Money

CNN By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Wednesday unveiled expansive new tariffs in a major escalation of his trade war, referring to the historic move as a “declaration of economic independence.” Trump’s risky bet to address unfair trade practices could send prices higher for American consumers and weaken economic growth,

CNN staff (CNN) — Sweeping new tariffs are set to be rolled out by the Trump administration on Wednesday, potentially raising the costs for almost everything Americans buy. With inflation and high interest rates already contributing to vulnerabilities among consumers, CNN is asking you to tell us how all of this is changing your spending

By Ramishah Maruf, CNN New York (CNN) — With a 25% tariff about to hit every imported car, many Americans are wondering whether it’s better to buy or lease a vehicle before tariffs go into effect, or wait to see how things will play out. The simple answer is to buy now, experts say, especially

By Lisa Eadicicco, CNN New York (CNN) — Nintendo on Wednesday announced the Switch 2, the sequel to its wildly successful hybrid game console from over eight years ago. Now, the video game company must prove that it can follow one blockbuster hit with another, a goal it’s struggled to achieve in the past. Nintendo

CNN By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is stepping up his massive global trade war, a move that’s certain to weigh on Americans’ wallets and could push the US economy into a painful recession. On Wednesday, Trump declared a national economic emergency and announced tariffs of at least 10% across all countries,

KCNC, WCCO, CNN By Chris Isidore, CNN (CNN) — Tesla sales plunged 13% in the first three months of this year, as the company reported the largest drop in deliveries in its history by far, as backlash against CEO Elon Musk, and growing competition from other automakers’ electric vehicles, took a large bite out of

By Chris Isidore, CNN (CNN) — Tesla sales plunged 13% in the first three months of this year, the largest drop in deliveries in its history, as backlash against CEO Elon Musk and growing competition took a large bite out of demand for its EVs. Tesla reported Wednesday that it delivered 336,681 cars in the

By Clare Duffy, CNN New York (CNN) — While the top minds in artificial intelligence are racing to make the technology think more like humans, researchers at Elon University have asked the opposite question: How will AI change the way humans think? The answer comes with a grim warning: Many tech experts worry that AI

By Vanessa Yurkevich, CNN New York (CNN) — The egg shortage may have finally been cracked. The price of wholesale eggs fell again last week to $3.00 a dozen, the US Department of Agriculture reported in their weekly egg market report. That’s a 9% decline from the week before. “The supply situation at grocery outlets

By Annette Choi, Lou Robinson, Soph Warnes and Elisabeth Buchwald, CNN (CNN) — President Donald Trump has promised to impose dollar-for-dollar reciprocal tariffs on countries he believes treat the United States unfairly in trade, whether through high tariffs or non-tariff barriers. He has said his new tariffs will create jobs and boost domestic manufacturing. Imposing

By John Liu, CNN Hong Kong (CNN) — Chinese electric vehicle champion BYD has reported a 60% surge in sales in the first quarter of the year as archrival Tesla stumbles. The EV maker based in the southern Chinese megacity of Shenzhen sold just over one million new-energy vehicles in the first three months of

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is stepping up his massive global trade war, a move that’s certain to weigh on Americans’ wallets and could push the US economy into a painful recession. On Wednesday, Trump declared a national economic emergency and announced tariffs of at least 10% across all countries, with

CNN, POOL, SENATE TV By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is stepping up his massive global trade war, a move that’s certain to weigh on Americans’ wallets and could push the US economy into a painful recession. On Wednesday, Trump declared a national economic emergency and announced tariffs of at least 10%

By Matt Egan, CNN New York (CNN) — President Donald Trump’s promised tariffs are a day away – and they’ll go into effect sooner than some had expected. As in, immediately, the White House said Tuesday. Although many details remain unknown, perhaps even to Trump himself, the administration’s “Liberation Day” trade policy announcement is expected

CNN By Matt Egan, CNN New York (CNN) — President Donald Trump’s promised tariffs are a day away – and they’ll go into effect sooner than some had expected. As in, immediately, the White House said Tuesday. Although many details remain unknown, perhaps even to Trump himself, the administration’s “Liberation Day” trade policy announcement is

By Chris Isidore, CNN (CNN) — Buyers flooded dealerships in March to snap up cars ahead of the threat of higher prices due to tariffs. Strong March sales made up for a weaker start to the year. Ford reported Tuesday that sales in March rose 10%, a bounce from the 1.3% decline in the first

CNN By Olesya Dmitracova, CNN London (CNN) — Europe has “a strong plan” for striking back at the United States in response to Donald Trump’s tariff hikes “if necessary,” a top official said Tuesday on the eve of a long-anticipated announcement of massive import levies by the US president. For weeks, Trump has promoted April

By James Frater and Olesya Dmitracova, CNN London (CNN) — US embassies have sent letters to contractors in their host countries demanding they certify that they do not run any diversity, equity and inclusion (DEI) programs that violate President Donald Trump’s executive order against race- and sex-based preferences. All contractors of the US Department of

By Alicia Wallace, CNN (CNN) — US employers pulled back on their hiring plans last month, while layoffs in the federal government spiked to their highest level in more than four years, new labor market data showed Tuesday. The latest Job Openings and Labor Turnover Survey data provided some glimpses of how President Donald Trump’s