Money

By Jeanne Sahadi and Tami Luhby, CNN (CNN) — Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House Republicans’ passing “one big, beautiful bill” that reflects President Donald

By Jordan Valinsky, CNN New York (CNN) — Selena Gomez isn’t a stranger to collaborations on her music, but her latest partner is a bit different: Oreo. The singer, actress, investor and now, cookie maker, created a first-ever flavor for Oreo as part of the cookie company’s growing roster of partnerships to help attract Gen

By Brian Stelter, CNN (CNN) — Sometimes the arguments could be heard well down the hall. The topic was “60 Minutes,” and the tension was audible. CBS News chief Wendy McMahon was clashing with her bosses over upcoming stories on the newsmagazine — in part because President Trump’s legally dubious lawsuit against CBS meant that

By Nathaniel Meyersohn, CNN New York (CNN) — Home Depot plans to keep most of its prices stable, despite President Donald Trump’s tariffs driving costs up. But tariffs may cause Home Depot to increase prices on select items and eliminate some product lines entirely. “We don’t see broad based price increases for our customers at

By Elisabeth Buchwald, CNN (CNN) — After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other. Moody’s Ratings said problematic debt levels far outpacing government revenue led to the downgrade. Now, it’s up to lawmakers on both sides to take actions to improve

By John Liu, CNN Hong Kong (CNN) — Shares in China’s Contemporary Amperex Technology (CATL), the world’s largest electric vehicle battery maker, surged as much as 18% on its first day of trading in Hong Kong, shrugging off geopolitical uncertainties. On Tuesday, CATL shares opened at 296 Hong Kong dollars ($37.8), well above the subscription

By Nectar Gan, CNN Hong Kong (CNN) — Despite a 90-day truce in its trade war with the United States, China appears to be maintaining tight control over its rare earth exports – preserving a key source of leverage in future negotiations amid intensifying strategic rivalry with Washington. As part of last week’s trade agreement

By Matt Egan, CNN New York (CNN) — The nearly 40 million Americans expected to hit the roads this Memorial Day weekend will have something to make them smile while sitting in traffic: cheap gas prices. The national average price of a gallon of gasoline is expected to be $3.08 on Memorial Day, according to

By Alicia Wallace, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon says the full effects of tariffs have yet to be felt and that markets are exhibiting an “extraordinary amount of complacency” in the face of those and other risks. “When I’ve seen all these things adding up that are on the fringes of extreme,

By Brian Stelter, CNN (CNN) — The top executive in charge of CBS News resigned on Monday amid President Trump’s intensifying political pressure against the news operation. Wendy McMahon alluded to a “challenging” past few months in a farewell memo to employees. “It’s become clear that the company and I do not agree on the

By Clare Duffy, CNN New York (CNN) — More than 100 organizations are raising alarms about a provision in the House’s sweeping tax and spending cuts package that would hamstring the regulation of artificial intelligence systems. Tucked into President Donald Trump’s “one big, beautiful” agenda bill is a rule that, if passed, would prohibit states

From Reuters Drugmaker Regeneron Pharmaceuticals will buy genetic testing firm 23andMe for $256 million through a bankruptcy auction, the companies said Monday. Regeneron said it will comply with 23andMe’s privacy policies and applicable laws with respect to the use of customer data and that it is ready to detail its intended use of the data

By Samantha Delouya, CNN (CNN) — US homebuilders pulled back on projects in April amid whipsaw tariff announcements and growing fears of economic stress, new data on Friday revealed. Single-family home starts dropped 12% in April compared to one year ago, on a seasonally adjusted basis, according to data from the US Census Bureau and

By Clare Duffy, CNN New York (CNN) — In recent years, people ranging from Taylor Swift and Rep. Alexandria Ocasio-Cortez to high school girls around the country have been victims of non-consensual, explicit deepfakes — images where a person’s face is superimposed on a nude body using artificial intelligence. Now, after months of outcry, there

By David Goldman, CNN (CNN) — Wall Street is on edge about American investments again after receiving a significant warning about the safest of all safe havens: US debt. Moody’s downgraded America’s debt on Friday evening from its previously perfect AAA credit rating, the last of the three major credit rating agencies to strip US

By Chris Isidore, CNN (CNN) — Negotiators for New Jersey Transit and the Brotherhood of Locomotive Engineers and Trainmen (BLET), the union representing 450 striking engineers, have reached a tentative labor agreement that could bring an end to the three-day strike, according to the union. “This is a good result for labor. It’s a good

CNN By Auzinea Bacon, CNN (CNN) — Tariff rates will soon return to a “reciprocal” level if countries don’t reach trade agreements during the 90-day pause, Treasury Secretary Scott Bessent said Sunday. “President Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your

By Auzinea Bacon, CNN (CNN) — Tariff rates will soon return to a “reciprocal” level if countries don’t reach trade agreements during the 90-day pause, Treasury Secretary Scott Bessent said Sunday. “President Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your April

By Jeanne Sahadi, CNN (CNN) — Getting into college can be hard. But figuring out how to finance college so that neither parent nor child are left financially hard up? It’s a new, highly annoying level of hard — at least if you hope to get an adequate financial aid package to supplement your and

By Elisabeth Buchwald, CNN (CNN) — The steep drop in tariff rates on Chinese goods shipped to the United States might have consumers thinking there’s significant relief in sight — at least compared to before. But in practice it might not feel that way. With timing of the essence given the new rates are only