Money

By John Towfighi and Matt Stiles, CNN (CNN) — The US stock market has been on a rollercoaster during President Donald Trump’s second term. The S&P 500 posted its third-worst 100-day start to a presidential term in US history, only behind Gerald Ford and Richard Nixon. The S&P 500 initially surged after Trump’s reelection in

By Nathaniel Meyersohn, CNN New York (CNN) — Diversity, equity and inclusion (DEI) has been losing with corporate America, with one big exception: the people who actually own the companies. This year, investors at some of America’s biggest companies — Costco, Apple, Levi’s, John Deere, Goldman Sachs and others — have overwhelmingly voted against proposals

By Bryan Mena, CNN Washington (CNN) — America’s long-resilient job market continues to defy expectations — even in the wake of swirling uncertainty. The US economy added a surprisingly strong 177,000 jobs in April, a slight slowdown from March’s downwardly revised 185,000 gains, according to Bureau of Labor Statistics data released Friday. April’s gain was

By John Liu and Lisa Eadicicco, CNN (CNN) — Tariffs could add $900 million to Apple’s costs this quarter, Apple CEO Tim Cook said on Thursday, as he revealed the tech giant was shifting production of iPhones sold in the United States from China to India. “Assuming the current global tariff rates, policies, and applications

By Brian Stelter and Clay Voytek, CNN (CNN) — President Donald Trump signed an executive order Thursday directing the Corporation for Public Broadcasting to end federal funding for America’s two biggest public broadcasters, which have faced a series of attacks from the White House and Republican lawmakers accusing them of biased reporting. The order instructs

By Elisabeth Buchwald and Ramishah Maruf, CNN New York (CNN) — Many Americans might not have felt major effects from President Donald Trump’s sweeping tariffs — until now. That’s because a major shipping loophole expired at one minute past midnight on Friday. The de minimis exemption, as it’s known, allowed shipments of goods worth $800

By John Liu, CNN Hong Kong (CNN) — China says it is “currently assessing” proposals by the United States to begin trade talks, in a subtle tone shift that could open the door for negotiations. A spokesperson for China’s Commerce Ministry said in a Friday statement that “the US has recently sent multiple messages to

By Alexandra Skores, CNN Washington, DC (CNN) — Driverless trucks are officially running their first regular long-haul routes, making roundtrips between Dallas and Houston. On Thursday, autonomous trucking firm Aurora announced it launched commercial service in Texas under its first customers, Uber Freight and Hirschbach Motor Lines, which delivers time- and temperature-sensitive freight. Both companies

By Ramishah Maruf, CNN New York (CNN) — Maroš Šefčovič, the European Union’s trade commissioner, said in an interview with the Financial Times Thursday that the bloc is making “certain progress” toward a trade deal with the United States, which would involve buying €50 billion more of US products. This deal would address the “problem”

By Hadas Gold, CNN (CNN) — Elon Musk has told his followers on X, “You are the media now.” Since joining the Trump administration, he has eschewed interviews with outlets he perceived as unfriendly, preferring to stay within the safe spaces of Fox News, conservative podcasts and his own social-media conversations. But as the Wall

CNN By Chris Isidore, CNN (CNN) — The Trump administration’s tariffs on imported cars and auto parts will cost General Motors between $4 billion and $5 billion this year. But in an interview on CNN, CEO Mary Barra said the company doesn’t necessarily expect to pass those higher costs onto consumers in the form of

By Jordan Valinsky, CNN New York (CNN) — Kohl’s has fired its newly installed CEO, who has spent less than five months in the position, after the retailer found that Ashley Buchanan engaged in unethical behavior. Buchanan’s dismissal was “for cause,” a rare rebuke of a business leader that carries serious weight in the business

By Alicia Wallace, CNN (CNN) — It all comes down to the job market. President Donald Trump’s drastic policy moves, and the twists and turns that have come alongside them, have made economic forecasting a squirrely endeavor. The sheer uncertainty of what’s to come has put markets on the fritz and sent soft data (like

By Jordan Valinsky, CNN New York (CNN) — McDonald’s sales dropped in the beginning of the year, marking the second consecutive quarter of declines as customers pull back their spending amid economic uncertainty. In the United States, its largest market, same-store sales dropped 3.6% — the chain’s worst drop since 2020 during the height of

By David Goldman, CNN (CNN) — Another day, another piece of evidence that President Donald Trump’s escalating trade war with friends and foes is hurting the global economy. Today: Japan’s central bank cut its economic growth forecast for the country in half. The Bank of Japan on Thursday lowered its expectations for 2025 gross domestic

By Clare Duffy, CNN New York (CNN) — A pair of Republican lawmakers are set to propose a new law that would require app stores to verify the ages of all users and share that information with app developers, following a similar state law that was signed in Utah earlier this year. If passed, the

By Jordan Valinsky, CNN New York (CNN) — Subway’s footprint in the United States has shrunk again, falling below 20,000 for the first time in two decades. The sandwich chain closed 631 restaurants in 2024, leaving it with 19,502 locations in the US, according to franchise disclosure documents. That marks the eighth-consecutive year in which

By Chris Isidore, CNN (CNN) — The Trump administration’s tariffs on imported cars and auto parts will cost General Motors between $4 billion and $5 billion this year. But in an interview on CNN, CEO Mary Barra said the company doesn’t necessarily expect to pass those higher costs onto consumers in the form of elevated

By Jeanne Sahadi, CNN (CNN) — The first 100 days of the second Trump administration upended a lot of things — not least of which was what investors, businesses and consumers thought they knew about the US economy. As a result of President Donald Trump’s punitive tariffs regime, economists across the ideological spectrum say the

By Vanessa Yurkevich, CNN New York (CNN) — Some of the last cargo ships carrying Chinese goods without crippling tariffs are currently drifting into US ports. Come next week, though, that will change. Cargo on ships from China loaded after April 9 will carry with them the 145% tariff President Donald Trump slapped on goods