Money

By Alicia Wallace, CNN (CNN) — The US economic engine sputtered in May: Consumer spending declined for the first time since January, according to new data released Friday that also showed inflation heated up on an annual basis. The Commerce Department report showed that consumer spending fell 0.1% last month after rising 0.2% in April.

By David Goldman and John Towfighi, CNN New York (CNN) — The US stock market on Friday hit an all-time high, its first since mid-February. It marked the culmination of a remarkable recovery on Wall Street since flirting with bear market territory in early April. The S&P 500 gained 0.5%, to close at a record

By Jordan Valinsky, CNN New York (CNN) — Nike is forecasting it will have to pay $1 billion in additional costs because of President Donald Trump’s tariffs, the activewear giant announced Thursday. The tariffs “represent a new and meaningful cost headwind,” said Matthew Friend, Nike’s chief financial officer on a call with analysts, adding that

CNN By Nathaniel Meyersohn. Video by Maya Blackstone, CNN New York (CNN) — Over the last few years, Starbucks pulled out 30,000 comfortable seats, installed hard wooden stools, blocked electrical outlets and turned stores into takeout counters for customers picking up orders off its mobile app. The changes backfired and customers left for local coffee

By Nathaniel Meyersohn. Video by Maya Blackstone, CNN New York (CNN) — Over the last few years, Starbucks pulled out 30,000 comfortable seats, installed hard wooden stools, blocked electrical outlets and turned stores into takeout counters for customers picking up orders off its mobile app. The changes backfired and customers left for local coffee shops

By John Liu and Simone McCarthy, CNN Hong Kong (CNN) — China on Friday signaled it would approve the export of rare earth minerals to the US, hours after White House officials said the two sides had reached a deal, in what would be a major breakthrough following weeks of negotiations over US access to

By Jeanne Sahadi, CNN (CNN) — Jeff Bezos and Lauren Sanchez may or may not have chosen to sign a prenuptial agreement before getting married. Such agreements normally detail what each person will take away in terms of assets, debts and spousal support should the marriage end in divorce or death. Bezos — the founder

By Brian Stelter, CNN (CNN) — President Trump has ratcheted up his rhetorical battle over recent US airstrikes in Iran by having an attorney send legal letters to CNN and The New York Times demanding retractions of accurate reports. On Thursday evening a CNN spokesperson confirmed that the network responded to the letter by rejecting

By James Frater and Ramishah Maruf, CNN (CNN) — Some European Union leaders discussed a rethinking of the World Trade Organization, the entity at the center of the global trading system, at the European Council meeting on Thursday night in Brussels. “If the WTO continues to be incapable of working,” German Federal Chancellor Friedrich Merz

By Brian Stelter and Liam Reilly, CNN (CNN) — Bill Moyers, a former press secretary to President Lyndon B. Johnson who turned into a longtime broadcast journalist and champion of public media, has died at age 91, his family confirmed to CNN. The acclaimed journalist’s son, William Moyers, said he died of complications from a

By Chris Isidore, CNN (CNN) — It was horrifying enough for anyone when a door plug popped off an Alaska Airlines flight at more than 16,000 feet last year, causing an explosive decompression. But one mother’s nightmare was particularly acute, as she thought she lost her baby out of the gaping hole in the side

By Liam Reilly, CNN (CNN) — Tucker Carlson’s podcast surged up the YouTube and Spotify charts last week, buoyed by his confrontational interview with Senator Ted Cruz and his feud with fellow MAGA media stars over the Israel-Iran conflict. According to the latest available data, “The Tucker Carlson Show” jumped to No. 5 on YouTube’s

By Alicia Wallace, CNN (CNN) — Some of President Donald Trump’s steepest tariffs are on products like washing machines, and on Thursday, GE Appliances said it would spend a half a billion dollars to make even more of them in the United States. Tariffs, however, weren’t the driving factor behind the decision, the company’s CEO

By Lisa Eadicicco and Hadas Gold, CNN New York (CNN) — Trump Mobile, the wireless service provider and phone company launched by the Trump Organization, no longer promises on its website that its upcoming smartphone will be made in America. The company adjusted language on its website on or around June 22 to drop the

By John Towfighi, CNN New York (CNN) — The S&P 500 on Thursday flirted with closing at an all-time high, vying to complete a whirlwind roundtrip that saw the benchmark US stock index shed and then regain roughly $9.8 trillion in market value across just four months. The S&P 500 has been on a roller

By Bryan Mena, CNN Washington (CNN) — A deluge of economic data released Thursday should have provided a clearer picture of how the US economy is faring in the face of President Donald Trump’s massive policy shifts. But the latest numbers were a mixed bag, leaving economists still scratching their heads. Gross domestic product, the

By Clare Duffy, CNN New York (CNN) — A measure tucked in President Donald Trump’s sweeping domestic policy bill making its way through Congress would effectively block states from enforcing artificial intelligence-related regulations for the next decade, a rule that’s alarming some followers of the tech world. The proposed moratorium comes as AI extends into

By Matt Egan, CNN New York (CNN) — In the weeks before last fall’s election, shares of Trump Media & Technology Group spiked as traders bet Donald Trump would return to the White House and make Truth Social the platform for presidential communications. Those wagers proved prophetic – if not lucrative. Voters did return Trump

By Samantha Delouya, CNN (CNN) — Homebuyers in the US may soon be able to use cryptocurrency assets to strengthen their mortgage application, according to Bill Pulte, who oversees housing giants Fannie Mae and Freddie Mac. “After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of

By Ramishah Maruf and Matt Egan, CNN New York (CNN) — Shell rebuffed a Wall Street Journal report that said the oil giant was in early talks to take over rival company BP. “This is further market speculation. No talks are taking place,” the company said in a statement Wednesday. An agreement between the two