CNN – Business/Consumer

By Juliana Liu, CNN Hong Kong (CNN) — US President Donald Trump’s efforts to “rebalance” global trade have spooked Wall Street, disquieted US Treasuries and sent investors rushing to buy gold. They have now also roiled a normally staid corner of financial markets, with major potential implications for the future of the US dollar and

By Ramishah Maruf, CNN New York (CNN) — Last week, President Donald Trump advised Americans that his trade war could result in children’s dolls costing “a couple bucks more.” That, at least, seems to have come to fruition. Mattel, the toy manufacturing giant and maker of Barbie, plans to raise prices on American toys due

By Jordan Valinsky, CNN New York (CNN) — Rite Aid on Monday announced it is filing for bankruptcy for a second time, barely just seven months after the chain exited Chapter 11 and emerged as a private company. The financially strapped drug store chain said it is looking for a buyer, and re-filing for Chapter

By Chris Isidore, CNN (CNN) — President Donald Trump’s auto tariffs will cost Ford $1.5 billion this year, but the automaker said Monday it does not expect overall US car prices to rise significantly as a result. Ford CFO Sherry House told reporters that it expects US car prices to edge up 1% to 1.5%

By John Towfighi, CNN New York (CNN) — US stocks slid Monday and a historic rally for the S&P 500 lost steam as Wall Street awaited potential developments in trade negotiations between the United States and other countries. The Dow lost 99 points, or 0.24%. The broader S&P 500 fell 0.64% and the tech-heavy Nasdaq

By Liam Reilly, CNN (CNN) — Brendan Carr, the top communications regulator, doesn’t view his investigation into CBS as “a threat” to the broadcaster. Sitting down with CNBC host Sara Eisen at the Milken Institute’s Global Conference in Los Angeles on Monday, Carr called the federal inquiry into “60 Minutes” over its October interview with

By Reuters (CNN) — OpenAI said on Monday it would remain under the control of its nonprofit parent, while pushing ahead with plans to change the structure of its for-profit arm to allow more capital-raising to keep pace in the artificial-intelligence race. The announcement follows a storm of criticism and legal challenges, including a high-profile

By Brian Stelter, Jamie Gangel and Kevin Liptak, CNN (CNN) — Filmmakers and Hollywood financiers are baffled, to say the least, by President Trump’s announcement that he wants a 100% tariff on movies produced outside the United States. Several movie studio and streaming industry executives who spoke with CNN are downright apoplectic because, they believe,

By Olesya Dmitracova, CNN London (CNN) — The European Union will spend €500 million ($567 million) over the next three years “to make Europe a magnet for researchers,” a top official announced Monday in a veiled response to the Trump administration’s cuts to research funding and changes to science policy. Speaking alongside Ursula von der

By Nathaniel Meyersohn, CNN New York (CNN) — Skechers is fleeing the public market and hunkering down by going private during the middle of a trade war. The company announced Monday that investment firm 3G Capital will buy Skechers for $9.4 billion. 3G will pay $63 a share for the brand, a 30% premium of

By Matt Egan, CNN New York (CNN) — About 4 million, or roughly one in five, federal student loan borrowers with a payment due are seriously delinquent, according to a new analysis published Monday by TransUnion. Research from the information and insights company suggests that a significant number of Americans with student loan debt are

CNN By Matt Egan, CNN New York (CNN) — About 4 million, or roughly one in five, federal student loan borrowers with a payment due are seriously delinquent, according to a new analysis published Monday by TransUnion. Research from the information and insights company suggests that a significant number of Americans with student loan debt

By Auzinea Bacon, CNN (CNN) — Those who have followed Berkshire Hathaway have long-anticipated that the day would come when legendary investor and CEO Warren Buffett called it quits. But the news came unexpectedly at Berkshire’s annual shareholder meeting on Saturday, as the 94-year-old Oracle of Omaha waited until the end of the event to

By Jeanne Sahadi, CNN (CNN) — Many investors — especially high-income ones living in high-tax states — benefit from owning state and local municipal bonds for their tax advantages. The interest investors make on munis is exempt from federal income tax — and in some cases, state and local taxes too, if you buy a

By Samantha Delouya, CNN (CNN) — When a deal to buy Caitlin Bigelow’s San Francisco condo fell through last month, she felt relief, rather than disappointment. Bigelow was working with a real estate agent she trusted from Compass who had suggested she first list her home as a “Compass Private Exclusive.” That meant her home

By John Liu, CNN (CNN) — President Donald Trump says tariffs on Chinese imports to the United States will eventually be lowered, after both Beijing and Washington appeared to soften their positions about potential trade talks. “At some point, I’m going to lower them because otherwise you could never do business with them,” he said

CNN By David Goldman, CNN (CNN) — President Donald Trump on Sunday extended his trade war to the cinema. Trump, in an evening post on his social media platform Truth Social, said he has instructed the Commerce Department and US Trade Representative to place a 100% tariff on films that are produced outside the United

By David Goldman, CNN (CNN) — President Donald Trump on Sunday extended his trade war to the cinema. Trump, in an evening post on his social media platform Truth Social, said he has instructed the Commerce Department and US Trade Representative to place a 100% tariff on films that are produced outside the United States

By Auzinea Bacon, CNN (CNN) — Marvel’s “Thunderbolts” electrified the box office, beating expectations with $76 million in domestic sales this weekend. While not the massive opening weekend numbers that Marvel movies once posted, “Thunderbolts” beat expectations by about 8% and “sets into motion” a new chapter for Marvel, says Paul Dergarabedian, a senior analyst

By Reuters (CNN) — U.S. President Donald Trump said he would extend the June 19 deadline for China-based ByteDance to divest the U.S. assets of TikTok, the short video app used by 170 million Americans, if no deal had been reached by then. ”I would … I’d like to see it done,” Trump told the