CNN Business/Consumer

By Chris Isidore, CNN (CNN) — Tesla reported a sharp drop in revenue and earnings in the first quarter on Tuesday, and warned that the outlook for the rest of this year is uncertain. While Tesla is less exposed to tariffs than most other automakers, it said it would have to revisit its guidance because

By David Goldman, CNN (CNN) — Stocks are on the rebound Tuesday, bouncing back from another miserable day on Wall Street. But American financial markets are sounding all sorts of alarm bells that one day in the green can hardly overcome. That’s because investors have been sending a clear message: President Donald Trump’s trade war

By Olesya Dmitracova, CNN London (CNN) — President Donald Trump’s unpredictable tariff policy and countermeasures by America’s trading partners will likely deal a heavy blow to economies worldwide, with US prosperity hit particularly hard, the International Monetary Fund warned Tuesday. Global economic growth will slow to 2.8% this year, from 3.3% last year and significantly

By John Towfighi, CNN New York (CNN) — Treasury Secretary Scott Bessent told investors Tuesday that the US-China trade war is unsustainable and he expects the battle to de-escalate, a person familiar with the matter confirmed to CNN, giving a brief boost to a Wall Street rally that had taken shape this morning. US stocks

By Clare Duffy, CNN New York (CNN) — The impact of social media on young people’s mental health and well-being is a growing topic of concern among parents, educators, health care professionals and regulators. And now, nearly half of US teens say social media has a mostly negative effect on people their age — and

By Jordan Valinsky, CNN New York (CNN) — TGI Fridays, the bankrupt casual dining chain, has only 85 restaurants left in the United States, according to its website. It’s a sharp decline of the once-iconic restaurant, which had about 270 US locations at the beginning of last year and has only seen its store count

By Lisa Eadicicco, CNN New York (CNN) — There’s a key difference between an iPhone and Samsung Galaxy phone that may matter now more than ever: One was likely assembled in China, while the other was probably produced in Vietnam, India or South Korea. Samsung, unlike Apple, doesn’t rely heavily on China for smartphone production,

By Elisabeth Buchwald, CNN New York (CNN) — Ever since President Donald Trump introduced his first round of new tariffs, it’s been a waiting game to see just how much they’ll impact the global economy. This week, one of the earliest signs was revealed — and it wasn’t pretty. South Korea’s Customs Service reported that

By Jordan Valinsky, CNN New York (CNN) — Among the biggest annoyances of booking an Airbnb are the fees, which can jack up the price of the once affordable alternative to hotels. That’s changing Monday with the platform now displaying the total price on default. All users will now see the full price of a

By John Towfighi, CNN New York (CNN) — US stocks ended the day sharply lower Monday and the dollar tumbled as investors assessed continued tariff uncertainty and the implications of President Donald Trump’s ongoing mission to try and oust Federal Reserve Chair Jerome Powell. The Dow fell 972 points, or 2.48%. The broader S&P 500

By Auzinea Bacon, CNN (CNN) — Ryan Coogler’s supernatural horror “Sinners” drove a stake through the competition this weekend to finish No. 1 at the box office while shattering industry expectations. “Sinners” pulled in $45.6 million domestically, surpassing estimates of about $35 million, and edging “A Minecraft Movie,” which grossed $41.3 million in its third

By Reuters (CNN) — A Boeing jet intended for use by a Chinese airline landed back at the planemaker’s U.S. production hub on Saturday, a victim of the tit-for-tat bilateral tariffs launched by President Donald Trump in his global trade offensive. The 737 MAX, which was meant for China’s Xiamen Airlines, landed at Seattle’s Boeing

By Elisabeth Buchwald, CNN New York (CNN) — There could very soon be a new biggest credit card company in the United States. Capital One (COF) received approval from the Federal Reserve’s Board of Governors and the Office of the Comptroller of the Currency to acquire and merge with Discover Financial Services (DFS), the agencies

By Alexandra Skores, CNN (CNN) — If you’ve received a text claiming you owe unpaid tolls, you’re not alone. Over 60,000 complaints were made to the FBI’s Internet Crime Complaint Center last year about unpaid toll scams. People all over the country are being contacted, mostly via text messages, and being told they owe money

By Bryan Mena and Elisabeth Buchwald, CNN Washington/New York (CNN) — President Donald Trump on Thursday again made clear his disdain for Federal Reserve Chair Jerome Powell, going so far as to say the central banker’s “termination can’t come fast enough” and saying in an Oval Office event that Powell will “be out of there

By Kathleen Magramo and Anna Cooban, CNN (CNN) — The United States has unveiled plans to impose new port fees on Chinese ships, saying it aims to revive American shipbuilding against China’s dominance in the industry. President Donald Trump has embarked on a sweeping trade war with China, a move his administration portrays as a