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By Bryan Mena, CNN Washington (CNN) — President Donald Trump is overhauling the wrong economic policies, industry experts say, and it could cost America the high-stakes artificial intelligence race against China. Trump last week announced sweeping tariffs to reinvigorate US manufacturing, an industry that’s been in decline for decades. But the tariffs — along with

By Brad Lendon, CNN Seoul, South Korea (CNN) — America’s largest military shipbuilder has signed a deal with a South Korean company that experts say could be a big step in helping the US Navy build new warships to keep pace with rival China in fleet size. Virginia-based HII (Huntington Ingalls Industries) and South Korea’s

CNN By Anna Cooban, CNN London (CNN) — Wealthy business leaders are turning on US President Donald Trump over his plan to impose a colossal set of tariffs on America’s trading partners, as losses mount on stock markets around the world. Billionaire investor Bill Ackman, who endorsed Trump’s 2024 presidential bid, warned Sunday that going

CNN By Hadas Gold and Brian Stelter, CNN New York (CNN) — An errant post on X may have just shaken the stock market, showing how influential — and unreliable — the social media platform can be. Unsourced “headlines” about a potential “90-day pause in tariffs” sent markets into a state of turbulence Monday morning

By Chris Isidore, CNN (CNN) — These are nervous times for Tesla bulls on Wall Street. They now believe the future ain’t what it used to be, to paraphrase noted market analyst Yogi Berra. In recent weeks, even some of Tesla’s biggest analyst fans are changing course. They’re cutting their lofty 12-month price targets and

By Alicia Wallace, CNN (CNN) — The decades-long softwood lumber dispute between the US and Canada is escalating even before planned tariffs take effect: The US plans to more than double existing anti-dumping and countervailing duties on the critical building material. The US Department of Commerce, as part of an annual review process, plans to

By Hadas Gold and Brian Stelter, CNN New York (CNN) — An errant post on X may have just shaken the stock market, showing how influential — and unreliable — the social media platform can be. Unsourced “headlines” about a potential “90-day pause in tariffs” sent markets into a state of turbulence Monday morning as

By Anna Cooban, CNN London (CNN) — Wealthy business leaders are turning on US President Donald Trump over his plan to impose a colossal set of tariffs on America’s trading partners, as losses mount on stock markets around the world. Billionaire investor Bill Ackman, who endorsed Trump’s 2024 presidential bid, warned Sunday that going ahead

By Chris Isidore, CNN (CNN) — The United Auto Workers union, and many of its members, have publicly agreed with President Donald Trump’s decision to slap 25% tariffs on all imported cars. But about 900 UAW members will start paying the price for those tariffs starting Monday. That’s how many hourly workers at five US

By Lisa Eadicicco, CNN New York (CNN) — Nintendo found what works — and it’s not turning back. That’s the impression the company gave last week when it introduced the Switch 2, which launches June 5 and costs $450 — substantially more than its $300 predecessor. Nintendo’s next-generation console is a significantly upgraded version of

By David Goldman and Matt Egan, CNN (CNN) — JPMorgan CEO Jamie Dimon has issued a blunt warning about President Donald Trump’s tariff policy: It threatens to raise prices, drive the global economy into a downturn and weaken America’s standing in the world. “The recent tariffs will likely increase inflation and are causing many to

By Harry Enten and Matt Egan, CNN New York (CNN) — President Donald Trump warned Americans in 2024 that a vote for Vice President Kamala Harris would be a vote for a market meltdown. “You want to see a market crash? If we lost this election, I think the market would go down the tubes,”

By Allison Morrow, CNN New York (CNN) — It is wise for investors “to be fearful when others are greedy and to be greedy only when others are fearful,” according to one of Warren Buffett’s classic aphorisms. But it’s not easy to pinpoint the mood on the Street. Markets are notoriously unpredictable, propelled by “animal

By Simone McCarthy, CNN Hong Kong (CNN) — As countries around the world scramble to negotiate concessions from US President Donald Trump’s escalation last week of a global trade war, China has taken a different tack. Within 48 hours of Trump’s market-hammering tariffs announcement, the world’s second-largest economy swiftly retaliated with its own punitive measures

CNN By Jade Walker, CNN (CNN) — The US Naval Academy has removed 381 books from the Nimitz Library to comply with the Trump administration’s decision to remove diversity, equity and inclusion efforts from the federal government. Among the texts that cadets are no longer allowed to access are: “I Know Why the Caged Bird

By Juliana Liu and John Liu, CNN Hong Kong (CNN) — Global markets plunged on Monday, deepening a global stocks rout triggered by US President Donald Trump’s trade war and China’s forceful response to unexpectedly high tariffs. Germany’s Dax opened down 9%, while London’s FTSE was about 5% lower. European markets were, on the whole,

By Robert Ilich, David Goldman and Samantha Waldenberg, CNN (CNN) — The tariff-induced market mayhem isn’t over just yet. US stock futures plunged Sunday evening after two sessions of sell-offs that wiped away over $5.4 trillion in market value. Stocks were set to open sharply lower Monday, putting the S&P 500 on the precipice of