Money

By Chris Isidore, CNN New York (CNN) — The Commerce Department has changed its rules in a way that could open the door for Starlink, Elon Musk’s satellite internet service, to become part of a federal $42 billion grant program to bring high-speed service to rural and poor areas of the United States. The rules

By John Towfighi, CNN New York (CNN) — The rocky week on Wall Street continued on Thursday as investors grappled with further uncertainty from President Donald Trump’s tariffs. US stocks opened sharply lower but fluctuated on the mixed messaging coming from the White House. All three major indexes closed lower, despite Trump announcing a nearly

CTV NETWORK, WZTV, BROWN-FORMAN, CNN By Jordan Valinsky, CNN New York (CNN) — After Canada pulled American-made spirits off its shelves following President Donald Trump’s implementation of tariffs on Canadian imports, the CEO of Brown-Forman, which makes Jack Daniel’s whiskey and other liquors, blasted the move as “disproportionate.” “That’s worse than a tariff because it’s

By Jordan Valinsky, CNN New York (CNN) — After Canada pulled American-made spirits off its shelves following President Donald Trump’s implementation of tariffs on Canadian imports, the CEO of Brown-Forman, which makes Jack Daniel’s whiskey and other liquors, blasted the move as “disproportionate.” “That’s worse than a tariff because it’s literally taking your sales away,”

By Alicia Wallace, CNN (CNN) — The Trump administration’s massive federal cuts and swelling feelings of economic uncertainty helped fuel a recession-level spike in layoff plans last month, new data showed Thursday. US-based employers last month announced plans to slash 172,017 jobs, a 103% increase from January and the highest February total since 2009, according

By Alicia Wallace, CNN (CNN) — President Donald Trump’s tariffs have been met with alarm and concern about how steep import taxes against the United States’ three biggest trading partners not only could harm the economy in the immediate term but also could set off a devastating trade war. To be fair, the broad-based tariff

By Jeanne Sahadi, CNN (CNN) — Last year was a pretty good year if you were among the tens of millions of employees who put their savings to work in a 401(k) plan. Sure, strong returns on the S&P 500 helped. It rose nearly 25% for the year. Same goes for the Nasdaq, which was

By Matt Egan, CNN New York (CNN) — The Tariff Man sequel is proving to be even more confusing and chaotic than the original. Each week, new tariffs are threatened against friends and foes alike, on an ever-growing list of products. Administration officials hint at compromises, only to be contradicted by the boss. Some tariffs

By John Liu, CNN Hong Kong (CNN) — Chinese tech giant Alibaba unveiled its latest artificial intelligence reasoning model on Thursday, boasting that its capabilities beat those of rival models from OpenAI and startup DeepSeek. The news prompted Alibaba’s Hong Kong-listed shares to close 8% higher on the day and helped boost the Hang Seng’s

By Nectar Gan and Juliana Liu, CNN Hong Kong (CNN) — Fresh off the global success of DeepSeek’s latest artificial intelligence reasoning model, China’s top economic officials have vowed to set up a state-backed fund to support technological innovation. The “state venture capital guidance fund” will focus on cutting-edge fields such as artificial intelligence, quantum

By Anna Cooban and Olesya Dmitracova, CNN London (CNN) — 2025 has not been kind to Europe so far. The risk of war on the continent has been declared the highest it’s ever been, while data has shown the mighty US economy pulling even further ahead of its European counterpart. As a rapid rise in

CNN By Nathaniel Meyersohn, CNN New York (CNN) — Target is facing a 40-day consumer boycott starting Wednesday over the company’s shift away from diversity, equity and inclusion (DEI) policies. “We’re asking people to divest from Target because they have turned their back on our community,” Rev. Jamal Bryant, a prominent Atlanta-area megachurch pastor who

By Hadas Gold, CNN (CNN) — Elon Musk says that he believes the US Postal Service and Amtrak need to be privatized and that “we should privatize anything that can reasonably be privatized.” Speaking virtually at the Morgan Stanley Technology Media & Telecom conference, Musk said it’s “kind of embarrassing” how other countries have “way

By Liam Reilly, CNN (CNN) — Tom Llamas will replace Lester Holt as the face of “NBC Nightly News.” Llamas is expected to take over the anchor seat as well as managing editor duties this summer, the broadcaster shared on Wednesday. In addition to his “Nightly News” duties, Llamas will stay on as anchor of

By Liam Reilly, CNN (CNN) — The Los Angeles Times’ billionaire owner, who unveiled an AI tool that generates opposing perspectives to be displayed on opinion stories, was unaware the new tool had created pro-KKK arguments less than 24 hours after it launched — and hours after the AI comments had been taken down. The

By John Towfighi, CNN New York (CNN) — US stocks rose Wednesday after the Trump administration announced it would grant a one-month exemption for tariffs on Canada and Mexico that affect automakers. US stocks, which had teetered during the day, surged higher after the White House confirmed the one-month exemption. The Dow jumped 615 points

By Chris Isidore, CNN New York (CNN) — The US tariffs on Canadian fuel imports could hit some parts of the country harder than others. The Northeast could see that change first, according to experts, and prices are also at risk of rising on the West Coast. But even those potential hikes would be unlikely

By Alicia Wallace, CNN (CNN) — The Trump administration’s frenetic policy changes appear to be making US businesses think twice about hiring new workers. New data released Wednesday showed that hiring by US private-sector companies fell sharply last month, much more than economists had expected. Private-sector employment increased by an estimated 77,000 jobs in February,