CNN – Business/Consumer

By Ramishah Maruf and Anna Cooban, CNN New York / London (CNN) — Forever 21 isn’t even cool enough to exist anymore. The retailer’s US operating company filed for bankruptcy Sunday — for the second time in six years — in a court in Delaware, citing fierce competition from foreign fast fashion retailers. It marks

By Jessie Yeung, CNN (CNN) — President Donald Trump has said he doesn’t intend to create exemptions from steel and aluminum tariffs and that additional sectoral, as well as reciprocal tariffs will be imposed on April 2. Speaking to reporters on board Air Force One Sunday during a flight back to the White House, Trump

By Juliana Liu, CNN Hong Kong (CNN) — China has announced a wide-ranging “special action plan” to promote domestic spending, in an effort to counter the economic impact of tariffs imposed by US President Donald Trump. The initiative, announced Sunday by the official Xinhua news agency, is ambitious but short on specifics. It covered everything

By Brian Stelter, CNN (CNN) — Radio Free Europe streamed unflinching coverage of Russia’s war in Ukraine to Russians when the Kremlin banned its citizens from calling it a war. Radio Free Asia bravely exposed China’s mass detention of the Uyghurs, a predominately Muslim ethnic minority in the far west of the country. The Open

By Samantha Delouya, CNN (CNN) — The Consumer Financial Protection Bureau, the banking watchdog created after the subprime mortgage meltdown and the 2008 global financial crisis, has been thrown into chaos as the Trump administration works to drastically limit its operations. Last month, workers at the CFPB were told to stop working, effectively shutting down

By Bryan Mena, CNN Washington (CNN) — Tyler Wolf was laid off last week from his job as an employment attorney at the US Department of Health and Human Services. The 32-year-old had been saving up to buy a home and planned to move in with his girlfriend this year. Wolf is now planning to

By Jeanne Sahadi, CNN (CNN) — The Internal Revenue Service has been in a state of turmoil ever since members of the Department of Government Efficiency embedded in the agency during tax filing season — aka the IRS’ busiest time of the year. But so far at least, the upheaval has not tripped up tax

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

CNN By 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

By 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

By 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

By 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

By Jordan Valinsky, CNN New York (CNN) — Gin and vodka 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 blow

By 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,

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

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

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

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

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.

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