Money

By Matt Egan, CNN New York (CNN) — America’s oil industry is facing immense pressure during Trump 2.0. Even though President Donald Trump vowed to usher in a period of American energy dominance, the administration’s trade war and OPEC’s production hikes have cast a shadow over the oil patch. In fact, once-gangbusters US oil production

CNN, POOL By Nectar Gan, Auzinea Bacon and Juliana Liu, CNN Hong Kong (CNN) — The United States and China agreed Monday to drastically roll back tariffs on each other’s goods for an initial 90-day period, in a surprise breakthrough that has de-escalated a punishing trade war and buoyed global markets. The announcement, which was

By Nectar Gan, Auzinea Bacon and Juliana Liu, CNN Hong Kong (CNN) — The United States and China agreed Monday to drastically roll back tariffs on each other’s goods for an initial 90-day period, in a surprise breakthrough that has de-escalated a punishing trade war and buoyed global markets. The announcement, which was made in

By Auzinea Bacon, CNN (CNN) — Stock futures rose Sunday after Treasury Secretary Scott Bessent said “substantial progress” was made in trade negotiations with Chinese officials, potentially thawing tensions kickstarted by Trump’s aggressive tariff policy. Dow futures jumped 1.03%, or 427.66 points. S&P 500 futures rose 1.31%, or 75.8 points, while the tech-heavy Nasdaq Composite

By Natasha Chen, CNN Los Angeles (CNN) — Kip’s Toyland has sold toys to children in Los Angeles for almost 80 years, through wars, recessions and a pandemic. But now tariffs of 145% on most Chinese imports threaten the livelihood of the city’s oldest toy shop, considering that nearly 80% of toys sold in the

By Nayeli Jaramillo-Plata, CNN (CNN) — Mother’s Day is busy season for American florists. But this year, there’s an added source of stress: President Donald Trump’s sweeping tariffs, which are raising the prices of some flowers and causing some wary shoppers to pull back on spending. “We have to charge more, and it’s definitely affecting

By Juliana Liu, Catherine Nicholls and Kit Maher, CNN (CNN) — President Donald Trump said Saturday there was “great progress made” on trade talks between the United States and China, amid a possible thaw in the trade war sparked by his massive tariffs. “A very good meeting today with China, in Switzerland. Many things discussed,

By Danielle Wiener-Bronner, CNN New York (CNN) — In June 2023, Jon Halper started selling THC beverages at Top Ten Liquors, his chain of Minnesota stores. The drinks, which contain the main intoxicating chemical compound found in cannabis, were a massive hit. “Immediately, the sales took off,” said Halper. “We’ve never seen anything explosive like

By Vanessa Yurkevich, CNN (CNN) — On Friday morning, West Coast port officials told CNN about a startling sight: Not a single cargo vessel had left China with goods for the two major West Coast ports in the past 12 hours. That hasn’t happened since the pandemic. Six days ago, 41 vessels were scheduled to

By Phil Mattingly, CNN (CNN) — A few hours after President Donald Trump’s trade negotiating team boarded a flight for the most important economic meetings in the world, their boss took to social media to publicly throw a curveball into the negotiations. That was the point – not necessarily the path. Trump’s decision to float

By Clare Duffy, CNN New York (CNN) — Bill Gates is calling out fellow tech billionaire Elon Musk over cuts made to US government spending under his watch through the Department of Government Efficiency, saying the gutting of the US Agency for International Development (USAID) would lead to millions of deaths around the world. The

By Matt Egan and Chris Isidore, CNN New York (CNN) — Even as President Donald Trump pushes a message of self-sacrifice when it comes to how many dolls American children should own, his administration’s first trade “deal” includes a carveout for cars – luxury ones. Trump on Thursday hailed the fact that the US-UK framework

By David Goldman and Alayna Treene, CNN (CNN) — President Donald Trump on Friday set negotiating terms for his administration’s first discussions with China, which are set to take place in Geneva this weekend. In a series of posts on Truth Social, Trump appeared to lay out his demands — and concessions — for the

By Lisa Eadicicco and Clare Duffy, CNN New York (CNN) — Just Google it. The phrase is a testament to just how synonymous the internet giant has become with finding information online as its services are now ubiquitous across everything from smartphones to laptops and even cars. But that success has come at a cost,

KNXV, CNN By Clare Duffy, CNN New York (CNN) — Stacey Wales spent two years working on the victim impact statement she planned to give in court after her brother was shot to death in a 2021 road rage incident. But even after all that time, Wales felt her statement wouldn’t be enough to capture

By Clare Duffy, CNN New York (CNN) — Stacey Wales spent two years working on the victim impact statement she planned to give in court after her brother was shot to death in a 2021 road rage incident. But even after all that time, Wales felt her statement wouldn’t be enough to capture her brother

By Juliana Liu, CNN Hong Kong (CNN) — China’s exports to the United States fell sharply in April after Donald Trump’s triple-digit tariffs took effect, in another sign of the damage the US president’s trade war is causing the world’s two largest economies as they prepare for de-escalation talks. Outbound shipments to the US stood

By Clare Duffy, CNN New York (CNN) — Almost anyone who has used the internet has probably experienced that alarming moment when a window pops up claiming your device has a virus, encouraging you to click for tech support or download security software. It’s a common online scam, and one that Google is aiming to