Money

By Matt Egan, CNN (CNN) — Russell Vought took over as acting director of the Consumer Financial Protection Bureau on Friday night and officials from Elon Musk’s Department of Government Efficiency deleted the banking watchdog’s X account, a person familiar with the matter told CNN. Vought’s new role, first reported by The Wall Street Journal,

By Matt Stiles, CNN (CNN) — The cost of food in the US increased significantly amid the Covid-19 pandemic and the steep inflation that followed. While prices have stabilized more recently, new factors have already driven up the costs for eggs and threaten to increase them for other common household foods. The price of eggs

By Chris Isidore, CNN New York (CNN) — North Carolina is a state that is generally hostile to unions. Amazon is a company that is, historically, extremely hostile to unions. Now an upstart union is attempting to represent more than 4,000 Amazon workers at one of the online retailer’s facilities there. The National Labor Relations

By Brian Stelter, CNN (CNN) — The Washington Post, CNN, The Hill and The War Zone will lose workspace at the Pentagon this year under an expanded “media rotation program” instituted by Defense Secretary Pete Hegseth’s press office. The rotation makes room for a number of right-wing and explicitly pro-Trump media outlets that have not

By Ramishah Maruf, CNN New York (CNN) — The Trump administration on Friday delayed the suspension of the so-called de minimis provision, which allows packages worth less than $800 to enter the country duty-free, a move that helps low-cost shopping sites from China that sell everything from fast fashion to furniture. The delay will last

By David Goldman, CNN (CNN) — Momentary relief was met with the stark reality Friday that President Donald Trump is not nearly done with his chaotic tariff regimen. In remarks to reporters from the Oval Office on Friday, Trump said he will announce new so-called reciprocal tariffs next week, perhaps fulfilling a campaign pledge and

By Bryan Mena, CNN Washington (CNN) — By many measures, America’s job market looks to be in good shape: In January, unemployment was at a historically low 4% as employers continued the second-longest streak of job growth in US history, according to fresh government data out Friday. The Trump administration, however, had a more pessimistic

CNN By Liam Reilly, CNN (CNN) — In a provocative move that could be aimed at stoking President Donald Trump’s ire, Time magazine’s latest print cover features Elon Musk behind the Resolute Desk in the Oval Office. The current edition of the storied biweekly publication, known for its historically significant covers, comes as Trump has

By Liam Reilly, CNN (CNN) — In a provocative move that could be aimed at stoking President Donald Trump’s ire, Time magazine’s latest print cover features Elon Musk behind the Resolute Desk in the Oval Office. The current edition of the storied biweekly publication, known for its historically significant covers, comes as Trump has given

By Bryan Mena, CNN Washington (CNN) — Americans fear faster inflation is on the horizon. The University of Michigan’s latest consumer survey, released Friday, showed that Americans’ inflation expectations for the year ahead surged this month to 4.3%, up a full percentage point from January to the highest level since November 2023. “This is only

By Olesya Dmitracova, CNN London (CNN) — President Donald Trump’s tariff threats have created such strong demand for UK-held gold, traders are facing potentially weeks-long queues for a chance to withdraw it. All existing slots at the Bank of England to withdraw gold bars are booked up as market players race to ship the metal

CNN By Lisa Respers France, Elizabeth Wagmeister, Luciana Lopez and David Goldman, CNN (CNN) — The Philadelphia Eagles steamrolled the Kansas City Chiefs for a decisive victory in Sunday’s Super Bowl, but the battle for audience attention through ads was in many ways an even tougher fight. With around 50 brands buying time during the

By Nathaniel Meyersohn, CNN New York (CNN) — US retailers have been stockpiling clothing, furniture and other goods to get ahead of President Donald Trump’s tariffs kicking in and raising their costs. That’s created a perfect scenario for TJ Maxx — and it’s not because the company is selling all-American goods. Tariffs are taxes placed

By Lisa Eadicicco, CNN New York (CNN) — First, the bad news: Your next smartphone might be more expensive because of President Donald Trump’s recently imposed 10% tariff on Chinese imports. But here’s the silver lining: It may be a while before smartphone prices start to rise – and those higher costs might not sting

By Chris Lau and Minori Konishi, CNN Tokyo (CNN) — An electronics store in Tokyo has apologized after hundreds of Chinese buyers who flocked there to get their hands on the latest Nvidia gaming chips brought mayhem to the neighborhood. The ensuing commotion, which went viral on Japanese social media, was a physical manifestation of

By Liam Reilly, CNN (CNN) — The chief executive of Politico’s parent company pushed back hard against a debunked right-wing conspiracy theory that has been buoyed by the Trump administration concerning the publication, telling CNN that Politico has never accepted any form of federal funding. “Politico, since its launch 18 years ago, has never taken

By Bryan Mena and Elisabeth Buchwald, CNN (CNN) — Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve. Bessent, in two interviews this week, said the Trump administration wants to focus on lowering long-term interest rates,