Money

By David Goldman and Matt Egan, CNN (CNN) — President Donald Trump on Sunday night reiterated an extraordinary ambition he and members of his administration have voiced from time to time throughout his young second term: One day, Americans won’t pay any more income tax, and you’ll have Trump’s tariffs to thank for it. “We’re

By Jordan Valinsky, CNN New York (CNN) — CBS News’ ‘“60 Minutes” addressed the surprise exit of its longtime executive producer Bill Owens on Sunday’s program, with anchor Scott Pelley saying that “no one is happy” about his departure. In an extraordinarily blunt final segment of the news magazine show, Pelley revealed that CBS’ parent

By Olesya Dmitracova, CNN London (CNN) — DHL will resume global shipments from businesses to American consumers worth more than $800 after a suspension earlier this month, the company said Monday. Earlier in April, DHL temporarily suspended business-to-consumer (B2C) shipments of that customs value to the United States, starting from April 21 and until further

By Chris Isidore, CNN (CNN) — Things are undoubtedly bad at Tesla. Its sales are dwindling. Its profits are plunging, as is its share price. There are regular protests outside its showrooms. The Cybertruck is a flop. And somehow, it’s actually a lot worse than that. The 71% drop in net income it just reported

By Samantha Delouya, CNN (CNN) — A few weeks ago, Los Angeles real estate agent Scott Price got the kind of call that’s only happened once before in his two-decade-long career: His buyer was backing out — just two days before closing. To Price, the reason seemed to be a growing uneasiness with the economy.

By Ramishah Maruf, CNN New York (CNN) — Millennials have been through a lot. Many of the generation were young adults when the Great Recession began, and to this day, they struggle to buy homes and pay off student debt. Now these jaded millennials are sharing their wisdom with Gen Z on TikTok, posting preparation

By Nayeli Jaramillo-Plata, CNN (CNN) — In 2017, Christina and Ian Lacey decided to take a chance and leave their stable careers to turn their hobby into a small business. The risk and hard work paid off. The Denver couple started Retuned Jewelry from their home and have seen impressive returns — averaging $360,000 in

By Clare Duffy, CNN New York (CNN) — In 2016, Mark Zuckerberg and his wife, Priscilla Chan, opened a tuition-free school for low-income families in California’s Bay Area, where Meta is headquartered. Created under the couple’s philanthropy, the Chan Zuckerberg Initiative (CZI), the Primary School aimed to combine healthcare and education for students “from birth

By Jeanne Sahadi, CNN (CNN) — No one wants to be audited by the IRS. And, in fact, very few US taxpayers have been in recent years. Less than 1% of all returns filed between 2013 and 2021 had been audited as of the end of fiscal year 2023, according to IRS data. More specifically,

By Bryan Mena, CNN Washington (CNN) — Americans are still dreading a recession and rising inflation, even after President Donald Trump paused his massive tariff hike on dozens of countries. Consumer sentiment plunged 8% in April from the prior month, to a final reading of 52.2, the University of Michigan said in its latest survey

By Elisabeth Buchwald and Nathaniel Meyersohn, CNN New York (CNN) — “Cheap goods” sold on Temu and Shein aren’t as cheap as they were 24 hours ago. On Friday, the two companies raised prices on many goods in advance of new tariffs set to take effect next week. The companies had informed shoppers of the

CNN By David Goldman, CNN (CNN) — President Donald Trump said high tariffs could be here to stay and he’d declare “total victory” if import taxes were as high as 50% a year from now, according to an interview with Time released Friday. Trump has placed historic tariffs on a wide variety of imports, including

By David Goldman, CNN (CNN) — President Donald Trump said high tariffs could be here to stay and he’d declare “total victory” if import taxes were as high as 50% a year from now, according to an interview with Time released Friday. Trump has placed historic tariffs on a wide variety of imports, including a

CNN By David Goldman, CNN (CNN) — Citadel CEO Ken Griffin, a billionaire supporter of President Donald Trump and a megadonor to Republican candidates, had some unusually harsh words for the president about his trade war: It’s hurting America’s standing in the world and eroding the nation’s brand. “The United States was more than just

By Lex Harvey, CNN (CNN) — California has surpassed Japan to become the world’s fourth-largest economy, Gov. Gavin Newsom said, as he warned of the threat posed by President Donald Trump’s tariffs to the tech powerhouse’s fast-growing wealth. The Golden State’s nominal gross domestic product (GDP) reached $4.1 trillion in 2024, according to preliminary data

By John Liu and Nectar Gan, CNN Hong Kong (CNN) — China appears to have quietly rolled back retaliatory tariffs of 125% on some semiconductors made in the US, according to details provided to CNN on Friday by three import agencies in the southern technology hub of Shenzhen, as Beijing tries to soften the blow

By Liam Reilly and Kit Maher, CNN (CNN) — President Donald Trump on Thursday said he will meet with Jeffrey Goldberg, the Atlantic editor-in-chief who, in late March, was accidentally added to a Signal group chat that involved classified information and several top Trump officials. Trump said via Truth Social that he will sit for

By Lisa Eadicicco, CNN New York (CNN) — Motorola on Thursday debuted new versions of its Razr flip phone with artificial intelligence-powered features from its own AI technology as well as that of several companies, including Perplexity, Meta and Microsoft and Google. The announcement comes as Google takes the courtroom after a federal judge found

By Jordan Valinsky, CNN New York (CNN) — Peter Cancro, the founder and CEO of Jersey Mike’s Subs, is stepping back from the leadership position following an $8 billion sale that made him a multibillionaire. The fast-growing sub chain announced Thursday that Cancro will be replaced by Charlie Morrison, the former CEO of Wingstop, beginning