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By Chris Isidore, CNN (CNN) — US tariffs on steel and aluminum doubled to 50% as of 12:01 am ET on Wednesday, a move cheered by the beleaguered American steel industry but worrisome to sectors that heavily use the metals, from car makers to can manufacturers. The jump in import taxes is the latest salvo

CNN, POOL, OECD REPORT By Chris Isidore, CNN (CNN) — US tariffs on steel and aluminum doubled to 50% as of 12:01 am ET on Wednesday, a move cheered by the beleaguered American steel industry but worrisome to sectors that heavily use the metals, from car makers to can manufacturers. The jump in import taxes

By Samantha Delouya, CNN (CNN) — Warner Bros. Discovery shareholders voted on Tuesday to reject the pay packages for several of the company’s executives, including CEO David Zaslav’s compensation package of more than $50 million. Nearly 60% of the symbolic vote was against the 2024 executive payouts at Warner Bros. Discovery’s annual meeting, according to

By Brian Stelter and Liam Reilly, CNN (CNN) — America’s two big public broadcasters, PBS and NPR, have 45 days to salvage their federal funding — starting now. On Tuesday, the Trump administration sent Congress a long-awaited request for lawmakers to cancel more than $1 billion in federal funds earmarked for the Corporation for Public

By Ramishah Maruf, CNN New York (CNN) — A month after the 2018 mass school shooting in Parkland, Florida, Citigroup enacted restrictions for its clients that sold firearms — the first major bank on Wall Street to do so. On Tuesday, the bank rolled back that policy. “We also will no longer have a specific

By John Towfighi, CNN New York (CNN) — The US is at a low risk of an imminent debt crisis — but high risk in the long term, billionaire investor Ray Dalio writes in a new book. The US government debt situation is “nearing the point of no return” and approaching a “death spiral” that

By Ramishah Maruf, CNN New York (CNN) — McDonald’s is bringing back a long-requested, cult favorite food item: the Snack Wrap. “It’s back,” the company said in a two-word statement Tuesday, echoing the words of another Chicago symbol, Michael Jordan, in his NBA comeback fax. The wrap will return to McDonald’s menus on July 10

By Nathaniel Meyersohn, CNN New York (CNN) — Middle-class and wealthier Americans are heading to Dollar General. That’s benefiting the company, but it could be a warning sign for the wider economy. Dollar General said Tuesday that sales at stores open for at least a year had increased 2.4% last quarter. The discount chain also

By Anna Cooban, CNN London (CNN) — President Donald Trump’s trade war will wreak greater economic damage than previously expected, both in the United States and everywhere else, according to new forecasts by the Organisation for Economic Co-operation and Development. In a report Tuesday, the group of 38 mostly wealthy nations sharply downgraded its 2025

By Anna Cooban, CNN London (CNN) — Kevin and Jessica Cellura had just 48 hours in December to make an enormous family decision. The couple, who both work as teachers, had to decide if they should take a job offer to teach in Morocco and leave Asheville, North Carolina, with their two youngest children. But

By Ramishah Maruf, CNN New York (CNN) — The US trade war with China has a major sticking point: rare earths minerals. Last month, President Donald Trump said the United States needed Greenland “very badly,” renewing his threat to annex the Danish territory. Greenland is a resource-rich island with a plentiful supply of critical minerals,

By Ramishah Maruf, CNN New York (CNN) — The Trump administration has asked for a pause in a second court ruling challenging its sweeping tariffs invoked under emergency powers. The administration asked a US appeals court to stay a preliminary injunction from last week in a case that affected two US toymakers. The filing Monday

By Auzinea Bacon, CNN (CNN) — Snack brand giant Mondelez is suing grocery chain Aldi, alleging that the grocer’s store-brand snack packaging “blatantly copies” Mondelez. The maker of Oreo, Triscuit and Chips Ahoy filed the lawsuit on May 27 against the German grocer, which has US headquarters in Illinois, in the federal court for the

By Chris Isidore, CNN (CNN) — President Donald Trump is using his love of tariffs to threaten high-profile American companies. Over the past month, Trump has said he’d like to target two specific and very different companies — Apple and Mattel — with tariffs aimed at their key products over comments by their CEOs. Company-specific

By Anna Cooban and John Towfighi, CNN London/New York (CNN) — US stocks gained Monday as investors digested President Donald Trump’s doubling of tariffs on America’s steel and aluminum imports while trade tensions with China flare up once again. The Dow closed higher by 35 points. The S&P 500 gained 0.41% and the tech-heavy Nasdaq

By Nathaniel Meyersohn, CNN New York (CNN) — For the last several years, Pride Month was a splashy marketing event for big brands. Stores adorned windows with rainbow flags, displayed LGBTQ-themed t-shirts and coffee mugs at their entrances, changed their logos on social media accounts, and spotlighted donations to LGBTQ rights groups. But this Pride

By Simone McCarthy, CNN Hong Kong (CNN) — China has accused the United States of “provoking new economic and trade frictions” as it responded to US President Donald Trump’s claims that Beijing had violated a trade truce agreed by the two nations last month, which paused their blistering tariff war. China was “strictly implementing” the

CNN By Lisa Eadicicco, CNN New York (CNN) — For some small businesses, the last week brought even more twists and turns to the past two months of President Donald Trump’s chaotic tariffs. The situation was already confusing, with stops and starts of tariffs at different levels. Then on Wednesday, a US court said Trump