Money

By Phil Mattingly, CNN (CNN) — Three months later, President Donald Trump’s endgame for his once market-rattling tariffs was supposed to arrive tonight at midnight. But it won’t. As the clock rapidly ticked toward the long-standing July 9 end of Trump’s 90-day pause on soaring “reciprocal” tariff rates on more than 60 countries, Trump on

By Hadas Gold, CNN (CNN) — The brief détente between Elon Musk and President Donald Trump took its last breath over the weekend, as the billionaire and once top Republican donor announced he would form a new political party. Musk distanced himself from his former role as “first buddy” to the president, spending much of

By Elisabeth Buchwald and John Liu, CNN (CNN) — President Donald Trump cranked up the pressure Monday on America’s trading partners, firing off letters to heads of several countries, informing them of their new tariff rate. But at the same time, Trump took some of the edge off by signing an executive action Monday to

By John Towfighi, CNN New York (CNN) — US stocks fell Monday as President Donald Trump announced a flurry of tariffs on countries including Japan, South Korea and South Africa. The Dow closed lower by 422 points, or 0.94%. The S&P 500 fell 0.79% and the tech-heavy Nasdaq Composite fell 0.92%. The three major indexes

By Anna Cooban, CNN London (CNN) — Shares in Tesla plunged 6.79% Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from President Donald Trump. Shares in Tesla (TSLA) had dropped as much as 7.6% in premarket trading. The stock pared some of its earlier

By Vanessa Yurkevich, CNN (CNN) — Companies are increasingly turning to a Depression-era policy to avoid President Donald Trump’s tariffs, importing goods into designated US zones where they don’t have to pay tariffs until they want to. There are 374 foreign trade zones, or FTZs, across the United States, originally designed to help keep companies

By John Liu and Marc Stewart, CNN Hong Kong (CNN) — China’s government on Monday sidestepped a question on US President Donald Trump’s recent claim that he “pretty much” has a deal with Beijing to bring TikTok into American ownership and that talks with China over the popular short-video app could begin early this week.

By David Goldman, CNN (CNN) — President Donald Trump and his administration are racing to get trade deals done ahead of a self-imposed deadline, at which point tariffs are set to rise for dozens of countries across the world. News about the on-again, off-again tariffs has become such a daily fixture of the second Trump

By Auzinea Bacon, CNN (CNN) — Dinosaurs are alive and well at the box office as Universal’s “Jurassic World Rebirth” trampled competitors, grossing $147 million domestically over five days of the Fourth of July weekend. The fourth installment of the “Jurassic World” series outperformed early estimates of nearly $80 million for the three days and

CNN By Auzinea Bacon, John Liu and Simone McCarthy, CNN (CNN) — President Donald Trump has threatened new tariffs on any nation supporting “anti-American” policies of the BRICS group of emerging economies, as he announced tariff letters would be sent out to scores of countries from Monday, ahead of a key deadline. In a Truth

By Auzinea Bacon, John Liu and Simone McCarthy, CNN (CNN) — President Donald Trump has threatened new tariffs on any nation supporting “anti-American” policies of the BRICS group of emerging economies, as he announced tariff letters would be sent out to scores of countries from Monday, ahead of a key deadline. In a Truth Social

By Elisabeth Buchwald, CNN (CNN) — The 90-day deadline President Donald Trump set for countries to make trade deals with the United States or risk substantially higher tariffs is just days away. What will happen after that’s reached at 12:01 a.m. ET on July 9 is anyone’s best guess. The stakes could not be higher,

By Jordan Valinsky, CNN New York (CNN) — When the first Olive Garden opened in 1982 in Orlando, Florida, it was a disaster. Long lines formed to get inside. The cooks couldn’t make enough sauce to keep up with demand. Bells constantly rang, alerting the kitchen staff that a table was waiting more than 10

By Alicia Wallace, CNN (CNN) — Eighteen months ago, at around 7 p.m. practically every night, Chloe Lawson would start a four-mile walk to Subway, where she’d work the overnight shift, earning a buck above the $7.25 federal minimum wage. Eight hours later, the then 19-year-old would clock out and head back to find somewhere

By David Goldman and Kit Maher, CNN (CNN) — On April 9, President Donald Trump gave the world a three-month window to negotiate trade deals with the United States or face higher “reciprocal” tariffs. With just five days remaining in that tariff moratorium, the White House is expected to begin delivering a message to a

By Bryan Mena, CNN Washington (CNN) — Unemployment among Black Americans last month reached its highest level in more than three years, in stark contrast to the broader labor market’s resilience. The jobless rate for Black Americans climbed to 6.8% in June, the Labor Department said Thursday, up sharply from May’s 6% and the highest

By Nayeli Jaramillo-Plata, CNN (CNN) — As Americans celebrate 249 years of independence with fireworks and barbecues, many businesses will be closed for the day. The Fourth of July marks the birth of American independence, the day the Declaration of Independence was adopted in 1776. As a federal holiday, the Fourth means many government offices,

CNN By Nayeli Jaramillo-Plata, CNN (CNN) — As Americans celebrate 249 years of independence with fireworks and barbecues, many businesses will be closed for the day. The Fourth of July marks the birth of American independence, the day the Declaration of Independence was adopted in 1776. As a federal holiday, the Fourth means many government

By John Towfighi, CNN New York (CNN) — Stocks, bond yields and the dollar gained on Thursday after a strong jobs report soothed nerves about how the economy is faring during the early stages of President Donald Trump’s tariff campaign. After a shortened trading day in advance of Friday’s July Fourth holiday, the Dow closed

By Jordan Valinsky, CNN New York (CNN) — Costco has rolled out earlier shopping hours. But members will have to pay a bit more to access it. Cardholders of Costco’s priciest “Executive Member” plan, which costs $130 per year, can now exclusively enter warehouses beginning at 9 am through 10 am Sunday through Friday. On