Money

By David Goldman and John Towfighi, CNN New York (CNN) — Rinse, repeat. Stocks rose Tuesday after President Donald Trump did a 180-degree turn on his threat to place a massive 50% tariff on goods imported from the European Union. The Dow closed higher by 741 points, or 1.78%. The broader S&P 500 rose 2.05%

By Anna Cooban, CNN London (CNN) — Tesla’s sales plummeted by more than half across the European Union last month even as the bloc’s overall electric car market grew. New registrations for Tesla (TSLA) vehicles fell nearly 53% across the EU in April compared with the same month in 2024, according to data released Tuesday

By Bryan Mena, CNN Washington (CNN) — By week’s end, it’ll be much clearer how the US economy is holding up amid President Donald Trump’s sweeping policy changes. Trump’s erratic trade war has already unsettled consumers and taken a toll on economic growth — mostly due to American businesses rushing to stock up on imports.

By Samantha Delouya, CNN (CNN) — Memorial Day marks the unofficial start to summer, but this year, it may also kick off a season of higher prices. Small businesses that sell beer, fireworks and other summer staples told CNN they are grappling with higher costs amid new tariffs that the Trump administration placed on nearly

By Auzinea Bacon, CNN (CNN) — Gas prices are holding steady for the nearly 40 million Americans expected to hit the road on Memorial Day. The average cost of a gallon of regular unleaded in the United States on Sunday was $3.18, according to AAA, the lowest over a Memorial Day weekend since 2021, when

By Kit Maher and Robert Ilich, CNN (CNN) — President Donald Trump said Sunday that he has agreed to delay a 50% tariff on European Union imports until July 9, the latest instance of Trump declaring an impending tariff and throwing markets into confusion only to later walk back the threatened levies. Trump said he

By Bryan Mena, CNN Washington (CNN) — Being an honest public servant will always be a rewarding choice, Federal Reserve Chair Jerome Powell said Sunday in a speech at a pre-graduation ceremony at Princeton University amid months of unrelenting personal attacks from President Donald Trump. “As you navigate the world of bright possibilities that awaits

By Auzinea Bacon, CNN (CNN) — After a slow start to 2025, the Hollywood box office has pulled off a “Stitchpossible” comeback buoyed by a huge holiday weekend. Disney’s “Lilo & Stitch” and the eighth installment of “Mission: Impossible” helped spark a record $325 million estimated box office haul for Memorial Day weekend. “Lilo &

By Lisa Eadicicco, CNN (CNN) — First lady Melania Trump released an audiobook version in her voice of her memoir on Thursday — but she won’t actually be the one narrating it. “I am honored to bring you Melania – The AI Audiobook – narrated entirely using artificial intelligence in my own voice,” she wrote

By Chris Isidore, CNN (CNN) — The American penny isn’t going anywhere anytime soon. The US Treasury Department announced Thursday that it plans to start winding down production of the one-cent coin it has been minting for more than 230 years. But the penny will still remain legal tender, and will still be in use

By Ramishah Maruf, CNN New York (CNN) — The unofficial start of summer is here, which means people will be hosting barbeques and pool parties — and finally bringing out the all-white outfits. But Memorial Day, the federal holiday falling on the last Monday of May, honors members of the US armed forces who died

By Brian Stelter, CNN (CNN) — Journalists who cover the US military say they are extremely concerned by Defense Secretary Pete Hegseth’s constraints on press access at the Pentagon. They say the newest restrictions, outlined Friday night, appear to be “a direct attack on the freedom of the press and America’s right to know what

By Auzinea Bacon, CNN (CNN) — Social media platform X, formerly known as Twitter, was briefly inaccessible for thousands of US users early Saturday, according to Downdetector.com, which tracks internet disruptions. The site appears to have resolved the outage, as DownDetector reports are down to 690 as of 11:30 a.m. ET. Users in the United

By Auzinea Bacon, CNN (CNN) — President Donald Trump’s sweeping tariffs have given many Americans whiplash. The list of companies announcing price changes as a result is equally daunting. Among the levies Trump has imposed is a 10% baseline tariff for most imports and a 30% tariff on most Chinese goods. Some goods, such as

By Jordan Valinsky, CNN New York (CNN) — McDonald’s is pulling the plug on its CosMc’s spinoff just two years after the alien-themed spinoff took off. The chain announced Friday that it’s closing all five locations next month. CosMc’s, named after a little-known alien McDonald’s character, opened in 2023 in response to fast-growing specialty coffee

By Jordan Valinsky, CNN New York (CNN) — Mike Keech, the CEO of Liquid I.V., thinks you have a problem that you might not even be aware of. “A majority of consumers, Americans and people around the world are chronically dehydrated,” he told CNN. “They just don’t know it.” Even if consumers don’t know if

By Kit Maher, Ramishah Maruf and Chris Isidore, CNN New York (CNN) — President Donald Trump announced a partnership between U.S. Steel and Japanese steelmaker Nippon that he says will keep the headquarters in Pittsburgh and draw $14 billion in investment toward the US economy. “This will be a planned partnership between United States Steel

By Liam Reilly, CNN (CNN) — RedBird Capital Partners announced on Friday that it has purchased Telegraph Media Group for £500 million (nearly $675 million), concluding a protracted bid to acquire the news company. The deal makes US-based RedBird the sole controlling owner of The Telegraph, the right-leaning British news outlet founded in 1855. Per

By Olivia Kemp, CNN London (CNN) — Labubu, a palm-sized plush toy with sharp teeth and a cult following, has become a toy too popular to sell. After chaotic scenes of queueing, crowd surges and reported fights, distributor Pop Mart has suspended all in-store sales of the collectible across the United Kingdom. “Due to the