Money

By Juliana Liu, CNN Hong Kong (CNN) — Officials in Beijing and Hong Kong spoke out Tuesday against a proposal to sell ports in the Panama Canal to a consortium led by BlackRock, sending shares in the Hong Kong-based conglomerate that owns the ports plummeting. It’s unclear how regulators could interfere with the plan, which

By Alicia Wallace, CNN (CNN) — Markets are on the fritz and investor sentiment has slumped into “extreme fear” territory. Consumer confidence readings have cratered and surveys show a sharp turnabout in Americans’ feelings about their future financial well-being. Any positive reports are described by economists as the “calm before the storm.” The common denominator

By John Liu, CNN Hong Kong (CNN) — Electric vehicle giant BYD unveiled a new charging system in China on Monday, intensifying already fierce competition in the world’s largest auto market and propelling it further ahead of rivals such as Tesla. The Shenzhen-based automaker touted its system, dubbed “Super E-Platform,” as being able to charge

By Jordan Valinsky and Ramishah Maruf, CNN New York (CNN) — PepsiCo is buying Poppi, the popular prebiotic soda brand, in a $1.65 billion deal. The move marks PepsiCo’s further shift into the “better for you” category as consumers shy away from sugar-filled drinks and unhealthy snacks. In January, the company bought Siete Foods, which

By Bryan Mena, CNN Washington (CNN) — Spending at US retailers last month was much weaker than expected, in a troubling sign that the American shopper could be starting to tap out. Retail sales rose 0.2% in February from the prior month, the Commerce Department said Monday, up from January’s downwardly revised 1.2% decline. That

By David Goldman, CNN (CNN) — President Donald Trump’s tariff policies are slowing economic growth in the United States and around the world while sending prices higher again, creating a toxic stew for the global economy that could grow even worse if tensions escalate, the Organisation for Economic Co-operation and Development said Monday. The quarterly

By Ramishah Maruf and Anna Cooban, CNN New York / London (CNN) — Forever 21 isn’t even cool enough to exist anymore. The retailer’s US operating company filed for bankruptcy Sunday — for the second time in six years — in a court in Delaware, citing fierce competition from foreign fast fashion retailers. It marks

By Jessie Yeung, CNN (CNN) — President Donald Trump has said he doesn’t intend to create exemptions from steel and aluminum tariffs and that additional sectoral, as well as reciprocal tariffs will be imposed on April 2. Speaking to reporters on board Air Force One Sunday during a flight back to the White House, Trump

By Juliana Liu, CNN Hong Kong (CNN) — China has announced a wide-ranging “special action plan” to promote domestic spending, in an effort to counter the economic impact of tariffs imposed by US President Donald Trump. The initiative, announced Sunday by the official Xinhua news agency, is ambitious but short on specifics. It covered everything

By Brian Stelter, CNN (CNN) — Radio Free Europe streamed unflinching coverage of Russia’s war in Ukraine to Russians when the Kremlin banned its citizens from calling it a war. Radio Free Asia bravely exposed China’s mass detention of the Uyghurs, a predominately Muslim ethnic minority in the far west of the country. The Open

By Samantha Delouya, CNN (CNN) — The Consumer Financial Protection Bureau, the banking watchdog created after the subprime mortgage meltdown and the 2008 global financial crisis, has been thrown into chaos as the Trump administration works to drastically limit its operations. Last month, workers at the CFPB were told to stop working, effectively shutting down

By Bryan Mena, CNN Washington (CNN) — Tyler Wolf was laid off last week from his job as an employment attorney at the US Department of Health and Human Services. The 32-year-old had been saving up to buy a home and planned to move in with his girlfriend this year. Wolf is now planning to

By Jeanne Sahadi, CNN (CNN) — The Internal Revenue Service has been in a state of turmoil ever since members of the Department of Government Efficiency embedded in the agency during tax filing season — aka the IRS’ busiest time of the year. But so far at least, the upheaval has not tripped up tax

By Brian Stelter, CNN (CNN) — The Voice of America may not live up to its ambitious name for much longer. Michael Abramowitz, the director of VOA, said in a Facebook post on Saturday that he was placed on leave, along with “virtually the entire staff” of 1,300. The announcement comes one day after President

By Auzinea Bacon, CNN Washington, DC (CNN) — Hundreds of demonstrators gathered nationwide outside Tesla showrooms Saturday amid heightened criticism against CEO Elon Musk’s federal cost-cutting role in the so-called Department of Government Efficiency and after Attorney General Pam Bondi vowed to crack down on vandalism against Tesla. The demonstrations are part of the “Tesla

CNN By Auzinea Bacon, CNN Washington, DC (CNN) — Hundreds of demonstrators gathered nationwide outside Tesla showrooms Saturday amid heightened criticism against CEO Elon Musk’s federal cost-cutting role in the so-called Department of Government Efficiency and after Attorney General Pam Bondi vowed to crack down on vandalism against Tesla. The demonstrations are part of the

By Matthew Kaufman, CNN New York (CNN) — Workers thinking about criticizing their employer on social media might want to think twice. While there are some protections in place that allow employees to speak about their employers, the situation is tricky – as evidenced by the recent firing of a Tesla manager who posted critical

By Clare Duffy, CNN New York (CNN) — Tech founders don’t always know what their products will become or how people will eventually use them. That’s what happened with Twitter, early employees of the company told CNN in a new documentary series called “Twitter: Breaking the Bird.” The original version of Twitter reflected the early

By Jordan Valinsky, CNN New York (CNN) — Gin and vodka aren’t the only alcohols that will feel the pain of a 200% tariff on European-made products — so will your favorite bottles of Bordeaux and Chianti. Wine, which already dealt with an 8% drop in US sales last year, was hit with another blow