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CNN Business/Consumer

Spinning off Instagram, the decline of ‘friending’ and other takeaways from Mark Zuckerberg at the FTC monopoly trial

By Clare Duffy, Auzinea Bacon, Lisa Eadicicco and Emily Condon, CNN Washington DC (CNN) — CEO Mark Zuckerberg defended Meta’s acquisition of Instagram and WhatsApp on the stand this week during the start of trial over the blockbuster antitrust lawsuit brought by the Federal Trade Commission. But, it turns out, Zuckerberg predicted that he might

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The Zoom logo on a laptop arranged in Germantown

A Zoom outage is preventing some people from joining meetings, using the website

By Matthew Kaufman, CNN New York (CNN) — Zoom users experienced issues accessing the video conferencing service Wednesday afternoon, with thousands reporting issues joining meetings and accessing the Zoom website. Service appeared to be restored within two hours of the first outage reports, according to outage tracking site Downdetector.com. “We are aware that some users

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The Federal Reserve is responsible for promoting full employment and keeping inflation in check

Fed Chair Powell gives starkest warning yet on potential economic consequences from tariffs

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s significant policy changes, including on tariffs, are unlike anything seen in modern history, putting the Federal Reserve in uncharted waters, Chair Jerome Powell said Wednesday. “These are very fundamental policy changes,” Powell said at an event hosted by the Economic Club of Chicago. “There isn’t

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A shopper carries shopping bags in the North Beach neighborhood in San Francisco

Americans likely rushed to shop in March ahead of Trump’s tariffs, but economists say that boost won’t last

By Bryan Mena, CNN Washington (CNN) — Americans rushing to buy goods ahead of President Donald Trump’s sweeping tariffs likely gave March retail sales a boost. But economists warn that strength will probably fade as tariffs eventually fuel price increases. The Commerce Department is set to release March retail spending data at 8:30 a.m. ET

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The Trump White House is axing the wire service spot from the coverage pool, the latest salvo in its battle with the AP

By Brian Stelter and Samantha Waldenberg, CNN (CNN) — Instead of restoring access to The Associated Press newswire, as required by a federal judge, the Trump administration is removing the wire position in the daily press corps rotation altogether. The change appears designed to withstand legal scrutiny while still disadvantaging The AP, which was singled

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Shipping containers stacked in a container port in Berlin.

Tariffs on toilet paper? Europe threatens tit-for-tat levies on a range of US goods if trade talks fail

By James Frater and Olesya Dmitracova, CNN London (CNN) — The European Union has announced it will impose retaliatory tariffs on American toilet paper, soybeans, eye makeup and hundreds of other products if trade negotiations with the United States aren’t successful. The bloc of 27 countries published Monday a long list of US products, most

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