Money

By David Goldman, CNN (CNN) — The Trump administration will soon ensure that its 50% steel tariffs, which have threatened to make everything containing steel more expensive, will apply to your next fridge or dishwasher. The Commerce Department, in a notice set to be published in the federal register Monday, said the recently increased steel

By Nathaniel Meyersohn and Vanessa Yurkevich, CNN New York (CNN) — In the early morning on Tuesday, Immigration and Customs Enforcement (ICE) agents chased farmworkers through a field in Oxnard, California. Agents tackled and restrained workers amid rows of produce, as seen in video from CNN affiliate KABC. “What I fear is that sometimes, out

By Jeanne Sahadi, CNN (CNN) — Chances are very good that your 401(k) does not currently offer you access to private equity investments, which, as the name implies, are investments in companies that are not publicly traded. The question is, will that change in the next few years? And, if it does, is it worth

By John Liu, Matt Egan and John Towfighi, CNN Hong Kong/New York (CNN) — Oil prices surged, stocks dropped and investors flocked to safe havens like gold on Friday after tensions between Israel and Iran escalated, stoking concerns of a broader conflict in the region. The price of oil surged Friday in the market’s largest

By Lisa Eadicicco, CNN (CNN) — Multiple popular online services were hit by outages on Thursday afternoon, including Spotify, Discord and Google, according to Downdetector, a website that tracks service disruptions across the web. Downdetector also reported issues at Amazon Web Services, but the company says it was operating normally on Thursday. The disruptions came

By Anna Stewart and Lisa Eadicicco, CNN Paris (CNN) — Chipmaker Nvidia will exclude the Chinese market from its revenue and profit forecasts following the imposition of tough US restrictions on chip sales to China, its CEO said Thursday. Asked whether the US will lift export controls after trade talks with China in London this

By Jordan Valinsky, CNN New York (CNN) — From beer to fast food, nothing is safe from pickles. And now, the sweet and sour taste is entering a new frontier: Ramen. Intant ramen maker Cup Noodles is releasing a new dill pickle version, which combines the flavors of the noodles with the tangy and sour

By Clare Duffy, CNN New York (CNN) — Meta is suing the Hong Kong-based maker of the app CrushAI, a platform capable of creating sexually explicit deepfakes, claiming that it repeatedly circumvented the social media company’s rules to purchase ads. The suit is part of what Meta (META) described as a wider effort to crack

By John Towfighi, CNN New York (CNN) — Wall Street breathed a sigh of relief Thursday after a key bond auction eased concerns that the US economy might be falling out of favor with investors. Bonds rallied after an auction for US government bonds saw relatively strong demand. The Treasury on Thursday sold $22 billion

By Brian Stelter, CNN (CNN) — Richard Nixon tried. Ronald Reagan tried. President Donald Trump tried during his first term in office. All three Republican presidents wanted to strip taxpayer support for PBS and NPR stations. But all three men were stymied by Congress. This time is different, though. Trump, emboldened in his second term,

By Alicia Wallace, CNN (CNN) — US wholesale inflation rose slightly in May, driven in part by costlier goods; however, tariff-related effects were largely muted. The latest Producer Price Index, a closely watched measurement of wholesale inflation, showed that prices paid to producers rose 0.1% in May, lifting the annual rate to 2.6%, according to

By Anna Cooban, CNN London (CNN) — Britain’s economy shrank by the most in nearly two years in April, when President Donald Trump’s tariffs also caused UK goods exports to the United States to fall by a record amount. Gross domestic product contracted by an estimated 0.3% that month – after expanding 0.2% in March

By John Towfighi, CNN New York (CNN) — Wall Street traders hunting for profits might find that the most lucrative investments are in the peculiar market for precious metals. Gold, silver and platinum prices have surged this year as investors have piled into precious metals in search of places to hide from trade war uncertainty.

By Liam Reilly, CNN (CNN) — The Washington Post on Wednesday announced it has a new Opinion editor. The move comes four months after it announced a “significant shift” to the Opinion page and the departure of its embattled section chief. Adam O’Neal, who currently serves as The Economist’s Washington correspondent, will take over as

By John Towfighi, CNN New York (CNN) — JPMorgan Chase CEO Jamie Dimon warned on Tuesday that encouraging economic data could soon turn worrisome as President Donald Trump’s tariffs continue to bite. “You’re going to see real numbers, and I think there’s a chance real numbers will deteriorate soon,” Dimon said, according to a FactSet

By Clare Duffy, CNN New York (CNN) — Disney and Universal are suing AI photo generation company Midjourney, marking the first major legal showdown between Hollywood studios and an artificial intelligence company. Midjourney, which enables users to create realistic-looking images from a text prompt in just seconds, is one of the most popular AI image

By David Goldman, CNN (CNN) — Commerce Secretary Howard Lutnick, back in Washington after two days helping to negotiate a US-China trade framework in London, said Wednesday that Trump gave his team permission to back off its aggressive stance against China to get a deal done. Lutnick told CNBC in his first interview since the

By Liam Reilly, CNN (CNN) — The New York Times on Wednesday announced major changes to its iconic Dining beat: the appointment of two co-chief restaurant critics and an expansion into video reviews. The newspaper is also more seriously turning its gaze nationwide, marking a critical turning point for a section that has long been

By Ryan Struyk, CNN (CNN) — White House AI czar David Sacks dismissed concerns about artificial intelligence taking away jobs on Tuesday, just days after a major AI leader warned the technology could lead unemployment to climb as high as 20% in the next few years. “Personally, I don’t think it’s (AI) going to lead

By Alicia Wallace, CNN (CNN) — Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread. Consumer prices rose 0.1% last month, while the annual inflation rate increased to 2.4% from a four-year-low of 2.3% notched in April, according to the latest Consumer Price