CNN Business/Consumer

By Alicia Wallace, CNN (CNN) — US consumers continued to spend in June despite tariff-related price hikes. Consumer spending rose 0.3% from May, when spending was flat, according to Commerce Department data released Thursday. The Personal Consumption Expenditures price index — the inflation gauge the Federal Reserve uses for its 2% target rate — rose

By John Liu, CNN (CNN) — Just a few years ago, Samsung Electronics stood as a leading force in the global semiconductor race, dominating one chip sector and eyeing Taiwan’s TSMC in the battle for supremacy in another. But recent stumbles – including its failure to capitalize early on the artificial intelligence boom – has

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump announced a new trade deal with South Korea, which calls for 15% tariffs on goods from there. “The Deal is that South Korea will give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as

By Clare Duffy, CNN New York (CNN) — If Meta investors had concerns about the company’s huge spending on artificial intelligence infrastructure and talent — and its ambitious “superintelligence” goal — they’re likely to be assuaged by its blockbuster earnings report on Wednesday. The results, as one analyst put it, indicates that “AI is becoming

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday kept interest rates unchanged for the fifth consecutive meeting as it remains under intense pressure from President Donald Trump and his allies to lower borrowing costs. The central bank left its benchmark lending rate at a range of 4.25% to 4.5%, where it

By Phil Mattingly, Kit Maher, CNN (CNN) — President Donald Trump is ratcheting up the pressure on India, calling into question the prospects of a deal with a key US trading partner just days before his tariff deadline. Trump, in a pair of social media posts Wednesday, sharply attacked India’s trade barriers and directly targeted

By Bryan Mena, CNN Washington (CNN) — The US economy expanded sharply in the second quarter as businesses dialed back on imports after stocking up earlier in the year to get ahead of President Donald Trump’s tariffs. Gross domestic product, which captures all the goods and services produced in the economy, registered an annualized rate

By Jordan Valinsky, CNN New York (CNN) — Starbucks is shutting down its pick-up only stores just six years after introducing the concept, because they no longer mesh with the struggling coffee chain’s overall strategy. “We found this format to be overly transactional and lacking the warmth and human connection that defines our brand,” Starbucks

By Phil Mattingly, CNN (CNN) — President Donald Trump said he didn’t want to make things personal as he stood next to Federal Reserve Chair Jerome Powell on a tour of the Fed’s $2.5 billion renovation last week. That brief respite in Trump’s relentless rhetorical war on his favorite economic foil will almost certainly expire

CNN, POOL By Phil Mattingly, CNN (CNN) — President Donald Trump said he didn’t want to make things personal as he stood next to Federal Reserve Chair Jerome Powell on a tour of the Fed’s $2.5 billion renovation last week. That brief respite in Trump’s relentless rhetorical war on his favorite economic foil will almost

By Jordan Valinsky, CNN New York (CNN) — International House of Pancakes, a.k.a. IHOP, is leaning into the first word of its name and jumping on a global viral trend that is as lavish as it is expensive. The chain is capitalizing on the “Dubai Chocolate” trend, which has tantalized TikTok users over the past

By Elisabeth Buchwald, CNN (CNN) — Chinese and American trade negotiators concluded their two-day meeting in Stockholm without a resolution to avert tariffs from skyrocketing back to ultra-high levels that formed an effective blockade on trade between the world’s two largest economies. But President Donald Trump’s trade advisers and their Chinese counterparts sounded a hopeful

By Bryan Mena, CNN Washignton (CNN) — The Trump administration’s trade agreements with a handful of countries are helping Americans feel somewhat more confident about the economy’s health and its future. Consumer confidence climbed 2 points this month to a reading of 97.2, the Conference Board said Tuesday, showing people’s attitudes about the economy have

By Chris Isidore, CNN (CNN) — Two of the largest US railroads, Union Pacific and Norfolk Southern, announced on Tuesday a plan to combine in a $72 billion deal that would create America’s first transcontinental freight railroad. The stock and cash deal would be the largest ever in a sector that has already massively consolidated

By Nayeli Jaramillo-Plata, CNN (CNN) — In Alaska’s North Slope region — the northernmost county in the US, roughly the same size as the United Kingdom — one small public radio station, KBRW, keeps eight Iñupiat villages connected and serves about 10,000 people. Now, it may not survive. Last Thursday, President Trump signed into law

By Alicia Wallace, CNN (CNN) — Goodwill, Easterseals and other nonprofit organizations say thousands of low-income seniors could soon be unemployed because funding hasn’t come through for a decades-old federal job training and placement program. The Department of Labor has yet to release more than $300 million in funds for national grantees of the Senior

