CNN Business/Consumer

By Jeanne Sahadi, CNN (CNN) — President Donald Trump on Thursday signed an executive order that could make it easier for 401(k)s and other workplace retirement plans to offer employees the option of investing some of their savings in alternative investments including private equity, long the domain of institutional and “accredited” high-net-worth investors. The order

CNN By Jeanne Sahadi, CNN (CNN) — President Donald Trump on Thursday signed an executive order that could make it easier for 401(k)s and other workplace retirement plans to offer employees the option of investing some of their savings in alternative investments including private equity, long the domain of institutional and “accredited” high-net-worth investors. The

By Brian Stelter, CNN (CNN) — Control of Paramount, the legendary but troubled TV and movie maker, shifted to Silicon Valley scion David Ellison on Thursday, following a protracted and politically tainted merger process. The transition was full of symbolism: The Redstone family, which built the company into a cable-era giant that lagged in the

By Alejandra Jaramillo, CNN (CNN) — President Donald Trump on Thursday demanded the resignation of Intel CEO Lip-Bu Tan following reports and allegations that he has ties to China. “The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this

CNN By Lisa Eadicicco, CNN (CNN) — Apple is investing another $100 billion to expand its operations in the United States, the company announced on Wednesday, as President Donald Trump said he would levy a large import tax on chips coming into the country. Apple’s investment comes after the tech giant already committed $500 billion

By David Goldman, CNN (CNN) — The bad news in last Friday’s jobs report may have been overshadowed when President Donald Trump fired the commissioner in charge of producing it. But economists haven’t forgotten about America’s job market – and they’re growing concerned. Some of the jobs report data has economists using a word they

By Lisa Eadicicco, CNN (CNN) — Apple is investing another $100 billion to expand its operations in the United States, the company announced on Wednesday, as President Donald Trump said he would levy a large import tax on chips coming into the country. Apple’s investment comes after the tech giant already committed $500 billion to

By Brian Stelter, Liam Reilly, CNN (CNN) — In an absolute blitz of news this week, the cable sports institution ESPN showed how it is fully transforming into a streaming-first player. The network inked several new deals with the NFL, announced the imminent launch of its all-inclusive streaming service, and added new wrestling programming from

By Jordan Valinsky, CNN New York (CNN) — McDonald’s sales have finally turned a corner, thanks in part to “A Minecraft Movie” meal deal that marked the chain’s largest marketing campaign ever. Sales at McDonald’s US locations open at least a year rose 2.5% for the quarter ending June 30, putting an end to two

By Lianne Kolirin, CNN London (CNN) — It is the high-octane toy for those who have everything: an underwater jetpack that allows you to zip beneath the surface of the ocean – for as long as you can hold your breath. Described by its makers as an “innovation for those who demand the extraordinary,” the

By Elisabeth Buchwald, CNN (CNN) — Hardly a day goes by without President Donald Trump boasting about the record tariff revenue the US government has been collecting since he ratcheted up taxes on almost every imported good. “We have a lot of money coming in, much more money than the country’s ever seen,” Trump said

By Jordan Valinsky, CNN New York (CNN) — Linda Yaccarino, the former CEO of the Elon Musk-owned social media platform X, has a new leadership gig in the weight loss space. Yaccarino on Tuesday was named the CEO of eMed, a Miami-based telehealth company that dispenses GLP-1 medications such as Wegovy and Ozempic. The appointment

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump said Treasury Secretary Scott Bessent is no longer being considered as a replacement for Jerome Powell as Federal Reserve Chair. “I love Scott, but he wants to stay where he is,” Trump said Tuesday in a CNBC interview Tuesday morning. “I’ll take him off, because I

CNN By Elisabeth Buchwald, Michael Rios, CNN (CNN) — President Donald Trump said on Monday that he will “substantially” raise tariffs on India because it’s still buying Russian oil. “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for

By Elisabeth Buchwald, Michael Rios, CNN (CNN) — President Donald Trump said on Monday that he will “substantially” raise tariffs on India because it’s still buying Russian oil. “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big

By Liam Reilly, CNN (CNN) — The New York Post is heading west. The tabloid’s ownership announced that it will launch a sister publication, The California Post, in early 2026. Based out of Los Angeles, the new tabloid will operate separately under the New York Post Media Group, a Murdoch-owned News Corp subsidiary that houses

By Jordan Valinsky, CNN New York (CNN) — Tesla’s board is giving CEO Elon Musk another huge pay day. The company’s latest CEO pay package, worth about $29 billion, comes several months after a Delaware court rejected for a second time Musk’s 2018 performance award following a shareholder lawsuit. Musk is currently appealing the order.

