Money

By John Towfighi, CNN New York (CNN) — US stocks rose Wednesday after the Trump administration announced it would grant a one-month exemption for tariffs on Canada and Mexico that affect automakers. US stocks, which had teetered during the day, surged higher after the White House confirmed the one-month exemption. The Dow jumped 615 points

By Chris Isidore, CNN New York (CNN) — The US tariffs on Canadian fuel imports could hit some parts of the country harder than others. The Northeast could see that change first, according to experts, and prices are also at risk of rising on the West Coast. But even those potential hikes would be unlikely

By Alicia Wallace, CNN (CNN) — The Trump administration’s frenetic policy changes appear to be making US businesses think twice about hiring new workers. New data released Wednesday showed that hiring by US private-sector companies fell sharply last month, much more than economists had expected. Private-sector employment increased by an estimated 77,000 jobs in February,

By Jordan Valinsky, CNN New York (CNN) — In a time when fast food chains are releasing deals to juice sluggish sales as inflation and tariffs threats weigh heavily on the American consumer, one company is bucking the trend: Taco Bell. The Crunchwrap Supreme and Mexican Pizza purveyor is forecasting 8% sales growth this quarter

By Elisabeth Buchwald, CNN (CNN) — Well, it finally happened: President Donald Trump fulfilled his promise to impose sweeping tariffs on America’s top three trading partners, Mexico, China and Canada. Collectively, these three countries shipped $1.4 trillion worth of goods to the United States last year, accounting for 40% of all the goods the US

By Danny Freeman, Samantha Delouya and Nicki Brown, CNN (CNN) — Last fall, in the waning weeks of the presidential campaign, Donald Trump visited Sprankle’s Neighborhood Market, a family-owned grocery store in rural Kittanning, Pennsylvania. The stop was meant to drive home one of Trump’s core campaign promises: to rein in the cost of groceries

By Nathaniel Meyersohn, CNN New York (CNN) — Target is facing a 40-day consumer boycott starting Wednesday over the company’s shift away from diversity, equity and inclusion (DEI) policies. “We’re asking people to divest from Target because they have turned their back on our community,” Rev. Jamal Bryant, a prominent Atlanta-area megachurch pastor who started

CNN By Bryan Mena, Elijah Shama and Vanessa Yurkevich, CNN (CNN) — US Commerce Secretary Howard Lutnick said that President Donald Trump could announce a trade deal with Mexico and Canada as soon as tomorrow, just one day after the US imposed punishing tariffs on the two nations and sparked retaliatory levies. “I think he’s

By Simone McCarthy and Nectar Gan, CNN Beijing/Hong Kong (CNN) — China has set an ambitious target of “around 5%” growth for 2025, in a defiant show of confidence as it braces for the fallout from escalating American tariffs on its export-driven economy. The target “underscores our resolve to meet difficulties head-on and strive hard

By Alexandra Skores, CNN Washington, DC (CNN) — For decades, US officials liked to say the nation’s aviation system was the “gold standard” for safety. A House hearing on Tuesday cast doubt on that assertion. At the hearing, on problems with the nation’s air traffic control system, lawmakers pressed aviation organizations on aging infrastructure, chronic

By Bryan Mena, Elijah Shama and Vanessa Yurkevich, CNN (CNN) — US Commerce Secretary Howard Lutnick said that President Donald Trump could announce a trade deal with Mexico and Canada as soon as tomorrow, just one day after the US imposed punishing tariffs on the two nations and sparked retaliatory levies. “I think he’s going

CTV-NETWORK, CNN By Elisabeth Buchwald, CNN (CNN) — President Donald Trump’s blanket 25% tariffs on Mexico and Canada took effect on Tuesday, an extraordinary action aimed at bringing America’s top trading partners to heel. But it threatens to weaken the North American economy, including that of the United States, at a time of significant stress

By Chris Isidore, CNN New York (CNN) — American asset management giant BlackRock has agreed to buy two ports at either end of the Panama Canal from a Hong Kong-based firm whose ownership had angered President Donald Trump. Trump said several times during the lead-up to his inauguration and since taking office that he intends

By Clare Duffy, CNN New York (CNN) — YouTube is cracking down on content related to gambling as sports betting and other online prediction markets have taken off in the United States. The platform announced Tuesday it will no longer allow content that directs users to “unapproved” gambling websites through links, images, text, logos or

By Lucy Bayly and John Towfighi, CNN New York (CNN) — US stocks whipsawed Tuesday after President Donald Trump made good on his threat to levy tariffs on Canada and Mexico, paving the way for a global trade war as leaders of both trading partners threatened retaliation. The hefty tariffs imposed by the Trump administration

By Alexandra Skores, CNN (CNN) — Need an Uber? How about one without a driver? Beginning Tuesday, rideshare hailers on Uber in Austin, Texas, can call a driverless Waymo, from Google’s parent company, Alphabet, for the first time. Travelers will be able to book rides across 37 square miles in Austin, the backyard of competitor

By Nathaniel Meyersohn, CNN New York (CNN) — Two of America’s largest retailers, Target and Best Buy, warned Tuesday that prices will increase following President Donald Trump’s tariffs on imported goods from Mexico, Canada and China. Target’s CEO said the price increases could happen a lot sooner than you think. Trump’s blanket 25% tariffs on