Money

By Bryan Mena, Amy O’Kruk, CNN Warsh is subject to confirmation by the US Senate, and if confirmed, will succeed Chair Jerome Powell when his term ends in May. Follow live updates here. The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.

By Vanessa Yurkevich, CNN New York (CNN) — In San Francisco, Seth Chandler’s business has lines out the door. It’s not unusual for twenty-odd people to be penned in by a velvet rope, monitored by two security guards. Chandler doesn’t own a hot new club or restaurant. He runs Witter Coin, which buys and sells

By Bryan Mena, Matt Egan, CNN Washington (CNN) — President Donald Trump said Friday he is nominating Kevin Warsh to be the 17th chair of the Federal Reserve after Jerome Powell’s term ends in May. “I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS

By Phil Mattingly, CNN Washington (CNN) — President Donald Trump is expected to announce Friday his intent to nominate Kevin Warsh to be the next Federal Reserve chair, according to two people involved in the process. Trump, who has been weighing the decision for several months and had narrowed down the list of candidates to

By Matt Egan, CNN New York (CNN) — President Donald Trump plans to announce his pick for the next Federal Reserve chair on Friday morning. Among the finalists is one man who checks many of the boxes: BlackRock executive Rick Rieder. The influential investor has the respect of Wall Street and deep knowledge of complex

By Samantha Delouya, CNN (CNN) — President Donald Trump is suing the US Internal Revenue Service and Treasury Department for at least $10 billion, accusing the agency of an unauthorized leak of his tax returns during his first administration. The suit was filed on Thursday in federal court in Florida. Trump, who filed the suit

By Ramishah Maruf, Chris Isidore, CNN New York (CNN) — President Donald Trump said on Thursday that he is decertifying all aircraft made in Canada and threatened a 50% tariff on those planes until American-made Gulfstreams are certified in that country. Trump specifically said he was decertifying the Global Express, a business jet from Quebec-based

By Lisa Eadicicco, CNN New York (CNN) — As Big Tech battles for dominance in artificial intelligence, Apple is flying high on the success of the iPhone. The company reported earnings that blew past Wall Street’s expectations on Thursday, largely driven by the iPhone 17. Revenue hit $143.8 billion for the quarter, up from $124.3

By Ramishah Maruf, CNN New York (CNN) — The parent company of Saks Off 5th and Last Call will close most locations to focus on its luxury retail stores after filing for bankruptcy this month. Saks Global announced on Thursday that it will shutter almost 60 of its Off 5th locations and five Last Call

CNN By Hadas Gold, CNN (CNN) — Tesla dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges. Now the company – and its controversial CEO, Elon Musk – face stiffer competition and political headwinds. Its EV sales fell

By Lauren Said-Moorhouse, CNN Windsor, England (CNN) — King Charles has unveiled a documentary exploring his conviction that humanity needs to understand its connection with the natural world to tackle global warming and some of the other major environmental challenges facing the planet. “Finding Harmony: A King’s Vision,” made in collaboration with his King’s Foundation

By Brian Stelter, CNN (CNN) — With widespread layoffs expected at The Washington Post in the coming weeks, teams of reporters are sending impassioned letters to owner Jeff Bezos, urging him not to shrink the newsroom. In a letter obtained by CNN, the newspaper’s White House reporters banded together to defend some of the desks

By Jordan Valinsky, CNN New York (CNN) — Starbucks has an advantage in the mornings with coffee. Now, it wants to lure people back later in the day with a different type of caffeine boost. The coffee chain’s US locations will roll out a new afternoon menu in the coming weeks, which will include new

By Hadas Gold, CNN (CNN) — Tesla dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges. Now the company – and its controversial CEO, Elon Musk – face stiffer competition and political headwinds. Its EV sales fell by

By Brian Stelter, CNN (CNN) — CNN is not for sale, the company reiterated Wednesday after a news report about media mogul Barry Diller’s interest in buying the cable network from Warner Bros. Discovery. Diller approached Warner Bros. Discovery, WBD for short, about a possible deal last year, the Wall Street Journal reported. Two people

CNN By Alexandra Banner, CNN More than a million fewer people have enrolled in Obamacare for 2026, new data shows. The drop comes after enhanced federal subsidies expired, leaving many Americans struggling with soaring monthly payments. Here’s what else you need to know to get up to speed and on with your day. 1️⃣ CNN

By Chris Isidore, CNN (CNN) — Tesla CEO Elon Musk, who turned an upstart electric vehicle maker into an industry-changing powerhouse, is pulling the plug on the two models that helped get him there, as he struggles with another quarter of declining profits and car sales. He announced the end of production of two models

By Jeanne Sahadi, CNN (CNN) — After weighing a slightly lower unemployment rate and a hiring slowdown with small increases in inflation in December, the Federal Reserve on Wednesday decided to leave its key overnight lending rate untouched. That decision follows the three cuts the Fed made last year, for a total of six cuts

By Jordan Valinsky, CNN New York (CNN) — Unless your name is Domino’s, it’s tough to be a pizza chain right now. Just ask their two main competitors: Pizza Hut and Papa Johns. The former has posted eight consecutive quarters of sales declines and might be on the block. The latter is in the midst

By Lisa Eadicicco, CNN (CNN) — Apple bet big on a dramatic redesign of its iPhone last year, the biggest shakeup to its flagship smartphone in nearly a decade. But the slimmer iPhone Air hasn’t seemed to resonate with buyers. New market research data indicates iPhone Air adoption lags far behind the iPhone 17, 17