Money

By Elisabeth Buchwald, CNN (CNN) — The 90-day deadline President Donald Trump set for countries to make trade deals with the United States or risk substantially higher tariffs is just days away. What will happen after that’s reached at 12:01 a.m. ET on July 9 is anyone’s best guess. The stakes could not be higher,

By Jordan Valinsky, CNN New York (CNN) — When the first Olive Garden opened in 1982 in Orlando, Florida, it was a disaster. Long lines formed to get inside. The cooks couldn’t make enough sauce to keep up with demand. Bells constantly rang, alerting the kitchen staff that a table was waiting more than 10

By Alicia Wallace, CNN (CNN) — Eighteen months ago, at around 7 p.m. practically every night, Chloe Lawson would start a four-mile walk to Subway, where she’d work the overnight shift, earning a buck above the $7.25 federal minimum wage. Eight hours later, the then 19-year-old would clock out and head back to find somewhere

By David Goldman and Kit Maher, CNN (CNN) — On April 9, President Donald Trump gave the world a three-month window to negotiate trade deals with the United States or face higher “reciprocal” tariffs. With just five days remaining in that tariff moratorium, the White House is expected to begin delivering a message to a

By Bryan Mena, CNN Washington (CNN) — Unemployment among Black Americans last month reached its highest level in more than three years, in stark contrast to the broader labor market’s resilience. The jobless rate for Black Americans climbed to 6.8% in June, the Labor Department said Thursday, up sharply from May’s 6% and the highest

By Nayeli Jaramillo-Plata, CNN (CNN) — As Americans celebrate 249 years of independence with fireworks and barbecues, many businesses will be closed for the day. The Fourth of July marks the birth of American independence, the day the Declaration of Independence was adopted in 1776. As a federal holiday, the Fourth means many government offices,

CNN By Nayeli Jaramillo-Plata, CNN (CNN) — As Americans celebrate 249 years of independence with fireworks and barbecues, many businesses will be closed for the day. The Fourth of July marks the birth of American independence, the day the Declaration of Independence was adopted in 1776. As a federal holiday, the Fourth means many government

By John Towfighi, CNN New York (CNN) — Stocks, bond yields and the dollar gained on Thursday after a strong jobs report soothed nerves about how the economy is faring during the early stages of President Donald Trump’s tariff campaign. After a shortened trading day in advance of Friday’s July Fourth holiday, the Dow closed

By Jordan Valinsky, CNN New York (CNN) — Costco has rolled out earlier shopping hours. But members will have to pay a bit more to access it. Cardholders of Costco’s priciest “Executive Member” plan, which costs $130 per year, can now exclusively enter warehouses beginning at 9 am through 10 am Sunday through Friday. On

By Auzinea Bacon and Ramishah Maruf, CNN (CNN) — Every Fourth of July, thousands descend on the Coney Island boardwalk to watch the Nathan’s Famous Hot Dog Eating Contest. It’s the busiest day of the year for the Brooklyn neighborhood — and a boon to its businesses. For more than a century, New Yorkers have

By Sam Hudson, CNN London (CNN) — Switching to a four-day work week can be good for the bottom line, according to the results of a new trial in the United Kingdom. For six months between last November and April, nearly 1,000 employees across 17 companies and other organizations were given an additional day off

By Brian Stelter, CNN (CNN) — Paramount Global is being hammered for bowing to presidential pressure and settling a lawsuit that it likely could have beaten in court. But this convoluted episode is really more about the plaintiff, President Trump, than about Paramount. “It is odd to call this a ‘settlement’ when the result of

By Vanessa Yurkevich, CNN New York (CNN) — This Fourth of July, millions of Americans will be hitting the road, feasting on barbecue fixings, while watching firework displays. Here’s how much it will all cost. Inflation is at its lowest level since 2020, while gas prices are the cheapest they’ve been in four years. But

By Clare Duffy, CNN New York (CNN) — When Karandeep Anand’s 5-year-old daughter gets home from school, they fire up the artificial intelligence chatbot platform Character.AI so she can chat about her day with her favorite characters, such as “Librarian Linda.” Anand’s experience using the product as a parent might be helpful now that he’s

By John Liu, CNN Hong Kong (CNN) — The administration of US President Donald Trump has lifted restrictions on exports of chip design software to China, as Washington and Beijing work to dial down hostilities as part of a recent trade agreement. All three leading chip design software companies – Synopsys, Cadence and Siemens –

By Liam Reilly, CNN (CNN) — Dr. Phil’s TV network, Merit Street Media, filed for bankruptcy on Wednesday and sued Christian television giants Trinity Broadcasting Network and TCT Ministries for allegedly harming its business and contributing to its financial woes. The lawsuit, filed by Fort Worth-based Merit Street with the US Bankruptcy Court in the

By Clare Duffy, CNN New York (CNN) — Microsoft is laying off thousands of employees, its third round of cuts in recent months, the company confirmed on Wednesday. The staff reduction will affect less than 4% of the company’s total workforce, or around 9,000 workers, according to a company spokesperson. It marks the tech giant’s

CNN By Brian Stelter and Liam Reilly, CNN (CNN) — CBS News parent Paramount Global has agreed to pay $16 million to resolve an extraordinary lawsuit filed by President Donald Trump over a “60 Minutes” news report last fall. The long-gestating and highly controversial settlement payment was announced by Paramount late Tuesday night. Paramount said

By Elisabeth Buchwald and Alejandra Jaramillo, CNN (CNN) — Against a ticking clock, President Donald Trump said Wednesday the United States has reached a trade agreement with Vietnam, pulling off the administration’s third significant deal ahead of a self-imposed July 9 deadline. Still, the state of global trade largely remains in flux. “I just made