By John Towfighi, CNN New York (CNN) — US stocks were mixed Monday and the S&P 500 was on the verge of snapping a five-day win streak as investors digested the announcement of a trade deal between Washington and Brussels. Stocks fluctuated between gains and losses Monday afternoon after President Donald Trump and President of

By Nathaniel Meyersohn, CNN New York (CNN) — Wright’s Market has been a fixture of Opelika, Alabama, a town of around 30,000 near Auburn University, since the 1970s. The supermarket relies on the Supplemental Nutrition Assistance Program (SNAP) for roughly one-third of sales. SNAP is a “big piece of what we do,” said owner Jimmy

By Auzinea Bacon, CNN (CNN) — Disney’s “The Fantastic Four: First Steps” stormed the domestic box office, topping superhero competitor “Superman” to finish No. 1 with $118 million. The reboot was a major comeback for the series, falling within range of analysts’ expectations but short of a hopeful $130 million. “Fantastic Four” is also the

MARVEL STUDIOS, NEW HORIZONS, TWENTIETH CENTURY FOX, CNN By Auzinea Bacon, CNN (CNN) — Disney’s “The Fantastic Four: First Steps” stormed the domestic box office, topping superhero competitor “Superman” to finish No. 1 with $118 million. The reboot was a major comeback for the series, falling within range of analysts’ expectations but short of a

CNN By Auzinea Bacon, Alejandra Jaramillo, Elisabeth Buchwald, John Liu, CNN (CNN) — President Donald Trump announced Sunday that the United States and the European Union reached a framework for a trade deal, ending a monthslong saga with America’s largest trading partner. Trump announced a 15% levy on most imports from the 27-nation European Union,

By Lucy Bayly, CNN (CNN) — The state of President Donald Trump’s economy is about to come into full view. A slew of crucial economic data is set for release this week, including the jobs report, inflation, consumer confidence and corporate earnings. We’ll get the first glimpse at America’s second-quarter gross domestic product, the broadest

By John Towfighi, CNN New York (CNN) — US stocks are floating near all-time highs as Wall Street maintains cautious optimism that Washington might ink more trade deals, avoiding a worst-case scenario of extraordinarily high tariffs and enabling the resilient economy to continue chugging along. Stocks were higher on Friday. The Dow closed higher by

By Matt Egan, CNN New York (CNN) — President Donald Trump has promised to unleash an economic boom that will turbocharge growth, fatten paychecks and chip away at America’s mountain of debt. However, a new analysis from Trump’s alma mater suggests that his immigration crackdown – a centerpiece of his second term – could do

By Ramishah Maruf, CNN New York (CNN) — Some Muslim and Middle Eastern tech founders and leaders are among people protesting a prominent venture capitalist’s recent comments blasting New York mayoral candidate Zohran Mamdani. They say when Sequoia Capital partner Shaun Maguire called Mamdani an “Islamist” who “comes from a culture that lies about everything”

By Tami Luhby, CNN (CNN) — UnitedHealth Group confirmed Thursday that its Medicare program is under investigation by the US Department of Justice and that it is working with the agency. The health insurer, which has been in upheaval since the murder of one of its top executives late last year, said in a statement

By Brian Stelter, CNN (CNN) — CBS News is not hiring an outsider to helm “60 Minutes” as the program’s correspondents feared might happen. Instead, the coveted executive producer job is going to Tanya Simon, a 25-year veteran of the newsmagazine, which has faced intense political pressure from President Trump for nearly a year. Simon

WTVD By Vanessa Yurkevich, CNN New York (CNN) — Back-to-school shopping is already under way. And this year’s essential: avoiding tariffs. Two-thirds of Americans with school-aged children started shopping for the upcoming school year in July, the earliest on record, according to a new survey from the National Retail Federation. Families, concerned that President Donald

By Lisa Eadicicco, CNN (CNN) — President Donald Trump wants to make the United States a leader in artificial intelligence – and that means scrubbing AI models of what he believes are “woke” ideals. The president on Wednesday said he signed an executive order prohibiting the federal government from procuring AI technology that has “been

By Tami Luhby, CNN (CNN) — Starbucks’ coffee isn’t the only thing at the company that’s amped up. Its CEO, Brian Niccol, made a whopping 6,666 times more than the company’s typical employee last year, according to the AFL-CIO’s annual Executive Paywatch report, released Wednesday. It was the widest pay gap by far between the