Money

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump said Treasury Secretary Scott Bessent is no longer being considered as a replacement for Jerome Powell as Federal Reserve Chair. “I love Scott, but he wants to stay where he is,” Trump said Tuesday in a CNBC interview. “I’ll take him off, because I asked him

CNN By Elisabeth Buchwald, Michael Rios, CNN (CNN) — President Donald Trump said on Monday that he will “substantially” raise tariffs on India because it’s still buying Russian oil. “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for

By Elisabeth Buchwald, Michael Rios, CNN (CNN) — President Donald Trump said on Monday that he will “substantially” raise tariffs on India because it’s still buying Russian oil. “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big

By Liam Reilly, CNN (CNN) — The New York Post is heading west. The tabloid’s ownership announced that it will launch a sister publication, The California Post, in early 2026. Based out of Los Angeles, the new tabloid will operate separately under the New York Post Media Group, a Murdoch-owned News Corp subsidiary that houses

By Jordan Valinsky, CNN New York (CNN) — Tesla’s board is giving CEO Elon Musk another huge pay day. The company’s latest CEO pay package, worth about $29 billion, comes several months after a Delaware court rejected for a second time Musk’s 2018 performance award following a shareholder lawsuit. Musk is currently appealing the order.

By Nathaniel Meyersohn, CNN New York (CNN) — The Trump administration declared victory after Kraft Heinz, Skittles and General Mills made splashy announcements to remove artificial colors — even taking credit for Coca-Cola’s plan to replace high-fructose corn syrup with US cane sugar in a new version this fall. “President Trump delivers on MAHA (Make

By Tami Luhby, Jeanne Sahadi, CNN (CNN) — The Trump administration will soon stop sending out paper checks for Social Security beneficiaries, as part of an effort to fully modernize federal benefits payments. That means a little over half a million recipients — or 0.8% of all the program’s beneficiaries — must now choose another

By Lisa Eadicicco, CNN (CNN) — In 2013, Motorola tried to claw its way into a bigger share of a smartphone market dominated by Apple and Samsung with four words: Made in the USA. “There was a segment of customers that said, ‘Hey, if you produce products in the United States, I’m more likely to

By Chris Isidore, CNN (CNN) — Boeing on Monday was hit with its second strike in less than a year, as 3,200 hourly machinists walked off their aerospace jobs in the St. Louis area. Members of the International Association of Machinists (IAM) voted to authorize a strike at three defense plants starting Monday at 12:59

By David Goldman, CNN (CNN) — President Donald Trump claimed without evidence that the massive revisions to the latest jobs report constituted a “scam,” accusing one of the top overseers of government statistics of cooking the books in a vendetta against his presidency. “In my opinion, today’s Jobs Numbers were RIGGED in order to make

By Reuters (CNN) — OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential supply disruptions linked to Russia. The move marks a full and early reversal of OPEC+’s largest tranche of

By Auzinea Bacon, Samantha Waldenberg, CNN (CNN) — President Donald Trump on Sunday told reporters his administration will be announcing a new commissioner of the Bureau of Labor Statistics “over the next three, four days,” after he fired the previous one. “We’ll be announcing a new statistician sometime over the next three, four days. We

By Elizabeth Wagmeister, CNN (CNN) — After weeks of growing calls to pull Huda Beauty products from its stores, Sephora has acknowledged that is “actively reviewing” anti-Israel comments made by the mega-popular beauty brand’s founder, Huda Kattan. Last week, TikTok removed an antisemitic video posted by the celebrity beauty mogul and influencer. Kattan, the founder

By Ramishah Maruf, CNN New York (CNN) — President Donald Trump last week suspended a global trade loophole allowing smaller parcels into America duty-free. This closes a backdoor into the United States for Chinese mega-shippers like Shein and Temu, who could potentially pass the cost of those duties down to consumers. Trump eliminated the so-called

By Tami Luhby, CNN (CNN) — Ever since President Donald Trump started promising to slap tariffs on pharmaceutical imports, drugmakers have unveiled a flurry of commitments to build or expand US manufacturing operations in the coming years. AstraZeneca is investing $50 billion to expand its drug manufacturing in the US. Johnson & Johnson is pouring

By Auzinea Bacon, CNN (CNN) — Warren Buffett’s Berkshire Hathaway on Saturday reported operating earnings for the second quarter fell 3.79% from the same time last year. It’s the company’s first earnings report since Buffett, 94, announced his plans to step down as chief executive at the end of the year and named Greg Abel,

By Jordan Valinsky, CNN New York (CNN) — In 1986, Doritos released “Cool Ranch” chips, which has since became one of the brand’s most popular flavors, selling tens of millions of bags and spawning spinoffs from taco shells to popcorn. Nearly 40 years later, the PepsiCo-owned tortilla chips maker thinks it’s found the next big

By Bryan Mena, CNN Washington (CNN) — A member of the Federal Reserve’s Board of Governors announced Friday that she is resigning several months before the end of her term, handing President Donald Trump an early opportunity to fill a key vacancy. Fed Governor Adriana Kugler is stepping down from her role, effective August 8.

By Reuters (CNN) — A Florida jury on Friday found Tesla liable in the 2019 fatal crash of an Autopilot-equipped Model S, and ordered Elon Musk’s automaker to pay $329 million to the family of a deceased woman and an injured survivor. Jurors in Miami federal court ordered Tesla to pay $129 million in compensatory