confidence slid 7.2 points this month to a reading of 92.9, the Conference Board said Tuesday in its latest survey, reaching its lowest level since January 2021 and extending a

By Clare Duffy, CNN New York (CNN) — Many 23andMe customers signed up to the genetic testing service in hopes of learning fun or interesting information about their past. But consumer advocates are now urging those users to request the deletion of their accounts and data from the site, to prevent their genetic information from

By Jordan Valinsky, CNN New York (CNN) — Florida has been working for years to crack down on employers that hire undocumented immigrants. But that presented a problem for businesses in the state that are desperate for workers to fill low-wage and often undesirable jobs. Florida’s Republican Gov. Ron DeSantis and the state legislature have

By John Liu, CNN Hong Kong (CNN) — China’s EV giant BYD recorded revenues of 777 billion yuan ($107 billion) for 2024, surging ahead Elon Musk’s Tesla in annual sales amid intensifying competition in the global market for clean-energy cars. In a filing on Monday, BYD reported a 29% jump in sales from the previous

By Auzinea Bacon, CNN (CNN) — In the past four years, America’s infrastructure has improved — but just slightly. A report card released Tuesday by the American Society of Civil Engineers (ASCE) gave the United States an overall grade of C, up from a C- in 2021 and consistent D-ranged grades since the start of