Money

By Elisabeth Buchwald, CNN (CNN) — Need a new computer, television or phone? You might want to consider getting one now. That’s because President Donald Trump enacted a new 10% across-the-board tariff on Chinese goods Tuesday morning. Economists warn that tariffs hurt American businesses and consumers, many of whom are still reeling from the sharp

By Jordan Valinsky, CNN New York (CNN) — The soaring price of eggs has forced Waffle House to add a temporary surcharge on customers’ orders. The Georgia-based chain is adding a 50-cent charge per egg because of the “nationwide rise in cost of eggs,” according to signs posted at its restaurants. An aggressive strain of

By Matt Egan, CNN New York (CNN) — Lower-income Americans are likely to feel the brunt of the unprecedented tariffs President Donald Trump has set in motion. The cost to lower-income families is magnified because economists say essentials like food, energy and auto parts are most exposed to the import tariffs Trump has threatened to

By Elisabeth Buchwald, CNN New York (CNN) — Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three largest trading partners — Mexico, China and Canada — on Tuesday. These tariffs risk making a wide

By Simone McCarthy, CNN Hong Kong (CNN) — Beijing announced a broad package of economic measures targeting the United States on Tuesday, hitting back after US President Donald Trump imposed 10% tariffs on Chinese imports. The fresh duties, announced by China’s Ministry of Finance, levy a 15% tax on certain types of coal and liquefied

By Samantha Delouya, CNN (CNN) — State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation after destructive Los Angeles wildfires last month. In a letter to California’s Commissioner of Insurance, Ricardo Lara, State Farm said it

By Clare Duffy, CNN New York (CNN) — President Donald Trump said Monday that TikTok could be acquired by a newly proposed US sovereign wealth fund. The statement was light on details, but Trump said that TikTok could be “put in” the possible sovereign wealth fund, to preserve access to the popular short-form video app

By Brian Stelter, CNN (CNN) — The Trump administration’s request for the raw material of a “60 Minutes” segment is raising red flags across the media industry. The segment in question is last October’s interview with then-Vice President Kamala Harris. President Trump sued CBS in a federal court alleging that the interview was deceptively “doctored”

By Chris Isidore, CNN New York (CNN) — The tariff on products imported from Canada will cost Americans 15 cents a gallon or more at the gas pump relatively soon. That’s not as much of a price hike as we could have seen. Tariffs on US imports from Canada and Mexico were announced Saturday by

By Nathaniel Meyersohn and Eva McKend, CNN New York (CNN) — Target was one of corporate America’s most forceful supporters of diversity and inclusion initiatives and vowed to support Black Americans in the aftermath of George Floyd’s murder by police in Target’s home city of Minneapolis in 2020. But less than five years later, Target

By Ross Adkin and Olesya Dmitracova, CNN Hong Kong/London (CNN) — Stock markets in Asia and Europe slumped Monday after Donald Trump slapped tariffs on Canada, Mexico and China, sparking fears over another bruising ‘America First’ trade war that could hit global economic growth. US stocks were also set for a selloff, based on falls

By Auzinea Bacon, CNN (CNN) — US stock market futures plunged Sunday, one day after President Donald Trump announced 25% tariffs on Canada and Mexico and 10% tariffs on China set to go into effect on Tuesday. Dow futures were down 1.4%, or over 600 points, while S&P 500 futures dropped 1.9%. The futures traded

By Ramishah Maruf, CNN New York (CNN) — When the world is in turmoil, it’s easy to impulse buy. The sentiment has long been pushed on social media — a quick run to HomeGoods or Target, clicking an Amazon affiliate link, or just keeping up with the latest item drops. Many Americans, especially female content

CNN By Chris Isidore, CNN New York (CNN) — The tariff on products imported from Canada will cost Americans 15 cents a gallon or more at the gas pump relatively soon. That’s not as much of a price hike as we could have seen. Tariffs on US imports from Canada and Mexico were announced Saturday

By Alicia Wallace and Elisabeth Buchwald, CNN (CNN) — On Saturday, President Donald Trump made good on his promise to impose steep tariffs on America’s three largest trading partners — Canada, China and Mexico — citing a national emergency on the flow of fentanyl and undocumented immigrants into the United States. The action, which is