Money

By Chris Isidore, CNN (CNN) — Sales of electric vehicles in the United States are almost certain to tumble when the $7,500 federal tax credit for EV buyers expires on October 1. But where prices go is less certain. The tax credit, passed by the Biden administration in 2022 to support EVs, is going away

By Jeanne Sahadi, CNN (CNN) — Maybe you’ve heard of “The Gentle Art of Swedish Death Cleaning.” It’s a guide to proactively downsizing your stuff while you’re still alive. Doing so spares your heirs the mess of doing it themselves, and the potential fights they may have in the process. Similarly, you can avoid leaving

By the Associated Press (AP) — Billionaire philanthropist MacKenzie Scott has donated $70 million to the UNCF, as the nation’s largest private provider of scholarships to minority students works to raise $1 billion to strengthen all 37 of its historically Black colleges and universities. The gift is one of Scott’s largest single donations ever and

By Liam Reilly, CNN (CNN) — After remaining mum on fellow ABC host Jimmy Kimmel’s suspension last week, the hosts of “The View” on Monday spoke out against the Trump administration’s recent crackdown on free speech. “Did y’all really think we weren’t going to talk about Jimmy Kimmel? Have you watched the show over the

By Bryan Mena, CNN Washington (CNN) — Central bankers are underestimating how much pressure interest rates are putting on America’s labor market, said Federal Reserve Governor Stephen Miran, a staunch ally of President Donald Trump, on Monday. “I view policy as very restrictive, (and) believe it poses material risks to the Fed’semployment mandate,” Miran said

By Clare Duffy, CNN New York (CNN) — The White House has answered what had been one of the major outstanding questions regarding its pending deal to transfer TikTok’s US operations to a majority American ownership group: Under the agreement, the app’s algorithm will be operated in the United States and overseen by Oracle. The

By Jordan Valinsky, CNN New York (CNN) — The Federal Trade Commission’s long-awaited trial against Amazon begins this week, with the e-commerce giant’s cancellation practices under the microscope. The lawsuit, filed in 2023 under the Biden administration, accuses Amazon of tricking millions of consumers into signing up for its Prime subscription service through deceptive user

By David Goldman, CNN (CNN) — Sal Iacono, Jimmy Kimmel’s cousin and a long-time writer and performer on “Jimmy Kimmel Live!” suggested Sunday that the show may not be coming back on the air after ABC indefinitely suspended the program last week. On an episode of “The Bill Simmons Podcast” late Sunday night, Iacono said

By Brian Stelter, CNN (CNN) — Media lawyers and newsroom leaders are evaluating a government memo spelling out new rules that would sharply restrict reporting at the Pentagon. Several of the country’s biggest news outlets are publicly pushing back on the rules, foreshadowing a potential legal battle. “This policy operates as a prior restraint on

By Gordon Ebanks, CNN (CNN) — Reading levels dropped to historic lows during the pandemic. Now parents, teachers and tech companies are hoping AI can help solve America’s literacy crisis. America’s literacy challenge has been building for years, with reading scores sliding even before the pandemic pushed them to their lowest levels in decades. Educators

By Hadas Gold, CNN (CNN) — When Elon Musk and President Donald Trump’s feud reached a fever pitch, Charlie Kirk desperately wanted the two to put their fight to bed and make up. “I know both these guys … I am hopeful, optimistic and will do everything I possibly can to try and bring this

By John Towfighi, CNN New York (CNN) — The stock market is shrugging off worries about a weakening labor market and stubborn inflation, instead embracing a much-anticipated interest rate cut. That optimism still has room to run, analysts say, but stocks could hit a wall if worries about an economic slowdown and still-high prices begin

By Matt Egan, CNN New York (CNN) — The nation’s top economic statistician was fired. Central bank independence is being undermined. The federal government is buying chunks of private companies and demanding cuts of revenue streams. Presidential power to lob tariffs has been wielded in unprecedented fashion. And federal regulators are threatening media companies over

Reuters (Reuters) — Warren Buffett’s Berkshire Hathaway has fully exited Chinese automaker BYD, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period. The filing by Berkshire’s energy subsidiary recorded the value of its BYD investment as zero as of the end of March, down from $415 million at

By Auzinea Bacon, CNN (CNN) — Hollywood has long viewed anime as a modest but steady genre at the domestic box office. But the unexpected success of “Demon Slayer: Infinity Castle” has forced the industry to rethink the potential of Japanese animation to draw big audiences to theaters. “Infinity Castle,” distributed by Sony-owned Crunchyroll, fell

By Auzinea Bacon, Aileen Graef, Brian Stelter, CNN (CNN) — President Donald Trump on Sunday said tech and media giants Larry Ellison, Michael Dell, and Lachlan and Rupert Murdoch will be a part of the group to take over TikTok’s algorithm in the acquisition of the social media platform’s US operations. “You know, they’re very

By Chris Isidore, CNN (CNN) — Despite billions in tariff costs for imported autos and parts, new car prices have stayed relatively flat. But the news isn’t as good for car owners taking their vehicles to the repair shop. The price of car repairs jumped 5% just from July to August, according to the latest

By Auzinea Bacon, CNN (CNN) — President Donald Trump’s latest effort to overhaul America’s legal immigration system — raising the annual fee on H-1B visa applicants from $215 to $100,000 — could deal a major blow to some US industries that rely on skilled foreign workers. During a signing at the Oval Office Friday, Trump

By Auzinea Bacon, Clare Duffy, CNN (CNN) — The United States will have control over TikTok’s algorithm in the acquisition of the social media platform’s US operations, White House press secretary Karoline Leavitt said on Saturday. “We are 100% confident that a deal is done. Now that deal just needs to be signed, and the

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump pledged to bring down grocery costs. But his administration’s policies are contributing to an acceleration in prices, food economists and companies say. Grocery prices last month rose at their fastest pace in three years, stoked by Trump’s tariffs, a crackdown on immigration, and extreme