CNN By Robert Ilich, David Goldman and Samantha Waldenberg, CNN (CNN) — The tariff-induced market mayhem isn’t over just yet. US stock futures plunged Sunday evening after two sessions of sell-offsthat wiped away over $5.4 trillion in market value. Stocks were set to open sharply lower Monday, putting the S&P 500 on the precipice of
Continue ReadingBy Robert Ilich, David Goldman and Samantha Waldenberg, CNN (CNN) — The tariff-induced market mayhem isn’t over just yet. US stock futures plunged Sunday evening after two sessions of sell-offs that wiped away over $5.4 trillion in market value. Stocks were set to open sharply lower Monday, putting the S&P 500 on the precipice of
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By Auzinea Bacon, CNN (CNN) — The blockbuster adaption of the 2011 video game “Minecraft” shattered box office expectations, grossing $162.75 million domestically, and marking the biggest opening weekend of the year. Industry analysts initially projected Warner Bros. Pictures’ “A Minecraft Movie” would gross $60 million before adjusting that estimate to about $100 million. Warner
Continue ReadingBy Jeanne Sahadi, CNN (CNN) — Having financial flexibility in retirement — especially in being able to maximize your spending while minimizing your taxes — is an optimal situation. And it’s one you can arrange by keeping at least some of your retirement savings in a tax-free account. “You’re giving yourself more options in the
Continue ReadingBy Auzinea Bacon, CNN (CNN) — More than 60 protests were planned for Saturday, and a dozen more for Sunday, at Tesla showrooms across the United States, as backlash continues against CEO Elon Musk for his cost-cutting role at the Department of Government Efficiency. Just a week after more than 200 demonstrations took place at
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By Robert Ilich, CNN (CNN) — Elon Musk, the world’s richest man and the face of the Trump administration’s Department of Government Efficiency, said Saturday that he hopes for a “zero-tariff situation” between Europe and the United States. “At the end of the day, I hope it’s agreed that both Europe and the United States
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By Jordan Valinsky, CNN New York (CNN) — Mega Millions is getting a makeover — including more than doubling the price of a ticket — as the multi-state lottery game aims to improve players’ odds and dish out bigger jackpots. The lottery, which is available to play in 45 states plus Washington, DC, and the
Continue ReadingBy Bryan Mena and Alicia Wallace, CNN (CNN) — The massive tariffs that President Donald Trump announced for dozens of trading partners Wednesday were pitched as “reciprocal,” simply aiming to match the tariffs other countries charge the United States. But the methodology behind Trump’s attempt to rebalance trade has nothing to do with the tariff
Continue ReadingBy Anna Cooban, CNN Birmingham, UK (CNN) — Will Timms is a very busy man. The pest controller spends his days criss-crossing Britain’s second-largest city to remove rats, cockroaches and other unwanted creatures from people’s homes. Lately, Timms’ phone has barely stopped ringing as some 17,000 metric tons of garbage have piled up on Birmingham’s
Continue ReadingBy David Goldman, CNN (CNN) — America has a brand new tax on virtually every item that comes over its border: 10%. The universal tariff went into effect Saturday at 12:01 a.m. ET after President Donald Trump signed an executive order earlier in the week requiring a baseline tax for all imports. The announcement sparked
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CNN By Robert Ilich, David Goldman and Samantha Waldenberg, CNN (CNN) — The tariff-induced market mayhem isn’t over just yet. US stock futures plunged Sunday evening after two sessions of sell-offs that wiped away over $5.4 trillion in market value. Stocks were set to open sharply lower Monday, putting the S&P 500 on the precipice
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CNN By Jeremy Herb, Jeff Zeleny, Kayla Tausche and Phil Mattingly, CNN (CNN) — President Donald Trump’s sweeping new tariffs are facing blowback from all corners – a market sell-off, foreign retaliation, anger from corporate America and skepticism from the Federal Reserve chairman and some allies in Congress. So far, the president is defiant in
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By David Goldman and John Towfighi, CNN New York (CNN) — US stocks were battered by a steep sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war. The Dow plunged by 2,231 points, or 5.5%. The broader S&P 500 was 5.97%
Continue ReadingBy Liam Reilly, CNN (CNN) — If a picture is worth a thousand words, then D.W. Pine — Time’s longtime creative director who recently published his thousandth cover — certainly has a lot to say. Pine, who joined the magazine in 1998, has put the world’s most recognizable faces within the storied red border, from
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By Clare Duffy and Alayna Treene, CNN New York (CNN) — President Donald Trump announced on Friday that he will again postpone enforcement of the TikTok sale-or-ban law for 75 days. The delay comes after Trump’s tariff announcement derailed a deal that had been set to transfer control of the app’s US operations to American
Continue Reading By Bryan Mena, CNN Washington (CNN) — Inflation is likely to pick up because of President Donald Trump’s sweeping tariffs, and could remain elevated, Federal Reserve Chair Jerome Powell said Friday. “We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation,” he said at an event just outside Washington,
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By Alicia Wallace, CNN (CNN) — As of March, the US labor market remained on solid footing: Job gains were broad-based and better than expected and participation picked up. However, a lot has changed for the US economy — and the world — in the first few days of April. President Donald Trump levied sweeping
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CNN By David Goldman and John Towfighi, CNN New York (CNN) — US stocks were battered by a steep sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war. The Dow plunged by 2,231 points, or 5.5%. The broader S&P 500 was
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By Nathaniel Meyersohn, CNN New York (CNN) — Restaurant industry icons where Americans went out for decades for wings, dinner, and celebrations are facing a crisis. Hooters filed for bankruptcy this week, the latest casual dining chain to go belly up. Red Lobster, TGI Fridays and Buca di Beppo also filed for bankruptcy in the
Continue Reading By Juliana Liu and Nectar Gan, CNN Hong Kong (CNN) — China said Friday that it will impose reciprocal 34% tariffs on all imports from the United States from April 10, making good on a promise to strike back after US President Donald Trump escalated a global trade war. On Wednesday, Trump unveiled an additional
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