Money

By Elisabeth Buchwald, CNN (CNN) — The Federal Reserve on Wednesday painted a picture of an economy reshaped dramatically by Donald Trump and his economic policy. It warned tariffs would slow the economy and raise inflation, increasing the risk of dreaded “stagflation,” an economic curse that is hard to escape. Eager to soothe worried investors,

By Jordan Valinsky, CNN New York (CNN) — Say your final farewells to the “Loaded Mashed Potato Omelette,” because it’s one of the more than dozen menu items that the Cheesecake Factory has eliminated from its menu as part of a broader shakeup. The Cheesecake Factory’s massive, spiral-bound menu, which has more than 250 items,

By Hadas Gold, CNN New York (CNN) — Larry Taunton was in bed around 1 a.m. on Sunday in his Alabama home when he noticed his dog, Ranger, getting worked up. “His ears were up and moving like satellite dishes,” Taunton told CNN in an interview. He noticed a flicker of light, and then the

CNN By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Wednesday’s decision, which comes at the conclusion of the Fed’s two-day monetary policy meeting, shows that central bankers are waiting for evidence that inflation

By Jeanne Sahadi, CNN (CNN) — The Federal Reserve on Wednesday decided yet again to stand pat on interest rates. Despite the Fed’s inaction, there are still opportunities to maximize the interest you earn on your savings or reduce what you pay on your debts. Given the Trump administration’s whipsaw tariff policies and its smiting

By Ramishah Maruf and Alexandra Skores, CNN New York (CNN) — Amtrak CEO Stephen Gardner is stepping down from his position to “to ensure that Amtrak continues to enjoy the full faith and confidence of this administration,” he announced in a statement. The decision comes as Department of Government Efficiency (DOGE) head Elon Musk said

By Jordan Valinsky, CNN New York (CNN) — Tesla’s display at this week’s Vancouver International Auto Show was removed by event organizers because of safety issues revolving around the Elon Musk-led company. An auto show spokesperson said in a statement to CNN that Tesla was “removed” following “multiple opportunities to voluntarily withdraw” from the event,

By Jordan Valinsky, CNN New York (CNN) — Ben & Jerry’s is accusing its parent company Unilever of breaching its merger agreement by ousting the ice cream company’s CEO for the brand’s repeated public comments on progressive issues, removing its chief executive without the board’s approval. It’s the latest escalation of an increasingly ugly dispute

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Wednesday’s decision, which comes at the conclusion of the Fed’s two-day monetary policy meeting, shows that central bankers are waiting for evidence that inflation is

By Ramishah Maruf, CNN New York (CNN) — President Donald Trump fired two Democratic members of the Federal Trade Commission on Tuesday, with both commissioners saying they were ”illegally fired.” Commissioner Alvaro Bedoya posted a scathing critique of the Trump administration on X after the firing. “I’m a commissioner of the Federal Trade Commission. The

By Lisa Eadicicco, CNN New York (CNN) — Nvidia on Tuesday revealed more details about its next artificial intelligence chip platform, Blackwell Ultra, which it says will help apps reason and act on a user’s behalf – two capabilities that would take AI beyond chatbots further into real life. Blackwell Ultra, which the company detailed

By Vanessa Yurkevich, CNN New York (CNN) — The Trump administration is declaring victory for defeating a massive pain point for inflation-weary Americans: Egg prices are plunging. “When I took it over, eggs were through the roof, and now eggs are down,” President Donald Trump said Sunday aboard Air Force One. White House Press Secretary

By Sebastian Shukla and Nadine Schmidt, CNN Berlin (CNN) — The German chancellor-in-waiting, Friedrich Merz, has won a vote in parliament to allow a huge increase in state borrowing that is set to super-charge the country’s military spending. The victory completes a Damascene conversion in German politics – using the outgoing parliamentary arithmetic. After a

By Elisabeth Buchwald, CNN New York (CNN) — Is a recession brewing in the US? The answer to that question will vary depending on whom you ask in the Trump administration — and when. Wall Street plunged last week after President Donald Trump said he was not ruling out a recession and that Americans should

By Matt Egan, CNN (CNN) — Google announced a deal Tuesday to buy rapidly growing cybersecurity firm Wiz for $32 billion. It would be the tech giant’s biggest-ever acquisition. The all-cash takeover of privately held Wiz represents a big bet by Google on cloud security and cybersecurity in this period of explosive growth for artificial

By John Towfighi, CNN New York (CNN) — March has been a dizzying month for US markets. The S&P 500 just posted two days of back-to-back gains, but the benchmark index is still down almost 5% this month. President Donald Trump’s tariff announcements have roiled markets and sent US stocks bouncing all over the place.

By Anna Cooban, CNN London (CNN) — Volkswagen’s Audi luxury brand has announced it will cut thousands of jobs over the next few years, in the latest sign of trouble in Germany’s auto sector. The automaker said in a statement Monday that it would slash up to 7,500 jobs at its German sites by 2029

By Brian Stelter and Christian Edwards, CNN (CNN) — One of the US-funded international networks in President Trump’s crosshairs is going to court to contest his shutdown order. Radio Free Europe/Radio Liberty, which broadcasts news and information in 27 languages across Eastern Europe, Asia and the Middle East, said in a statement last weekend’s grant

By Nathaniel Meyersohn, CNN New York (CNN) — Americans are cutting back on Doritos, Goldfish and Hostess cakes. It’s not for their health, however – it’s a sign that even small indulgences have gotten too expensive for many to afford. “Consumers are cutting back on non-essentials and stretching the value they get out of every

By Juliana Liu, CNN Hong Kong (CNN) — Officials in Beijing and Hong Kong spoke out Tuesday against a proposal to sell ports in the Panama Canal to a consortium led by BlackRock, sending shares in the Hong Kong-based conglomerate that owns the ports plummeting. It’s unclear how regulators could interfere with the plan, which