Money

By Clare Duffy, CNN New York (CNN) — After months of speculation and multiple bids from would-be American buyers, TikTok may finally be getting a new owner. President Donald Trump teased over the weekend that there is a buyer for TikTok, whom he will announce in two weeks, which could secure the app’s long-term future

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is threatening to impose higher tariffs on Japanese exports to the United States over what he claims is the country’s unwillingness to buy American-grown rice. “They won’t take our RICE, and yet they have a massive rice shortage. In other words, we’ll just be sending them

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Monday continued his extended attack against Federal Reserve Chair Jerome Powell and the central bank’s Board of Governors, calling for ultra-low rates in an intensifying campaign demanding interest rate cuts. Trump on his social media platform wrote that the Fed’s board “should be ashamed

By Jordan Valinsky, CNN New York (CNN) — Lululemon is suing Costco, alleging that the discount wholesaler is selling knockoffs of its $128 pants and other pricey athleisure clothing. In a lawsuit filed Friday, Lululemon said Costco has “unlawfully traded” on the athleisure brand’s “reputation, goodwill and sweat equity by selling unauthorized and unlicensed apparel

By John Towfighi, CNN New York (CNN) — US stocks gained on Monday, capping off a strong month and a remarkable second quarter for Wall Street. The Dow closed higher by 276 points, or 0.63%. The broader S&P 500 rose 0.52% and the tech-heavy Nasdaq Composite gained 0.47%. The S&P 500 and Nasdaq both closed

By Clare Duffy, CNN New York (CNN) — Joshua Aaron has worked in and around the tech industry for around two decades. He built his first app — a blackjack game — at computer camp when he was 13. His newest app is designed for a very different purpose: to let users alert people nearby

CNN By Clare Duffy, CNN New York (CNN) — Joshua Aaron has worked in and around the tech industry for around two decades. He built his first app — a blackjack game — at computer camp when he was 13. His newest app is designed for a very different purpose: to let users alert people

By Jordan Valinsky, CNN New York (CNN) — Luckin Coffee, the fast-growing chain that beat Starbucks at its own game in China, is entering the United States. Its first two US locations are opening Monday — both in New York City — marking an escalation in competition against Starbucks and other coffee chains, such as

By Luciana Lopez, CNN (CNN) — Canada will rescind a digital services tax – a way of taxing online companies – its government said on Sunday, in a bid to restart trade negotiations with the United States. US President Donald Trump on Friday canceled trade talks between the two countries, blaming the tax that he

By Samantha Delouya, CNN (CNN) — Despite daunting market conditions, America’s youngest generation of adults is managing to break into the housing market in growing numbers. Members of Generation Z, the cohort between the ages of 13 and 28, came of age during the economic upheaval of the Covid-19 pandemic. In the years since, home

By Auzinea Bacon, CNN (CNN) — A large sum of riches descended upon Venice, Italy, over the last few days for the lavish wedding of Jeff Bezos and Lauren Sanchez. Opulence has been on full display as some of the famous attendees arrived at the canal city by private planes, helicopters and yachts before they

By Sean Lyngaas, CNN (CNN) — A notorious cybercriminal group has shifted its attention to the aviation industry, successfully breaching the computer networks of multiple airlines in the United States and Canada this month, according to the FBI and private experts responding to the hacks. The hacking hasn’t affected airline safety, but it has top

By John Towfighi, CNN New York (CNN) — The Treasury Department and Congress on Thursday moved to kill a so-called revenge tax that was set to raise taxes on foreign investment and had spooked Wall Street and global business leaders. Treasury Secretary Scott Bessent on Thursday announced a deal with G7 partners that will exclude

By Auzinea Bacon, CNN (CNN) — Venice, Italy, can expect to reap a $1.1 billion reward from Jeff Bezos and Lauren Sanchez’s controversial, star-studded wedding, according to Italy’s Tourism Ministry. The ministry said Friday that the event, which has been met with fierce pushback from some Venetians, could provide a boost of almost 68% of

By John Towfighi, CNN (CNN) — Treasury Secretary Scott Bessent on Friday said he thinks trade negotiations could be “wrapped up” by Labor Day, providing a more relaxed framework for inking deals than the previously prescribed July 9 deadline. Bessent said in an interview on Fox Business that the United States has 18 “important trading

By Hadas Gold, CNN (CNN) — Last week, Grok, the chatbot from Elon Musk’s xAI, replied to a user on X who asked a question about political violence. It said more political violence has come from the right than the left since 2016. Musk was not pleased. “Major fail, as this is objectively false. Grok

By Jordan Valinsky, CNN New York (CNN) — The dreaded “blue screen of death” that has tormented millions of Windows users for decades is being put to rest. Microsoft is ditching the notorious feature that appears on Windows computers in the coming months, “streamlining the unexpected restart experience” with a new black-colored screen, the company

By Jack Guy, CNN (CNN) — The Danish government is planning to tackle the issue of AI-generated deepfakes by granting citizens property rights over their likeness and voice. The proposed legislation would mean that people who find that their features have been used to create a deepfake would have the right to ask the platforms

By Alicia Wallace, CNN (CNN) — The US economic engine sputtered in May: Consumer spending declined for the first time since January, according to new data released Friday that also showed inflation heated up on an annual basis. The Commerce Department report showed that consumer spending fell 0.1% last month after rising 0.2% in April.