Money

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump announced on Monday he is raising tariffs on goods from South Korea to 25% from 15%. “Because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS,

By Nathaniel Meyersohn, CNN New York (CNN) — Corporate giants in the Twin Cities stayed silent, publicly, for more than a month as massive federal immigration operations upended daily life and the local economy. Top Minnesota CEOs and business leaders had held phone calls about how to respond. Instead of going public, they settled on

By Brian Stelter, CNN (CNN) — Around 6:15 a.m. on Monday, “Fox & Friends” co-host Brian Kilmeade pitched a solution to President Trump’s growing political problem in Minnesota. “What I would do is just bring Tom Homan in,” he said. Kilmeade, a Trump booster who knows the president often watches the morning show, volunteered the

By Lianne Kolirin, CNN London (CNN) — The European Union has launched a wide-reaching investigation into Elon Musk’s Grok chatbot on X following global outrage over its ability to generate sexually explicit images, including of children. The scandal erupted at the end of last year when the AI chatbot churned out a barrage of digitally

By Clare Duffy, CNN Los Angeles (CNN) — For years, social media giants have argued against claims that their platforms harm young people’s mental health. Starting Tuesday, they will for the first time have to defend against those claims before a jury in a court of law. A 19-year-old, identified as KGM, and her mother,

By John Liu, CNN (CNN) — Gold prices surged beyond $5,000 per ounce for the first time late Sunday, as investors rushed to the safe-haven asset as concern spread that US President Donald Trump is upending relations with key allies, from Europe to Canada. In this year’s first 26 days, the price of gold has

By Tami Luhby, CNN (CNN) — Home heating costs are expected to rise 9.2% this winter as electricity and natural gas prices climb and colder-than-average weather grips large swaths of the United States, according to the National Energy Assistance Directors Association. These rising utility bills come as many Americans are already having a tough time

By Jordan Valinsky, CNN New York (CNN) — Move over, protein. Fiber is on pace to be the next “it” nutrient of the year. Consumers — particularly Gen Z — are fixated on stomach health, leading to the “fibermaxxing” trend taking hold on TikTok. As people try to maximize the fiber in their meals, major

By John Towfighi, CNN New York (CNN) — The stock market in President Donald Trump’s first year back in the White House was the weakest of any president’s first year of a new term since 2005, when George W. Bush started his second term. From Trump’s inauguration day to January 20, 2026, the S&P 500

By Auzinea Bacon, CNN (CNN) — President Donald Trump on Saturday threatened to slap 100% tariffs on Canadian imports if America’s second-biggest trading partner makes a trade deal with China. The comments threaten to deepen the divide between Trump and Canadian Prime Minister Mark Carney, after back-and-forth threats to impose tariffs on Canadian goods, including

By Tami Luhby, CNN (CNN) — Millions of Americans got a nasty reminder this month of just how costly health care coverage is. Workers, Obamacare enrollees and Medicare beneficiaries are all contending with steeper-than-usual hikes in their health insurance premiums for 2026 – yet another stressor in the nation’s affordability crisis. Employers’ health benefit costs

By Matt Egan, CNN New York (CNN) — Three Democratic senators are sounding the alarm about lucrative contracts and loans the Pentagon provided to companies linked to Donald Trump Jr. In a letter sent Thursday to Secretary of Defense Pete Hegseth, the lawmakers – Sens. Elizabeth Warren, Andy Kim and Richard Blumenthal – requested information

By Clare Duffy, CNN New York (CNN) — The joint venture acquiring TikTok’s US assets has been formally established and has announced its leadership team, according to the company, one day before the deadline set by President Donald Trump for the app’s US assets to be spun off by Chinese parent company ByteDance. The transaction’s

CNN By Chris Isidore, Matt Egan, CNN (CNN) — President Donald Trump is suing JPMorgan Chase, the nation’s largest bank, and its CEO Jamie Dimon, alleging it improperly dropped him as a client in 2021 for political reasons. The suit in state court in Florida seeks $5 billion in damages. The suit says that the

By Chris Isidore, Matt Egan, CNN (CNN) — President Donald Trump is suing JPMorgan Chase, the nation’s largest bank, and its CEO Jamie Dimon, alleging it improperly dropped him as a client in 2021 for political reasons. The suit in state court in Florida seeks $5 billion in damages. The suit says that the bank

By Matt Egan, Chris Isidore, CNN New York (CNN) — Severe winter weather warnings have fueled extreme price hikes in the notoriously-volatile natural gas market. The contracts for near-term US natural gas futures have skyrocketed more than 70% so far this week, according to FactSet data. That leaves natural gas on track for the biggest

By Alicia Wallace, CNN (CNN) — Consumers continued to ramp up their spending as the holiday shopping season kicked into high gear in November, but inflation continued to bite, new data showed Thursday. A shutdown-delayed report from the Commerce Department showed that spending rose 0.5% from October, above economists’ expectations for a 0.4% gain. Notably,

By Clare Duffy, Hadas Gold, CNN New York (CNN) — Elizabeth Holmes, the disgraced Theranos CEO, has asked President Donald Trump for an early release from prison after being convicted of defrauding investors, according to a request filed last year with the Department of Justice. Holmes was convicted in 2022 and reported to a federal

By Brian Stelter, Liam Reilly, CNN (CNN) — A federal judge has blocked the Justice Department from examining Washington Post reporter Hannah Natanson’s phone and computers for the time being. Magistrate Judge William B. Porter granted The Post’s motion for a “standstill order” in the case shortly after the newspaper sought one on Wednesday. “The