CNN Business/Consumer

By Anna Cooban, CNN London (CNN) — The European Central Bank on Thursday cut its main interest rate again, citing slowing price rises. The widely anticipated move takes the ECB’s main rate to 2%, from 2.25% previously, and marks the eighth time the central bank has slashed borrowing costs since last June as inflation has

By John Towfighi, CNN New York (CNN) — Stablecoins are on the verge of going mainstream, analysts say, as a landmark regulatory bill makes its way through Congress. The Senate is deliberating the GENIUS Act, which would provide a framework for regulating stablecoins. The bill last week passed a major procedural hurdle in the Senate

WDJT, KFVS, CNN By Chris Isidore, CNN (CNN) — US tariffs on steel and aluminum doubled to 50% as of 12:01 am ET on Wednesday, a move cheered by the beleaguered American steel industry but worrisome to sectors that heavily use the metals, from car makers to can manufacturers. The jump in import taxes is

By Alicia Wallace, CNN (CNN) — High economic uncertainy has hiring grinding to a halt at US businesses. Job growth slowed for the second month in a row at private-sector firms, which added just 37,000 jobs in May, according to new employment estimates released Wednesday by payroll company ADP. May’s job gains, which marked a

By Simone McCarthy, CNN Hong Kong (CNN) — US President Donald Trump says Chinese leader Xi Jinping is “extremely hard to make a deal with” in a comment that comes as frictions rise between the two countries, weeks after they reached an agreement to de-escalate trade tensions. “I like President XI of China, always have,

By Lisa Eadicicco and Anna Stewart, CNN (CNN) — Demis Hassabis, CEO of Google’s AI research arm DeepMind and a Nobel Prize laureate, isn’t too worried about an AI “jobpocalypse.” Instead of fretting over AI replacing jobs, he’s worried about the technology falling into the wrong hands – and a lack of guardrails to keep

CNN, POOL, OECD REPORT By Chris Isidore, CNN (CNN) — US tariffs on steel and aluminum doubled to 50% as of 12:01 am ET on Wednesday, a move cheered by the beleaguered American steel industry but worrisome to sectors that heavily use the metals, from car makers to can manufacturers. The jump in import taxes

By Brian Stelter and Liam Reilly, CNN (CNN) — America’s two big public broadcasters, PBS and NPR, have 45 days to salvage their federal funding — starting now. On Tuesday, the Trump administration sent Congress a long-awaited request for lawmakers to cancel more than $1 billion in federal funds earmarked for the Corporation for Public

By Alicia Wallace, CNN (CNN) — The number of available jobs in the US unexpectedly increased in April, new data showed Tuesday, a potential indicator that the labor market isn’t yet buckling amid broader economic concerns. Job openings totaled an estimated 7.39 million at the end of April, up from 7.2 million in March, according

By Nathaniel Meyersohn, CNN New York (CNN) — Middle-class and wealthier Americans are heading to Dollar General. That’s benefiting the company, but it could be a warning sign for the wider economy. Dollar General said Tuesday that sales at stores open for at least a year had increased 2.4% last quarter. The discount chain also

By Anna Cooban, CNN London (CNN) — President Donald Trump’s trade war will wreak greater economic damage than previously expected, both in the United States and everywhere else, according to new forecasts by the Organisation for Economic Co-operation and Development. In a report Tuesday, the group of 38 mostly wealthy nations sharply downgraded its 2025

By Auzinea Bacon, CNN (CNN) — Snack brand giant Mondelez is suing grocery chain Aldi, alleging that the grocer’s store-brand snack packaging “blatantly copies” Mondelez. The maker of Oreo, Triscuit and Chips Ahoy filed the lawsuit on May 27 against the German grocer, which has US headquarters in Illinois, in the federal court for the

By Chris Isidore, CNN (CNN) — President Donald Trump is using his love of tariffs to threaten high-profile American companies. Over the past month, Trump has said he’d like to target two specific and very different companies – Apple and Mattel – with tariffs aimed at their key products over comments by their CEOs. Company-specific

By Anna Cooban and John Towfighi, CNN London/New York (CNN) — US stocks gained Monday as investors digested President Donald Trump’s doubling of tariffs on America’s steel and aluminum imports while trade tensions with China flare up once again. The Dow closed higher by 35 points. The S&P 500 gained 0.41% and the tech-heavy Nasdaq

CNN By Lisa Eadicicco, CNN New York (CNN) — For some small businesses, the last week brought even more twists and turns to the past two months of President Donald Trump’s chaotic tariffs. The situation was already confusing, with stops and starts of tariffs at different levels. Then on Wednesday, a US court said Trump

By Auzinea Bacon, CNN (CNN) — Commerce Secretary Howard Lutnick said Sunday that “tariffs are not going away” after a federal appeals court last week paused a block on many of the Trump administration’s sweeping tariffs. President Donald Trump “has so many other authorities that even in the weird and unusual circumstance where this was

By Elisabeth Buchwald, Rachel Wilson, Amy O’Kruk and Eleanor Stubbs, CNN (CNN) — President Donald Trump has repeatedly said the word “tariffs” is one of his favorite and one of the most beautiful. He’s made that abundantly clear over the past few months by enacting sweeping tariffs on all America’s trading partners, levying higher import