Money

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

By Brian Stelter and Samantha Waldenberg, CNN (CNN) — Instead of restoring access to The Associated Press newswire, as required by a federal judge, the Trump administration is removing the wire position in the daily press corps rotation altogether. The change appears designed to withstand legal scrutiny while still disadvantaging The AP, which was singled

By Ramishah Maruf, CNN New York (CNN) — It’s no secret that since the Supreme Court’s decision in the Citizens United v. FEC, deep-pocketed donors and super PACS have poured money, and influence, into politics. Regarding the uber-wealthy people who have entered positions of power in the country in an interview with CNN’s Abby Phillip

By James Frater and Olesya Dmitracova, CNN London (CNN) — The European Union has announced it will impose retaliatory tariffs on American toilet paper, soybeans, eye makeup and hundreds of other products if trade negotiations with the United States aren’t successful. The bloc of 27 countries published Monday a long list of US products, most

By Alicia Wallace, CNN (CNN) — President Donald Trump is forging ahead with his aggressive tariff campaign, moving on from “reciprocal” tariffs to the sector-specific tariffs he promised. To do so will involve Trump’s continued application of Section 232 of the Trade Expansion Act of 1962, which allows a president to impose tariffs to protect

By Chris Isidore, CNN (CNN) — Shares of Boeing fell Tuesday following a report that China has halted the delivery of all its jets to airlines in the country as part of an escalating trade war that has enveloped the world’s two biggest economies. Boeing (BA), a component of the Dow Jones Industrial Average, fell

By Nectar Gan and John Liu, CNN Hong Kong (CNN) — Less than a year into Donald Trump’s first trade war with China, Chinese leader Xi Jinping made a high-profile visit to an unassuming factory in Ganzhou, an industrial city nestled among rolling hills in the country’s southeast. Touring its exhibition hall in 2019, Xi

By Jordan Valinsky, CNN New York (CNN) — Chili’s is ratcheting up its fight against fast food rivals with a new cheeseburger that might make McDonald’s call their lawyers. The chain is rolling out Tuesday the Big QP burger, which not only has a similar name to McDonald’s Quarter Pounder but also the same toppings:

By Jordan Valinsky, CNN New York (CNN) — American Airlines will soon offer free Wi-Fi on most of its flights, becoming the latest major carrier to add the perk. Beginning in January 2026, members of the airline’s free loyalty program will have access to the perk. Wi-Fi will be available on 90% of its fleet

By Jordan Valinsky, CNN New York (CNN) — Starbucks is updating its uniform policy, emphasizing the appearance of its recognizable “green aprons” as part of CEO Brian Niccol’s broader plans to revive the slumping brand. Beginning May 12, baristas at stores in North America will have to wear solid black tops under their aprons, a

By Jeanne Sahadi, CNN (CNN) — Congratulations for getting your taxes done and filed. If you’re in line for a refund — or already have received one — you’re in good company. A majority of US filers typically do get money back. And this year is no exception. Based on the latest data from the

CNN By Auzinea Bacon and Clare Duffy, CNN Washington, DC (CNN) — Meta CEO Mark Zuckerberg took the witness stand Monday to defend his company against accusations by the Federal Trade Commission that it bought competing social media companies to dominate the market with a monopoly. It was the first of what is expected to

By Matthew Kaufman, CNN (CNN) — A group of US businesses filed a lawsuit Monday arguing that President Donald Trump’s tariffs are illegal under the International Emergency Economic Powers Act (IEEPA). The suit was filed in the US Court of International Trade by the Liberty Justice Center, a legal advocacy group arguing on behalf of

By Auzinea Bacon and Clare Duffy, CNN Washington, DC (CNN) — Meta CEO Mark Zuckerberg took the witness stand Monday to defend his company against accusations by the Federal Trade Commission that it bought competing social media companies to dominate the market with a monopoly. It was the first of what is expected to be

By Alicia Wallace, CNN (CNN) — Not since the early weeks of the pandemic have Americans been this certain that unemployment will spike. Consumers surveyed by the Federal Reserve Bank of New York in March put a 44% probability on the nation’s jobless rate being higher a year later, marking the highest level since April

By John Towfighi, CNN New York (CNN) — US stocks rose Monday as traders rallied on the Trump administration’s exemption for tariffs on smartphones, computers and various electronics imported from China. The Dow rose 312 points, or 0.78%. The broader S&P 500 rose 0.79%. The tech-heavy Nasdaq Composite gained 0.64%. All three major indexes closed

By John Liu and Anna Cooban, CNN Hong Kong/London (CNN) — Billionaire Ray Dalio says President Donald Trump’s tariff war has helped push America close to a recession — or perhaps even “something worse.” “Right now, we are at a decision-making point and very close to a recession,” the founder of Bridgewater Associates, one of