Money

By Elisabeth Buchwald, CNN (CNN) — On paper, the American job market appears to be on relatively strong ground. Last month, employers hired 115,000 new workers, nearly double what economists forecast. And, at 4.3%, the unemployment rate is still at a historic low. But surveys and other sources of labor market data indicate that Americans

By Brian Stelter, CNN (CNN) — ABC is accusing the Trump administration’s media regulator of threatening broadcasters’ First Amendment rights. In an extraordinary legal letter to the Federal Communications Commission, the network accuses the agency of threatening “to upend decades of settled law and practice and chill critical protected speech.” At issue, specifically, is “The

By Bryan Mena, CNN Washington (CNN) — Consumer sentiment continued to decline this month, reaching a fresh record low as the war in Iran drags on, keeping energy prices elevated. The University of Michigan’s latest consumer survey, released Friday, showed sentiment fell early this month to a preliminary reading of 48.2, the lowest on records

By Alicia Wallace, CNN (CNN) — The US economy added a stronger-than-expected 115,000 jobs last month and the unemployment rate stayed at 4.3%, an indication of resilience at a time when war and high gas prices loom large. April’s employment gains mark an expected retreat from March, when a revised 185,000 jobs were created, boosted

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump’s 10% across-the-board tariffs are in jeopardy after a federal court ruled them illegal on Thursday, dealing a second major blow this year to the president’s signature economic policy. In a 2-1 ruling, the panel of judges at the US Court of International Trade found the administration

By Hadas Gold, CNN (CNN) — Shivon Zilis was an under-the-radar executive at Elon Musk’s companies and an OpenAI board member back in 2022. But she was hiding a major secret – Musk was the father of her twins born the year before. Now, her ties to the Tesla CEO have put her at the

By Lisa Eadicicco, CNN (CNN) — Google wants to be your go-to fitness coach and wellness adviser… even if you have an Apple Watch. The tech giant announced a slew of health updates on Thursday that put its AI coach front and center, part of a broader strategy to compete with OpenAI, Microsoft and a

By Nathaniel Meyersohn, CNN New York (CNN) — New York City Mayor Zohran Mamdani stood outside a luxury skyscraper in Manhattan for a video on Tax Day to deliver on his trademark plan: “We’re taxing the rich.” The skyscraper, located on ritzy Central Park South and built at a cost of $1.5 billion, seemed a

By Alicia Wallace, CNN (CNN) — When the April jobs report is released Friday morning, it is expected to show that the US labor market added 67,000 positions. If so, that’s roughly one-third of the 178,000 jobs created in March. While in comparison the April total may seem like a sharp deceleration or a tepid

By Matt Egan, CNN New York (CNN) — Shirley Modlin started her manufacturing business 20 years ago in her garage with her husband. Now, she fears the company won’t survive. Modlin’s tiny company based in Powhatan, Virginia, faces major delays on components and price hikes of up to 400% that she blames on tariffs. She

By Bryan Mena, CNN Washington (CNN) — Tension is building among the policymakers tasked with wrangling inflation as the economic effects of the US-Israeli war with Iran broaden. When Federal Reserve officials convened on March 17-18, just a few weeks after the war broke out, Chair Jerome Powell said any effects on inflation would likely

By John Towfighi, CNN (CNN) — The US stock market isn’t the only market that’s rebounded to record highs. Stock indexes in Taiwan, South Korea and Japan have clinched fresh records in recent trading sessions, bouncing back after tumbling in March. Asian countries are heavily reliant on oil imports from the Middle East that have

By Vanessa Yurkevich, CNN (CNN) — For tens of thousands of seafarers on the 1,600 ships stuck in the Strait of Hormuz, “Project Freedom” was anything but. President Donald Trump’s operation to “guide” ships through the strait lasted just 48 hours. Only two ships were guided through. Now, shipping companies and stranded seafarers are again

By Brian Stelter, CNN (CNN) — Banks scoffed. Potential partners rejected him. Newspaper owners mocked the idea. But Ted Turner persevered and won. Turner faced an extraordinary uphill battle to launch CNN in 1980. Before the network became an institution, a shorthand for 24/7 breaking news around the world, it was a dare that many

By Nathaniel Meyersohn, CNN New York (CNN) — No one likes higher taxes. But New York City Mayor Zohran Mamdani’s plan to tax wealthy residents’ second homes has elicited a highly emotional response from two of the city’s richest. “Creepy and weird,” is what Ken Griffin had to say Tuesday at a conference about Mamdani’s

By Chris Isidore, CNN (CNN) — Jet fuel prices nearly doubled. Airlines cut flights. Travelers were still buying tickets. That was already a pretty good recipe for higher airfares. And then, Spirit Airlines went out of business. Passengers were already paying more to fly – even before the industry lost the budget airline famous for

By Jordan Valinsky, CNN New York (CNN) — Sweetgreen is hoping to lure back cash-strapped desk workers who have grown tired of its salads with sandwiches. The chain will begin selling chicken wraps — four versions priced under $15 — on Wednesday, marking Sweetgreen’s latest effort to revive sales and shake the perception that it’s

By Hadas Gold, CNN (CNN) — Google, Microsoft and xAI will share unreleased versions of their AI models with the government to curb cybersecurity threats, the National Institute of Standards and Technology announced on Tuesday. The partnership comes after Anthropic’s powerful new Mythos AI model pushed concerns about AI’s impact on cybersecurity to a tipping

By Liam Reilly, CNN (CNN) — The Equal Employment Opportunity Commission sued The New York Times on Tuesday, escalating a months-long investigation into the newsroom and advancing a discrimination case the paper has cast as politically motivated. The lawsuit, filed in the US District Court for the Southern District of New York, was brought on

By Brian Stelter, CNN (CNN) — James Murdoch may be the next owner of New York magazine and Vox Media’s podcast network. Murdoch’s investment company, Lupa Systems, is in talks to acquire the assets for $300 million or more, two people with knowledge of the discussions told CNN. It is unclear if there are active