Money

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart thought it could use its immense power as America’s biggest retailer to make Chinese suppliers eat the cost of President Donald Trump’s tariffs. But Walmart got a response it’s not accustomed to hearing: No. Trump has slapped 20% tariffs — or taxes on imported goods —

By Juliana Liu, CNN (CNN) — Gene testing firm 23andMe said on Sunday it had filed for Chapter 11 bankruptcy protection in order to facilitate its sale, after years of struggling to find a sustainable business model. In a statement announcing the bankruptcy, the firm said its CEO, Anne Wojcicki, had resigned effective immediately. She

By Auzinea Bacon, CNN (CNN) — Disney’s “Snow White,” a big-budget live-action retelling of the classic fairytale, opened to a sleepy $43 million at the domestic box office this weekend amid a slew of controversies. Early industry estimates predicted “Snow White,” which cost around $270 million to make, would take in $48-$58 million in its

By Jeanne Sahadi, CNN (CNN) — It’s not even April, yet 2025 already has been a lot. Like, a lot. Events in the United States have given people reason to worry about many things, including their financial security in the face of big changes over which they have zero control. The first half of January

By Auzinea Bacon, CNN (CNN) — Elon Musk’s role in slashing federal government staffing and budgets as the head of the so-called Department of Government Efficiency continues to draw backlash, as nearly 90 Tesla showrooms across the United States face demonstrations Saturday in the fifth week of the “Tesla Takedown” movement. The demonstrations, according to

CNN, WANF, TESLA, WQOW, POOL, JOHN HARRINGTON, KVUU, LMPD, SDOT, TIGARD POLICE DEPT By Auzinea Bacon, CNN (CNN) — Elon Musk’s role in slashing federal government staffing and budgets as the head of the so-called Department of Government Efficiency continues to draw backlash, as nearly 90 Tesla showrooms across the United States face demonstrations Saturday

By Samantha Delouya, CNN Los Angeles (CNN) — Last week, President Trump threatened to impose a jumbo 200% tariff on all wine, Champagne and other alcoholic products from the European Union, writing on social media: “This will be great for the Wine and Champagne businesses in the U.S.” But many winemakers and grape growers in

By Liam Reilly, CNN New York (CNN) — A budding media start-up producing a culinary docuseries has been stuck in limbo for months. After being approved for USAID funding, the show’s co-founders discovered that the agency’s money never cleared — and now the Trump administration is caught in a legal battle to dismantle USAID. Styling

By Lex Harvey, CNN (CNN) — Muhammad Syafi’i remembers screaming in pain as hot cooking oil splashed across his stomach and dripped down his legs, his wet clothing sticking to his torched skin as it began to bubble and swell. Like many poor Indonesian men, he had signed up to work abroad in the fishing

By John Towfighi, CNN New York (CNN) — The US stock market has been the gold standard for decades. But investors around the globe are growing increasingly nervous about the fallout from President Donald Trump’s economic agenda. That has sent traders in search of stocks in Europe and Asia. Wall Street has seen the largest

By Natasha Chen, CNN (CNN) — Thousands of liters of Italian sparkling wine, ordered before President Donald Trump’s tariff threats, are on a boat headed to the United States. Before the wine is unloaded and handed to its recipients, they may need to pay a tariff bill big enough to put a kid through college.

By Jordan Valinsky, CNN New York (CNN) — Buy Now, Pay Later services are typically used on large purchases, like furniture. But now one service is branching out into fast food. DoorDash is partnering with Klarna, a financial company that lets customers schedule small payments over a set period of time, in a new partnership

By Alicia Wallace, CNN (CNN) — The odds of a recession in the US may be creeping higher — but those rising risks do not mean a deep economic downturn is a foregone conclusion. Still, that hasn’t stopped markets from being roiled and consumer and business confidence from being shaken, especially after President Donald Trump

By John Liu, CNN (CNN) — With London’s Heathrow Airport shut Friday, global air travel is expected to be disrupted for days, potentially costing the airline industry hundreds of millions of dollars. The chaos in air travel caused by a fire at an electrical substation supplying the airport could last days, according to aviation experts.

By Kit Maher and John Liu, CNN (CNN) — President Donald Trump signed an executive order on Thursday aimed at immediately increasing American production of critical minerals like uranium, copper, potash and gold by invoking the Defense Production Act to expand leasing and development on federal lands. The move is intended to help the US

By Liam Reilly, CNN (CNN) — The same day Vivian Jenna Wilson, Elon Musk’s estranged daughter, published her second-ever interview with a media outlet, the billionaire media mogul used his X platform to insinuate trans people are behind reports of attacks on Teslas. During her interview with Teen Vogue, Wilson said she doesn’t “give a

By Jessie Yeung and Yoonjung Seo, CNN Seoul, South Korea (CNN) — Several international brands including luxury house Prada have cut ties with South Korean superstar actor Kim Soo Hyun after he became embroiled in controversy this month over the nature of his relationship with late actress Kim Sae-ron. Kim Soo Hyun, one of the

By Clare Duffy, CNN New York (CNN) — Former Facebook executive-turned-whistleblower Sarah Wynn-Williams says Meta is blocking her from speaking to Congress about her experiences at the company. This arises from arbitration proceedings with the company after Wynn-Williams published her memoir “Careless People,” detailing her time at the social media giant, earlier this month. Meta

By Nathaniel Meyersohn, CNN New York (CNN) — Nike is in a major slump. The company’s global sales dropped 9% last quarter, including a 17% drop in China, Nike said Thursday. In North America, Nike’s largest market, sales dropped 9%. But the results weren’t as bad as investors feared: Nike’s stock (NKE) inched up 4%

By Jordan Valinsky, CNN New York (CNN) — The Boston Celtics, one of the most successful NBA teams in history, has sold for $6.1 billion, marking the largest sale of a sports franchise in North America. An investor group led by William Chisholm, a billionaire who amassed much of his wealth from private equity, is