Money

By David Goldman, CNN (CNN) — President-elect Donald Trump has promised steep across-the-board tariffs on imports to the United States, with a particularly significant tax on goods coming from China. One US company, just two days after Trump’s reelection, says it isn’t wasting time getting out of China. Steve Madden, a $3 billion shoe company,

By Hadas Gold, CNN New York (CNN) — President-elect Donald Trump has vowed to go after much of the media in his second term, threatening to jail journalists, revoke broadcast licenses and target outlets with a flurry of lawsuits. It’s a playbook he’s threatened to use before. During his first term in the White House,

By Nathaniel Meyersohn, CNN New York (CNN) — Pepperoni was getting out of hand at Hormel. The food giant last year was selling 71 different versions of its Hormel Pepperoni brand. There was diced pepperoni. Turkey pepperoni. Mini-slices of turkey pepperoni. Pepperoni sticks. Pepperoni with 50% less sodium. Pepperoni with 25% less fat. Thick-sliced pepperoni.

By Juliana Liu, CNN Hong Kong (CNN) — China has approved a 10 trillion yuan ($1.4 trillion) plan to bolster its ailing economy by allowing local governments to refinance their debt, unveiling additional stimulus measures to counter a potentially volatile growth path marked by the impending return of Donald Trump to the White House. Finance

By Erika Tulfo, CNN (CNN) – Margaret Atwood’s “The Handmaid’s Tale,” a novel set in a totalitarian society, has shot to the top of Amazon’s bestselling books list following Donald Trump’s reelection. It saw a whopping 6,866% surge in sales, according to Amazon figures early Thursday, skyrocketing in just one day to third place from

CNN By Bryan Mena, CNN Washington (CNN) — The Federal Reserve cut interest rates by a quarter point Thursday on the heels of the US presidential election earlier this week. Chair Jerome Powell also affirmed his commitment to serve out his term, expected to end in mid-2026, even if President-elect Donald Trump attempts to fire

By Ramishah Maruf, CNN New York (CNN) — Elwood Edwards, a behind-the-scenes graphics and camera operator at local Cleveland television station WKYC whose voice was propelled to worldwide fame after he recorded AOL’s email greeting, ‘You’ve Got Mail,’ has died, according to his former employer. He was 74. WKYC said he passed following an undisclosed

By Alicia Wallace, CNN (CNN) — US businesses large and small say they have been in “wait-and-see” mode amid election uncertainty. Now that there’s clarity as to who will be leading the country in January, we’re hoping to hear from small business owners about what’s changed for you. The-CNN-Wire™ & © 2024 Cable News Network,

By John Towfighi, CNN (CNN) — Volkswagen is recalling 114,478 vehicles in the US because of safety concerns over their airbags, the National Highway Traffic Safety Administration said Thursday. The recall includes certain 2006-07 Passat Sedans, 2012 to 2014 Passat models and 2017 Passat Wagons, as well as certain 2017 to 2019 Beetle and Beetle

By Hanna Ziady, CNN London (CNN) — President-elect Donald Trump’s proposed protectionist policies, including hefty tariffs, will hurt Europe’s economic standing — leaving crisis-hit Germany particularly vulnerable, Goldman Sachs predicts. Following Trump’s re-election, the investment bank cut its growth forecasts for the region, predicting fresh trade tensions with the United States, pressure on Europe to

By Jordan Valinsky, CNN New York (CNN) — Wednesday wasn’t just a good day for Donald Trump. The wealth of the world’s 10 richest people also soared by a record amount, according to Bloomberg’s Billionaire Index. The biggest gainer was Elon Musk, the world’s richest person and one of Trump’s most outspoken and dedicated supporters,

By Jordan Valinsky, CNN New York (CNN) — Craving a stack of IHOP pancakes with a side of Applebee’s riblets? That will soon become a reality in Texas with a new restaurant that unites the two chains under the same roof. Dine Brands, which owns the two restaurants, announced that the combined Applebee’s-IHOP restaurant will

By Liam Reilly, CNN New York (CNN) — Press freedom groups sounded the alarm Wednesday on the potential dangers facing journalists under a second Trump administration, denouncing threats from the president-elect and his associates to undermine the news media. In the hours after Donald Trump’s decisive victory, the Committee to Protect Journalists, Reporters Without Borders,

By Jeanne Sahadi, CNN (CNN) — Whether you’re elated or despondent that Donald Trump won the 2024 presidential election, chances are you’re working with some colleagues who feel the exact opposite – or, incomprehensibly to some, just really don’t care. After such a hotly contested, divisive race, employers are aware that many employees may have

CNN By Chris Isidore, CNN New York (CNN) — No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. But the billionaire and his business empire face both positives and negatives after Trump won back the presidency in Tuesday’s election. Musk has donated nearly $119 million so far to

By Elisabeth Buchwald, CNN New York (CNN) — Former President Donald Trump’s projected return to the White House made many shareholders of publicly traded companies a lot richer on Wednesday. His victory is expected to usher in sweeping changes from the Biden administration, including a tougher stance on immigration and crime as well as a

By Liam Reilly, CNN New York (CNN) — Jeff Bezos, the Amazon founder and chairman, congratulated Donald Trump on Wednesday for an “extraordinary political comeback and decisive victory” after the former president won re-election, wishing Trump “all success in leading and uniting the America we all love.” “Big congratulations to our 45th and now 47th

Analysis by Hanna Ziady, CNN London (CNN) — Inflation is likely to rise in the United States and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike tariffs on all imported goods. Together with a Republican majority in the