Money

By Jordan Valinsky, CNN New York (CNN) — When Coca-Cola fully took control of BodyArmor in 2021 in a $5.6 billion deal, the company had the goal of it “becoming the #1 global sports drink,” toppling PepsiCo’s Gatorade from its top-selling position. About four years later, BodyArmor remains stuck behind rival Gatorade and sister brand

By Anna Cooban, CNN London (CNN) — The European Central Bank cut its main interest rate by a quarter of a percentage point Thursday, citing growing trade tensions after US President Donald Trump’s tariffs sparked a global trade war. While the 20 countries that use the euro have built up “resilience against global shocks,” the

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Thursday ratcheted up his criticism against Federal Reserve Chair Jerome Powell, calling for his “termination” for not cutting interest rates quickly enough. His comments come one day after the central bank chief delivered a stark warning about the effect of Trump’s sweeping tariffs on

By Jordan Valinsky, CNN New York (CNN) — Taco Bell is bringing back crispy chicken nuggets — and this time the chain promises there won’t be a near-instant sell out. Beginning April 24, chicken nuggets return to Taco Bell nationwide for an eight-week run. However, the company is exclusively revealing to CNN that the nuggets

By Clare Duffy, Auzinea Bacon, Lisa Eadicicco and Emily Condon, CNN Washington DC (CNN) — CEO Mark Zuckerberg defended Meta’s acquisition of Instagram and WhatsApp on the stand this week during the start of trial over the blockbuster antitrust lawsuit brought by the Federal Trade Commission. But, it turns out, Zuckerberg predicted that he might

By Matthew Kaufman, CNN New York (CNN) — Tens of thousands of people likely got a break from their afternoon meetings on Wednesday when Zoom outages prevented users from joining meetings and accessing the website. Disruptions peaked shortly after 3 p.m. ET, and service appeared to be mostly restored roughly two hours later, according to

By John Towfighi, CNN New York (CNN) — US stocks fell Wednesday as Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in modern history, with effects that “remain highly uncertain.” The Dow tumbled 700 points, or 1.73%. The broader S&P 500 fell 2.24%. The tech-heavy Nasdaq Composite tumbled 3.07%. “The

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s significant policy changes, including on tariffs, are unlike anything seen in modern history, putting the Federal Reserve in uncharted waters, Chair Jerome Powell said Wednesday. “These are very fundamental policy changes,” Powell said at an event hosted by the Economic Club of Chicago. “There isn’t

By Lisa Eadicicco, CNN New York (CNN) — Those shopping for a new smartphone or computer may be spared from tariff-induced sticker shock. At least, for now. President Donald Trump issued a memorandum on April 11 saying certain electronics — including computers, smartphones and some components — won’t be subject to the reciprocal tariffs imposed

By Anna Cooban, CNN London (CNN) — President Donald Trump’s global trade war will hurt economies around the world this year, including the US, according to a new report by the World Trade Organization. The WTO projects global economies will grow more slowly than they would without tariffs — and that will be especially the

By Jordan Valinsky, CNN New York (CNN) — The collapse of Party City is giving Michaels an opportunity to expand its selection of balloons and other celebration-themed supplies. Michaels, the retailer best known for selling arts and crafts supplies, announced Tuesday that it’s expanding its party supply offerings with the addition of 300 new balloon

By Brian Stelter, CNN (CNN) — America’s two biggest public broadcasters, PBS and NPR, are facing an up-or-down vote over their federal funding for the first time in decades. The Trump administration sees it as a worthwhile cultural fight, casting PBS and NPR as wastes of money that “spread radical, woke propaganda disguised as ‘news’”

By Tami Luhby, CNN (CNN) — President Donald Trump’s promise to impose tariffs on pharmaceutical imports is raising red flags among generic drugmakers and industry experts, who warn that such a move could lead to increased drug shortages and higher prices. Generic drug manufacturers have had to contend with increasing competition and tight profit margins

By Ramishah Maruf, CNN New York (CNN) — China is taking the trade war to a new battleground: America’s TikTok feeds. Chinese suppliers have been flooding American social media this week, urging users to outflank President Donald Trump’s 145% tariffs on Beijing by buying directly from their factories. One TikTok user, who goes by Wang

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump is using tariffs to disrupt nearly everything about the global trade order. Except for a tariff policy that favors men over women. For decades, the US tariff system has taxed women’s clothing more heavily than men’s. Tariffs on women’s clothing are currently about three

By Bryan Mena, CNN Washington (CNN) — Spending at US retailers skyrocketed last month at the strongest monthly pace in more than two years as Americans rushed to beat President Donald Trump’s massive tariff hikes. Retail sales climbed 1.4% in March from the prior month, the Commerce Department said Wednesday, up from February’s 0.2% gain

By John Liu, John Towfighi and Anna Cooban, CNN (CNN) — Nvidia is caught in the middle of an escalating trade war between the world’s two largest economies. Nvidia on Tuesday said it will take a $5.5 billion financial hit after Washington placed fresh restrictions on the export of its H20 artificial intelligence chips to

By Christian Edwards, CNN London (CNN) — Britain’s parliament is only recalled at times of national crisis. But when lawmakers were brought back from their Easter vacation last weekend, the cause was not a war, terror attack or the death of a monarch – but the potential closure of a steel plant in northern England.

By Juliana Liu and John Liu, CNN Hong Kong (CNN) — China has posted unexpectedly strong economic growth in the first three months of 2025, before the full force of US President Donald Trump’s tariffs took effect, and sent an upbeat message about how it plans to weather an ongoing trade war with Washington. Growth

By Chris Lau, CNN Hong Kong (CNN) — Hong Kong’s postal service will stop handling packages coming from or going to the United States, in the latest retaliatory move amid an escalating trade war between Washington and Beijing. In a statement published Wednesday announcing the decision, the government of Hong Kong cited US President Donald