Money

By John Towfighi, CNN New York (CNN) — As Wall Street heads into a new quarter, a flurry of President Donald Trump’s tariffs are set to go into effect. That has traders on edge and has helped put US stocks in their worst first-quarter slump in years. Wall Street has been rocked with volatility this

By Matt Egan, CNN (CNN) — The US economy faces a growing risk of a recession as surging tariffs threaten to stunt growth, reignite inflation and lift unemployment, according to Goldman Sachs. The Wall Street bank warned clients Sunday night that it now sees a 35% chance of a recession in the next 12 months,

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Looming tariffs on imported cars could mean more than just higher prices for buyers and lower profits for automakers – it could also mean layoffs for American autoworkers. President Donald Trump says his auto tariffs will remake the industry, shifting production of both cars

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve admits it badly misjudged the beginning of the inflation crisis, but officials hope they won’t make the same mistake again. President Donald Trump’s tariffs are about to determine whether America’s central bank is up for the challenge. In 2021, as the US economy recovered from

By John Liu, CNN (CNN) — A popular Japanese restaurant chain has closed nearly all of its 2,000 stores for cleaning this week, after a rat and a bug were found in its food. Sukiya, the country’s largest chain serving gyudon, or beef bowls, announced the temporary closures following an insect contamination incident at one

By Brian Stelter, CNN (CNN) — In the Trump administration’s latest assertion of power over the press corps, the White House intends to take over the seating assignments in the press briefing room, according to a senior official. The plan may cause a tug-of-war with the White House Correspondents’ Association, the independent group that currently

By Auzinea Bacon, CNN (CNN) — Auto dealerships across the United States could see a jump in customer traffic this week as cost-conscious buyers look to avoid a possible uptick in prices and maintenance costs over the next few years, according to industry analysts. The growing concern over sticker shock has one cause: President Donald

By Nayeli Jaramillo-Plata, CNN (CNN) — Federal funding cuts have thrown local food systems in Wisconsin — and across the US — into chaos. This month, the US Department of Agriculture (USDA) announced it is terminating 2025 funding for two pandemic-era initiatives: the Local Food Purchase Assistance (LFPA) and Local Food for Schools (LFS) programs.

CNN By David Goldman and Betsy Klein, CNN (CNN) — President Donald Trump said Saturday he doesn’t care if automakers hike prices because of his tariffs. In fact, he encouraged them to. Asked by NBC News’ Kristen Welker in a phone interview about whether he pressured automakers to avoid raising prices after his 25% tariffs

By Lisa Eadicicco, CNN New York (CNN) — 23andMe, a standard-bearer for the at-home health movement, announced on March 23 that it has filed for Chapter 11 bankruptcy to facilitate a sale, prompting many of its 15 million customers to wonder: What happens to my genetic data now? Privacy advocates and two state attorneys general

By Samantha Delouya, CNN (CNN) — Sharon Savoy, a 65-year-old retiree from just outside of Toronto, had planned a typical three-month stay at her vacation home in Miami earlier this month. But then she abruptly decided to put the trip on hold, and now she wonders when she’ll ever go back to her second home.

By David Goldman and Betsy Klein, CNN (CNN) — President Donald Trump said Saturday he doesn’t care if automakers hike prices because of his tariffs. In fact, he encouraged them to. Asked by NBC News’ Kristen Welker in a phone interview about whether he pressured automakers to avoid raising prices after his 25% tariffs on

By Alaa Elassar, Auzinea Bacon and Connor Greene, CNN (CNN) — Hundreds of “Tesla Takedown” demonstrations are taking place in the United States, Canada and Europe as activists ramp up their opposition to CEO Elon Musk’s efforts to slash federal government staffing and budgets. Since joining the Trump administration, Musk has aggressively pushed policies to

By Brian Stelter, CNN (CNN) — The White House Correspondents’ Association is reversing course and canceling its plans to have comedian Amber Ruffin headline this year’s annual fundraising dinner in Washington, DC. Instead, the association says it will celebrate the First Amendment and the free press. “At this consequential moment for journalism, I want to

By Elisabeth Buchwald, Rachel Wilson and Alex Leeds Matthews, CNN (CNN) — Car prices are about to shoot higher. That’s because a 25% tariff across all cars that the United States imports is set to take effect on April 3. And not long after, a 25% tariff on most foreign-made car parts is set to

By Ramishah Maruf, CNN New York (CNN) — Just this week, Tesla boasted as anxieties swirled over tariffs on automobiles. “Btw, Teslas are the most American-made cars,” the official Tesla account posted on X on Sunday. That’s true, at least according to one measure. The company has dominated Car.com’s American-Made Index since 2021, based on

By Lisa Eadicicco, CNN (CNN) — Elon Musk on Friday evening announced he has sold his social media company, X, to xAI, his artificial intelligence company. xAI will pay $45 billion for X, slightly more than Musk paid for it in 2022, but the new deal includes $12 billion of debt. Musk wrote on his

By Ramishah Maruf and Nathaniel Meyersohn, CNN New York (CNN) — The Federal Communications Commission is investigating ABC and parent company Disney over its diversity, equity and inclusion actions, FCC Chair Brendan Carr announced Friday on social media. In a letter to Disney CEO Bob Iger, Carr wrote that he wants “to ensure that Disney

By Brian Stelter, CNN (CNN) — A federal judge sided with silenced Voice of America journalists on Friday, the latest setback for President Trump’s push to shut down US government-funded international broadcasters. US District Court Judge J. Paul Oetken issued a temporary restraining order meant to block any further efforts to terminate VOA. The judge