CNN Business/Consumer

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is stepping up his massive global trade war, a move that’s certain to weigh on Americans’ wallets and could push the US economy into a painful recession. On Wednesday, Trump declared a national economic emergency and announced tariffs of at least 10% across all countries, with

CNN, POOL, SENATE TV By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is stepping up his massive global trade war, a move that’s certain to weigh on Americans’ wallets and could push the US economy into a painful recession. On Wednesday, Trump declared a national economic emergency and announced tariffs of at least 10%

CNN By Matt Egan, CNN New York (CNN) — President Donald Trump’s promised tariffs are a day away – and they’ll go into effect sooner than some had expected. As in, immediately, the White House said Tuesday. Although many details remain unknown, perhaps even to Trump himself, the administration’s “Liberation Day” trade policy announcement is

By Chris Isidore, CNN (CNN) — Buyers flooded Ford dealerships in March to snap up cars ahead of the threat of higher prices due to tariffs, the company reported Tuesday. Overall sales in March rose 10%, Ford said, a bounce from the 1.3% decline in the first quarter overall. The biggest jump was in retail

By Olesya Dmitracova, CNN London (CNN) — Europe has “a strong plan” for striking back at the United States in response to Donald Trump’s tariff hikes “if necessary,” a top official said Tuesday on the eve of a long-anticipated announcement of massive import levies by the US president. For weeks, Trump has promoted April 2

CNN By Olesya Dmitracova, CNN London (CNN) — Europe has “a strong plan” for striking back at the United States in response to Donald Trump’s tariff hikes “if necessary,” a top official said Tuesday on the eve of a long-anticipated announcement of massive import levies by the US president. For weeks, Trump has promoted April

By Alicia Wallace, CNN (CNN) — America’s economic engine is running a little rough these days. Consumer confidence is cratering, debt burdens are growing, people are worrying more about their jobs and they’re pulling back on some spending out of caution. Still, while the overall fundamentals that prop up the consumer remain solid, the risks

By Ramishah Maruf, CNN New York (CNN) — Hooters — the restaurant chain first known for its orange-clad, all-female wait staff and then its chicken wings — filed for bankruptcy, the company announced Monday. But the decades-old brand said it isn’t going anywhere. In the bankruptcy process, the company plans to sell all of its

By Samantha Delouya and Kit Maher, CNN (CNN) — President Donald Trump signed an executive order Monday aimed at ending ticket-price gouging for live entertainment. The order directs the Federal Trade Commission (FTC) to work with Attorney General Pam Bondi to ensure competition laws are enforced in the concert and entertainment industry. It aims to

CNN By David Goldman and Kevin Liptak, CNN (CNN) — For weeks, President Donald Trump has promoted April 2 as “Liberation Day” in America, when a number of massive tariffs will be announced to fulfill the administration’s ambitious economic agenda. The plan has largely remained a mystery, however, as Trump and his administration have floated

By John Towfighi, CNN New York (CNN) — As Wall Street heads into a new quarter, a flurry of President Donald Trump’s tariffs are set to go into effect. That has traders on edge and has helped put US stocks in their worst first-quarter slump in years. Wall Street has been rocked with volatility this

By David Goldman and Kevin Liptak, CNN (CNN) — For weeks, President Donald Trump has promoted April 2 as “Liberation Day” in America, when a number of massive tariffs will be announced to fulfill the administration’s ambitious economic agenda. The plan has largely remained a mystery, however, as Trump and his administration have floated a

By Matt Egan, CNN (CNN) — The US economy faces a growing risk of a recession as surging tariffs threaten to stunt growth, reignite inflation and lift unemployment, according to Goldman Sachs. The Wall Street bank warned clients Sunday night that it now sees a 35% chance of a recession in the next 12 months,

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Looming tariffs on imported cars could mean more than just higher prices for buyers and lower profits for automakers – it could also mean layoffs for American autoworkers. President Donald Trump says his auto tariffs will remake the industry, shifting production of both cars

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve admits it badly misjudged the beginning of the inflation crisis, but officials hope they won’t make the same mistake again. President Donald Trump’s tariffs are about to determine whether America’s central bank is up for the challenge. In 2021, as the US economy recovered from

By Auzinea Bacon, CNN (CNN) — Auto dealerships across the United States could see a jump in customer traffic this week as cost-conscious buyers look to avoid a possible uptick in prices and maintenance costs over the next few years, according to industry analysts. The growing concern over sticker shock has one cause: President Donald

By Nayeli Jaramillo-Plata, CNN (CNN) — Federal funding cuts have thrown local food systems in Wisconsin — and across the US — into chaos. This month, the US Department of Agriculture (USDA) announced it is terminating 2025 funding for two pandemic-era initiatives: the Local Food Purchase Assistance (LFPA) and Local Food for Schools (LFS) programs.

CNN By David Goldman and Betsy Klein, CNN (CNN) — President Donald Trump said Saturday he doesn’t care if automakers hike prices because of his tariffs. In fact, he encouraged them to. Asked by NBC News’ Kristen Welker in a phone interview about whether he pressured automakers to avoid raising prices after his 25% tariffs

By David Goldman and Betsy Klein, CNN (CNN) — President Donald Trump said Saturday he doesn’t care if automakers hike prices because of his tariffs. In fact, he encouraged them to. Asked by NBC News’ Kristen Welker in a phone interview about whether he pressured automakers to avoid raising prices after his 25% tariffs on

By Alaa Elassar, Auzinea Bacon and Connor Greene, CNN (CNN) — Hundreds of “Tesla Takedown” demonstrations are taking place in the United States, Canada and Europe as activists ramp up their opposition to CEO Elon Musk’s efforts to slash federal government staffing and budgets. Since joining the Trump administration, Musk has aggressively pushed policies to

By Brian Stelter, CNN (CNN) — The White House Correspondents’ Association is reversing course and canceling its plans to have comedian Amber Ruffin headline this year’s annual fundraising dinner in Washington, DC. Instead, the association says it will celebrate the First Amendment and the free press. “At this consequential moment for journalism, I want to

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