CNN – Business/Consumer

By Jeanne Sahadi, CNN New York (CNN) — If you won big on bets you made for the March Madness men’s and women’s NCAA tournaments, enjoy the money. Just know that some chunk of it may need to go to the IRS, and possibly your state, too. And if you lost big, there’s a possible

By Hanna Ziady, CNN London (CNN) — The European Union has launched an investigation into China’s state support for its wind turbine companies, intensifying a push to protect Europe’s industry from a flood of cheap Chinese imports. Margrethe Vestager, the EU’s competition chief, said Tuesday that the probe would look into the development of wind

By Chris Isidore, CNN New York (CNN) — Boeing’s commercial jet orders bounced back in March, but it was due to a large order from American Airlines for a plane the Federal Aviation Administration hasn’t even approved to carry passengers yet. American placed orders for 85 of the Boeing 737 Max 10, the largest version

By Scott McLean, Umut Sevdi Tangor and Caitlin Danaher, CNN Istanbul/London (CNN) — Turkey has announced restrictions on exports to Israel after the Turkish foreign minister accused Israel of denying a request to airdrop aid to Gaza. In a statement Tuesday, the Turkish Ministry of Trade condemned Israel’s actions preventing access to “the most basic

By David Goldman, CNN New York (CNN) — Norfolk Southern has reached a $600 million settlement that, if approved by a court, will resolve all lawsuits covering thousands of residents within 20 miles of the 2023 East Palestine, Ohio, derailment that spilled more than a million pounds of hazardous chemicals into the soil, water and

By Elisabeth Buchwald, CNN New York (CNN) — Almost every month, economists expect the hot US labor market to start showing signs of exhaustion. Instead, it plows forward full steam ahead. Last month was certainly no exception. Economists projected 205,000 jobs were added in March, a slowdown compared to February’s revised gains of 270,000. But

By Matt Egan, CNN New York (CNN) — Don’t blink. You might miss a massive move in Trump Media & Technology Group’s stock price. The Truth Social owner has only been public for two weeks but it has already sent traders on a stomach-churning ride. Gravity-defying spikes in the share price have been followed by

By Diksha Madhok, CNN New Delhi (CNN) — HSBC has agreed to sell its business in Argentina to Grupo Financiero Galicia — the largest private financial group in the country — for $550 million, the UK-based bank said Tuesday. The move comes at a time when the bank, Europe’s biggest by market value, is pushing harder

By Oliver Darcy, CNN (CNN) — Millions of viewers on Monday tuned into special news broadcasts to watch the once-in-a-generation total solar eclipse as it cast a shadow across North America. National news networks deployed anchors and crews along the path of totality from Mazatlán, Mexico, to Indianapolis to Vermont, capturing the awe-inspiring and quasi-religious

CNN By Nectar Gan, CNN Hong Kong (CNN) — US Treasury Secretary Janet Yellen is wrapping up her second trip to China, where she raised American concerns about Chinese overproduction, warned against support for Russia and, unexpectedly, caused a stir on Chinese social media over her travel style and chopstick-wielding skills. Over the span of

By Matt Egan, CNN New York (CNN) — Shares of Trump Media & Technology Group continue to rapidly fall back to Earth. The Truth Social owner dropped by another 8% on Monday, adding to a brutal week that wiped out a third of the stock’s value. The selloff has shrunk former President Donald Trump’s stake

By Jeanne Sahadi, CNN New York (CNN) — If you’re a crypto investor or have been paid in bitcoin or other cryptocurrency for your services, you’re going to have to report your taxable transactions on your 2023 tax return, which for most people comes due April 15. And — no surprise — you’re also obligated

By Jordan Valinsky, CNN New York (CNN) — Excitement over Monday’s eclipse is shining new light on a decades old song. Welsh singer Bonnie Tyler 1983 hit “Total Eclipse of the Heart” is surging on the Spotify charts as people compile the perfect playlist for the celestial spectacle, with 32 million people across the United

By Brian Fung, CNN Washington (CNN) — Two leading US lawmakers have reached a bipartisan deal that could, for the first time, grant all Americans a basic right to digital privacy and create a national law regulating how companies can collect, share and use Americans’ online data. If it succeeds, the proposal could establish the

By David Goldman, CNN New York (CNN) — Tesla has settled a high-profile case that was set to put the electric car company and its controversial automated-driving system on trial starting Monday. Terms of the settlement were not disclosed. Jury selection was set to begin Monday in a wrongful death suit filed by the family

By Sam Fossum and Anna Cooban, CNN Washington, DC/London (CNN) — The US government plans to give $6.6 billion to the world’s biggest manufacturer of semiconductor chips to help it build three factories in Arizona as part of President Joe Biden’s efforts to secure the supply of advanced chips. The White House announced Monday that

By Hanna Ziady and Duarte Mendonca, CNN London (CNN) — Brazil’s attorney general has called for social media platforms in the country to be regulated after Elon Musk threatened to disobey a court order banning certain accounts on X and lashed out against “aggressive censorship.” In a post on X Sunday, Attorney General Jorge Messias

By Nicole Goodkind, CNN New York (CNN) — Jamie Dimon believes artificial intelligence will have a huge impact on global business this year. Dimon, one of the world’s most influential business leaders, said in his annual shareholder letter Monday that while he doesn’t yet know the full effect AI will have on business, the economy

By Nectar Gan, CNN Hong Kong (CNN) — US Treasury Secretary Janet Yellen is wrapping up her second trip to China, where she raised American concerns about Chinese overproduction, warned against support for Russia and, unexpectedly, caused a stir on Chinese social media over her travel style and chopstick-wielding skills. Over the span of four

By Matt Egan, CNN New York (CNN) — The US jobs market is on fire. Consumer spending is strong. And the economy is growing at a brisk pace. But there is a growing threat to that sunny economic backdrop: surging oil prices. US oil prices are rapidly approaching $90 a barrel. Global oil prices are