Money

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump’s administration wants to roll back virtually all of former president Joe Biden’s policies. So it may come as a surprise that the Trump administration is keeping a key Biden framework designed to rein in Corporate America. New Federal Trade Commission Chair Andrew Ferguson said

By John Liu, CNN Hong Kong (CNN) — Inbound investment in China plummeted to a four-year low in January, as the world’s second-largest economy grapples with a flurry of headwinds. The Ministry of Commerce reported on Wednesday that 97.6 billion yuan ($13.4 billion) in foreign direct investment was utilized last month, a 13% drop from

By Hadas Gold, CNN (CNN) — President Donald Trump’s media company is suing a Brazilian Supreme Court Justice in an unusual case that involves First Amendment concerns, international law and internal Brazilian politics. Trump Media and Technology Group, which runs Trump’s preferred social media platform Truth Social, has joined forces with conservative-leaning social media company

By Gloria Pazmino, CNN New York (CNN) — The Trump administration is moving ahead with its plan to kill New York City’s congestion pricing – a controversial tolling program designed to help raise millions in critical infrastructure funding and decrease traffic in Manhattan’s most congested zones. In a letter to New York Gov. Kathy Hochul

By David Goldman, CNN (CNN) — President Donald Trump, in an interview with Fox News’ Sean Hannity that aired Tuesday night, acknowledged that inflation is on the rise again — bucking his campaign promise to lower prices immediately upon taking office. But he said the Biden administration’s runaway spending is to blame. “Inflation is back,”

By Lisa Eadicicco, CNN (CNN) — Apple on Wednesday announced a cheaper new version of the iPhone 16 called the iPhone 16e, signaling a renewed push into the budget smartphone market for the tech giant. It’s also the first iPhone with a cellular modem designed by Apple, and the cheapest iPhone Apple currently sells that

By Jeanne Sahadi, CNN (CNN) — When people think of Social Security, they typically think of monthly benefits — for the roughly 69 million retirees, disabled workers, dependents and survivors who receive them today. But word that members of the Department of Government Efficiency (DOGE) is seeking access to the Social Security Administration’s data systems

By Jordan Valinsky, CNN New York (CNN) — Ticket prices for the highly anticipated 4 Nations Face-Off Championship between Canada and the United States are rivaling those of the Super Bowl. The upcoming hockey game marks the first time that NHL players from the two countries are battling each other for a title since the

From Reuters Nikola said Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of all or most of its assets, after grappling with rapid cash burn and struggling to raise funds in the past few quarters. The development brings to a close a challenging journey that included numerous leadership changes,

By Jordan Valinsky, CNN New York (CNN) — KFC, the fast food chain formerly known as Kentucky Fried Chicken, is leaving the state where it all began. The chicken chain’s parent company, Yum Brands, announced Tuesday that KFC’s corporate headquarters is leaving Kentucky for Texas, joining sister brand Pizza Hut’s offices in the Dallas suburb

By Chris Isidore, CNN New York (CNN) — President Donald Trump threatened to place a tariff of around 25% on cars imported into the United States, a policy that could raise prices on cars from most automakers – including American car brands – almost immediately after the tariffs are imposed. The tariffs could add thousands

By Samantha Delouya, CNN (CNN) — Federal layoffs may soon come for America’s largest mortgage insurer, a powerful engine of the country’s housing market. On Tuesday, Bloomberg reported that President Donald Trump’s administration plans to lay off at least 40% of the workers at the Federal Housing Administration (FHA). However, a government spokesperson denied plans

CNN, POOL By Chris Isidore, CNN New York (CNN) — President Donald Trump threatened to place a tariff of around 25% on cars imported into the United States, a policy that could raise prices on cars from most automakers – including American car brands – almost immediately after the tariffs are imposed. The tariffs could

By John Liu and Elisabeth Buchwald, CNN (CNN) — President Donald Trump said on Tuesday that he plans to impose tariffs of around 25% on auto imports as well as semiconductors and pharmaceuticals shipped to the United States as early as April 2. Trump recently enacted a 10% across-board-tariff on goods coming from China and

By Chris Isidore, CNN New York (CNN) — Regional jets are despised by many passengers. They’re uncomfortable and cramped, with little space for both carry-on luggage and people. Although their use is on the decline, for many routes, there’s little choice but to fly them. The smaller jets have been getting attention due to two

CNN By Clare Duffy, CNN New York (CNN) — xAI on Monday unveiled its updated Grok 3 artificial intelligence model, as the Elon Musk-led startup pushes to keep pace with the advanced reasoning and search capabilities in competitors’ models. In an event livestreamed on Musk’s X, leaders at the startup claimed Grok 3 performs better

By Clare Duffy, CNN New York (CNN) — xAI on Monday unveiled its updated Grok 3 artificial intelligence model, as the Elon Musk-led startup pushes to keep pace with the advanced reasoning and search capabilities in competitors’ models. In an event livestreamed on Musk’s X, leaders at the startup claimed Grok 3 performs better across

By Jordan Valinsky, CNN New York (CNN) — Nike is in a slump. Sales are down, its stock has lost more than a quarter of its value over the past year and its new CEO needs some help turning around the aging athletic company. Enter Kim Kardashian. Nike is partnering with Kardashian for a new

By Jeanne Sahadi, CNN (CNN) — The Department of Government Efficiency (DOGE) — the special entity created by President Donald Trump and run by Elon Musk to bring about greater “governmental efficiency and productivity” — has been pressing for authorized access to IRS data systems right in the middle of tax-filing season. The IRS, of

By Jordan Valinsky, CNN New York (CNN) — Poppi and Olipop, watch out: Coca-Cola is entering the “better for you” soda category with a response of its own. This month, the beverage behemoth is rolling out Simply Pop, a prebiotic-packed soda that is flavored with fruit juice and vitamins that it claims “supports gut health,”