Money

By Kayla Tausche, Kevin Liptak, David Goldman and Elisabeth Buchwald, CNN (CNN) — President Donald Trump said in an Oval Office signing ceremony Monday evening that his administration will impose 25% tariffs on Mexico and Canada on February 1, an extraordinary change in North American trade policy that could raise prices for American consumers. Trump

By Jordan Valinsky, CNN New York (CNN) — Champagne sales have lost their pop as people around the world aren’t in the mood to say “cheers.” The total number of Champagne shipments from France sank nearly 10% last year to 271 million bottles, marking the second consecutive year of declines as inflation-weary consumers cut back

By Chris Isidore, CNN New York (CNN) — Members of the Teamsters union have authorized a strike against Costco on February 1 unless they reach a deal with the warehouse retailer before the current contract expires on January 31. The union said 18,000 Costco workers are set to go on strike at 56 of the

By Ramishah Maruf, CNN New York (CNN) — When Keith Bussey first opened his Nothing Bundt Cakes location in Northern California in 2019, he exhausted his 401(k) savings, excited to invest in an up-and-coming franchise. And it really helped that the company had a long-standing tradition of offering its franchisees the option to close on

By Clare Duffy and David Goldman, CNN New York (CNN) — As he promised Sunday, President Donald Trump on Monday signed an executive action that delays enforcement of the TikTok ban for 75 days. The action directs the US Justice Department not to enforce the Foreign Adversary Controlled Applications Act, which passed with broad bipartisan

By Tami Luhby, CNN (CNN) — If US Immigration and Customs Enforcement visits a Chicago restaurant in the coming days, Sam Toia wants to know. With the incoming Trump administration planning to kick off an immigration crackdown in major cities, possibly including Chicago, Toia, CEO of the Illinois Restaurant Association, has been fielding calls from

By Lex Harvey, Auzinea Bacon and Matt Egan, CNN (CNN) — The incoming first couple have launched a pair of meme coins in the leadup to president-elect Donald Trump’s inauguration that are already worth billions of dollars on paper. But the timing of the Trump cryptocurrency launch, just days before taking office and promising to

By Tami Luhby, CNN (CNN) — Move over billionaires. The first trillionaires are on their way. Five people are expected to amass at least $1 trillion in wealth within the next decade, if current trends continue, according to Oxfam’s annual inequality report, released Sunday. Tesla and SpaceX CEO Elon Musk, currently the world’s richest person

By Clare Duffy, CNN New York (CNN) — Instagram has rolled out a number of updates in recent days that appear to be aimed at attracting TikTok users while the short-video app’s future remains in limbo. And on Sunday, Instagram parent company Meta went one step further and announced the launch of a new video

By Elisabeth Buchwald, CNN New York (CNN) — Federal Reserve officials have worked hard to set interest rates at levels that minimize inflation and maximize employment over the past couple of years. And they’ve been remarkably successful, a historically rare feat to pull off. But central bankers’ jobs could get a lot harder in just

By Ramishah Maruf, CNN New York (CNN) — Monday, January 20, commemorates the birthday of the Rev. Martin Luther King Jr. This year, the holiday coincides with President-elect Donald Trump’s inauguration, though the majority of business closures will be for MLK Day. King’s actual birthday is on January 15, but the federal holiday always falls

By Clare Duffy and David Goldman, CNN New York (CNN) — Around 12 hours after shutting itself down in the United States, TikTok is back for many users almost like it never left, attributing its return to a move by President-elect Donald Trump to save the app. TikTok welcomed users back with a notification that

CNN By Clare Duffy and David Goldman, CNN New York (CNN) — Around 12 hours after shutting itself down in the United States, TikTok is back for many users almost like it never left, attributing its return to a move by President-elect Donald Trump to save the app. TikTok welcomed users back with a notification

By Alicia Wallace, CNN (CNN) — President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession. Those feats, economists say, are even more impressive considering the nation was deep in the

By Auzinea Bacon, CNN (CNN) — TikTok users who procrastinated in saving their favorite videos have been doing some last-minute housecleaning with the app set to shut down. On Friday, the Supreme Court upheld a ban on TikTok over concerns about its ties to China. Hours later, TikTok announced it would “go dark” on Sunday

By Aaron Pellish and Brian Stelter, CNN (CNN) — TikTok went offline in the United States Saturday night, less than two hours before a ban was slated to go into effect. The extraordinary blackout prevents access to one of the world’s most popular social media apps – one that had been used by 170 million

By Reuters (CNN) — The U.S. Justice Department on Friday accused pharmacy chain operator Walgreens Boots Alliance of contributing to the U.S. opioid epidemic by filling millions of unlawful prescriptions for addictive painkillers and other drugs. The department intervened in a whistleblower lawsuit filed in federal court in Chicago and accused Walgreens of ignoring “red

By Meena Duerson, CNN (CNN) — When Chad Comey heard sirens outside the Palisades condo he lived in with his parents last Tuesday, he didn’t think much of it. Then the fire alerts started. “I’m holding out hope, I’m rationalizing things, like, we’re right in the heart of the village, this is the last place to make a stand,

By David Culver, Yong Xiong, Norma Galeana, Evelio Contreras and Rachel Clarke, CNN Monterrey, Mexico (CNN) — The huge industrial park sprawls across the rural landscape with row upon row of warehouse-sized manufacturing units. Logos and signs plastered with red and gold — lucky colors in Chinese tradition — brighten the otherwise gray exteriors while

By Auzinea Bacon, CNN (CNN) — The Federal Trade Commission on Friday sued PepsiCo for allegedly engaging in illegal price discrimination with a large retailer. The commission alleges that the retailer, whose name was redacted in the statement from commissioners, received “unfair pricing advantages” that were not made available to others. A source familiar with