By John Liu, CNN Hong Kong (CNN) — The price of gold jumped to a fresh record high on Tuesday, as concerns about US President Donald Trump’s intention to oust Federal Reserve Chair Jerome Powell weighed on investors. Gold, considered a safer financial bet amid economic uncertainty, rose to a new record of $3,500.05 per
Continue ReadingBy John Liu, CNN Hong Kong (CNN) — China’s Contemporary Amperex Technology (CATL), the world’s largest producer of electric vehicle batteries, has unveiled an upgraded battery it says promises an even longer range than rival BYD’s cutting-edge technology. Both tech giants now boast they have batteries that can charge EVs in as little as five
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By Ramishah Maruf, CNN New York (CNN) — The Federal Trade Commission sued ride-hailing giant Uber Monday, alleging “deceptive” billing and cancellation practices in its Uber One subscription service. The FTC alleged the company charged customers for Uber One, a service for fee-free delivery and discounts on rides, without their consent and made it too
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By Jordan Valinsky, CNN New York (CNN) — Among the biggest annoyances of booking an Airbnb are the fees, which can jack up the price of the once affordable alternative to hotels. That’s changing Monday with the platform now displaying the total price on default. All users will now see the full price of a
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By John Towfighi, CNN New York (CNN) — US stocks ended the day sharply lower Monday and the dollar tumbled as investors assessed continued tariff uncertainty and the implications of President Donald Trump’s ongoing mission to try and oust Federal Reserve Chair Jerome Powell. The Dow fell 972 points, or 2.48%. The broader S&P 500
Continue ReadingBy John Towfighi, CNN New York (CNN) — Global markets have been shaken to their core by President Donald Trump’s aggressive trade agenda — and despite his promise of a “new golden age of America,” the long-held appeal of US investment is starting to lose its luster. Trump’s tariffs have been a catalyst for the
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By Clare Duffy, CNN New York (CNN) — A Sam Altman-backed company has an ambitious plan to solve one of the internet’s trickiest problems — distinguishing humans from artificial bots. It involves an Orb. The Orb couldn’t verify me as a “unique human” when I tried it — but it turns out, that’s partially by
Continue ReadingBy Nectar Gan, CNN Hong Kong (CNN) — Beijing has warned its trading partners against succumbing to US pressure to isolate China in President Donald Trump’s tariff war, as part of its carrot-and-stick approach to win over countries caught between the world’s two largest economies. Commenting on recent media reports about the Trump administration’s plans
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By Auzinea Bacon, CNN (CNN) — Ryan Coogler’s supernatural horror “Sinners” drove a stake through the competition this weekend to finish No. 1 at the box office while shattering industry expectations. “Sinners” pulled in $45.6 million domestically, surpassing estimates of about $35 million, and edging “A Minecraft Movie,” which grossed $41.3 million in its third
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By Chris Isidore, CNN (CNN) — It’s called a chicken tax, but it’s levied on pickups. And it shows just why President Donald Trump’s tariffs could change the US economy longer than you might think. President Lyndon Johnson imposed the chicken tax in 1963, but it’s still in effect today, even though its supposed reason
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By Reuters (CNN) — A Boeing jet intended for use by a Chinese airline landed back at the planemaker’s U.S. production hub on Saturday, a victim of the tit-for-tat bilateral tariffs launched by President Donald Trump in his global trade offensive. The 737 MAX, which was meant for China’s Xiamen Airlines, landed at Seattle’s Boeing
Continue ReadingBy Nayeli Jaramillo-Plata, CNN (CNN) — April 20, or “4/20,” is the unofficial holiday for cannabis culture. While the origins of “weed day” are a bit hazy — the most widely accepted story traces back to a group of California high schoolers who met at 4:20 pm to smoke marijuana — 4/20 has gained mainstream
Continue ReadingBy Alicia Wallace, CNN (CNN) — Small businesses are the backbone of the US economy, homegrown companies that would seem to be exactly what President Donald Trump aims to protect as part of his “America First” trade agenda. But for many small business owners, the years of hard work and the optimistic outlooks have unraveled
Continue ReadingBy Reuters (Reuters) — DHL Express, a division of Germany’s Deutsche Post, said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21, as US customs regulatory changes have lengthened clearance. The notice on the company website was not dated, but its metadata showed it was compiled
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By Nayeli Jaramillo-Plata, CNN (CNN) — Before you hop out the door this Easter Sunday, it may be worth checking what’s open as some places aren’t cracking their doors. Easter falls on April 20 this year. While it’s not a federal holiday, it’s widely observed across the United States, and many businesses either close or
Continue ReadingBy Allison Cho and Ramishah Maruf, CNN (CNN) — In Flushing, Queens, fresh produce, soy sauces and seaweed-flavored snacks line the aisles at Chang Jiang Supermarket. Chang Jiang sits amid a row of stores in this majority-Asian community, where colorful storefronts feature signs in Chinese and fresh fruit is sold in boxes on the sidewalk.
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By Elisabeth Buchwald, CNN New York (CNN) — There could very soon be a new biggest credit card company in the United States. Capital One (COF) received approval from the Federal Reserve’s Board of Governors and the Office of the Comptroller of the Currency to acquire and merge with Discover Financial Services (DFS), the agencies
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By Alexandra Skores, CNN (CNN) — If you’ve received a text claiming you owe unpaid tolls, you’re not alone. Over 60,000 complaints were made to the FBI’s Internet Crime Complaint Center last year about unpaid toll scams. People all over the country are being contacted, mostly via text messages, and being told they owe money
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By Nayeli Jaramillo-Plata, CNN (CNN) — Americans are nervous about their investment portfolios, and it’s easy to see why, given escalating trade tensions and gloomy economic forecasts. The probability of a US recession within the next 12 months has jumped to 45% from 25% last month — the highest since December 2023, a recent Reuters
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By Bryan Mena and Elisabeth Buchwald, CNN Washington/New York (CNN) — President Donald Trump on Thursday again made clear his disdain for Federal Reserve Chair Jerome Powell, going so far as to say the central banker’s “termination can’t come fast enough” and saying in an Oval Office event that Powell will “be out of there
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