Money

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump campaigned on lowering grocery prices during the 2024 race and pledged that Americans are “going to be affording their groceries very soon.” But grocery prices have continued to tick higher after the election, and Americans are starting to change their shopping behavior as they

By Matt Egan, CNN New York (CNN) — President Donald Trump’s sweeping tariff regime is generating so much revenue for the federal government that Washington could eventually return some of that windfall to taxpayers. Even though Trump’s historically high tariffs were designed to revive American manufacturing and to help chip away at the national debt,

CNN By Jeanne Sahadi, CNN (CNN) — President Donald Trump on Thursday signed an executive order that could make it easier for 401(k)s and other workplace retirement plans to offer employees the option of investing some of their savings in alternative investments including private equity, long the domain of institutional and “accredited” high-net-worth investors. The

By Bryan Mena, CNN Washington (CNN) — President Donald Trump said Thursday he is nominating Stephen Miran, a key voice in the push for the administration’s tariff policy and a critic of the Federal Reserve’s independence, to fill a vacancy at the Federal Reserve’s Board of Governors on a temporary basis. Miran is currently the

By Liam Reilly, CNN (CNN) — Katie Miller is leaving her role as a top aide to Elon Musk to start a podcast for conservative mothers. “The Katie Miller Podcast” will launch next Monday with weekly episodes featuring “real, honest conversations with people across the political spectrum,” Miller said in an introductory video. The podcast

By Lisa Eadicicco, CNN (CNN) — OpenAI on Thursday launched GPT-5, an upgraded version of the AI model behind ChatGPT that the company claims is significantly faster and more capable than its predecessor. The launch comes as the AI giant has faced increased competition and amid growing concerns about AI’s impact on mental health and

By Brian Stelter, CNN (CNN) — Control of Paramount, the legendary but troubled TV and movie maker, shifted to Silicon Valley scion David Ellison on Thursday, following a protracted and politically tainted merger process. The transition was full of symbolism: The Redstone family, which built the company into a cable-era giant that lagged in the

By Allison Morrow, Matt Egan, CNN New York (CNN) — President Donald Trump signed an executive order Thursday that aims to punish banks for restricting services to customers based on their political or religious beliefs, formalizing “debanking” protections that conservatives and crypto industry advocates have been pushing for. The order directs federal banking regulators to

By Alejandra Jaramillo, CNN (CNN) — President Donald Trump on Thursday demanded the resignation of Intel CEO Lip-Bu Tan following reports and allegations that he has ties to China. “The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this

By Jeanne Sahadi, CNN (CNN) — President Donald Trump on Thursday signed an executive order that could make it easier for 401(k)s and other workplace retirement plans to offer employees the option of investing some of their savings in alternative investments including private equity, long the domain of institutional and “accredited” high-net-worth investors. The order

By Lisa Eadicicco, CNN (CNN) — Apple CEO Tim Cook should be breathing a sigh of relief. The White House on Wednesday ratcheted tariffs on Indian imports up by an additional 25%, raising the total levies on one of the United States’ most crucial trading partners to 50% when they kick in later this month.

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump just enacted a new wave of tariffs on dozens of America’s trading partners, marking a substantial escalation in ongoing trade tensions that could constitute the biggest change to the global economy in nearly a century. The historic new trade policy follows months of false starts to

By Phil Mattingly, CNN (CNN) — President Donald Trump is planning to meet with advisers Wednesday about an unexpected open seat on the Federal Reserve Board of Governors, according to a person familiar with the matter. Trump, who has been sharply critical of the Fed’s interest rate decisions, received surprise news last week when current

CNN By Lisa Eadicicco, CNN (CNN) — Apple is investing another $100 billion to expand its operations in the United States, the company announced on Wednesday, as President Donald Trump said he would levy a large import tax on chips coming into the country. Apple’s investment comes after the tech giant already committed $500 billion

By Brian Stelter, Liam Reilly, CNN (CNN) — In an absolute blitz of news this week, the cable sports institution ESPN showed how it is fully transforming into a streaming-first player. The network inked several new deals with the NFL, announced the imminent launch of its all-inclusive streaming service, and added new wrestling programming from

By Lisa Eadicicco, CNN (CNN) — Apple is investing another $100 billion to expand its operations in the United States, the company announced on Wednesday, as President Donald Trump said he would levy a large import tax on chips coming into the country. Apple’s investment comes after the tech giant already committed $500 billion to

By Jordan Valinsky, CNN New York (CNN) — McDonald’s sales have finally turned a corner, thanks in part to “A Minecraft Movie” meal deal that marked the chain’s largest marketing campaign ever. Sales at McDonald’s US locations open at least a year rose 2.5% for the quarter ending June 30, putting an end to two

By Jordan Valinsky, CNN New York (CNN) — Claire’s, a mall staple that attracts pre-teens for its bargain jewelry and accessories, has filed for its second bankruptcy in less than a decade. The retailer, which filed for Chapter 11 bankruptcy protection in a federal court in Delaware Wednesday, has been dealing with several problems in

By Lianne Kolirin, CNN (CNN) — It is the high-octane toy for those who have everything: an underwater jetpack that allows you to zip beneath the surface of the ocean – for as long as you can hold your breath. Described by its makers as an “innovation for those who demand the extraordinary,” the CudaJet