By Brian Stelter, CNN (CNN) — The Voice of America may not live up to its ambitious name for much longer. Michael Abramowitz, the director of VOA, said in a Facebook post on Saturday that he was placed on leave, along with “virtually the entire staff” of 1,300. The announcement comes one day after President
Continue ReadingBy Auzinea Bacon, CNN Washington, DC (CNN) — Hundreds of demonstrators gathered nationwide outside Tesla showrooms Saturday amid heightened criticism against CEO Elon Musk’s federal cost-cutting role in the so-called Department of Government Efficiency and after Attorney General Pam Bondi vowed to crack down on vandalism against Tesla. The demonstrations are part of the “Tesla
Continue ReadingBy Matthew Kaufman, CNN New York (CNN) — Workers thinking about criticizing their employer on social media might want to think twice. While there are some protections in place that allow employees to speak about their employers, the situation is tricky – as evidenced by the recent firing of a Tesla manager who posted critical
Continue ReadingBy Clare Duffy, CNN New York (CNN) — Tech founders don’t always know what their products will become or how people will eventually use them. That’s what happened with Twitter, early employees of the company told CNN in a new documentary series called “Twitter: Breaking the Bird.” The original version of Twitter reflected the early
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — Scotch and Irish whiskey aren’t the only alcohols that will feel the pain of a 200% tariff on European-made products — so will your favorite bottles of Bordeaux and Chianti. Wine, which already dealt with an 8% drop in US sales last year, was hit with another
Continue ReadingBy Ramishah Maruf, CNN New York (CNN) — A jury in California on Friday ordered Starbucks to pay $50 million in damages to a delivery driver who was severely burned by an improperly secured lid on hot beverages. Michael Garcia was picking up drinks at a drive-through in Los Angeles when he “suffered severe burns,
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By John Towfighi, CNN New York (CNN) — What a week it’s been. US stocks surged Friday but all three major indexes still closed the week in the red. President Donald Trump’s budding trade war has sent jitters through markets that caused a volatile week on Wall Street. The Dow ended the day higher by
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By Marshall Cohen, CNN Washington (CNN) — The pro-Trump cable channel Newsmax agreed to pay $40 million in a confidential settlement last year to end a 2020 election-related defamation lawsuit brought by voting technology company Smartmatic, according to regulatory filings recently made public. Newsmax and Smartmatic settled the case in September, on the eve of
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By Bryan Mena, CNN Washington (CNN) — The Trump bump in consumer sentiment is now a Trump slump. Americans continue to grow worried over President Donald Trump’s escalating and haphazard trade war, according to the University of Michigan’s latest consumer survey released Friday. Consumer sentiment fell 11% this month to a reading of 57.9, a
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By Olesya Dmitracova, CNN London (CNN) — Gold prices reached $3,000 an ounce for the first time in history Friday, boosted by demand for safe-haven assets as investors fret about President Donald Trump’s tariffs and geopolitics. Prices hit a record $3,005 before paring those gains a bit to just under $3,000. Jason Hollands, managing director
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By David Goldman, CNN (CNN) — On-again, off-again tariffs, mass government layoffs, funding cuts and immigration crackdowns have seriously spooked Wall Street, which is emphatically rejecting President Donald Trump’s chaotic economic agenda. The market that embraced Trump for most of his first term and in the lead-up to his second has turned on the president.
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By Jordan Valinsky, CNN New York (CNN) — Perhaps there’s no better example of where the newly applied 25% tariffs on aluminum and steel will be felt than craft brewers, an industry that uses both materials in all facets of production and sales. And for Wesley Keegan, owner and founder of Nashville-based TailGate Brewery, the
Continue ReadingBy Juliana Liu, CNN Hong Kong (CNN) — China has sharply criticized a proposal to sell ports in the Panama Canal to American asset management giant BlackRock, attacking the deal as “spineless groveling” and a “betrayal” of the Chinese people. A commentary published by the state-owned Ta Kung Pao newspaper and reposted on the website
Continue ReadingBy Samantha Delouya, CNN (CNN) — Bill Pulte, who was confirmed by the US Senate on Thursday to lead the Federal Housing Finance Agency for the Trump administration, said he’s in no rush to privatize Fannie Mae and Freddie Mac, the mortgage behemoths that power more than half of America’s mortgages. “Fannie and Freddie shouldn’t
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By Ramishah Maruf, CNN New York (CNN) — Tesla, the electric car company run by Elon Musk, said this week that retaliatory tariffs against US manufacturers could harm its operations and that the US should carefully consider its trade policies, a break from Musk’s ally President Donald Trump. In a March 11 letter to US
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By John Liu and Wayne Chang, CNN Hong Kong/Taipei (CNN) — It was a surprise ceremony at the White House presided over by President Donald Trump to unveil a $100 billion investment from what he called the world’s most powerful company, Taiwan Semiconductor Manufacturing Company (TSMC). But nearly 8,000 miles away, the mood was far
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CNN By John Liu and Wayne Chang, CNN Hong Kong/Taipei (CNN) — It was a surprise ceremony at the White House presided over by President Donald Trump to unveil a $100 billion investment from what he called the world’s most powerful company, Taiwan Semiconductor Manufacturing Company (TSMC). But nearly 8,000 miles away, the mood was
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By John Towfighi, CNN New York (CNN) — US stocks slid Thursday and the S&P 500 closed in correction, down 10% from its record high in February, as President Donald Trump threatened new tariffs on the European Union. The Dow ended the day down by 537 points, or 1.3%. The S&P 500 fell 1.39% and
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By Nathaniel Meyersohn, CNN New York (CNN) — Low-income Americans’ financial condition has gotten worse over the last year and more shoppers are going without basic necessities. That’s the worrying message coming from Dollar General, which sells inexpensive items and is thus considered a bellwether for low and middle-income shoppers’ health. Dollar General’s “core customers”
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By Allison Morrow, CNN New York (CNN) — At a White House summit last week, Commerce Secretary Howard Lutnick spoke passionately about the Trump administration’s plans to embrace cryptocurrencies, a largely unregulated industry that has historically operated on the fringes of finance. “Technology is at the foundation of the Trump presidency,” Lutnick said, addressing two
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