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CNN By Liam Reilly, CNN (CNN) — In a provocative move that could be aimed at stoking President Donald Trump’s ire, Time magazine’s latest print cover features Elon Musk behind the Resolute Desk in the Oval Office. The current edition of the storied biweekly publication, known for its historically significant covers, comes as Trump has

By Liam Reilly, CNN (CNN) — In a provocative move that could be aimed at stoking President Donald Trump’s ire, Time magazine’s latest print cover features Elon Musk behind the Resolute Desk in the Oval Office. The current edition of the storied biweekly publication, known for its historically significant covers, comes as Trump has given

By Bryan Mena, CNN Washington (CNN) — Americans fear faster inflation is on the horizon. The University of Michigan’s latest consumer survey, released Friday, showed that Americans’ inflation expectations for the year ahead surged this month to 4.3%, up a full percentage point from January to the highest level since November 2023. “This is only

By Olesya Dmitracova, CNN London (CNN) — President Donald Trump’s tariff threats have created such strong demand for UK-held gold, traders are facing potentially weeks-long queues for a chance to withdraw it. All existing slots at the Bank of England to withdraw gold bars are booked up as market players race to ship the metal

CNN By Lisa Respers France, Elizabeth Wagmeister, Luciana Lopez and David Goldman, CNN (CNN) — The Philadelphia Eagles steamrolled the Kansas City Chiefs for a decisive victory in Sunday’s Super Bowl, but the battle for audience attention through ads was in many ways an even tougher fight. With around 50 brands buying time during the

By Nathaniel Meyersohn, CNN New York (CNN) — US retailers have been stockpiling clothing, furniture and other goods to get ahead of President Donald Trump’s tariffs kicking in and raising their costs. That’s created a perfect scenario for TJ Maxx — and it’s not because the company is selling all-American goods. Tariffs are taxes placed

By Lisa Eadicicco, CNN New York (CNN) — First, the bad news: Your next smartphone might be more expensive because of President Donald Trump’s recently imposed 10% tariff on Chinese imports. But here’s the silver lining: It may be a while before smartphone prices start to rise – and those higher costs might not sting

By Chris Lau and Minori Konishi, CNN Tokyo (CNN) — An electronics store in Tokyo has apologized after hundreds of Chinese buyers who flocked there to get their hands on the latest Nvidia gaming chips brought mayhem to the neighborhood. The ensuing commotion, which went viral on Japanese social media, was a physical manifestation of

By Liam Reilly, CNN (CNN) — The chief executive of Politico’s parent company pushed back hard against a debunked right-wing conspiracy theory that has been buoyed by the Trump administration concerning the publication, telling CNN that Politico has never accepted any form of federal funding. “Politico, since its launch 18 years ago, has never taken

By Bryan Mena and Elisabeth Buchwald, CNN (CNN) — Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve. Bessent, in two interviews this week, said the Trump administration wants to focus on lowering long-term interest rates,

By Ramishah Maruf, CNN New York (CNN) — One of Google’s Super Bowl ads features a Wisconsin cheese market owner who uses the company’s Gemini AI tool to write product descriptions. But cheese fans quickly caught a hole in a previous version last week. The AI-generated copy in the commercial claimed that Gouda accounts “for

By Clare Duffy, CNN New York (CNN) — A pair of US lawmakers are seeking to ban government workers from using Chinese startup DeepSeek’s artificial intelligence chatbot on official devices. Reps. Darin LaHood, a Republican from Illinois, and Josh Gottheimer, a New Jersey Democrat, are set to propose legislation on Friday that would ban the

By Jordan Valinsky, CNN New York (CNN) — LG is recalling 500,000 electric ranges that have been involved in at least 28 fires and caused several injuries. However, customers who comply aren’t receiving refunds or exchanges — they’re getting stickers. The Consumer Product Safety Commission said in an alert that it has received 86 reports

By Chris Isidore, CNN New York (CNN) — Allstate Insurance says it will pay out $1.1 billion in claims caused by the wildfires that swept through Southern California in January. While the expected payout is significant, Allstate said Wednesday it was able to limit its losses partly by pulling back from the California market. Many

CNN By Daniel Wine, CNN Editor’s Note: CNN’s 5 Things newsletter is your one-stop shop for the latest headlines and fascinating stories to start and end your busy day. Sign up here. 👋 Welcome to 5 Things PM! Ocean currents. Chemical reactions. Blood flow. Storm clouds. These are all examples of turbulence, and scientists believe they’ve

By Alicia Wallace, CNN (CNN) — If the pundits proved right, the US labor market was supposed to have broken down by now. It wasn’t supposed to survive the Federal Reserve’s historic and aggressive rate-hiking campaign to reel in high inflation. Instead, the job market — much like the broader US economy — has remained

By Jordan Valinsky, CNN New York (CNN) — Quiksilver, Billabong and Volcom, once a magnet for Millennials looking for surfer and skateboard-inspired clothing, are permanently closing all of their stores. More than 100 locations across the United States are shutting down in the coming weeks after their operator, Liberated Brands, filed for bankruptcy, blaming fast-fashion