By Bryan Mena, CNN Washington (CNN) — It’s been a little while since Americans had an inkling of optimism about the economy. Consumer confidence rose 12.3 points this month to a reading of 98, the Conference Board said in its latest survey released Tuesday, the first monthly gain since November. That’s higher than economists’ expectations
Continue Reading
By David Goldman, CNN New York (CNN) — Rinse, repeat. Stocks rose Tuesday after President Donald Trump did a 180-degree turn on his threat to place a massive 50% tariff on goods imported from the European Union. The Dow was up 400 points, or 0.98%. The broader S&P 500 rose 1.2% and the tech-heavy Nasdaq
Continue Reading
By Brian Stelter, CNN (CNN) — National Public Radio filed a First Amendment lawsuit against the Trump administration on Tuesday, alleging that President Trump’s attempt to defund NPR is a “clear violation of the Constitution.” Several NPR member stations from Colorado joined the national network in filing the suit, highlighting the local impacts of taxpayer-funded
Continue ReadingBy Anna Cooban, CNN London (CNN) — Tesla’s sales plummeted by more than half across the European Union last month even as the bloc’s overall electric car market grew. New registrations for Tesla (TSLA) vehicles fell nearly 53% across the EU in April compared with the same month in 2024, according to data released Tuesday
Continue Reading
By Bryan Mena, CNN Washington (CNN) — By week’s end, it’ll be much clearer how the US economy is holding up amid President Donald Trump’s sweeping policy changes. Trump’s erratic trade war has already unsettled consumers and taken a toll on economic growth — mostly due to American businesses rushing to stock up on imports.
Continue ReadingBy Samantha Delouya, CNN (CNN) — Memorial Day marks the unofficial start to summer, but this year, it may also kick off a season of higher prices. Small businesses that sell beer, fireworks and other summer staples told CNN they are grappling with higher costs amid new tariffs that the Trump administration placed on nearly
Continue ReadingBy Auzinea Bacon, CNN (CNN) — Gas prices are holding steady for the nearly 40 million Americans expected to hit the road on Memorial Day. The average cost of a gallon of regular unleaded in the United States on Sunday was $3.18, according to AAA, the lowest over a Memorial Day weekend since 2021, when
Continue ReadingBy Kit Maher and Robert Ilich, CNN (CNN) — President Donald Trump said Sunday that he has agreed to give the European Union an extension until July 9 on tariffs, after a “very nice call” from European Commission President Ursula von der Leyen. “(Von der Leyen) said she wants to get down to serious negotiation,”
Continue Reading
By Bryan Mena, CNN Washington (CNN) — Being an honest public servant will always be a rewarding choice, Federal Reserve Chair Jerome Powell said Sunday in a speech at a pre-graduation ceremony at Princeton University amid months of unrelenting personal attacks from President Donald Trump. “As you navigate the world of bright possibilities that awaits
Continue Reading
By Auzinea Bacon, CNN (CNN) — After a slow start to 2025, the Hollywood box office has pulled off a “Stitchpossible” comeback buoyed by a huge holiday weekend. Disney’s “Lilo & Stitch” and the eighth installment of “Mission: Impossible” helped spark a record $325 million estimated box office haul for Memorial Day weekend. “Lilo &
Continue Reading
By Lisa Eadicicco, CNN (CNN) — First lady Melania Trump released an audiobook version in her voice of her memoir on Thursday — but she won’t actually be the one narrating it. “I am honored to bring you Melania – The AI Audiobook – narrated entirely using artificial intelligence in my own voice,” she wrote
Continue ReadingBy Chris Isidore, CNN (CNN) — The American penny isn’t going anywhere anytime soon. The US Treasury Department announced Thursday that it plans to start winding down production of the one-cent coin it has been minting for more than 230 years. But the penny will still remain legal tender, and will still be in use
Continue ReadingBy Ramishah Maruf, CNN New York (CNN) — The unofficial start of summer is here, which means people will be hosting barbeques and pool parties — and finally bringing out the all-white outfits. But Memorial Day, the federal holiday falling on the last Monday of May, honors members of the US armed forces who died
Continue ReadingBy Brian Stelter, CNN (CNN) — Journalists who cover the US military say they are extremely concerned by Defense Secretary Pete Hegseth’s constraints on press access at the Pentagon. They say the newest restrictions, outlined Friday night, appear to be “a direct attack on the freedom of the press and America’s right to know what
Continue Reading
By Auzinea Bacon, CNN (CNN) — Social media platform X, formerly known as Twitter, was briefly inaccessible for thousands of US users early Saturday, according to Downdetector.com, which tracks internet disruptions. The site appears to have resolved the outage, as DownDetector reports are down to 690 as of 11:30 a.m. ET. Users in the United
