Money

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said Tuesday. “I do think that’s right,” he said at a central banking forum in Sintra, Portugal, when asked if the Fed would have

By Liam Reilly, CNN (CNN) — Moviegoers headed to their local AMC theater can expect to see more ads before movies starting on Tuesday as a deal with ad giant National CineMedia takes effect. The deal, announced in early June, will see AMC Entertainment place ads in the “platinum spot,” the highly coveted period immediately

By Matt Egan, CNN New York (CNN) — Drivers hitting the road this Fourth of July weekend won’t need to break the bank to fill up at the gas pump. Gas prices are expected to average between $3.10 and $3.15 per gallon nationally this Fourth of July, according to GasBuddy, which tracks fuel prices. That’s

By Hadas Gold, CNN (CNN) — After declaring he was stepping away from the political spotlight, Elon Musk got right back in it. As the Senate debated President Donald Trump’s “Big, Beautiful Bill” on Monday before a final vote, Musk issued a stark warning via his social media platform X. “Every member of Congress who

By Brian Stelter, CNN (CNN) — Paramount Global, the parent company of CBS News, may be on the verge of a settlement deal with President Trump, much to the chagrin of its own news employees. On Monday lawyers for the president and the media company said in a court filing that the two sides are

By Clare Duffy, CNN New York (CNN) — After months of speculation and multiple bids from would-be American buyers, TikTok may finally be getting a new owner. President Donald Trump teased over the weekend that there is a buyer for TikTok, whom he will announce in two weeks, which could secure the app’s long-term future

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is threatening to impose higher tariffs on Japanese exports to the United States over what he claims is the country’s unwillingness to buy American-grown rice. “They won’t take our RICE, and yet they have a massive rice shortage. In other words, we’ll just be sending them

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Monday continued his extended attack against Federal Reserve Chair Jerome Powell and the central bank’s Board of Governors, calling for ultra-low rates in an intensifying campaign demanding interest rate cuts. Trump on his social media platform wrote that the Fed’s board “should be ashamed

By Jordan Valinsky, CNN New York (CNN) — Lululemon is suing Costco, alleging that the discount wholesaler is selling knockoffs of its $128 pants and other pricey athleisure clothing. In a lawsuit filed Friday, Lululemon said Costco has “unlawfully traded” on the athleisure brand’s “reputation, goodwill and sweat equity by selling unauthorized and unlicensed apparel

By John Towfighi, CNN New York (CNN) — US stocks gained on Monday, capping off a strong month and a remarkable second quarter for Wall Street. The Dow closed higher by 276 points, or 0.63%. The broader S&P 500 rose 0.52% and the tech-heavy Nasdaq Composite gained 0.47%. The S&P 500 and Nasdaq both closed

CNN By Clare Duffy, CNN New York (CNN) — Joshua Aaron has worked in and around the tech industry for around two decades. He built his first app — a blackjack game — at computer camp when he was 13. His newest app is designed for a very different purpose: to let users alert people

By Jordan Valinsky, CNN New York (CNN) — Luckin Coffee, the fast-growing chain that beat Starbucks at its own game in China, is entering the United States. Its first two US locations are opening Monday — both in New York City — marking an escalation in competition against Starbucks and other coffee chains, such as

By Auzinea Bacon, CNN (CNN) — A large sum of riches descended upon Venice, Italy, over the last few days for the lavish wedding of Jeff Bezos and Lauren Sanchez. Opulence has been on full display as some of the famous attendees arrived at the canal city by private planes, helicopters and yachts before they

By Sean Lyngaas, CNN (CNN) — A notorious cybercriminal group has shifted its attention to the aviation industry, successfully breaching the computer networks of multiple airlines in the United States and Canada this month, according to the FBI and private experts responding to the hacks. The hacking hasn’t affected airline safety, but it has top

By John Towfighi, CNN New York (CNN) — The Treasury Department and Congress on Thursday moved to kill a so-called revenge tax that was set to raise taxes on foreign investment and had spooked Wall Street and global business leaders. Treasury Secretary Scott Bessent on Thursday announced a deal with G7 partners that will exclude