Money

By Chris Isidore, CNN (CNN) — It’s called a chicken tax, but it’s levied on pickups. And it shows just why President Donald Trump’s tariffs could change the US economy longer than you might think. President Lyndon Johnson imposed the chicken tax in 1963, but it’s still in effect today, even though its supposed reason

By Reuters (CNN) — A Boeing jet intended for use by a Chinese airline landed back at the planemaker’s U.S. production hub on Saturday, a victim of the tit-for-tat bilateral tariffs launched by President Donald Trump in his global trade offensive. The 737 MAX, which was meant for China’s Xiamen Airlines, landed at Seattle’s Boeing

By Nayeli Jaramillo-Plata, CNN (CNN) — April 20, or “4/20,” is the unofficial holiday for cannabis culture. While the origins of “weed day” are a bit hazy — the most widely accepted story traces back to a group of California high schoolers who met at 4:20 pm to smoke marijuana — 4/20 has gained mainstream

By Alicia Wallace, CNN (CNN) — Small businesses are the backbone of the US economy, homegrown companies that would seem to be exactly what President Donald Trump aims to protect as part of his “America First” trade agenda. But for many small business owners, the years of hard work and the optimistic outlooks have unraveled

By Reuters (Reuters) — DHL Express, a division of Germany’s Deutsche Post, said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21, as US customs regulatory changes have lengthened clearance. The notice on the company website was not dated, but its metadata showed it was compiled

By Nayeli Jaramillo-Plata, CNN (CNN) — Before you hop out the door this Easter Sunday, it may be worth checking what’s open as some places aren’t cracking their doors. Easter falls on April 20 this year. While it’s not a federal holiday, it’s widely observed across the United States, and many businesses either close or

By Allison Cho and Ramishah Maruf, CNN (CNN) — In Flushing, Queens, fresh produce, soy sauces and seaweed-flavored snacks line the aisles at Chang Jiang Supermarket. Chang Jiang sits amid a row of stores in this majority-Asian community, where colorful storefronts feature signs in Chinese and fresh fruit is sold in boxes on the sidewalk.

By Elisabeth Buchwald, CNN New York (CNN) — There could very soon be a new biggest credit card company in the United States. Capital One (COF) received approval from the Federal Reserve’s Board of Governors and the Office of the Comptroller of the Currency to acquire and merge with Discover Financial Services (DFS), the agencies

By Alexandra Skores, CNN (CNN) — If you’ve received a text claiming you owe unpaid tolls, you’re not alone. Over 60,000 complaints were made to the FBI’s Internet Crime Complaint Center last year about unpaid toll scams. People all over the country are being contacted, mostly via text messages, and being told they owe money

By Nayeli Jaramillo-Plata, CNN (CNN) — Americans are nervous about their investment portfolios, and it’s easy to see why, given escalating trade tensions and gloomy economic forecasts. The probability of a US recession within the next 12 months has jumped to 45% from 25% last month — the highest since December 2023, a recent Reuters

By Bryan Mena and Elisabeth Buchwald, CNN Washington/New York (CNN) — President Donald Trump on Thursday again made clear his disdain for Federal Reserve Chair Jerome Powell, going so far as to say the central banker’s “termination can’t come fast enough” and saying in an Oval Office event that Powell will “be out of there

By Kathleen Magramo and Anna Cooban, CNN (CNN) — The United States has unveiled plans to impose new port fees on Chinese ships, saying it aims to revive American shipbuilding against China’s dominance in the industry. President Donald Trump has embarked on a sweeping trade war with China, a move his administration portrays as a

CNN Jade Walker, CNN (CNN) — President Donald Trump announced on social media this week that grocery prices are “going down.” But that doesn’t seem to be the case in my neck of the woods (nearly $11 for a bag of Ghirardelli semisweet chocolate chips? Seriously?). CNN did a fact-check and it turns out Trump’s

By Brian Fung and Clare Duffy, CNN New York (CNN) — Google has illegally built “monopoly power” with its web advertising business, a federal judge in Virginia has ruled, siding with the Justice Department in a landmark case against the tech giant that could reshape the basic economics of running a modern website. The ruling

By Chris Isidore, CNN (CNN) — Ford is warning its dealers that tariffs will likely raise prices in the coming months, the latest impact the import taxes will have on Americans’ finances. President Donald Trump’s 25% tariffs on all imported cars went into effect April 3. In a memo to Ford dealers first reported by

By John Towfighi, CNN New York (CNN) — US stocks were mixed Thursday as President Donald Trump touted trade deal progress with Europe and China and investors digested a threat from the president to fire Federal Reserve Chair Jerome Powell. Stocks initially wavered Thursday morning after Trump called for Powell’s “termination” for not cutting interest

By Jordan Valinsky, CNN New York (CNN) — When Coca-Cola fully took control of BodyArmor in 2021 in a $5.6 billion deal, the company had the goal of it “becoming the #1 global sports drink,” toppling PepsiCo’s Gatorade from its top-selling position. About four years later, BodyArmor remains stuck behind rival Gatorade and sister brand

By Anna Cooban, CNN London (CNN) — The European Central Bank cut its main interest rate by a quarter of a percentage point Thursday, citing growing trade tensions after US President Donald Trump’s tariffs sparked a global trade war. While the 20 countries that use the euro have built up “resilience against global shocks,” the

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Thursday ratcheted up his criticism against Federal Reserve Chair Jerome Powell, calling for his “termination” for not cutting interest rates quickly enough. His comments come one day after the central bank chief delivered a stark warning about the effect of Trump’s sweeping tariffs on