CNN – Business/Consumer

By Elisabeth Buchwald, CNN (CNN) — Hundreds of different goods just got a lot more expensive to import into the United States, now that President Donald Trump’s 50% tariff on steel and aluminum has kicked in. Butter knives, baby strollers, spray deodorants and fire extinguishers, considered “derivative” steel and aluminum products, were previously excluded from

By Brian Stelter, CNN (CNN) — Nexstar, the biggest owner of US TV stations, is trying to get even bigger, believing the Trump administration will allow it to do so. On Tuesday, Nexstar announced a deal to acquire another broadcast station heavyweight, Tegna, in a $6.2 billion deal including debt. The deal will require government

By Lisa Eadicicco, CNN New York (CNN) — Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed on Tuesday that the US government is considering an extraordinary investment in struggling chipmaker Intel. But they gave different answers about what the Trump administration sought to do with that stake. Such a deal, if it were

By Alicia Wallace, CNN (CNN) — Treasury Secretary Scott Bessent on Tuesday threw cold water on the idea that Americans could soon receive tariff rebate checks. Bessent, during an interview on CNBC’s “Squawk Box,” said that revenue from import tariffs will be put toward the US national debt. “I think, at a point, we’re going

By Chris Isidore, CNN (CNN) — Home Depot said Tuesday that some of its prices could be going up because of the cost of tariffs. Until now, America’s largest home improvement retailer has limited what it has said about the impact of tariffs on its prices. But after reporting quarterly results Tuesday, CFO Richard McPhail

By Jordan Valinsky, CNN New York (CNN) — When Taylor Swift’s releases her new album, “Life of a Showgirl,” in October, it can be heard on the usual places, including streaming, vinyl and…cassette tape? The cassette tape was once one of the most common ways to listen to music, overtaking vinyl in the 1980s before

By David Goldman, Chris Isidore, CNN (CNN) — Air Canada and a union representing the airline’s flight attendants have come to a tentative agreement, ending a days-long strike that canceled thousands of flights and stranded hundreds of thousands of passengers. “Flight attendants at Air Canada and Air Canada Rouge have reached a tentative agreement, achieving

By Lianne Kolirin, CNN London (CNN) — The French are known for their love of fine wines. La Popote, a French-style restaurant in northern England, is no exception. The Michelin Guide-listed eatery in the county of Cheshire offers diners the choice of almost 140 varieties of wine. But now the business is taking a bold

By Ramishah Maruf, CNN New York (CNN) — Japan’s SoftBank will invest $2 billion into struggling American chipmaker Intel, the two companies announced Monday. SoftBank will pay $23 per share of Intel common stock (INTC), according to a statement from the companies. Intel shares rose 6% in after-hours trading. The news comes just days after

By Tami Luhby, CNN (CNN) — Novo Nordisk announced Monday that US patients can now get a month’s supply of Ozempic, the blockbuster diabetes drug, for $499, for those who pay for medications on their own and don’t go through insurance. The move comes as President Donald Trump is pressuring drugmakers to lower drug costs,

By Gordon Ebanks, CNN (CNN) — Monday night’s Powerball jackpot has climbed to $605 million, a new high for 2025, after going without a winner since the end of May. If someone wins, they can choose a one-time payout of $273.4 million or take the $605 million prize as a 30-year annuity, putting it among

By Brian Stelter, Marshall Cohen, CNN (CNN) — Egregious lies about the 2020 presidential election are going to cost Newsmax $67 million. To avert a high-stakes trial, the right-wing cable channel has agreed to pay Dominion Voting Systems $27 million this month and another $40 million in the next two years. The settlement deal was

By Brian Stelter, CNN (CNN) — As the cable news channel MSNBC splits up with NBC News, it is also dropping the NBC from its name. Later this year, the channel will become MS NOW, which stands for My Source for News, Opinion, and the World. “This new branding underscores our mission: to serve as

By Vanessa Yurkevich, CNN New York (CNN) — Americans are back-to-school shopping earlier than previous years due to fears of tariffs raising prices. Families with tighter budgets are finding deals in a less traditional place: pawn shops. Families plan to spend about 2% less this back-to-school season compared to last year, according to a survey

By John Towfighi, CNN (CNN) — It’s been a summer to remember for crypto. Bitcoin is eclipsing record highs, shares in crypto-related companies are soaring and Wall Street is rethinking its stance on the industry. Once on the fringes of finance, cryptocurrency is now being embraced by a growing base of enthusiastic investors — and

By Lisa Eadicicco, CNN New York (CNN) — If there’s one thing the White House, Wall Street and Silicon Valley can agree on, it’s that artificial intelligence is a top priority. Tech giants are pouring billions into new data centers and infrastructure to support the technology. The White House came out with an AI action

By Luciana Lopez, CNN (CNN) — Lying to your lenders is a bad enough idea when you’re an individual. It’s even worse when you’re a country. That’s the specter critics of President Donald Trump have raised after he fired the head of the US Bureau of Labor Statistics this month after disappointing jobs data. While

By John Liu, CNN (CNN) — In a surprising reversal of the United States’ years-long technology restrictions on China, President Donald Trump last month allowed Nvidia to resume sales of a key AI chip designed specifically for the Chinese market. Yet rather than celebrating, Beijing’s response has been noticeably lukewarm, despite having long urged Washington

By Auzinea Bacon, CNN More than 10,000 Air Canada flight attendants will continue their strike despite back-to-work orders from the Canadian government, the Air Canada component of the Canadian Union of Public Employees (CUPE) said Sunday. “At this time, you are still on Strike and Locked out! Please remember while we are locked out there

By Chris Isidore, CNN (CNN) — Time could be running out for Spirit Airlines to continue operating, which would be bad news not only for its employees and customers but for all people seeking low-priced flights. For decades, the discount carrier has helped push prices down for domestic flights. Spirit said in a filing last