Money

By David Goldman, CNN (CNN) — US President Donald Trump’s top trade officials will meet with their Chinese counterparts this week to discuss a de-escalation of their increasingly ugly and damaging trade war. The future of the global economy is riding on their success. The trade talks, the first in-person meeting between Chinese and American

By Jordan Valinsky, CNN New York (CNN) — WeightWatchers, the 62-year-old program that revolutionized dieting for millions of people around the world, has filed for bankruptcy. The company announced Tuesday it has entered Chapter 11, which “will bolster its financial position, increase investment flexibility in its strategic growth initiatives, and better serve its millions of

By Olesya Dmitracova, CNN London (CNN) — India and Britain struck a “landmark” trade deal Tuesday, the UK government said, marking progress on lowering and removing tariffs just as President Donald Trump is busy raising US import taxes to historic levels. For weeks, Trump has said that at least one trade deal is imminent with

By Elisabeth Buchwald and David Goldman, CNN (CNN) — President Donald Trump, in his first Oval Office meeting with new Canadian Prime Minister Mark Carney, said there was nothing Carney could say to him Tuesday that would convince the president to reduce tariffs on Canadian goods. “No,” Trump said. “Just the way it is.” Trump

By Chris Isidore, CNN (CNN) — Tesla’s sales continue to dive across Europe even as car buyers there increasingly buy electric vehicles. Tesla sales were down sharply in April in the United Kingdom, the Netherlands, Denmark and Portugal, as well Sweden and France, according to monthly sales figures. Just like in the United States, Tesla

By Nick Watt, Vanessa Yurkevich, Alicia Wallace and David Goldman, CNN (CNN) — American consumers are on the cusp of tough choices because of President Donald Trump’s trade war. Ships now pulling into US harbors from China are the first to be subject to the massive tariffs that America is imposing on most Chinese imports.

By Alexandra Skores, CNN Hagerstown, Maryland (CNN) — While passenger anxieties may be experiencing an uptick, one new design aboard a small aircraft is attempting to change the future of flying when it comes to safety. And it comes with just the push of one button. Aircraft manufacturer Cirrus is launching the first Federal Aviation

By Elisabeth Buchwald, CNN New York (CNN) — A few months ago, the words “bonded warehouse” and “harmonized system codes” might not have been on the minds of many American business owners. Now they’re in a massive spotlight. After President Donald Trump slapped a whopping 145% minimum tariff on most goods coming from China, 25%

CNN By Alexandra Skores, CNN Hagerstown, Maryland (CNN) — While passenger anxieties may be experiencing an uptick, one new design aboard a small aircraft is attempting to change the future of flying when it comes to safety. And it comes with just the push of one button. Aircraft manufacturer Cirrus is launching the first Federal

By Matt Egan, CNN New York (CNN) — One of America’s closest allies recently raised eyebrows for threatening to fire off the ultimate financial weapon against Washington in trade talks: dumping US debt. Japanese Finance Minister Katsunobu Kato, whose country is the biggest holder of US Treasuries, said on Friday that selling the assets is

By Bryan Mena, CNN Washington (CNN) — Canadian Prime Minister Mark Carney will visit US President Donald Trump at the White House on Tuesday in what could be one of the most contentious meetings between the neighboring countries’ leaders in years. Canada is America’s second-biggest trading partner and one of its closest allies on many

By Juliana Liu, CNN Hong Kong (CNN) — US President Donald Trump’s efforts to “rebalance” global trade have spooked Wall Street, disquieted US Treasuries and sent investors rushing to buy gold. They have now also roiled a normally staid corner of financial markets, with major potential implications for the future of the US dollar and

By Ramishah Maruf, CNN New York (CNN) — Last week, President Donald Trump advised Americans that his trade war could result in children’s dolls costing “a couple bucks more.” That, at least, seems to have come to fruition. Mattel, the toy manufacturing giant and maker of Barbie, plans to raise prices on American toys due

By Jordan Valinsky, CNN New York (CNN) — Rite Aid on Monday announced it is filing for bankruptcy for a second time, barely just seven months after the chain exited Chapter 11 and emerged as a private company. The financially strapped drug store chain said it is looking for a buyer, and re-filing for Chapter

By Chris Isidore, CNN (CNN) — President Donald Trump’s auto tariffs will cost Ford $1.5 billion this year, but the automaker said Monday it does not expect overall US car prices to rise significantly as a result. Ford CFO Sherry House told reporters that it expects US car prices to edge up 1% to 1.5%

By John Towfighi, CNN New York (CNN) — US stocks slid Monday and a historic rally for the S&P 500 lost steam as Wall Street awaited potential developments in trade negotiations between the United States and other countries. The Dow lost 99 points, or 0.24%. The broader S&P 500 fell 0.64% and the tech-heavy Nasdaq

By Liam Reilly, CNN (CNN) — Brendan Carr, the top communications regulator, doesn’t view his investigation into CBS as “a threat” to the broadcaster. Sitting down with CNBC host Sara Eisen at the Milken Institute’s Global Conference in Los Angeles on Monday, Carr called the federal inquiry into “60 Minutes” over its October interview with

By Reuters (CNN) — OpenAI said on Monday it would remain under the control of its nonprofit parent, while pushing ahead with plans to change the structure of its for-profit arm to allow more capital-raising to keep pace in the artificial-intelligence race. The announcement follows a storm of criticism and legal challenges, including a high-profile

By Brian Stelter, Jamie Gangel and Kevin Liptak, CNN (CNN) — Filmmakers and Hollywood financiers are baffled, to say the least, by President Trump’s announcement that he wants a 100% tariff on movies produced outside the United States. Several movie studio and streaming industry executives who spoke with CNN are downright apoplectic because, they believe,

By Olesya Dmitracova, CNN London (CNN) — The European Union will spend €500 million ($567 million) over the next three years “to make Europe a magnet for researchers,” a top official announced Monday in a veiled response to the Trump administration’s cuts to research funding and changes to science policy. Speaking alongside Ursula von der