Money

By Chris Isidore, CNN New York (CNN) — Gasoline prices are coming down, and President Donald Trump is happy to take credit for that. But he has little to do with it, experts say, and his policies could make it more expensive to increase domestic oil production from already record levels. The price of a

By Elisabeth Buchwald, CNN (CNN) — It’s easy for Americans to think President Donald Trump’s aluminum and steel tariffs won’t affect them. Most of us aren’t shopping for raw metals, after all. Yet the 25% tariffs rolled out on Wednesday could still manage to dent consumers’ wallets. From cans for food, beer and soda to

By John Liu and Juliana Liu, CNN Hong Kong (CNN) — Walmart is getting caught in the middle of an escalating trade war between the United States and China. Chinese officials confirmed on Thursday they had met with executives from the US retail giant, following a news report that it had pressured its suppliers in

By Samantha Delouya, CNN (CNN) — Two months ago, JPMorgan Chase CEO Jamie Dimon had a curt message for people protesting President Donald Trump’s tariff policy: “Get over it.”“Get over it.” But with stock markets lower and cracks appearing to form in the US economy, Dimon himself might not be over it. “I don’t think

By Clare Duffy, CNN New York (CNN) — Intel has named a new chief executive, as the chipmaking giant attempts to recover from several bruising years that saw the one-time industry leader fall behind most of its rivals. The company announced Wednesday that it has named longtime tech investor and semiconductor industry executive Lip-Bu Tan

By Reuters (CNN) — The US Federal Trade Commission asked a federal court in Seattle on Wednesday to delay a September trial in its case alleging Amazon misled consumers over its Prime subscription service, citing “severe resource shortfalls in terms of both money and personnel.” Jonathan Cohen, an attorney for the FTC, told US District

By Vanessa Yurkevich, CNN New York (CNN) — There may be some cracks forming in the egg market. For the past several months, consumers have been faced with a hard reality: Fewer eggs at higher prices. But in the first week of March, prices for wholesale loose eggs fell by $1.20, averaging about $6.85 a

By Bryan Mena and Kayla Tausche, CNN Washington (CNN) — Larry Fink, chief executive of BlackRock, the world’s largest asset manager, said Wednesday that the Trump administration’s barrage of policy changes is paralyzing American consumers and businesses — and that’s already hurting the economy. “The collective impact in the short run is that people are

By Liam Reilly, CNN New York (CNN) — Ruth Marcus, who recently resigned as a Washington Post columnist after four decades, said she parted ways with the paper following a spiked opinion piece on the paper’s billionaire owner because her job is to tell readers “what I think, not what Jeff Bezos thinks I should

By Matt Egan and Jordan Valinsky, CNN New York (CNN) — The US spirits industry is bracing for pain after the European Union targeted American whiskey in retaliation against President Donald Trump’s steel and aluminum tariffs. The EU’s decision to spike tariffs on American whiskey to 50% is “deeply disappointing and will severely undercut the

By Jordan Valinsky, CNN New York (CNN) — Roomba’s parent company is warning that its future is on shaky ground, more than a year after a planned $1.7 billion acquisition by Amazon fell through. iRobot (IRBT), a maker of robotic vacuum cleaners, has “substantial doubt about the company’s ability to continue,” it revealed in its

By Nathaniel Meyersohn, CNN New York (CNN) — American consumers – and their wallets – are the engine of the economy. But they’re now showing the strain of inflation, President Donald Trump’s tariffs and a stock market plunge. That’s a problem because consumer spending accounts for roughly 70% of the US economy. Consumers proved resilient

By John Liu, CNN (CNN) — Elon Musk has secured a major win in India by signing two back-to-back deals to bring SpaceX’s Starlink satellite internet services to the country. The country’s top telecoms provider Reliance Jio, owned by Indian billionaire Mukesh Ambani, said on Wednesday it had inked a deal with SpaceX. “Jio will

CNN By Elisabeth Buchwald, CNN (CNN) — President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans.

By Clare Duffy, CNN New York (CNN) — Meta is once again facing allegations from a former employee that a growth-at-all-costs culture has caused offline harm. A new book called “Careless People,” published Tuesday by former executive-turned-whistleblower Sarah Wynn-Williams, provides a detailed account of her six years at the company, offering an insider’s perspective into