By Brian Stelter, CNN (CNN) — Amid an antitrust battle with the Justice Department, global entertainment company Live Nation is adding one of President Trump’s closest advisors to its board of directors. Richard Grenell, who is both Trump’s presidential envoy for special missions and the newly installed president of the Kennedy Center, was named to
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By Jordan Valinsky, CNN New York (CNN) — Elon Musk says he’ll be sticking around as CEO of Tesla for the next few years. During an interview Tuesday at Bloomberg’s Qatar Economic Forum in Doha, Musk was asked if he was committed to being the leader of Tesla for the next five years, and he
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By Lisa Eadicicco, CNN (CNN) — The very basic meaning of what it means to ” Google” something – typing in keywords and sifting through links, images and information snippets is nearly behind us, according to Google. The search giant laid out its vision for the future of searching the web on Tuesday, introducing a
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — Selena Gomez isn’t a stranger to collaborations on her music, but her latest partner is a bit different: Oreo. The singer, actress, investor and now, cookie maker, created a first-ever flavor for Oreo as part of the cookie company’s growing roster of partnerships to help attract Gen
Continue ReadingBy Brian Stelter, CNN (CNN) — Sometimes the arguments could be heard well down the hall. The topic was “60 Minutes,” and the tension was audible. CBS News chief Wendy McMahon was clashing with her bosses over upcoming stories on the newsmagazine — in part because President Trump’s legally dubious lawsuit against CBS meant that
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By Nathaniel Meyersohn, CNN New York (CNN) — Home Depot plans to keep most of its prices stable, despite President Donald Trump’s tariffs driving costs up. But tariffs may cause Home Depot to increase prices on select items and eliminate some product lines entirely. “We don’t see broad based price increases for our customers at
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By Elisabeth Buchwald, CNN (CNN) — After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other. Moody’s Ratings said problematic debt levels far outpacing government revenue led to the downgrade. Now, it’s up to lawmakers on both sides to take actions to improve
Continue ReadingBy John Liu, CNN Hong Kong (CNN) — Shares in China’s Contemporary Amperex Technology (CATL), the world’s largest electric vehicle battery maker, surged as much as 18% on its first day of trading in Hong Kong, shrugging off geopolitical uncertainties. On Tuesday, CATL shares opened at 296 Hong Kong dollars ($37.8), well above the subscription
Continue ReadingBy Nectar Gan, CNN Hong Kong (CNN) — Despite a 90-day truce in its trade war with the United States, China appears to be maintaining tight control over its rare earth exports – preserving a key source of leverage in future negotiations amid intensifying strategic rivalry with Washington. As part of last week’s trade agreement
Continue ReadingBy Matt Egan, CNN New York (CNN) — The nearly 40 million Americans expected to hit the roads this Memorial Day weekend will have something to make them smile while sitting in traffic: cheap gas prices. The national average price of a gallon of gasoline is expected to be $3.08 on Memorial Day, according to
Continue ReadingBy Alicia Wallace, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon says the full effects of tariffs have yet to be felt and that markets are exhibiting an “extraordinary amount of complacency” in the face of those and other risks. “When I’ve seen all these things adding up that are on the fringes of extreme,
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By Brian Stelter, CNN (CNN) — The top executive in charge of CBS News resigned on Monday amid President Trump’s intensifying political pressure against the news operation. Wendy McMahon alluded to a “challenging” past few months in a farewell memo to employees. “It’s become clear that the company and I do not agree on the
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By Clare Duffy, CNN New York (CNN) — More than 100 organizations are raising alarms about a provision in the House’s sweeping tax and spending cuts package that would hamstring the regulation of artificial intelligence systems. Tucked into President Donald Trump’s “one big, beautiful” agenda bill is a rule that, if passed, would prohibit states
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By Samantha Delouya, CNN (CNN) — US homebuilders pulled back on projects in April amid whipsaw tariff announcements and growing fears of economic stress, new data on Friday revealed. Single-family home starts dropped 12% in April compared to one year ago, on a seasonally adjusted basis, according to data from the US Census Bureau and
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By Clare Duffy, CNN New York (CNN) — In recent years, people ranging from Taylor Swift and Rep. Alexandria Ocasio-Cortez to high school girls around the country have been victims of non-consensual, explicit deepfakes — images where a person’s face is superimposed on a nude body using artificial intelligence. Now, after months of outcry, there
