CNN Business/Consumer

By Elisabeth Buchwald, Rachel Wilson and Alex Leeds Matthews, CNN (CNN) — Car prices are about to shoot higher. That’s because a 25% tariff across all cars that the United States imports is set to take effect on April 3. And not long after, a 25% tariff on most foreign-made car parts is set to

By Brian Stelter, CNN (CNN) — A federal judge sided with silenced Voice of America journalists on Friday, the latest setback for President Trump’s push to shut down US government-funded international broadcasters. US District Court Judge J. Paul Oetken issued a temporary restraining order meant to block any further efforts to terminate VOA. The judge

By Lisa Eadicicco, CNN (CNN) — Elon Musk on Friday evening announced he has sold his social media company, X, to xAI, his artificial intelligence company. xAI will pay $45 billion for X, slightly more than Musk paid for it in 2022, but the new deal includes $12 billion of debt. Musk wrote on his

By Max Saltman, Betsy Klein and David Goldman, CNN (CNN) — Canadian Prime Minister Mark Carney told President Donald Trump Friday that his nation will retaliate against the United States with tariffs of its own if Trump presses forward with his promised levies – potentially escalating what is already developing into an ugly and damaging

By Bryan Mena, CNN Washington (CNN) — Americans are not only increasingly fearful of higher inflation — with President Donald Trump set to announce a sweeping spate of tariffs in just a few days — but many more are now dreading rising unemployment. Consumer sentiment tanked 12% this month, the University of Michigan said in

By John Towfighi, CNN New York (CNN) — US stocks plunged Friday and a broad selloff gripped Wall Street as investors digested slightly stubborn inflation data and weakening consumer sentiment while wrestling with continued tariff anxiety. The Dow tumbled 715 points, or 1.7%. The broader S&P 500 fell 1.9% and the Nasdaq Composite slid 2.6%.

By Alicia Wallace, CNN (CNN) — Tariffs are looming, inflation is still sticky and US consumers are bracing themselves for the impact. That’s according to data released Friday from the Commerce Department: Americans socked away money into savings, pulled back on discretionary purchases, and, when accounting for inflation, increased their spending ever so slightly after

By John Towfighi and Matthew Kaufman, CNN New York (CNN) — President Donald Trump’s auto tariffs could send the cost of a new car soaring. Fixing the car you already have will likely get more costly, too. Trump said Wednesday he is imposing 25% tariffs on car parts coming into the US, in addition to

By Hadas Gold, CNN New York (CNN) — Elon Musk was speaking to Tesla staff in Austin, Texas, last Thursday when he admitted: “I’m stretched pretty thin. I have like 17 jobs.” The meeting seemed hastily arranged. Employees were notified shortly before the event, which was scheduled for 9:30 pm, Business Insider reported. Never before

By Ramishah Maruf, CNN New York (CNN) — Two Federal Trade Commission members who were fired this month have filed a lawsuit against the Trump administration, arguing on Thursday that the decision violated a long-established legal precedent preventing political firings. On March 18, Democratic Commissioners Alvaro Bedoya and Rebecca Kelly Slaughter received an email from

By Alicia Wallace, CNN (CNN) — The Trump administration’s culling of government programs and agencies has resulted in an unprecedented wave of federal workers joining the ranks of job seekers — and new data shows a spike in job applications from agencies impacted by the Department of Government Efficiency. Those job hunts are coming at

By Chris Isidore, CNN New York (CNN) — Get ready to pay more for your next car. Auto prices in the United States will start to rise very soon – perhaps within the next few weeks. That’s because President Donald Trump once again announced plans for 25% tariffs on imported cars and parts that will

CNN, POOL By Chris Isidore, CNN New York (CNN) — Get ready to pay more for your next car. Auto prices in the United States will start to rise very soon – perhaps within the next few weeks. That’s because President Donald Trump once again announced plans for 25% tariffs on imported cars and parts

CNN By Elisabeth Buchwald, Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — President Donald Trump on Wednesday announced 25% tariffs on all cars shipped to the United States, a significant escalation in a global trade war. The tariffs, set to take effect on April 3 at 12:01 am ET, are aimed at expanding

By John Liu and Hassan Tayir, CNN Hong Kong (CNN) — In the world of electric vehicles, there’s a Chinese company outdoing Elon Musk’s Tesla. And it’s just getting started. BYD, the Shenzhen-based Chinese EV champion, eclipsed Tesla in annual sales last year. Last week, it unveiled a revolutionary battery charging technology that it says

By Elisabeth Buchwald, Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — President Donald Trump on Wednesday announced 25% tariffs on all cars shipped to the United States, a significant escalation in a global trade war. The tariffs, set to take effect on April 3 at 12:01 am ET, are aimed at expanding America’s

By John Towfighi, CNN New York (CNN) — Gold isn’t the only metal smashing through record high prices. Copper prices in New York hit a record high on Wednesday after Bloomberg reported that President Donald Trump might impose tariffs on copper imports in the coming weeks. Wall Street had expected tariffs on copper to come

By Brian Stelter and Liam Reilly, CNN (CNN) — For Rep. Marjorie Taylor Greene and other House Republicans, today’s DOGE subcommittee hearing is about tarnishing PBS and NPR with accusations of bias and targeting them for defunding. For the broadcasters, today is about defending their existence – and maybe, just maybe, educating people about how

By Jordan Valinsky, CNN New York (CNN) — After GameStop closed about a quarter of its locations within the past year, shuttering 1,000 stores across the world, the company said it’s not close to done. And as the struggling company closes stores, it will invest cash in cryptocurrencies. GameStop revealed in a regulatory filing Tuesday

By Nathaniel Meyersohn, CNN New York (CNN) — Wall Street cheered President Donald Trump’s election because businesses expected a massive deregulation effort. Trump knows this — and his administration appears to be leveraging that to get something in return: rollbacks of companies’ diversity, equity and inclusion policies. The federal government typically tries to block corporate

By Nathaniel Meyersohn, CNN New York (CNN) — Dollar Tree is ending its short-lived and ill-fated Family Dollar experiment, offloading the discount brand for $1 billion – just a fraction of its purchase price from a decade ago. Family Dollar will be sold to private equity groups Brigade Capital Management and Macellum Capital Management, pending

By Jeanne Sahadi, CNN (CNN) — Bonus season on Wall Street runs through March, and based on estimates released Wednesday morning, it has been a lucrative start to spring for the more than 200,000 people working for New York City-based securities firms. Their total bonus pool hit a record $47.5 billion, up 34% from last

By Brian Stelter, CNN (CNN) — One of the international broadcasters targeted for termination by President Donald Trump has been granted a reprieve by a federal judge. US District Judge Royce C. Lamberth has granted Radio Free Europe/Radio Liberty’s request for a temporary restraining order that will help the broadcaster stay on the air and