CNN Business/Consumer

By Juliana Liu and John Liu, CNN Hong Kong (CNN) — Global markets plunged on Monday, deepening a global stocks rout triggered by US President Donald Trump’s trade war and China’s forceful response to unexpectedly high tariffs. Germany’s Dax opened down 9%, while London’s FTSE was about 5% lower. European markets were, on the whole,

By Auzinea Bacon, CNN (CNN) — The blockbuster adaption of the 2011 video game “Minecraft” shattered box office estimates, grossing $157 million domestically, and marking the biggest opening weekend of the year. Industry analysts initially projected Warner Bros. Pictures’ “A Minecraft Movie” would gross $60 million before adjusting that estimate to about $100 million. Warner

By Robert Ilich, CNN (CNN) — Elon Musk, the world’s richest man and the face of the Trump administration’s Department of Government Efficiency, said Saturday that he hopes for a “zero-tariff situation” between Europe and the United States. “At the end of the day, I hope it’s agreed that both Europe and the United States

By Jordan Valinsky, CNN New York (CNN) — Mega Millions is getting a makeover — including more than doubling the price of a ticket — as the multi-state lottery game aims to improve players’ odds and dish out bigger jackpots. The lottery, which is available to play in 45 states plus Washington, DC, and the

By Bryan Mena, CNN Washington (CNN) — Inflation is likely to pick up because of President Donald Trump’s sweeping tariffs, and could remain elevated, Federal Reserve Chair Jerome Powell said Friday. “We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation,” he said at an event just outside Washington,

By Clare Duffy and Alayna Treene, CNN New York (CNN) — President Donald Trump announced on Friday that he will again delay enforcement of the TikTok sale-or-ban law for 75 days, as his staff continues to work on a deal to preserve access to the app in the United States. “My Administration has been working

By Alicia Wallace, CNN (CNN) — The US economy added a stronger-than-expected 228,000 jobs in March, a significant increase from February’s revised gains of 117,000, according to Bureau of Labor Statistics data released Friday. The unemployment rate ticked higher to 4.2% from 4.1%. Economists were expecting job growth to slow to 130,000 in March and

CNN By David Goldman and John Towfighi, CNN New York (CNN) — US stocks were battered by a steep sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war. The Dow plunged by 2,231 points, or 5.5%. The broader S&P 500 was

By Juliana Liu and Nectar Gan, CNN Hong Kong (CNN) — China said Friday that it will impose reciprocal 34% tariffs on all imports from the United States from April 10, making good on a promise to strike back after US President Donald Trump escalated a global trade war. On Wednesday, Trump unveiled an additional

By David Goldman and John Towfighi, CNN New York (CNN) — US stocks were battered by a steep sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war. The Dow plunged by 2,231 points, or 5.5%. The broader S&P 500 was 5.97%

By Rachel Wilson, CNN (CNN) — President Donald Trump unveiled sweeping 10% tariffs on all imports to the United States Wednesday. About 60 countries or trading blocs will see even higher rates in an escalating move that is poised to initiate a global trade war. Many major US trading partners will be hit hard by

By John Liu, CNN (CNN) — For Tim Hsu, who sells modern lamps and ceiling lights mostly to American customers, US President Donald Trump’s historic tariff announcement has upended his carefully made plans. Last year, the Taiwanese businessman decided to invest in Cambodia to diversify his production base beyond his traditional stronghold of south China.

CNN By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Wednesday launched a US trade war with every country via a barrage of tariffs that are set to go into effect almost immediately. American consumers and businesses stand to pay a hefty price for that battle. For the first time since Trump’s return to

CNN By Chris Isidore, CNN (CNN) — Stellantis has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs — and as a result, some US workers will also be temporarily laid off. Among those to be laid off are 900 US hourly employees who make powertrains

By Chris Isidore, CNN (CNN) — Stellantis has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs — and as a result, some US workers will also be temporarily laid off. Among those to be laid off are 900 US hourly employees who make powertrains and

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Wednesday launched a US trade war with every country via a barrage of tariffs that are set to go into effect almost immediately. American consumers and businesses stand to pay a hefty price for that battle. For the first time since Trump’s return to the

By John Towfighi, CNN New York (CNN) — Global markets on Thursday were severely rattled by President Donald Trump’s historic tariff announcement, which threatens to throw the US and the rest of the world into a recession. The Dow fell 1,679 points, or 3.98%. The broader S&P 500 was down by 4.84% and the tech-heavy

By Jordan Valinsky, CNN New York (CNN) — Subway is adding nachos to its menu, but with an unusual twist. The chain is partnering with Doritos to sell footlong nachos for $5, marking Subway’s latest addition to its popular Sidekicks menu that aims to attract budget-conscious customers. In a press release, Subway said the new

By David Goldman, CNN (CNN) — President Donald Trump’s massive tariffs announced on dozens of nations Wednesday were pitched as “reciprocal,” matching what other countries charge the United States dollar for dollar, even taking into account non-tariff barriers like value-added taxes and other such measures. But the actual calculation the Trump administration used is not

By Alicia Wallace, CNN (CNN) — More than 275,000 layoffs were announced last month, reaching a level not seen since the pandemic, according to a new report published Thursday. The biggest culprit was one particular employer: The federal government. The federal government announced plans to axe 216,215 jobs, accounting for nearly 80% of the 275,240

By Matt Egan, CNN New York (CNN) — There is nowhere to hide in the auto industry from President Donald Trump’s auto tariffs, according to former Ford CEO Mark Fields. “The cost of vehicles will go up. It’s just math. The bottom line is there is absolutely no vehicle that won’t be impacted by tariffs,”