Money

By David Goldman, CNN (CNN) — President Donald Trump on Tuesday threatened to raise tariffs on Indian imports as high as 25% if the allied nations cannot complete a long-sought trade agreement. “They are going to pay 25%,” Trump said. When asked by a reporter if India would pay tariffs of 20% to 25%, Trump

By Elisabeth Buchwald, CNN (CNN) — Chinese and American trade negotiators concluded their two-day meeting in Stockholm without a resolution to avert tariffs from skyrocketing back to ultra-high levels that formed an effective blockade on trade between the world’s two largest economies. But President Donald Trump’s trade advisers and their Chinese counterparts sounded a hopeful

By Jordan Valinsky, CNN New York (CNN) — Procter & Gamble, the maker of several household staples including Tide detergent and Charmin toilet paper, is hiking prices because of President Donald Trump’s tariffs. The company revealed in Tuesday’s earnings call that its profits will take a $1 billion hit because of tariffs, a larger cost

By Bryan Mena, CNN Washington (CNN) — The Trump administration’s trade agreements with a handful of countries are helping Americans feel somewhat more confident about the economy’s health and its future. Consumer confidence climbed 2 points this month to a reading of 97.2, the Conference Board said Tuesday, showing people’s attitudes about the economy have

By Anna Cooban, CNN London (CNN) — For the first time India has overtaken China as the No. 1 exporter of smartphones to the United States, following Apple’s tariff-driven manufacturing pivot to New Delhi. India-made devices accounted for 44% of smartphone imports in the US during the second quarter, up sharply from 13% during the

By Nayeli Jaramillo-Plata, CNN (CNN) — In Alaska’s North Slope region — the northernmost county in the US, roughly the same size as the United Kingdom — one small public radio station, KBRW, keeps eight Iñupiat villages connected and serves about 10,000 people. Now, it may not survive. Last Thursday, President Trump signed into law

By Chris Isidore, CNN (CNN) — Two of the largest US railroads, Union Pacific and Norfolk Southern, announced on Tuesday a plan to combine in a $72 billion deal that would create America’s first transcontinental freight railroad. The stock and cash deal would be the largest ever in a sector that has already massively consolidated

By Vanessa Yurkevich, CNN New York (CNN) — On August 1, hundreds of countries will come to learn their fate with the United States, when President Donald Trump’s pause on “reciprocal” tariffs ends. Thousands of US businesses will also learn their fates. However, after months of whipsaw trade policy, planning with any sort of certainty

By Alicia Wallace, CNN (CNN) — Goodwill, Easterseals and other nonprofit organizations say thousands of low-income seniors could soon be unemployed because funding hasn’t come through for a decades-old federal job training and placement program. The Department of Labor has yet to release more than $300 million in funds for national grantees of the Senior

By Hadas Gold, Michael Ballaban, CNN Nashville officials on Monday announced a massive public transportation partnership with Elon Musk’s The Boring Company to alleviate the city’s significant traffic congestion problems for travelers bound to the airport. But Musk has previously made many similar promises in a host of other American cities with little to show

By John Towfighi, CNN New York (CNN) — US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels. Stocks were relatively muted on Monday after President Donald Trump and President of

By Bryan Mena, CNN Washington (CNN) — Sweeping changes are coming to the world’s most powerful central bank, President Donald Trump and his top advisers have said — and they’re already starting to make good on that promise. Treasury Secretary Scott Bessent last week made it clear that the Trump administration intends to shake up

By Auzinea Bacon, CNN (CNN) — Disney’s “The Fantastic Four: First Steps” stormed the domestic box office, topping superhero competitor “Superman” to finish No. 1 with $118 million. The reboot was a major comeback for the series, falling within range of analysts’ expectations but short of a hopeful $130 million. “Fantastic Four” is also the

MARVEL STUDIOS, NEW HORIZONS, TWENTIETH CENTURY FOX, CNN By Auzinea Bacon, CNN (CNN) — Disney’s “The Fantastic Four: First Steps” stormed the domestic box office, topping superhero competitor “Superman” to finish No. 1 with $118 million. The reboot was a major comeback for the series, falling within range of analysts’ expectations but short of a

CNN By Auzinea Bacon, Alejandra Jaramillo, Elisabeth Buchwald, John Liu, CNN (CNN) — President Donald Trump announced Sunday that the United States and the European Union reached a framework for a trade deal, ending a monthslong saga with America’s largest trading partner. Trump announced a 15% levy on most imports from the 27-nation European Union,

By Auzinea Bacon, Alejandra Jaramillo, Elisabeth Buchwald, John Liu, CNN (CNN) — President Donald Trump announced Sunday that the United States and the European Union reached a framework for a trade deal, ending a monthslong saga with America’s largest trading partner. Trump announced a 15% levy on most imports from the 27-nation European Union, including

By Lucy Bayly, CNN (CNN) — The state of President Donald Trump’s economy is about to come into full view. A slew of crucial economic data is set for release this week, including the jobs report, inflation, consumer confidence and corporate earnings. We’ll get the first glimpse at America’s second-quarter gross domestic product, the broadest