Money

By Elisabeth Buchwald, CNN (CNN) — American consumers and businesses stand to pay a hefty price for the tariffs President Donald Trump enacted on the nation’s top three trading partners. With only a slim exemption for some Canadian energy products, everything the US imports from those three nations is subject to tariffs of at least

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump’s blanket 25% tariffs on Mexico and Canada took effect on Tuesday, an extraordinary action aimed at bringing America’s top trading partners to heel. But it threatens to weaken the North American economy, including that of the United States, at a time of significant stress for inflation-weary

CNN By Elisabeth Buchwald, CNN (CNN) — American consumers and businesses stand to pay a hefty price for the tariffs President Donald Trump enacted on the nation’s top three trading partners. With only a slim exemption for some Canadian energy products, everything the US imports from those three nations is subject to tariffs of at

By John Towfighi, CNN (CNN) — Tariffs might be President Donald Trump’s favorite word. To legendary investor Warren Buffett, there is less to be excited about. “Tariffs are actually — we’ve had a lot of experience with them — they’re an act of war, to some degree,” Buffett said in an interview with CBS that

By Clare Duffy, CNN New York (CNN) — Chipmaking giant Taiwan Semiconductor Manufacturing Company plans to invest at least $100 billion to grow its US manufacturing operations, President Donald Trump announced from the White House on Monday alongside the firm’s CEO C.C. Wei, Commerce Secretary Howard Lutnick and White House AI and Crypto Czar David

By Anna Cooban, CNN London (CNN) — The stocks of European defense companies soared Monday as investors anticipate massive increases in military spending by governments in the region amid its growing rift with the United States. The STOXX Europe Total Market Aerospace & Defense index had surged almost 7.9% by early afternoon local time, which

By Jordan Valinsky, CNN New York (CNN) — Pour one out for the espresso Frappuccino. And another for the iced matcha lemonade. And another for several other Starbucks drinks that the coffee chain is eliminating from its menu. Monday marks the final day 13 drinks will be served at Starbucks as the company looks to

By Jordan Valinsky, CNN New York (CNN) — Kroger CEO Rodney McMullen is resigning immediately from the grocery store chain following an investigation that found his personal conduct was “inconsistent” with the company’s ethics policies. Last month, Kroger said it was “made aware of certain personal conduct” of McMullen, prompting the board to conduct an

By John Towfighi, CNN (CNN) — The Anti-Defamation League released an updated report card Monday assessing how US colleges combat antisemitism and protect Jewish students. The report, which uses a grading system of A to F, evaluated 135 schools — an increase from 85 schools in the first report. The first ADL campus report card

By Jordan Valinsky, CNN New York (CNN) — Adding a stuffed crust to a pizza chain’s menu doesn’t seem like a big deal. But for Domino’s Pizza, it’s more than three decades in the making. The option was introduced in 1995 by Pizza Hut — launching with a TV ad starring Donald Trump — and

By Vanessa Yurkevich, CNN New York (CNN) — Inflation is heating up, a trade war is brewing and American consumers aren’t feeling great about the economy. That’s a toxic mix for businesses. Inflation rose last month to its highest level since June, topping 3%. Prices at the grocery store remain elevated, with eggs rising 15.2%

By Samantha Delouya, CNN (CNN) — Americans looking to purchase a home in certain US cities might be pleasantly surprised to find the tide is shifting their way this spring after years of challenging affordability. There were 3.7 months of for-sale supply on the market in January, the most in six years, according to a

By John Liu and Hassan Tayir, CNN Hong Kong (CNN) — Two decades ago, a modest restaurant in the middle of one’s China poorest provinces saw its business take off after selling cut-price soft serve for just 1 yuan (15 cents) per cone. Today, it has overtaken McDonald’s and Starbucks as the world’s largest food

By Auzinea Bacon, CNN (CNN) — Commerce Secretary Howard Lutnick said Sunday he expects the United States to impose tariffs on Canada and Mexico on Tuesday, but that the situation is “fluid” and President Donald Trump will determine the levels. “There are going to be tariffs on Tuesday on Mexico and Canada,” Lutnick told Fox

By Maria Sole Campinoti, CNN (CNN) — American consumers don’t need to fret about President Donald Trump’s tariffs on aluminum raising the price of their can of soda. Two weeks ago, Trump announced a 25% tariff on all steel and aluminum imports into the United States that would go into effect March 12, worrying some

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Saturday signed another executive action that directs his administration to investigate potential instances of what he deems unfair trade practices for lumber the United States imports. This comes just days after Trump signed a similar action ordering an investigation into copper. Trump also ordered a

By Bryan Mena, CNN Washington (CNN) — The Trump administration is cracking down on immigration — legal and otherwise — setting the stage for potential labor shortages, weaker economic growth and higher inflation. President Donald Trump announced a flurry of immigration policies immediately after taking office in late January, many of them aimed at curbing

By Auzinea Bacon, CNN (CNN) — Demonstrators gathered at more than 50 Tesla showrooms across the United States on Saturday in protest of CEO Elon Musk’s role in slashing government agencies as part of the so-called Department of Government Efficiency established by President Donald Trump. The protests are part of “Tesla Takedown,” which, according to

By Auzinea Bacon, CNN (CNN) — Tens of thousands of Microsoft Outlook users reported issues with the e-mail service on Saturday afternoon. Microsoft 365, which manages services such as Outlook, Excel and PowerPoint, posted an update to X at 5:01 p.m. ET that it had “identified a potential cause of impact and have reverted the