By Tami Luhby, CNN (CNN) — Ever since President Donald Trump started promising to slap tariffs on pharmaceutical imports, drugmakers have unveiled a flurry of commitments to build or expand US manufacturing operations in the coming years. AstraZeneca is investing $50 billion to expand its drug manufacturing in the US. Johnson & Johnson is pouring

By Bryan Mena, CNN Washington (CNN) — A member of the Federal Reserve’s Board of Governors announced Friday that she is resigning several months before the end of her term, handing President Donald Trump an early opportunity to fill a key vacancy. Fed Governor Adriana Kugler is stepping down from her role, effective August 8.

By Reuters (CNN) — A Florida jury on Friday found Tesla liable in the 2019 fatal crash of an Autopilot-equipped Model S, and ordered Elon Musk’s automaker to pay $329 million to the family of a deceased woman and an injured survivor. Jurors in Miami federal court ordered Tesla to pay $129 million in compensatory

By Liam Reilly, Brian Stelter, CNN (CNN) — The Corporation for Public Broadcasting announced on Friday that it will wind down its operations due to the successful Republican effort to defund local PBS and NPR stations across the country. The announcement came just over a week after President Donald Trump enacted a rescissions bill clawing

CNN By Liam Reilly, Brian Stelter, CNN (CNN) — The Corporation for Public Broadcasting announced on Friday that it will wind down its operations due to the successful Republican effort to defund local PBS and NPR stations across the country. The announcement came just over a week after President Donald Trump enacted a rescissions bill

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump has said that tariffs won’t lead to higher prices. But the United States economy seems to disagree: Inflation, which has remained fairly tame, is slowly creeping up because of tariffs. Trump’s latest round of higher taxes on imports, which goes into effect next week, will immediately

By John Towfighi, CNN New York (CNN) — Stocks across the globe closed lower Friday after President Donald Trump unveiled his plan for levying tariffs on trading partners, threatening to upend decades of international cooperation. The Dow tumbled 542 points, or 1.23%. The broader S&P 500 fell 1.6% and the tech-heavy Nasdaq Composite slipped 2.24%.

By Rachel Wilson, Anna Cooban, CNN (CNN) — President Donald Trump has once again announced new tariffs for just about every country in the world, further upending the landscape of global trade. Starting August 7, the United States will impose a 10% “universal” levy on imported goods from countries with which it has a trade

CNN, POOL, SEE PREFONTS By Elisabeth Buchwald, CNN (CNN) — President Donald Trump just set new tariffs for every country around the world, solidifying his extreme break with America’s long-standing trade policy. Tariffs on the vast majority of goods America imports are set to rise – even from the handful of countries that negotiated individual

By Lisa Eadicicco, CNN (CNN) — Apple reported strong iPhone sales and rebound in revenue from China, giving a much-needed boost to two parts of the company’s business that had struggled over the past year. That better-than-expected performance reassured Wall Street investors that key parts of its business are holding steady as Apple struggles to

By Phil Mattingly, CNN (CNN) — In the end, President Donald Trump got exactly what he wanted. The 120 days since Trump’s Rose Garden “Liberation Day” announcement rocked financial markets weren’t exactly pretty. From the Washington to Wall Street and across foreign capitals far and wide, seemingly every day featured a disorienting burst of TACOs

By Matt Egan, CNN New York (CNN) — President Donald Trump met at the White House last week with a powerful business leader he’s repeatedly clashed with in the past: JPMorgan Chase CEO Jamie Dimon. During the Oval Office meeting, Trump and Dimon discussed the economy, trade, financial regulation and the Federal Reserve, a person

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump announced on Thursday he’s extending the existing tariffs with Mexico, America’s largest trading partner, and he will pause higher tariffs that were set to go into effect Friday. That means the status quo will continue, in which goods from Mexico are taxed at 25%, unless they