Money

By Ramishah Maruf, CNN New York (CNN) — Just this week, Tesla boasted as anxieties swirled over tariffs on automobiles. “Btw, Teslas are the most American-made cars,” the official Tesla account posted on X on Sunday. That’s true, at least according to one measure. The company has dominated Car.com’s American-Made Index since 2021, based on

By Lisa Eadicicco, CNN (CNN) — Elon Musk on Friday evening announced he has sold his social media company, X, to xAI, his artificial intelligence company. xAI will pay $45 billion for X, slightly more than Musk paid for it in 2022, but the new deal includes $12 billion of debt. Musk wrote on his

By Ramishah Maruf and Nathaniel Meyersohn, CNN New York (CNN) — The Federal Communications Commission is investigating ABC and parent company Disney over its diversity, equity and inclusion actions, FCC Chair Brendan Carr announced Friday on social media. In a letter to Disney CEO Bob Iger, Carr wrote that he wants “to ensure that Disney

By Brian Stelter, CNN (CNN) — A federal judge sided with silenced Voice of America journalists on Friday, the latest setback for President Trump’s push to shut down US government-funded international broadcasters. US District Court Judge J. Paul Oetken issued a temporary restraining order meant to block any further efforts to terminate VOA. The judge

By Robert Ilich, CNN (CNN) — Americans can expect new vehicles to have higher sticker prices due to a new tariff on auto imports by the Trump administration. The tariffs are expected to go into effect on Thursday. Are you interested in buying a new vehicle and would be willing to share your insights on

By Chris Isidore and Juliana Liu, CNN (CNN) — Chinese antitrust regulators are investigating a US consortium’s deal for two ports in the Panama Canal zone, reportedly delaying the deal’s closing that was originally set for next week. President Donald Trump has incorrectly claimed China controls the canal (Panama controls it, although China owns ports

By John Towfighi, CNN New York (CNN) — US stocks plunged Friday and a broad selloff gripped Wall Street as investors digested slightly stubborn inflation data and weakening consumer sentiment while wrestling with continued tariff anxiety. The Dow tumbled and closed lower by 716 points, or 1.7%. The broader S&P 500 fell 1.97% and the

By Bryan Mena, CNN Washington (CNN) — Americans are not only increasingly fearful of higher inflation — with President Donald Trump set to announce a sweeping spate of tariffs in just a few days — but many more are now dreading rising unemployment. Consumer sentiment tanked 12% this month, the University of Michigan said in

By Alicia Wallace, CNN (CNN) — Tariffs are looming, inflation is still sticky and US consumers are bracing themselves for the impact. That’s according to data released Friday from the Commerce Department: Americans socked away money into savings, pulled back on discretionary purchases, and, when accounting for inflation, increased their spending ever so slightly after

By Nathaniel Meyersohn, CNN New York (CNN) — Americans don’t want Outback’s Aussie-themed steaks anymore. Instead, they’re craving Texas-style cuts from Texas Roadhouse and LongHorn’s tender filets. Texas Roadhouse and LongHorn’s sales topped Outback’s last year, and the chains’ stocks are going in different directions. Texas Roadhouse’s stock has increased around 15% over the last

By John Towfighi and Matthew Kaufman, CNN New York (CNN) — President Donald Trump’s auto tariffs could send the cost of a new car soaring. Fixing the car you already have will likely get more costly, too. Trump said Wednesday he is imposing 25% tariffs on car parts coming into the US, in addition to

By Hadas Gold, CNN New York (CNN) — Elon Musk was speaking to Tesla staff in Austin, Texas, last Thursday when he admitted: “I’m stretched pretty thin. I have like 17 jobs.” The meeting seemed hastily arranged. Employees were notified shortly before the event, which was scheduled for 9:30 pm, Business Insider reported. Never before

By John Liu, CNN Hong Kong (CNN) — Chinese leader Xi Jinping held court with dozens of the world’s top executives on Friday, as he sought to bolster foreign investment during an escalating trade war with the United States. The meeting, in which Xi reassured global investors about the country’s economic prospects to arrest a

By Ramishah Maruf, CNN New York (CNN) — Two Federal Trade Commission members who were fired this month have filed a lawsuit against the Trump administration, arguing on Thursday that the decision violated a long-established legal precedent preventing political firings. On March 18, Democratic Commissioners Alvaro Bedoya and Rebecca Kelly Slaughter received an email from

By Alicia Wallace, CNN (CNN) — The Trump administration’s culling of government programs and agencies has resulted in an unprecedented wave of federal workers joining the ranks of job seekers — and new data shows a spike in job applications from agencies impacted by the Department of Government Efficiency. Those job hunts are coming at

CNN By Chris Isidore, CNN New York (CNN) — Get ready to pay more for your next car. Auto prices in the United States will start to rise very soon – perhaps within the next few weeks. That’s because President Donald Trump once again announced plans for 25% tariffs on imported cars and parts that

By Chris Isidore, CNN New York (CNN) — Get ready to pay more for your next car. Auto prices in the United States will start to rise very soon – perhaps within the next few weeks. That’s because President Donald Trump once again announced plans for 25% tariffs on imported cars and parts that will

CNN, POOL By Chris Isidore, CNN New York (CNN) — Get ready to pay more for your next car. Auto prices in the United States will start to rise very soon – perhaps within the next few weeks. That’s because President Donald Trump once again announced plans for 25% tariffs on imported cars and parts