Money

By Jordan Valinsky, CNN New York (CNN) — Procter & Gamble, the maker of several household staples including Tide detergent and Charmin toilet paper, is hiking prices because of President Donald Trump’s tariffs. The company revealed in Tuesday’s earnings call that its profits will take a $1 billion hit because of tariffs, a larger cost

By Bryan Mena, CNN Washington (CNN) — The Trump administration’s trade agreements with a handful of countries are helping Americans feel somewhat more confident about the economy’s health and its future. Consumer confidence climbed 2 points this month to a reading of 97.2, the Conference Board said Tuesday, showing people’s attitudes about the economy have

By Anna Cooban, CNN London (CNN) — For the first time India has overtaken China as the No. 1 exporter of smartphones to the United States, following Apple’s tariff-driven manufacturing pivot to New Delhi. India-made devices accounted for 44% of smartphone imports in the US during the second quarter, up sharply from 13% during the

By Nayeli Jaramillo-Plata, CNN (CNN) — In Alaska’s North Slope region — the northernmost county in the US, roughly the same size as the United Kingdom — one small public radio station, KBRW, keeps eight Iñupiat villages connected and serves about 10,000 people. Now, it may not survive. Last Thursday, President Trump signed into law

By Chris Isidore, CNN (CNN) — Two of the largest US railroads, Union Pacific and Norfolk Southern, announced on Tuesday a plan to combine in a $72 billion deal that would create America’s first transcontinental freight railroad. The stock and cash deal would be the largest ever in a sector that has already massively consolidated

By Vanessa Yurkevich, CNN New York (CNN) — On August 1, hundreds of countries will come to learn their fate with the United States, when President Donald Trump’s pause on “reciprocal” tariffs ends. Thousands of US businesses will also learn their fates. However, after months of whipsaw trade policy, planning with any sort of certainty

By Alicia Wallace, CNN (CNN) — Goodwill, Easterseals and other nonprofit organizations say thousands of low-income seniors could soon be unemployed because funding hasn’t come through for a decades-old federal job training and placement program. The Department of Labor has yet to release more than $300 million in funds for national grantees of the Senior

By Rebecca Cairns, CNN (CNN) — China has proposed a global action plan to govern artificial intelligence, just days after the United States unveiled its own plan to promote US dominance of the rapidly growing field that’s become a key bargaining chip in trade talks between the economic powerhouses. Chinese Premier Li Qiang unveiled China’s

By Hadas Gold, Michael Ballaban, CNN Nashville officials on Monday announced a massive public transportation partnership with Elon Musk’s The Boring Company to alleviate the city’s significant traffic congestion problems for travelers bound to the airport. But Musk has previously made many similar promises in a host of other American cities with little to show

By John Towfighi, CNN New York (CNN) — US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels. Stocks were relatively muted on Monday after President Donald Trump and President of

By Nathaniel Meyersohn, CNN New York (CNN) — Wright’s Market has been a fixture of Opelika, Alabama, a town of around 30,000 near Auburn University, since the 1970s. The supermarket relies on the Supplemental Nutrition Assistance Program (SNAP) for roughly one-third of sales. SNAP is a “big piece of what we do,” said owner Jimmy

By Bryan Mena, CNN Washington (CNN) — Sweeping changes are coming to the world’s most powerful central bank, President Donald Trump and his top advisers have said — and they’re already starting to make good on that promise. Treasury Secretary Scott Bessent last week made it clear that the Trump administration intends to shake up

By Auzinea Bacon, CNN (CNN) — For months, protesters have gathered outside Tesla showrooms in response to Elon Musk’s role in reducing US government spending as part of the Department of Government Efficiency. This weekend, protesters in Los Angeles found a new destination: Musk’s new 24-hour Tesla Diner in the Hollywood area. Musk had touted

By Auzinea Bacon, CNN (CNN) — Disney’s “The Fantastic Four: First Steps” stormed the domestic box office, topping superhero competitor “Superman” to finish No. 1 with $118 million. The reboot was a major comeback for the series, falling within range of analysts’ expectations but short of a hopeful $130 million. “Fantastic Four” is also the

MARVEL STUDIOS, NEW HORIZONS, TWENTIETH CENTURY FOX, CNN By Auzinea Bacon, CNN (CNN) — Disney’s “The Fantastic Four: First Steps” stormed the domestic box office, topping superhero competitor “Superman” to finish No. 1 with $118 million. The reboot was a major comeback for the series, falling within range of analysts’ expectations but short of a

CNN By Auzinea Bacon, Alejandra Jaramillo, Elisabeth Buchwald, John Liu, CNN (CNN) — President Donald Trump announced Sunday that the United States and the European Union reached a framework for a trade deal, ending a monthslong saga with America’s largest trading partner. Trump announced a 15% levy on most imports from the 27-nation European Union,

By Auzinea Bacon, Alejandra Jaramillo, Elisabeth Buchwald, John Liu, CNN (CNN) — President Donald Trump announced Sunday that the United States and the European Union reached a framework for a trade deal, ending a monthslong saga with America’s largest trading partner. Trump announced a 15% levy on most imports from the 27-nation European Union, including

By Lucy Bayly, CNN (CNN) — The state of President Donald Trump’s economy is about to come into full view. A slew of crucial economic data is set for release this week, including the jobs report, inflation, consumer confidence and corporate earnings. We’ll get the first glimpse at America’s second-quarter gross domestic product, the broadest

By Jeremy Herb, CNN (CNN) — President Donald Trump took off for Scotland on Friday for his latest presidential trip mixing business and golf. Trump plans to visit his two golf properties in Scotland: First, he’s golfing this weekend at Trump Turnberry, before heading to Trump International Scotland in Aberdeenshire, where he’ll participate in a

By Jeanne Sahadi, CNN (CNN) — If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible. Some of the changes, which are in President Donald Trump’s recently enacted federal tax-and-spending cuts package, affect filers who take the standard