Continue ReadingBy Auzinea Bacon, CNN (CNN) — President Donald Trump’s sweeping tariffs have given many Americans whiplash. The list of companies announcing price changes as a result is equally daunting. Among the levies Trump has imposed is a 10% baseline tariff for most imports and a 30% tariff on most Chinese goods. Some goods, such as
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — McDonald’s is pulling the plug on its CosMc’s spinoff just two years after the alien-themed spinoff took off. The chain announced Friday that it’s closing all five locations next month. CosMc’s, named after a little-known alien McDonald’s character, opened in 2023 in response to fast-growing specialty coffee
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — Mike Keech, the CEO of Liquid I.V., thinks you have a problem that you might not even be aware of. “A majority of consumers, Americans and people around the world are chronically dehydrated,” he told CNN. “They just don’t know it.” Even if consumers don’t know if
Continue ReadingBy Kit Maher, Ramishah Maruf and Chris Isidore, CNN New York (CNN) — President Donald Trump announced a partnership between U.S. Steel and Japanese steelmaker Nippon that he says will keep the headquarters in Pittsburgh and draw $14 billion in investment toward the US economy. “This will be a planned partnership between United States Steel
Continue Reading
By Olesya Dmitracova, CNN London (CNN) — A record number of Americans applied for British citizenship between January and March, according to the first set of data covering the start of Donald Trump’s second presidential term. Some 1,931 Americans put in an application, the most since records began in 2004 and a jump of 12%
Continue Reading
By John Towfighi, CNN New York (CNN) — Markets thought they had a serious debt problem. Now they have a trade war problem to worry about again. Stocks and the dollar fell Friday after President Donald Trump brought the trade war back to the forefront with threats of massive tariffs against America’s most valuable company
Continue Reading
By David Goldman, CNN (CNN) — President Donald Trump on Friday demanded Apple make its iPhones in the United States or face a 25% tariff. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in
Continue Reading
By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Friday threatened a 50% tariff on goods from the European Union, citing a lack of progress in current trade negotiations. “Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led
Continue ReadingBy Chris Isidore, CNN (CNN) — The Trump administration is giving businesses a free pass from a wide variety of enforcement actions. Boeing, Capital One, Southwest Airlines and Coinbase all faced legal action from the Biden administration, which accused the companies of cheating their customers, the government or otherwise acting improperly. But multiple federal agencies
Continue Reading
By Nathaniel Meyersohn, CNN New York (CNN) — America’s highest-profile retail chains are walking a difficult tightrope — trying to blunt the financial hit from tariffs by raising prices for consumers without angering them or President Donald Trump. Walmart, Target and Home Depot are recent examples of how companies are struggling to navigate raising prices
Continue Reading
By Clare Duffy, CNN New York (CNN) — Minutes after Louisiana State Police got word on Friday morning that 10 inmates had escaped a New Orleans jail, two of them were spotted on facial recognition cameras in the city’s French Quarter. Police arrested one of the escapees shortly after; the other, days later. The cameras
Continue ReadingBy John Liu, CNN Hong Kong (CNN) — Chinese consumer electronics giant Xiaomi has launched a new electric SUV and debuted a self-designed smartphone chip, in a push to expand beyond its roots in budget devices. The company’s CEO and founder Lei Jun introduced the YU7, Xiaomi’s first SUV, and the Xring O1, a 3-nanometer
Continue Reading
By Liam Reilly, CNN (CNN) — The Federal Trade Commission on Wednesday sent Media Matters for America a letter demanding communications between the progressive media watchdog and advertising entities as the commission probes whether the watchdog colluded with advertisers to pull funding from Elon Musk’s X. Media Matters was notified in a letter dated May
Continue ReadingBy Samantha Delouya, CNN (CNN) — Mortgage rates are inching back toward 7%, highlighting the ongoing strain on US home buyers. The average rate on a standard, 30-year fixed mortgage was 6.86% in the week ending May 22, the highest level since mid-February, according to data released Thursday from Freddie Mac. Growing concern about the
Continue ReadingBy Lisa Eadicicco, CNN (CNN) — Artificial intelligence startup Anthropic says its new AI model can work for nearly seven hours in a row, in another sign that AI could soon handle full shifts of work now done by humans. The new model could bring AI one step closer to replacing jobs as tech giants
Continue Reading