Money

By Elisabeth Buchwald, CNN (CNN) — The US government has collected $1 billion in de minimis tariff revenue since rolling back the exemption on low-value packages this spring, according to new data that Customs and Border Protection shared exclusively with CNN. The exemption applied to goods worth less than $800 and contributed to the proliferation

By Brian Stelter, CNN (CNN) — The Oscars telecast will move from broadcasting to streaming in 2029, switching from ABC to YouTube — a watershed moment for the entertainment business. The Academy of Motion Picture Arts and Sciences said Wednesday that YouTube signed a “multi-year deal” for the “exclusive global rights to the Oscars.” The

By Chris Isidore, CNN (CNN) — Federal prosecutors have charged top executives at the subprime auto lender Tricolor with conspiring to defraud lenders and investors of the now-bankrupt company. Tricolor, which went out of business in September, specialized in offering loans and selling used cars to buyers without Social Security numbers or credit histories, often

By Liam Reilly, CNN (CNN) — Warner Bros. Discovery has officially rejected Paramount’s hostile takeover bid, advising its shareholders to do the same. But the battle is far from over. Let’s break down what just happened and what to expect next. So, what just happened? Early Wednesday morning, Warner Bros. Discovery, CNN’s parent company, published

By Lauren Kent, Olesya Dmitracova, CNN (CNN) — The European Union is on the precipice of a momentous decision on whether to use frozen Russian assets to finance more support for Ukraine, an unprecedented plan that has set up a clash between the many member states that support it and Belgium, where the lion’s share

By Chris Isidore, CNN (CNN) — California is threatening to ban sales of Tesla cars in the state for 30 days after a regulator said the term “Autopilot” for its driver assist feature constitutes false advertising. The California Department of Motor Vehicles could have halted Tesla sales in the state immediately, under terms of a

By Brian Stelter, CNN (CNN) — Warner Bros. Discovery is officially rejecting Paramount’s buyout offer, calling it “illusory” and arguing that the existing plan to sell most of the media company to Netflix is a better deal for shareholders. Warner, abbreviated as WBD, is the parent company of CNN. On Wednesday morning, the company filed

By Lisa Eadicicco, CNN (CNN) — One of the Apple Watch’s biggest threats has no screen, weighs about a fifth of an ounce and charges a monthly subscription for most of its features. Yet Oura is on pace for $1 billion in sales this year, boosted by its presence on the fingers of celebrities including

By Jeanne Sahadi, CNN (CNN) — The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of some of the key ones before preparing your 2025 tax return. Some

By Nayeli Jaramillo-Plata, Matt Egan, CNN New York (CNN) — President Donald Trump promised voters in 2024 that if they returned him to the White House, his policies would deliver a blue-collar jobs boom. “We’re going to have a manufacturing boom,” Trump said during a September 2024 rally in battleground Georgia. Trump said his policies

By Lianne Kolirin, CNN London (CNN) — Plans to ban the sale of new combustion engine cars in the European Union by 2035 have been thrown into turmoil after pressure from car manufacturers. On Tuesday, the European Commission proposed applying the ban, approved in 2023, to only 90% of vehicles, down from 100%. This means

By David Goldman, CNN (CNN) — America’s cost-of-living problem is simple math: Inflation spiked several years ago and paychecks haven’t had enough time to catch up. The latest jobs report revealed Tuesday that the problem got even worse last month – and a separate inflation report Thursday could show that the crunch is really on.

By Brian Stelter, Liam Reilly, CNN (CNN) — After months of speculation about his future on the radio, Howard Stern has signed a new contract with SiriusXM. Stern announced his new deal with the satellite radio giant on his show Tuesday morning. “I’m happy to announce that I figured out a way to have it

By Jack Guy, CNN (CNN) — “Slop,” a term used to describe low-quality digital content, has been named word of the year by the Merriam-Webster dictionary. The dictionary defines slop as “digital content of low quality that is produced usually in quantity by means of artificial intelligence.” A statement from Merriam-Webster cites examples such as

By Chris Isidore, CNN (CNN) — President Donald Trump has a tiny solution to a big problem: have US factories manufacture very small cars, like the ones found in Asia and Europe, to drive down giant price tags. “Manufacturers have long wanted to do this, just like they are so successfully built in other countries,”

By Alicia Wallace, CNN (CNN) — The US labor market grew even more exclusive in November. Unemployment rose to a four-year high of 4.6% in November, and the economy added 64,000 jobs last month, new data from the Bureau of Labor Statistics showed Tuesday. Last month’s job gains, which came in higher than expected, followed

By Chris Isidore, CNN (CNN) — Ford on Monday said it is pulling back on its electric vehicle plans, a move that will result in a $19.5 billion charge against its earnings to be taken mostly in the current quarter. But excluding that charge, the company said this should actually be a fairly good quarter