Money

By Chris Isidore, CNN (CNN) — Ford plans to invest billions in new electric vehicle production, calling it the company’s “next Model T moment.” Ford said Monday it will invest $5 billion into a new assembly line and battery production to build EVs, including for a new, unnamed model that Ford says will be the

From Reuters (CNN) — Four reactors at France’s Gravelines nuclear power plant were shut down late Sunday due to a swarm of jellyfish in the cooling systems, operator EDF said on Monday, likely due to rising water temperatures because of global warming. The plant in northern France is one of the largest in the country

By Lianne Kolirin, CNN (CNN) — Elon Musk’s Tesla has applied to the British energy regulator for a license to supply electricity to households in the United Kingdom. If approved, it would enable Tesla to compete with a host of big energy firms that currently supply the vital utility to properties across England, Wales and

By Jordan Valinsky, CNN New York (CNN) — AOL, an internet pioneer that brought millions of Americans online for the first time, is discontinuing its dial-up service next month. The company that brought the internet to the masses in the 1990s and early 2000s recently posted a notice on its website saying that it “routinely

By John Towfighi, CNN New York (CNN) — Wall Street traders embraced the term TACO — Trump always chickens out — earlier this year to describe President Donald Trump’s on-again, off-again position on tariffs. Trump liked to impose hefty import taxes but would inevitably back off when markets plunged, analysts said. Now Trump is calling

By Tami Luhby, CNN (CNN) — President Donald Trump recently made his boldest claim yet in his longstanding promise to lower drug prices. “You know, we’ve cut drug prices by 1,200, 1,300 and 1,400, 1,500%,” he told reporters on Sunday, noting the reductions will start over the next two to three months. “I don’t mean

By Auzinea Bacon, CNN (CNN) — American moviegoers are sending a loud and clear message to Hollywood: make quality, original horror movies and we will come. This weekend, Zach Cregger’s “Weapons” topped the box office, grossing $42.5 million domestically. It’s the second time this year that an original horror was No. 1 at the box

PARAMOUNT PICTURES, UNIVERSAL PICTURES, MARVEL STUDIOS, WALT DISNEY PICTURES, WARNER BROS. PICTURES, CNN By Auzinea Bacon, CNN (CNN) — American moviegoers are sending a loud and clear message to Hollywood: make quality, original horror movies and we will come. This weekend, Zach Cregger’s “Weapons” topped the box office, grossing $42.5 million domestically. It’s the second

By Auzinea Bacon, CNN (CNN) — Many of Hollywood’s summer hits have shared one common formula, no matter what the genre: They are either remakes, sequels or part of a franchise. The strategy has mostly worked, as the domestic box office has effectively rebounded from a slow first quarter, grossing $3.26 billion since the first

By Bryan Mena, Sarah Dewberry, CNN (CNN) — Ike’s Chili in Tulsa, Oklahoma, has been around for 117 years, surviving a myriad of challenges like the Great Depression, the Covid-19 pandemic and a once-in-a-generation burst of inflation. But 2025 already holds an even more complicated challenge. “The cost of everything’s just going up, and we’ve

By Bryan Mena, CNN Washington (CNN) — President Donald Trump recently nominated one of his economic advisers to the Federal Reserve’s top ranks, but his next choice will be far more consequential. Plans for picking the next Fed chair are already taking shape. Trump on Thursday nominated White House economist Stephen Miran to temporarily fill

By John Towfighi, CNN New York (CNN) — The global gold market has been thrown into fresh turmoil after a US government agency indicated that bullion would not be exempt from tariffs. Imports of one kilo and 100-ounce gold bars are subject to reciprocal tariffs, according to a July 31 Customs and Border Protection letter

By Matt Egan, CNN (CNN) — Even though President Donald Trump often argues the US economy is booming under his watch, he warned Friday of a 1929-style crash if courts strike down his use of emergency powers to justify sweeping tariffs. “If a Radical Left Court ruled against us at this late date, in an

By Brian Stelter, CNN (CNN) — Paramount’s new CEO doesn’t seem to think he has a “South Park” problem. Rather, David Ellison sees the animated show as part of the solution for the battered media company. Ellison said he has been a fan of “South Park” creators Matt Stone and Trey Parker for his entire

By Lianne Kolirin, CNN London (CNN) — If you want to get away from it all, there can be few places more secluded than Thorne Island. Situated 3 nautical miles off the coast of Pembrokeshire in west Wales, United Kingdom, the private island is home to a 19th century fort. Extending to approximately 2.49 acres,

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump campaigned on lowering grocery prices during the 2024 race and pledged that Americans are “going to be affording their groceries very soon.” But grocery prices have continued to tick higher after the election, and Americans are starting to change their shopping behavior as they

By Matt Egan, CNN New York (CNN) — President Donald Trump’s sweeping tariff regime is generating so much revenue for the federal government that Washington could eventually return some of that windfall to taxpayers. Even though Trump’s historically high tariffs were designed to revive American manufacturing and to help chip away at the national debt,

CNN By Jeanne Sahadi, CNN (CNN) — President Donald Trump on Thursday signed an executive order that could make it easier for 401(k)s and other workplace retirement plans to offer employees the option of investing some of their savings in alternative investments including private equity, long the domain of institutional and “accredited” high-net-worth investors. The

By Bryan Mena, CNN Washington (CNN) — President Donald Trump said Thursday he is nominating Stephen Miran, a key voice in the push for the administration’s tariff policy and a critic of the Federal Reserve’s independence, to fill a vacancy at the Federal Reserve’s Board of Governors on a temporary basis. Miran is currently the