Money

By Chris Isidore, CNN (CNN) — UPS will cut 20,000 jobs this year, about 4% of its global workforce, the company said Tuesday. But UPS added the decision is unrelated to tariffs and is instead due to increased use of technology and a previously announced plan to trim its Amazon business. UPS in January announced

CNN By Alayna Treene, Betsy Klein and Jordan Valinsky, CNN New York (CNN) — The White House took aggressive aim at Amazon, with President Donald Trump putting in a call to Amazon founder Jeff Bezos Tuesday morning, after the company considered displaying the added cost of tariffs on certain items. Trump called Bezos to complain

By Alayna Treene, Betsy Klein and Jordan Valinsky, CNN New York (CNN) — The White House took aggressive aim at Amazon, with President Donald Trump putting in a call to Amazon founder Jeff Bezos Tuesday morning, after the company considered displaying the added cost of tariffs on certain items. Trump called Bezos to complain about

By John Towfighi, CNN New York (CNN) — The US stock market just recorded its worst first 100 days of any presidential term since President Gerald Ford assumed office in 1974. The stock market initially surged higher after President Donald Trump’s reelection in November on expectations for a pro-business boom. Yet 100 days into Trump’s

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s major, abrupt policy shifts likely slowed the US economy sharply in the beginning of the year — for the worst quarter perhaps since the Covid-19 pandemic — as consumers and businesses fretted about massive new tariffs. The Commerce Department is set to release its initial

By John Liu and CNN staff Hong Kong (CNN) — Walmart and Target have resumed business with some of their Chinese suppliers, after pausing orders for a few weeks due to uncertainties over the imposition of steep US tariffs, two Chinese factories have told CNN. The resumption came days after a meeting last week between

By Elisabeth Buchwald and Chris Isidore, CNN New York (CNN) — President Donald Trump signed an executive order and a proclamation on Tuesday to​ ease auto tariffs, the latest abrupt shift in a rapidly changing tariff policy that has left businesses scrambling to keep up. The 25% tariff on imported cars will continue, and a

By Jeanne Sahadi, CNN (CNN) — US stocks melted down and market volatility soared after President Donald Trump announced his across-the-board punitive tariffs regime on April 2. While international stocks got hurt too, overall they’ve done better. Sure, US stocks were considered overvalued coming into 2025. But the loss of trillions of dollars over a

By Jordan Valinsky, CNN New York (CNN) — A former Disney employee who hacked into the company’s servers to alter its restaurant menus, including falsifying allergen information and printing profane language, has been sentenced to three years in prison. Michael Scheuer, a Florida resident, was sentenced last week in federal court and ordered to pay

By David Goldman and Matt Egan, CNN (CNN) — President Donald Trump on Sunday night reiterated an extraordinary ambition he and members of his administration have voiced from time to time throughout his young second term: One day, Americans won’t pay any more income tax, and you’ll have Trump’s tariffs to thank for it. “We’re

By Jordan Valinsky, CNN New York (CNN) — CBS News’ ‘“60 Minutes” addressed the surprise exit of its longtime executive producer Bill Owens on Sunday’s program, with anchor Scott Pelley saying that “no one is happy” about his departure. In an extraordinarily blunt final segment of the news magazine show, Pelley revealed that CBS’ parent

By Olesya Dmitracova, CNN London (CNN) — DHL will resume global shipments from businesses to American consumers worth more than $800 after a suspension earlier this month, the company said Monday. Earlier in April, DHL temporarily suspended business-to-consumer (B2C) shipments of that customs value to the United States, starting from April 21 and until further

By Chris Isidore, CNN (CNN) — Things are undoubtedly bad at Tesla. Its sales are dwindling. Its profits are plunging, as is its share price. There are regular protests outside its showrooms. The Cybertruck is a flop. And somehow, it’s actually a lot worse than that. The 71% drop in net income it just reported

By Samantha Delouya, CNN (CNN) — A few weeks ago, Los Angeles real estate agent Scott Price got the kind of call that’s only happened once before in his two-decade-long career: His buyer was backing out — just two days before closing. To Price, the reason seemed to be a growing uneasiness with the economy.

By Ramishah Maruf, CNN New York (CNN) — Millennials have been through a lot. Many of the generation were young adults when the Great Recession began, and to this day, they struggle to buy homes and pay off student debt. Now these jaded millennials are sharing their wisdom with Gen Z on TikTok, posting preparation

By Nayeli Jaramillo-Plata, CNN (CNN) — In 2017, Christina and Ian Lacey decided to take a chance and leave their stable careers to turn their hobby into a small business. The risk and hard work paid off. The Denver couple started Retuned Jewelry from their home and have seen impressive returns — averaging $360,000 in