Money

By John Liu, CNN Hong Kong (CNN) — Beijing has vowed countermeasures against Washington if US President Donald Trump makes good on his threat to impose new 100% tariffs on Chinese imports. Trump’s latest threat came after China unleashed a raft of export restrictions on rare earth minerals last week. The escalating tensions threaten to

By Auzinea Bacon, CNN (CNN) — President Donald Trump’s threat to impose an additional 100% tariff on imports from China sparked a massive cryptocurrency sell-off late Friday that exposed risky leverage in the space. Digital currencies bitcoin, ether and solana were among the most affected cryptocurrencies, bringing total liquidations to $18.28 billion as of 3:47

By Ramishah Maruf, CNN New York (CNN) — The US trade war with China has a major sticking point: rare earth minerals. China increased its restrictions on its rare earth exports Thursday, leading US President Donald Trump to threaten economic retaliation and imply he would cancel a meeting with Chinese President Xi Jinping during an

By Auzinea Bacon, CNN (CNN) — Tech giant Nvidia is the world’s leading artificial-intelligence chipmaker, but the company’s success has also put it in the crossfire of trade tensions. The Santa Clara, California-based company, which is approaching a market capitalization of $5 trillion, has seen rapid growth due to its chips, which are predominantly used

By Vanessa Yurkevich, CNN New York (CNN) — Build-A-Bear Workshop, the nearly 30-year-old toy brand, is having a breakout moment, eclipsing some of Wall Street’s biggest winners by targeting customers across a broad age range. The toy company’s revenue grew 11% in the second quarter to a record $124.2 million, and it even raised full-year

By John Towfighi, CNN New York (CNN) — US stocks closed sharply lower Friday after President Donald Trump threatened to hike tariffs on imports from China, reigniting fears of a trade war that rocked global markets earlier this year. The Dow fell 879 points, or 1.9%. The broader S&P 500 dropped 2.71% and the tech-heavy

By Bryan Mena, CNN Washington (CNN) — Persistent worries about the higher cost of living and few job opportunities pushed consumer sentiment down to its seventh-lowest level in October, on records going back to 1952. Consumer sentiment edged a hair lower early this month to a preliminary reading of 55, the University of Michigan said

By Bryan Mena, CNN Washington (CNN) — The roughly 20 plumbers of Oak Creek Plumbing & Remodeling in the Milwaukee, Wisconsin area don’t just bring toolkits with wrenches, pliers and Teflon tape to customers’ homes these days. They also bring a tablet equipped with the latest version of ChatGPT. The technology helps those workers automatically

By Samantha Delouya, Tami Luhby, Matt Egan, CNN (CNN) — The Bureau of Labor Statistics is calling some staff back to work to prepare its closely watched inflation gauge, the Consumer Price Index (CPI) report, despite the government shutdown, a Trump administration official told CNN. The CPI report, postponed from October 15 to October 24

By Jeanne Sahadi, CNN (CNN) — The IRS on Thursday announced adjustments it is making to a host of line items on your federal tax return for this year and next. Those updates are the result of changes in inflation but also due to provisions in the new tax law enacted in July. How the

By Elisabeth Buchwald, CNN (CNN) — The Trump administration has finalized plans to provide a $20 billion lifeline to Argentina, Treasury Secretary Scott Bessent said Thursday via social media. Additionally, the United States “directly” purchased Argentine pesos, Bessent said, a rare move that marks the latest step in an attempt to stabilize the country’s financial

By John Towfighi, CNN New York (CNN) — Gold isn’t the only precious metal on a gangbusters rally. Silver prices have surged roughly 75% this year, boosted by investors seeking out safe havens, plus strong industrial demand and lingering supply deficits. Silver futures traded in New York surged 7% on Monday and hit an all-time

By Clare Duffy, CNN New York (CNN) — YouTube on Thursday will begin offering previously banned users the opportunity to create new accounts and potentially re-publish some videos that may have contributed to their termination but no longer violate YouTube’s rules. YouTube last month announced the plan to allow previously banned users and their content

By John Towfighi, CNN New York (CNN) — Enthusiasm about artificial intelligence has propelled markets to record highs this year. But the fierce ascent has also raised concerns about a bubble. AI has been the dominant theme in markets since 2022, when OpenAI first launched ChatGPT. Optimism has since spread among investors about a potential

By John Liu, CNN (CNN) — Beijing ramped up sweeping restrictions on rare earth exports on Thursday, expanding the list of minerals under control and extending curbs to target their production technologies and their overseas use, including for military and semiconductor applications. China dominates the global processing of rare earths – essential in everything from

By Hadas Gold, CNN (CNN) — Elon Musk and X have reached a settlement with a group of executives over $128 million in severance that they allege Musk had not paid since he bought what was then known as Twitter in 2022. The executives, including former Twitter CEO Parag Agrawal, former CFO Ned Segal, former

By Ramishah Maruf, CNN New York (CNN) — Every piece of gold that Farzana Ghani owns holds a memory. She has intricate jewelry sets from her mother-in-law from her wedding in Pakistan; a gold chain gifted from her mother after she performed the Hajj, the Muslim pilgrimage; and gold coins to celebrate her daughter’s birth.

By Brian Stelter, Liam Reilly, CNN (CNN) — Military officials are pushing forward with new restrictions on the Pentagon press corps despite objections from news organizations and watchdog groups. The policies “appear designed to stifle a free press” and “further isolate reporters” who are trying to do their jobs, the association representing Pentagon beat reporters

By Matt Egan, CNN New York (CNN) — Gold is having a gangbusters year — and that’s typically a red flag about the state of affairs in the world. This week, gold blew past $4,000 an ounce, and some on Wall Street are betting the rally is just getting started. When investors pile in to