Continue ReadingBy David Goldman, CNN (CNN) — Wall Street is on edge about American investments again after receiving a significant warning about the safest of all safe havens: US debt. Moody’s downgraded America’s debt on Friday evening from its previously perfect AAA credit rating, the last of the three major credit rating agencies to strip US
Continue ReadingBy Chris Isidore, CNN (CNN) – Negotiators for New Jersey Transit and the Brotherhood of Locomotive Engineers and Trainmen (BLET), the union representing 450 striking engineers, have reached a tentative labor agreement that would bring an end to the three-day strike, according to the union. New Jersey Transit did not have a comment on the
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CNN By Auzinea Bacon, CNN (CNN) — Tariff rates will soon return to a “reciprocal” level if countries don’t reach trade agreements during the 90-day pause, Treasury Secretary Scott Bessent said Sunday. “President Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your
Continue Reading By Auzinea Bacon, CNN (CNN) — Tariff rates will soon return to a “reciprocal” level if countries don’t reach trade agreements during the 90-day pause, Treasury Secretary Scott Bessent said Sunday. “President Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your April
Continue ReadingBy Jeanne Sahadi, CNN (CNN) — Getting into college can be hard. But figuring out how to finance college so that neither parent nor child are left financially hard up? It’s a new, highly annoying level of hard — at least if you hope to get an adequate financial aid package to supplement your and
Continue ReadingBy Elisabeth Buchwald, CNN (CNN) — The steep drop in tariff rates on Chinese goods shipped to the United States might have consumers thinking there’s significant relief in sight — at least compared to before. But in practice it might not feel that way. With timing of the essence given the new rates are only
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — It’s tough out there to be a tequila maker — not even Kendall Jenner is immune from the industry’s challenges. 818 Tequila, the four-year-old brand owned by Jenner, has slowed down hiring and dialed back spending on some of its marketing efforts, a troubling sign for the
Continue ReadingBy Ramishah Maruf, CNN New York (CNN) — Naomi Lin’s favorite high-end accessory is wildly popular, an acquired taste, and shockingly resilient in the face of a tariff onslaught. No, it’s not Manolos or the latest offering from Prada — it’s a gremlin-like plush. It’s a Labubu, a palm-sized Nordic elf with bright eyes, sharp
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By Auzinea Bacon, CNN (CNN) — President Donald Trump on Saturday said Walmart needs to stop “trying to blame tariffs” after the retail giant announced Thursday its products would become more expensive. Walmart’s CEO said the price increases were a result of Trump’s tariffs being “too high,” particularly when it came to Chinese goods. “We
Continue ReadingBy Elisabeth Buchwald, CNN (CNN) — Moody’s Ratings downgraded the United States’ debt on Friday, stripping the country of its last perfect credit rating. The move could rattle financial markets and push up interest rates. This is a developing story and will be updated. The-CNN-Wire™ & © 2025 Cable News Network, Inc., a Warner Bros.
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By Chris Isidore, CNN (CNN) — The US Department of Justice is set to drop a criminal case against aircraft maker Boeing despite the fact that the company agreed to plead guilty last year, according to attorneys for families of victims of two fatal crashes of the 737 Max that led to the case. The
Continue ReadingBy Liam Reilly, CNN Elon Musk’s artificial intelligence company on Friday said a “rogue employee” was behind its chatbot’s unsolicited rants about “white genocide” in South Africa earlier this week. The clarification comes less than 48 hours after Grok — the chatbot from Musk’s xAI that is available through his social media platform, X —
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By Alicia Wallace, CNN (CNN) — Americans’ feelings about the US economy remain in the doldrums: Consumer sentiment continued its freefall this month, settling in at a near-record low. The University of Michigan’s closely watched consumer sentiment index fell 2.7% to a preliminary reading of 50.8 for May, dropping further from April’s reading of 52.2.
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By Jordan Valinsky, CNN New York (CNN) — Bahama Breeze abruptly closed more than one-third of its restaurants this week, further compounding the casual dining segment’s problems. Darden Restaurants, Bahama Breeze’s parent company, said in a statement that the closure of 15 locations was the “right decision because it will allow Bahama Breeze to focus
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By Tami Luhby, CNN (CNN) — Keeping cool could cost a lot more this summer — yet another financial squeeze for many inflation-weary consumers. Americans can expect to shell out a record $784, on average, to cool their homes from June through September, according to a new analysis by the National Energy Assistance Directors Association
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