Money

By Chris Isidore, CNN (CNN) — President Donald Trump has a tiny solution to a big problem: have US factories manufacture very small cars, like the ones found in Asia and Europe, to drive down giant price tags. “Manufacturers have long wanted to do this, just like they are so successfully built in other countries,”

By Alicia Wallace, CNN (CNN) — The US labor market grew even more exclusive in November. Unemployment rose to a four-year high of 4.6% in November, and the economy added 64,000 jobs last month, new data from the Bureau of Labor Statistics showed Tuesday. Last month’s job gains, which came in higher than expected, followed

By Chris Isidore, CNN (CNN) — Ford on Monday said it is pulling back on its electric vehicle plans, a move that will result in a $19.5 billion charge against its earnings to be taken mostly in the current quarter. But excluding that charge, the company said this should actually be a fairly good quarter

By Clare Duffy, CNN New York (CNN) — The US government is launching an early career hiring and talent development program to bring more technology and artificial intelligence employees to the public sector, as part of the Trump administration’s efforts to modernize government systems and stay ahead in the global tech race. The launch of

CNN By Matt Egan, CNN New York (CNN) — Donald Trump’s return to the White House set off a gold rush on Wall Street and in the crypto world. Companies and crypto projects linked to Trump and his family exploded in value as traders bet they would benefit from the president’s return to power. A

By Matt Egan, CNN New York (CNN) — Donald Trump’s return to the White House set off a gold rush on Wall Street and in the crypto world. Companies and crypto projects linked to Trump and his family exploded in value as traders bet they would benefit from the president’s return to power. A year

By Auzinea Bacon, CNN (CNN) — Vinyl records are popular again, but it’s not just audiophiles or nostalgic boomers fueling the resurgence. Gen Z is playing an outsized role in the revival of vinyl sales, which have grown on average by 18% annually in the past five years. About 60% of Gen Z say they

By Eryn Mathewson, CNN (CNN) — The cost of child care nearly doubled Emily Wildau’s mortgage. Then last month, New Mexico launched universal child care. The free child care saves Wildau, a mother to an 11-month-old son in Albuquerque, about $21,000 a year, allowing financial breathing room that her family had never imagined before. “We

By Jordan Valinsky, CNN New York (CNN) — Target hopes that a recapturing of its cultural cachet will spark a turnaround for its business. It’s turning to a fashion-forward New York neighborhood to get started. The chain unveiled its first-ever concept store in SoHo this week, adorned with stylish apparel, designer collaborations, and beauty products

By Toni Odejimi, CNN (CNN) — The Powerball jackpot continues to grow, reaching an estimated $1.1 billion after there were no big winners in Saturday night’s drawing. The winning numbers Saturday were 1, 28, 31, 57, 58, with a Powerball of 16. While there were no big winners, two tickets – sold in North Carolina

By Chris Isidore, CNN (CNN) — Whether or not anyone wins the billion-dollar Powerball jackpot on Saturday, at least one of the losers might already be known: Mega Millions. Powerball tickets, priced at $2 apiece, are selling briskly, as lottery tickets tend to do around ten-figured advertised prizes. In contrast, the next Mega Millions jackpot

By John Towfighi, CNN (CNN) — President Donald Trump on Thursday ordered a review of two major proxy advisory firms — companies that advise shareholders on votes — that had previously drawn the ire of Tesla CEO Elon Musk and others in Corporate America. The executive order singles out the two biggest players in the

By Jeanne Sahadi, CNN (CNN) — Despite your best intentions, it can be difficult to get everyone in your circle a perfect – or at least personal – gift. So you turn to Plan B: gift cards. Easy to get. Easy to use. Usually welcome. But, given how prevalent financial scams are these days –

By Chris Isidore, Tami Luhby, CNN (CNN) — A group of House Republicans handed President Donald Trump a rare rebuke on Thursday, voting to restore collective bargaining rights he had stripped from about 1 million federal workers earlier this year. But the legislation still faces significant hurdles before it can become law and aid the

By Chris Isidore, CNN (CNN) — The next signs of the nation’s political divide might be jingling in your pocket next year. The administration plans to issue a $1 coin with President Donald Trump’s likeness on it next year, despite a century-old precedent of not honoring sitting, or even living former, presidents on coins. Instead

By Toni Odejimi, CNN (CNN) — Wednesday night’s Powerball drawing went without a jackpot winner, pushing the top prize to an estimated $1 billion for Saturday. It’s the second largest of this year, lagging only the $1.787 billion Powerball jackpot in September, claimed by two winners in Missouri and Texas. If it seems like jackpots

Story by Associated Press New York (AP) — Onetime cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison after a $40 billion crash revealed his crypto ecosystem to be a fraud. Victims said the 34-year-old financial technology whiz weaponized their trust to convince them that the investment — secretly propped up by