Money

By John Towfighi, CNN New York (CNN) — US stocks closed sharply lower Friday after President Donald Trump threatened to hike tariffs on imports from China, reigniting fears of a trade war that rocked global markets earlier this year. The Dow fell 879 points, or 1.9%. The broader S&P 500 dropped 2.71% and the tech-heavy

By Bryan Mena, CNN Washington (CNN) — Persistent worries about the higher cost of living and few job opportunities pushed consumer sentiment down to its seventh-lowest level in October, on records going back to 1952. Consumer sentiment edged a hair lower early this month to a preliminary reading of 55, the University of Michigan said

By Bryan Mena, CNN Washington (CNN) — The roughly 20 plumbers of Oak Creek Plumbing & Remodeling in the Milwaukee, Wisconsin area don’t just bring toolkits with wrenches, pliers and Teflon tape to customers’ homes these days. They also bring a tablet equipped with the latest version of ChatGPT. The technology helps those workers automatically

By Samantha Delouya, Tami Luhby, Matt Egan, CNN (CNN) — The Bureau of Labor Statistics is calling some staff back to work to prepare its closely watched inflation gauge, the Consumer Price Index (CPI) report, despite the government shutdown, a Trump administration official told CNN. The CPI report, postponed from October 15 to October 24

By Jeanne Sahadi, CNN (CNN) — The IRS on Thursday announced adjustments it is making to a host of line items on your federal tax return for this year and next. Those updates are the result of changes in inflation but also due to provisions in the new tax law enacted in July. How the

By Elisabeth Buchwald, CNN (CNN) — The Trump administration has finalized plans to provide a $20 billion lifeline to Argentina, Treasury Secretary Scott Bessent said Thursday via social media. Additionally, the United States “directly” purchased Argentine pesos, Bessent said, a rare move that marks the latest step in an attempt to stabilize the country’s financial

By John Towfighi, CNN New York (CNN) — Gold isn’t the only precious metal on a gangbusters rally. Silver prices have surged roughly 75% this year, boosted by investors seeking out safe havens, plus strong industrial demand and lingering supply deficits. Silver futures traded in New York surged 7% on Monday and hit an all-time

By Clare Duffy, CNN New York (CNN) — YouTube on Thursday will begin offering previously banned users the opportunity to create new accounts and potentially re-publish some videos that may have contributed to their termination but no longer violate YouTube’s rules. YouTube last month announced the plan to allow previously banned users and their content

By John Towfighi, CNN New York (CNN) — Enthusiasm about artificial intelligence has propelled markets to record highs this year. But the fierce ascent has also raised concerns about a bubble. AI has been the dominant theme in markets since 2022, when OpenAI first launched ChatGPT. Optimism has since spread among investors about a potential

By John Liu, CNN (CNN) — Beijing ramped up sweeping restrictions on rare earth exports on Thursday, expanding the list of minerals under control and extending curbs to target their production technologies and their overseas use, including for military and semiconductor applications. China dominates the global processing of rare earths – essential in everything from

By Hadas Gold, CNN (CNN) — Elon Musk and X have reached a settlement with a group of executives over $128 million in severance that they allege Musk had not paid since he bought what was then known as Twitter in 2022. The executives, including former Twitter CEO Parag Agrawal, former CFO Ned Segal, former

By Ramishah Maruf, CNN New York (CNN) — Every piece of gold that Farzana Ghani owns holds a memory. She has intricate jewelry sets from her mother-in-law from her wedding in Pakistan; a gold chain gifted from her mother after she performed the Hajj, the Muslim pilgrimage; and gold coins to celebrate her daughter’s birth.

By Brian Stelter, Liam Reilly, CNN (CNN) — Military officials are pushing forward with new restrictions on the Pentagon press corps despite objections from news organizations and watchdog groups. The policies “appear designed to stifle a free press” and “further isolate reporters” who are trying to do their jobs, the association representing Pentagon beat reporters

By Matt Egan, CNN New York (CNN) — Gold is having a gangbusters year — and that’s typically a red flag about the state of affairs in the world. This week, gold blew past $4,000 an ounce, and some on Wall Street are betting the rally is just getting started. When investors pile in to

By Ana Nicolaci da Costa, CNN London (CNN) — France lost its fifth prime minister in less than two years this week, just before the 2026 budget was due to be sent to parliament. Sébastien Lecornu resigned Monday after announcing a cabinet that largely retained the same ministers as under his unpopular predecessor, triggering a

By Jack Guy, CNN (CNN) — Denmark will move to ban social media for children under 15, Prime Minister Mette Frederiksen said Tuesday, saying the online platforms are “stealing our children’s childhood.” Speaking at the opening of the Danish parliament, Frederiksen said her government would propose a ban that also gives parents the option to

By Jordan Valinsky, CNN New York (CNN) — Domino’s Pizza is giving itself a major makeover — and introducing a snappy jingle — in hopes of holding on to customers’ limited attention. The chain unveiled Wednesday its first refresh in 13 years. encompassing a bolder logo with brighter colors, new employee uniforms and pizza boxes,

By John Liu, Junko Ogura, CNN Hong Kong/Tokyo (CNN) — Japan’s favorite beer brand is reeling from a cyberattack that paralyzed its production last week. Its factories have started brewing again, and some truckloads of beer are leaving its warehouses, but the attack has spotlighted the poor cybersecurity readiness among top-tier companies in the world’s

By Chris Isidore, CNN (CNN) — Tesla has unveiled the long-promised cheaper versions of its two main cars, dubbed the Model 3 Standard and Model Y Standard, after the expiration of the $7,500 tax credit for American buyers of most of its cars. Tesla said the new Model 3 Standard will cost $38,630, including destination

By Reuters (CNN) — Gold prices hit $4,000 per ounce Tuesday for the very first time, driven by strong investment demand amid broader geopolitical and economic uncertainty, along with expectations of further interest rate cuts from the Federal Reserve. Gold has climbed 51% so far this year on sizable central bank buying, increased demand for