Money

By Clare Duffy, CNN New York (CNN) — Intel has named a new chief executive, as the chipmaking giant attempts to recover from several bruising years that saw the one-time industry leader fall behind most of its rivals. The company announced Wednesday that it has named longtime tech investor and semiconductor industry executive Lip-Bu Tan

By Reuters (CNN) — The US Federal Trade Commission asked a federal court in Seattle on Wednesday to delay a September trial in its case alleging Amazon misled consumers over its Prime subscription service, citing “severe resource shortfalls in terms of both money and personnel.” Jonathan Cohen, an attorney for the FTC, told US District

By Vanessa Yurkevich, CNN New York (CNN) — There may be some cracks forming in the egg market. For the past several months, consumers have been faced with a hard reality: Fewer eggs at higher prices. But in the first week of March, prices for wholesale loose eggs fell by $1.20, averaging about $6.85 a

By Bryan Mena and Kayla Tausche, CNN Washington (CNN) — Larry Fink, chief executive of BlackRock, the world’s largest asset manager, said Wednesday that the Trump administration’s barrage of policy changes is paralyzing American consumers and businesses — and that’s already hurting the economy. “The collective impact in the short run is that people are

By Liam Reilly, CNN New York (CNN) — Ruth Marcus, who recently resigned as a Washington Post columnist after four decades, said she parted ways with the paper following a spiked opinion piece on the paper’s billionaire owner because her job is to tell readers “what I think, not what Jeff Bezos thinks I should

By Matt Egan and Jordan Valinsky, CNN New York (CNN) — The US spirits industry is bracing for pain after the European Union targeted American whiskey in retaliation against President Donald Trump’s steel and aluminum tariffs. The EU’s decision to spike tariffs on American whiskey to 50% is “deeply disappointing and will severely undercut the

By Jordan Valinsky, CNN New York (CNN) — Roomba’s parent company is warning that its future is on shaky ground, more than a year after a planned $1.7 billion acquisition by Amazon fell through. iRobot (IRBT), a maker of robotic vacuum cleaners, has “substantial doubt about the company’s ability to continue,” it revealed in its

By Nathaniel Meyersohn, CNN New York (CNN) — American consumers – and their wallets – are the engine of the economy. But they’re now showing the strain of inflation, President Donald Trump’s tariffs and a stock market plunge. That’s a problem because consumer spending accounts for roughly 70% of the US economy. Consumers proved resilient

By John Liu, CNN (CNN) — Elon Musk has secured a major win in India by signing two back-to-back deals to bring SpaceX’s Starlink satellite internet services to the country. The country’s top telecoms provider Reliance Jio, owned by Indian billionaire Mukesh Ambani, said on Wednesday it had inked a deal with SpaceX. “Jio will

CNN By Elisabeth Buchwald, CNN (CNN) — President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans.

By Clare Duffy, CNN New York (CNN) — Meta is once again facing allegations from a former employee that a growth-at-all-costs culture has caused offline harm. A new book called “Careless People,” published Tuesday by former executive-turned-whistleblower Sarah Wynn-Williams, provides a detailed account of her six years at the company, offering an insider’s perspective into

By Ramishah Maruf, CNN New York (CNN) — It was an extraordinary scene at the White House South Lawn Tuesday. President Donald Trump effectively held a combination press conference and live Tesla ad outside the White House, accompanied by the company’s CEO and Department of Government Efficiency Head Elon Musk – all in front of

CNN By John Towfighi, CNN New York (CNN) — US markets seesawed Tuesday amid another tariff roller coaster ride. All three major indexes dropped after President Donald Trump doubled down early Tuesday on his threat to levy a new round of hefty tariffs on Canada. Yet by the afternoon, markets had pared some losses as

By Liam Reilly, CNN New York (CNN) — A Florida circuit judge on Monday denied the Pulitzer Board’s request to pause a defamation lawsuit from Donald Trump until the president is out of office. The decision from the 19th Judicial Circuit Court’s Judge Robert L. Pegg late Monday presents a blow to the board, which

By John Towfighi, CNN New York (CNN) — US markets seesawed Tuesday amid another tariff roller coaster ride. All three major indexes dropped after President Donald Trump doubled down early Tuesday on his threat to levy a new round of hefty tariffs on Canada. Yet by the afternoon, markets had pared some losses as officials

By Chris Isidore, CNN New York (CNN) — Two recent plane crashes have stoked worries among flyers and prompted some to pull back on air travel plans, according to two of the airlines that had those crashes. Delta Air Lines CEO Ed Bastian said Tuesday morning that the fatal crash of an American Airlines flight