Skip to Content

Money

Trump tells Goldman Sachs CEO to hire a new economist after bank says consumers will pay bulk of tariff costs

By Elisabeth Buchwald, CNN (CNN) — Days after Goldman Sachs’ top economists published research claiming price increases stemming from higher tariffs are poised to soon be borne mostly by consumers, President Donald Trump is urging the bank’s CEO, David Solomon, to get a new economist. “Tariffs have not caused Inflation, or any other problems for

Continue Reading
Artificial intelligence search company Perplexity has made an unsolicited

AI search firm Perplexity makes $34.5 billion surprise bid for Google Chrome

By Clare Duffy, Lisa Eadicicco, CNN New York (CNN) — Artificial intelligence search company Perplexity has made an unsolicited, $34.5 billion offer to purchase Google’s Chrome browser, a surprise move by a Google Search challenger that’s looking to upend how people find information online. Perplexity spokesperson Jesse Dwyer confirmed to CNN the details of the

Continue Reading
“I am pleased to announce that I am nominating Highly Respected Economist

Trump’s pick for BLS commissioner floated suspending the monthly jobs report before apparently backing off

By Alicia Wallace, David Goldman, CNN (CNN) — E.J. Antoni, President Donald Trump’s pick to lead the Bureau of Labor Statistics, is no longer considering suspending the monthly jobs report — one of the most crucial and historic measurements of US economic activity — after proposing the unprecedented action during an interview that published Tuesday.

Continue Reading
“I am pleased to announce that I am nominating Highly Respected Economist

Here’s how Trump’s BLS commissioner pick has criticized the BLS

By Ramishah Maruf, Samantha Delouya, CNN New York (CNN) — Hours before President Donald Trump fired former Bureau of Labor Statistics commissioner Erika McEntarfer this month, E.J. Antoni appeared on former White House strategist Steve Bannon’s podcast to discuss the BLS’ monthly jobs report, which showed much-lower-than-expected numbers for July and shockingly steep revisions for

Continue Reading
Containers are seen at the port in Qingdao

US and China agree to critical extension, preventing tariff surge on the world’s two largest economies

By Elisabeth Buchwald, Phil Mattingly, CNN (CNN) — The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to an executive order signed by President Donald Trump on Monday. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that

Continue Reading
Nvidia CEO Jensen Huang delivers the keynote address at the GTC AI Conference in San Jose

How the world’s most valuable company got caught in the middle of Trump’s spat with China

By Clare Duffy, Phil Mattingly, Lisa Eadicicco, CNN New York (CNN) — Nvidia, the world’s most valuable company, has found itself caught in the middle of President Donald Trump’s historic trade war with China. The result: an extraordinary concession from a $4.5 trillion corporation that will give the United States a percentage of every high-end

Continue Reading