CNN – Business/Consumer

By Anna Cooban and James Frater, CNN (CNN) — The European Union will delay the implementation of its trade countermeasures against the United States from Monday until early August to allow more time to negotiate a deal. At a news conference on Sunday, Ursula von der Leyen, president of the European Commission, referenced the letter

By Ramishah Maruf, CNN New York (CNN) — Every piece of gold that Farzana Ghani owns holds a memory. She has intricate jewelry sets from her mother-in-law from her wedding in Pakistan; a gold chain gifted from her mother after she performed the Hajj, the Muslim pilgrimage; and gold coins to celebrate her daughter’s birth.

By John Towfighi, CNN (CNN) — Editor’s note: Watch CNN Original Series “Billionaire Boys Club,” detailing the greed-fueled landscape of 1980s Los Angeles where a group of young, ambitious men set out to make their fortune — but their lavish dreams quickly spiral into a web of deception, fraud and murder. It’s the 1980s, and

By Hadas Gold, CNN (CNN) — Elon Musk’s artificial intelligence company xAI issued a lengthy apology Saturday for a series of violent and antisemitic posts from its Grok chatbot this week, blaming a system update. “First off, we deeply apologize for the horrific behavior that many experienced,” the company wrote. xAI says a system update

By Auzinea Bacon, CNN (CNN) — It’s not a bird or a plane — it’s the latest “Superman” movie soaring towards the top of the box office. Warner Bros. Pictures’ “Superman” grossed an estimated $56.5 million domestically on Friday, on top of $22.5 million in Thursday previews. The 1938 comic book character, which began as

CNN By Auzinea Bacon, CNN (CNN) — It was “up, up and away” for James Gunn’s “Superman” reboot, which finished No. 1 at the box office with a $122 million opening weekend. Warner Bros. Pictures’ latest blockbuster beat early estimates of around $90 million for the weekend and surpassed last weekend’s top hit “Jurassic World

By Auzinea Bacon, CNN (CNN) — President Donald Trump on Saturday threatened duties of 30% on products from Mexico and the European Union, two of America’s biggest trading partners, in an ongoing tariff campaign that’s upended global trade since he retook office in January. “The United States of America has agreed to continue working with

By Jeanne Sahadi, CNN (CNN) — A typical 401(k) plan only offers stock and bond funds that invest in publicly traded companies. But private companies — traditionally the domain of institutional and high-net-worth investors — have become a significant part of the overall investing market. Do they belong as an option in workplace retirement plans,

By Liam Reilly, CNN (CNN) — Virtual reality was supposed to transform entertainment. At least, that was the expectation roughly a decade ago with the arrival of the Oculus Rift, the first virtual reality (VR) headset that many believed would push VR into the mainstream. In 2025, the industry has failed to deliver on that

By Auzinea Bacon, CNN (CNN) — The chief executive of the world’s leading chipmaker warned that while artificial intelligence will significantly boost workplace productivity, it could lead to job loss if industries lack innovation. “If the world runs out of ideas, then productivity gains translates to job loss,” said Nvidia CEO Jensen Huang in an

By Brian Stelter, CNN (CNN) — Paramount’s owner-in-waiting, David Ellison, met with journalist entrepreneur Bari Weiss on Friday about a possible tie-up between CBS News and her startup The Free Press. The pair met on the sidelines of an annual gathering of media moguls in Sun Valley, Idaho, according to people with knowledge of the

By Jordan Valinsky, CNN New York (CNN) — Bad Bunny’s two-month residency is expected to be good business for the once-bankrupt Puerto Rico. On Friday, the musician kicks off a 30-date concert run in what’s a normally slow time for tourism on the island. However, the Puerto Rican-born superstar, whose real name is Benito Antonio

By Elisabeth Buchwald, CNN (CNN) — Many economists already believe it’s a matter of time before Americans start to see sticker shock from the tariffs President Donald Trump has enacted. That timeline could speed up even more if Trump follows through with his latest package of tariff threats slated to take effect in three weeks.

By Matt Egan, CNN New York (CNN) — President Donald Trump’s shock-and-awe tariff campaign is off to a slow start when it comes to reviving American manufacturing jobs. While it will take time for the full impact to play out, the early results suggest that not only have tariffs failed to inspire a hiring boom,

CNN By Elisabeth Buchwald, CNN (CNN) — US President Donald Trump on Wednesday threatened Brazil with a crippling tariff of 50% starting August 1, according to a letter he sent to the country’s president, Luiz Inácio Lula da Silva. In the letter posted on Truth Social, Trump alleged Lula is undertaking a “Witch Hunt that

By Jeanne Sahadi, CNN (CNN) — For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law. The new law lifts what had been a $10,000 cap to $40,000 for tax year 2025 and then

By Lisa Eadicicco, CNN New York (CNN) — Samsung is looking into new wearable devices, potentially including earrings and necklaces, amid an industry-wide push to develop new types of AI-powered consumer electronics. AI could enable a new wave of devices that allow users to communicate and get things done more quickly without having to take

CNN, POOL, X By Samantha Delouya and Kristen Holmes, CNN (CNN) — The Trump administration’s intensifying campaign against Federal Reserve Chair Jerome Powell hit a boiling point Thursday. Just two weeks after President Donald Trump sent a handwritten letter to Powell demanding lower interest rates, Russell Vought, Trump’s director of the Office of Management and

By Luciana Lopez, Elisabeth Buchwald and Lex Harvey, CNN (CNN) — President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America’s northern neighbor and one of its most important trading partners. And, in a separate NBC News interview, he suggested