Money

By Alicia Wallace, CNN (CNN) — Americans felt a whole lot better about prices and the job market in May, a month that featured a détente in the trade war between the US and China. Consumers’ year-ahead expectations for inflation tumbled in May by 0.4 percentage points to 3.2%, according to the Federal Reserve Bank

By Brian Stelter, CNN (CNN) — As federal agents prepared to fan out in Los Angeles for a controversial immigration crackdown, the officers were greeted by a familiar face: Dr. Phil McGraw. The television personality and his camera crew were on hand before and after the raids that took place on Friday and triggered several

By John Towfighi and Phil Mattingly, CNN New York (CNN) — US stocks mostly rose Monday and the S&P 500 approached an all-time high as the first day of trade talks between the US and China concluded in London. The Dow ended the day close to flat. The broader S&P 500 rose 0.09% and the

By Jordan Valinsky, CNN New York (CNN) — Chipotle is tapping into America’s seemingly never-ending obsession with ranch dressing. Beginning June 17, the chain is adding Adobo Ranch to its menu for a limited time. The dip, a variation on classic ranch, is seasoned with adobo pepper, sour cream and other herbs and spices that

By Brian Stelter, CNN (CNN) — Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other television networks. The first company, known for now as “Streaming & Studios,” will be led by CEO David

By Clare Duffy, CNN New York (CNN) — Apple just showed how it plans to incorporate artificial intelligence across all its major products, from translating phone calls to giving the Mac a smarter search bar and more. The updates aren’t as splashy as announcements from the past two years, which heralded big changes with the

By John Liu and Phil Mattingly, CNN Hong Kong/Washington (CNN) — Trade negotiations between the United States and China will continue on Tuesday in London, with both sides trying to preserve a fragile truce brokered last month. President Donald Trump has authorized his trade negotiating team, led by Treasury Secretary Scott Bessent, to ease up

By Samantha Delouya, CNN (CNN) — A long-held stake by a handful of hedge funds may finally yield returns under the Trump administration, but it risks sending shockwaves through America’s $12 trillion mortgage market. Last month, President Donald Trump said he had plans to take mortgage financing giants Fannie Mae and Freddie Mac public. Such

By Auzinea Bacon, CNN (CNN) — National Economic Council Director Kevin Hassett said Sunday that he is “very comfortable” with a trade deal closing between the United States and China after the two sides meet Monday in London. Hassett’s comments on CBS’ “Face the Nation” come after President Donald Trump said last week that he

By Brian Stelter, CNN (CNN) — Veteran ABC News correspondent Terry Moran was suspended Sunday after he posted a highly critical assessment of President Donald Trump and Trump’s deputy chief of staff Stephen Miller on the social media platform X. In the missive, which was posted shortly after midnight, Moran said both Trump and Miller

By Brian Stelter, CNN (CNN) — A climate of fear is perceptible in the United States today, and it must be resisted no matter what, CBS News correspondent Scott Pelley says. “People are silencing themselves for fear that the government will retaliate against them, and that’s not the America that we all love,” Pelley told

By Wayne Chang, CNN Taipei, Taiwan (CNN) — In the largest single foreign investment in US history, Taiwan Semiconductor Manufacturing Company has unveiled a $100 billion investment, drawing global attention and prompting concern in Taiwan. TSMC, which produces more than 90% of the world’s advanced semiconductor chips that power everything from smartphones and artificial intelligence

By Auzinea Bacon, CNN (CNN) — Demonstrations against tech billionaire Elon Musk are continuing, even after the Tesla CEO stepped away from his role leading the Department of Government Efficiency and engaged in an all-out feud this week with Donald Trump over the president’s massive tax and domestic policy bill known as the “big, beautiful

By Jeanne Sahadi, CNN (CNN) — Much has changed in the crypto landscape over the past year and a half. And with it, so may more investors’ minds about cryptocurrencies — especially bitcoin, the (very young) granddaddy of them all. Crucially, crypto has gained greater acceptance among regulators and large institutional investors as an asset

By Allison Morrow, CNN New York (CNN) — We live in the golden age of grift. Most of us can’t go a day without at least one scammy text about an unpaid toll or a call from an unknown number with a shockingly human-like AI voice on the other side. The scale of the scam

By Nectar Gan, CNN Hong Kong (CNN) — US President Donald Trump said Chinese leader Xi Jinping has agreed to restart the flow of crucial rare earth materials, after announcing a new round of US-China trade talks will be held in London on Monday. Trump made the comments a day after holding his long-awaited phone

By Jeanne Sahadi, CNN (CNN) — When people think of Social Security, they typically think of monthly benefits — for the roughly 69 million retirees, disabled workers, dependents and survivors who receive them today. But efforts by the Department of Government Efficiency this year to access the Social Security Administration’s data systems should conjure up

By Phil Mattingly, CNN (CNN) — The staggering and exceedingly public rupture in the world’s most consequential and unprecedented partnership was a long time coming. But the surreal state of suspended animation that consumed Washington as President Donald Trump and Elon Musk traded escalating blows on social media obscured a 48-hour period that illustrated a

By Samantha Waldenberg and David Goldman, CNN (CNN) — President Donald Trump announced Friday that US and Chinese officials will meet in London on Monday to discuss trade between the two nations. “I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador

By Marshall Cohen, CNN Washington (CNN) — Hunter Biden on Friday dropped a lawsuit against Fox News that accused the conservative network of unlawfully airing sexually explicit images of him. This is the second time Hunter Biden has filed and then voluntarily dismissed a lawsuit against Fox News. The cases stemmed from a 2022 digital