Money

By John Towfighi, CNN New York (CNN) — Copper is at the core of the American economy. It’s in the wires of our pervasive electronics, in the walls of homes and in the engines of cars. Experts say President Donald Trump’s plan for tariffs on the red metal could stymy the goal of boosting American

By Samantha Delouya, CNN (CNN) — Joe Dalesandro didn’t expect to keep his mortgage rate at 6.99% for very long when he purchased a new home with his girlfriend last summer in Myrtle Beach, South Carolina. He’d refinance soon, he reasoned. He was wrong. “We always thought they would go down, and fairly quickly,” Dalesandro

By John Towfighi, CNN New York (CNN) — President Donald Trump’s signature tax and spending legislation is providing short-term clarity for Wall Street — but fueling concerns about the long-term health of the US economy, investors say. The “One Big Beautiful Bill,” which Trump signed into law on July 4, is a positive for investors

By John Liu, CNN Hong Kong (CNN) — China has put export restrictions on technologies critical for producing electric vehicle batteries, in a move to consolidate its dominance in the sector that has contributed to the country’s lead in the global EV race. Several technologies used to manufacture EV batteries and process lithium, a critical

By Betsy Klein, CNN (CNN) — President Donald Trump announced what could be refreshing news to some Americans on Wednesday: thanks to him, Coke is changing its American recipe. “I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so. I’d like

Story by Reuters (Reuters) — Canadian retailer Alimentation Couche-Tard on Thursday pulled its $47 billion bid to buy Seven & i Holdings, citing a lack of constructive engagement by the Japanese retailer. The surprise move ends what could have been the largest foreign takeover of a Japanese company as Circle K operator Couche-Tard sought to

By Jordan Valinsky, CNN New York (CNN) — Diageo, the world’s biggest spirits maker, announced Wednesday that CEO Debra Crew is stepping down by “mutual agreement” after just two years in the role. The abrupt change comes amid sluggish sales across the alcohol industry, which has also affected Diageo brands Johnnie Walker whiskey, Casamigos tequila

By Alicia Wallace, CNN (CNN) — US wholesale inflation was muted in June, presenting what would seem to be a better-than-expected outcome amid President Donald Trump’s hefty tariffs on global trading partners. However, a steep drop-off in travel and other services camouflaged an increase in the cost of goods. The Producer Price Index, which measures

By Brian Stelter, CNN (CNN) — PBS and NPR stations are on the verge of losing the federal funding that has helped keep them on the air for decades. The Senate and the House have passed a rare measure called a “rescission,” which would claw back money that was already budgeted by Congress, including nearly

By Clare Duffy, CNN New York (CNN) — For Silicon Valley giants, getting ahead in the artificial intelligence race requires more than building the biggest, most capable models; they’re also competing to get third-party developers to build new applications based on their technology. Now, Meta is teaming up with Amazon’s cloud computing unit, Amazon Web

By Tami Luhby, CNN (CNN) — Battered by multiple years of high health care costs, employers are planning to shift more of the expense to workers in 2026, a new survey released Wednesday found. Just over half of employers are planning to adjust their health insurance offerings to increase staffers’ share of the cost, such

By John Liu, CNN (CNN) — The United States has launched an investigation into “unfair” trading practices by Brazil, escalating President Donald Trump’s spat with the world’s 10th-largest economy over issues including the criminal case against its former President Jair Bolsonaro. The investigation will focus on digital trade and electronic payment services, preferential tariffs, and

By Ramishah Maruf and Bryan Mena, CNN CNN (CNN) — President Donald Trump suggested that a $2.5 billion renovation plan at the Federal Reserve might be sufficient cause to fire Fed Chair Jerome Powell, an escalation of his recent attacks against the central banker. “I think he’s terrible… But the one thing I didn’t see

By Lisa Eadicicco, CNN (CNN) — President Donald Trump on Tuesday announced an investment of more than $90 billion from private companies across tech, energy and finance to turn Pennsylvania into a hub for artificial intelligence — a technology that’s expected to upend everything from the economy to health care and education. The announcement was

By Brian Stelter and Andrew Kirell, CNN (CNN) — Fall in line, or keep fighting for answers? That’s the rift in right-wing media now. Fox News has taken President Trump’s plea for his allies to stop talking about Jeffrey Epstein almost literally. But many other conservative media influencers and outlets are still heavily scrutinizing the

By Lisa Eadicicco, CNN (CNN) — Apple is investing $500 million in a deal with US rare earths company MP Materials as the iPhone maker faces pressure from President Donald Trump to produce its popular smartphones domestically. As part of the partnership announced on Tuesday, Apple committed to buying rare earth magnets directly from MP

By Elisabeth Buchwald, CNN Washington (CNN) — President Donald Trump said Tuesday the United States has reached a trade agreement with Indonesia, after negotiations Jakarta described as an “extraordinary struggle.” The deal will see the US impose a 19% tariff on Indonesia’s exports, a reduction from the 32% Trump had initially threatened to impose on

By Alicia Wallace, CNN (CNN) — US inflation heated back up in June, rising to its highest level in four months, as price increases — including those from tariffs — packed a bigger punch. Consumer prices rose 0.3% last month, pushing the annual inflation rate higher to 2.7%, the highest since February, according to the

By Jeanne Sahadi, CNN (CNN) — “Never mind. Pretend like nothing ever happened.” That might as well have been the text of one provision in President Donald Trump’s mega tax-and-spending-cuts package that reverses more stringent tax-reporting requirements for payment apps when it comes to telling the IRS how much small businesses and freelancers are taking

By Tami Luhby, CNN (CNN) — Americans’ unpaid medical bills will remain on their credit reports after a federal judge last week vacated a Biden-era Consumer Financial Protection Bureau (CFPB) rule that would have removed such debt. Judge Sean Jordan of the US District Court of Texas’ Eastern District found that the rule exceeded the