Money

By David Goldman, CNN (CNN) — “It’s ultimately up to the president to decide.” That’s more or less the go-to line for Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and a host of other top Trump aides and White House officials when they share the administration’s plans for tariffs and trade negotiations. With the

By Liam Reilly, CNN (CNN) — Skydance Media needs the approval of President Donald Trump’s Federal Communications Commission in order to take over Paramount Global. It’s now promising to root out “bias” at CBS News in order to get it. In a pair of letters filed Tuesday with the FCC, Skydance committed to a post-merger

By Tami Luhby, CNN (CNN) — Starbucks’ coffee isn’t the only thing at the company that’s amped up. Its CEO, Brian Niccol, made a whopping 6,666 times more than the company’s typical employee last year, according to the AFL-CIO’s annual Executive Paywatch report, released Wednesday. It was the widest pay gap by far between the

By Chris Isidore, CNN (CNN) — The trade group representing the traditional Big Three US automakers is objecting to the US agreement with Japan, saying it would be unfair to American automakers and parts suppliers. The trade agreement announced Tuesday by the Trump administration would place 15% tariffs on imports from Japan, including autos and

By Lisa Eadicicco and Clare Duffy, CNN New York (CNN) — The Trump administration on Wednesday unveiled its AI action plan, a package of initiatives and policy recommendations meant to cement the United States as a global leader in a technology that’s expected to be as influential as the internet itself. The White House largely

By Jeanne Sahadi, CNN (CNN) — In comments to the press on Tuesday, President Donald Trump suggested he is considering eliminating capital gains taxes on the sale of homes. “We are thinking about … no tax on capital gains on houses,” Trump said. Soon afterwards, Rep. Marjorie Taylor Greene of Georgia posted her thanks to

By John Towfighi, CNN New York (CNN) — Six months into President Donald Trump’s second term, a quick glance at the stock market might offer a reassuring picture: The S&P 500 just closed above 6,300 points for the first time ever and has notched eight record highs in the past month. If you look at

By Chris Isidore, CNN (CNN) — Tesla’s troubles continued Wednesday as the company reported a double-digit drop in adjusted earnings for the second quarter, a fall that followed a record sales drop in the same period. The company’s adjusted net income, the measure most closely followed on Wall Street, fell $419 million from one year

CNN, POOL, @REALDONALDTRUMP , TRUTH SOCIAL, CBC, @realDonaldTrump / Truth Social By Kit Maher and Elisabeth Buchwald, CNN (CNN) — President Donald Trump announced a long-awaited trade agreement with Japan on Tuesday night, a framework between allies and major trading partners that appeared elusive just weeks ago. “I just signed the largest trade deal in

By John Liu, CNN Hong Kong (CNN) — China recently banned a foreign Wells Fargo executive and a United States government employee from leaving its territory, spotlighting its opaque judicial and security system and rekindling concerns over the risks facing foreign companies and nationals operating there. Exit bans are a common practice employed by the

By Kit Maher and Elisabeth Buchwald, CNN (CNN) — President Donald Trump announced a long-awaited trade agreement with Japan on Tuesday night, a framework between allies and major trading partners that appeared elusive just weeks ago. “I just signed the largest trade deal in history; I think maybe the largest deal in history with Japan,”

By Clare Duffy, CNN New York (CNN) — OpenAI CEO Sam Altman says the world may be on the precipice of a “fraud crisis” because of how artificial intelligence could enable bad actors to impersonate other people. “A thing that terrifies me is apparently there are still some financial institutions that will accept a voice

By Ramishah Maruf, CNN New York (CNN) — Your Kit Kat bar and Reese’s Peanut Butter Cups are officially getting pricier. Hershey told its retail partners it is raising prices by a percentage in the “lower double-digit range” over what its chocolate products cost over the past couple years, a company spokesperson confirmed to CNN.

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement. Shortly after, he also revealed more detailed terms of an agreement with Indonesia. Both agreements call for 19% tariffs on goods the US imports from the two countries, paid by

By Matt Egan, CNN New York (CNN) — The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege. President Donald Trump’s relentless attacks on Federal Reserve Chair Jerome Powell are so intense that one prominent economist is raising eyebrows by arguing that Powell should quit to protect the

By Chris Isidore, CNN (CNN) — Tariffs on imported cars and auto parts cost General Motors $1.1 billion in the second quarter, the nation’s largest automaker said Tuesday. That hit to its bottom line was largely responsible for a 21% drop in net income for the period. The company said it expects tariffs to cost

By Alicia Wallace, CNN (CNN) — President Donald Trump’s tariffs on Brazil could push up the cost of orange juice at major American supermarkets like Aldi, Walmart and Wegmans by as much as 25%, according to one US-based orange juice importer. Johanna Foods, a US-based importer and seller of orange juice, has sued the Trump

CNN By Liam Reilly, CNN (CNN) — Jon Stewart pulled no punches Monday over CBS’s cancellation of Stephen Colbert’s late-night show. During Monday night’s broadcast of “The Daily Show,” Stewart’s first since Colbert on Thursday shared that “The Late Show” would not return beyond May 2026, the late-night veteran lambasted CBS for canceling the program.

By Jordan Valinsky, CNN New York (CNN) — Target is changing a roughly decade-old policy that let customers save some extra cash. The retailer is altering its “price match” policy, which allowed customers to request and receive a refund for the difference of a product if the shopper found the identical item cheaper at Amazon,

By Brian Stelter, CNN (CNN) — Stephen Colbert gained a little help from his friends and late-night rivals on Monday, his first night back on “The Late Show” since announcing that CBS is ending the legendary show. NBC’s Jimmy Fallon, HBO’s John Oliver, and Comedy Central’s Jon Stewart were among the faces in the “Late