Money

By Alexandra Skores, CNN Washington, DC (CNN) — For decades, US officials liked to say the nation’s aviation system was the “gold standard” for safety. A House hearing on Tuesday cast doubt on that assertion. At the hearing, on problems with the nation’s air traffic control system, lawmakers pressed aviation organizations on aging infrastructure, chronic

By Bryan Mena, Elijah Shama and Vanessa Yurkevich, CNN (CNN) — US Commerce Secretary Howard Lutnick said that President Donald Trump could announce a trade deal with Mexico and Canada as soon as tomorrow, just one day after the US imposed punishing tariffs on the two nations and sparked retaliatory levies. “I think he’s going

CTV-NETWORK, CNN By Elisabeth Buchwald, CNN (CNN) — President Donald Trump’s blanket 25% tariffs on Mexico and Canada took effect on Tuesday, an extraordinary action aimed at bringing America’s top trading partners to heel. But it threatens to weaken the North American economy, including that of the United States, at a time of significant stress

By Chris Isidore, CNN New York (CNN) — American asset management giant BlackRock has agreed to buy two ports at either end of the Panama Canal from a Hong Kong-based firm whose ownership had angered President Donald Trump. Trump said several times during the lead-up to his inauguration and since taking office that he intends

By Clare Duffy, CNN New York (CNN) — YouTube is cracking down on content related to gambling as sports betting and other online prediction markets have taken off in the United States. The platform announced Tuesday it will no longer allow content that directs users to “unapproved” gambling websites through links, images, text, logos or

By Lucy Bayly and John Towfighi, CNN New York (CNN) — US stocks whipsawed Tuesday after President Donald Trump made good on his threat to levy tariffs on Canada and Mexico, paving the way for a global trade war as leaders of both trading partners threatened retaliation. The hefty tariffs imposed by the Trump administration

By Alexandra Skores, CNN (CNN) — Need an Uber? How about one without a driver? Beginning Tuesday, rideshare hailers on Uber in Austin, Texas, can call a driverless Waymo, from Google’s parent company, Alphabet, for the first time. Travelers will be able to book rides across 37 square miles in Austin, the backyard of competitor

By Nathaniel Meyersohn, CNN New York (CNN) — Two of America’s largest retailers, Target and Best Buy, warned Tuesday that prices will increase following President Donald Trump’s tariffs on imported goods from Mexico, Canada and China. Target’s CEO said the price increases could happen a lot sooner than you think. Trump’s blanket 25% tariffs on

By Alicia Wallace and Matt Stiles, CNN (CNN) — President Donald Trump on Tuesday will address Congress for the first time in his second term, and he’ll do so with an economy that is mostly chugging along. However, recent data has contained some warning signals that momentum could be slipping at a time when the

By Elisabeth Buchwald, CNN (CNN) — American consumers and businesses stand to pay a hefty price for the tariffs President Donald Trump enacted on the nation’s top three trading partners. With only a slim exemption for some Canadian energy products, everything the US imports from those three nations is subject to tariffs of at least

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump’s blanket 25% tariffs on Mexico and Canada took effect on Tuesday, an extraordinary action aimed at bringing America’s top trading partners to heel. But it threatens to weaken the North American economy, including that of the United States, at a time of significant stress for inflation-weary

CNN By Elisabeth Buchwald, CNN (CNN) — American consumers and businesses stand to pay a hefty price for the tariffs President Donald Trump enacted on the nation’s top three trading partners. With only a slim exemption for some Canadian energy products, everything the US imports from those three nations is subject to tariffs of at

By John Towfighi, CNN (CNN) — Tariffs might be President Donald Trump’s favorite word. To legendary investor Warren Buffett, there is less to be excited about. “Tariffs are actually — we’ve had a lot of experience with them — they’re an act of war, to some degree,” Buffett said in an interview with CBS that

By Clare Duffy, CNN New York (CNN) — Chipmaking giant Taiwan Semiconductor Manufacturing Company plans to invest at least $100 billion to grow its US manufacturing operations, President Donald Trump announced from the White House on Monday alongside the firm’s CEO C.C. Wei, Commerce Secretary Howard Lutnick and White House AI and Crypto Czar David

By Anna Cooban, CNN London (CNN) — The stocks of European defense companies soared Monday as investors anticipate massive increases in military spending by governments in the region amid its growing rift with the United States. The STOXX Europe Total Market Aerospace & Defense index had surged almost 7.9% by early afternoon local time, which

By Jordan Valinsky, CNN New York (CNN) — Pour one out for the espresso Frappuccino. And another for the iced matcha lemonade. And another for several other Starbucks drinks that the coffee chain is eliminating from its menu. Monday marks the final day 13 drinks will be served at Starbucks as the company looks to

By Jordan Valinsky, CNN New York (CNN) — Kroger CEO Rodney McMullen is resigning immediately from the grocery store chain following an investigation that found his personal conduct was “inconsistent” with the company’s ethics policies. Last month, Kroger said it was “made aware of certain personal conduct” of McMullen, prompting the board to conduct an