CNN – Business/Consumer

By 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

By 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

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

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

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

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

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”

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

By Alicia Wallace, CNN (CNN) — Americans just got some reassurances that inflation was slowing, and not reaccelerating, last month. The Producer Price Index, a wholesale inflation gauge that is being closely watched for tariff-related impacts, showed that price hikes slowed substantially in February. The PPI index was unchanged from January, and rose 3.2% for

By David Goldman, CNN (CNN) — President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war that could easily get out of hand. In a post on Truth Social, Trump

By Clare Duffy, CNN New York (CNN) — Meta CEO Mark Zuckerberg told lawmakers in a congressional hearing last January that it didn’t make sense for his platforms to verify how old their users are in order to serve them age-appropriate experiences. Instead, that responsibility should lie with app stores, he said. Just over a

By Chris Isidore, CNN New York (CNN) — Gasoline prices are coming down, and President Donald Trump is happy to take credit for that. But he has little to do with it, experts say, and his policies could make it more expensive to increase domestic oil production from already record levels. The price of a

By Elisabeth Buchwald, CNN (CNN) — It’s easy for Americans to think President Donald Trump’s aluminum and steel tariffs won’t affect them. Most of us aren’t shopping for raw metals, after all. Yet the 25% tariffs rolled out on Wednesday could still manage to dent consumers’ wallets. From cans for food, beer and soda to

By John Liu and Juliana Liu, CNN Hong Kong (CNN) — Walmart is getting caught in the middle of an escalating trade war between the United States and China. Chinese officials confirmed on Thursday they had met with executives from the US retail giant, following a news report that it had pressured its suppliers in

By Samantha Delouya, CNN (CNN) — Two months ago, JPMorgan Chase CEO Jamie Dimon had a curt message for people protesting President Donald Trump’s tariff policy: “Get over it.”“Get over it.” But with stock markets lower and cracks appearing to form in the US economy, Dimon himself might not be over it. “I don’t think

By Clare Duffy, CNN New York (CNN) — Intel has named a new chief executive, as the chipmaking giant attempts to recover from several bruising years that saw the one-time industry leader fall behind most of its rivals. The company announced Wednesday that it has named longtime tech investor and semiconductor industry executive Lip-Bu Tan

By Reuters (CNN) — The US Federal Trade Commission asked a federal court in Seattle on Wednesday to delay a September trial in its case alleging Amazon misled consumers over its Prime subscription service, citing “severe resource shortfalls in terms of both money and personnel.” Jonathan Cohen, an attorney for the FTC, told US District

By Vanessa Yurkevich, CNN New York (CNN) — There may be some cracks forming in the egg market. For the past several months, consumers have been faced with a hard reality: Fewer eggs at higher prices. But in the first week of March, prices for wholesale loose eggs fell by $1.20, averaging about $6.85 a

By Bryan Mena and Kayla Tausche, CNN Washington (CNN) — Larry Fink, chief executive of BlackRock, the world’s largest asset manager, said Wednesday that the Trump administration’s barrage of policy changes is paralyzing American consumers and businesses — and that’s already hurting the economy. “The collective impact in the short run is that people are

By Liam Reilly, CNN New York (CNN) — Ruth Marcus, who recently resigned as a Washington Post columnist after four decades, said she parted ways with the paper following a spiked opinion piece on the paper’s billionaire owner because her job is to tell readers “what I think, not what Jeff Bezos thinks I should