CNN Business/Consumer

By John Towfighi, CNN New York (CNN) — US stocks plunged Friday and a broad selloff gripped Wall Street as investors digested slightly stubborn inflation data and weakening consumer sentiment while wrestling with continued tariff anxiety. The Dow tumbled 715 points, or 1.7%. The broader S&P 500 fell 1.9% and the Nasdaq Composite slid 2.6%.

By Alicia Wallace, CNN (CNN) — Tariffs are looming, inflation is still sticky and US consumers are bracing themselves for the impact. That’s according to data released Friday from the Commerce Department: Americans socked away money into savings, pulled back on discretionary purchases, and, when accounting for inflation, increased their spending ever so slightly after

By John Towfighi and Matthew Kaufman, CNN New York (CNN) — President Donald Trump’s auto tariffs could send the cost of a new car soaring. Fixing the car you already have will likely get more costly, too. Trump said Wednesday he is imposing 25% tariffs on car parts coming into the US, in addition to

By Hadas Gold, CNN New York (CNN) — Elon Musk was speaking to Tesla staff in Austin, Texas, last Thursday when he admitted: “I’m stretched pretty thin. I have like 17 jobs.” The meeting seemed hastily arranged. Employees were notified shortly before the event, which was scheduled for 9:30 pm, Business Insider reported. Never before

By Ramishah Maruf, CNN New York (CNN) — Two Federal Trade Commission members who were fired this month have filed a lawsuit against the Trump administration, arguing on Thursday that the decision violated a long-established legal precedent preventing political firings. On March 18, Democratic Commissioners Alvaro Bedoya and Rebecca Kelly Slaughter received an email from

By Alicia Wallace, CNN (CNN) — The Trump administration’s culling of government programs and agencies has resulted in an unprecedented wave of federal workers joining the ranks of job seekers — and new data shows a spike in job applications from agencies impacted by the Department of Government Efficiency. Those job hunts are coming at

By Chris Isidore, CNN New York (CNN) — Get ready to pay more for your next car. Auto prices in the United States will start to rise very soon – perhaps within the next few weeks. That’s because President Donald Trump once again announced plans for 25% tariffs on imported cars and parts that will

CNN, POOL By Chris Isidore, CNN New York (CNN) — Get ready to pay more for your next car. Auto prices in the United States will start to rise very soon – perhaps within the next few weeks. That’s because President Donald Trump once again announced plans for 25% tariffs on imported cars and parts

CNN By Elisabeth Buchwald, Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — President Donald Trump on Wednesday announced 25% tariffs on all cars shipped to the United States, a significant escalation in a global trade war. The tariffs, set to take effect on April 3 at 12:01 am ET, are aimed at expanding

By John Liu and Hassan Tayir, CNN Hong Kong (CNN) — In the world of electric vehicles, there’s a Chinese company outdoing Elon Musk’s Tesla. And it’s just getting started. BYD, the Shenzhen-based Chinese EV champion, eclipsed Tesla in annual sales last year. Last week, it unveiled a revolutionary battery charging technology that it says

By Elisabeth Buchwald, Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — President Donald Trump on Wednesday announced 25% tariffs on all cars shipped to the United States, a significant escalation in a global trade war. The tariffs, set to take effect on April 3 at 12:01 am ET, are aimed at expanding America’s

By John Towfighi, CNN New York (CNN) — Gold isn’t the only metal smashing through record high prices. Copper prices in New York hit a record high on Wednesday after Bloomberg reported that President Donald Trump might impose tariffs on copper imports in the coming weeks. Wall Street had expected tariffs on copper to come

By Brian Stelter and Liam Reilly, CNN (CNN) — For Rep. Marjorie Taylor Greene and other House Republicans, today’s DOGE subcommittee hearing is about tarnishing PBS and NPR with accusations of bias and targeting them for defunding. For the broadcasters, today is about defending their existence – and maybe, just maybe, educating people about how

By Jordan Valinsky, CNN New York (CNN) — After GameStop closed about a quarter of its locations within the past year, shuttering 1,000 stores across the world, the company said it’s not close to done. And as the struggling company closes stores, it will invest cash in cryptocurrencies. GameStop revealed in a regulatory filing Tuesday

By Nathaniel Meyersohn, CNN New York (CNN) — Wall Street cheered President Donald Trump’s election because businesses expected a massive deregulation effort. Trump knows this — and his administration appears to be leveraging that to get something in return: rollbacks of companies’ diversity, equity and inclusion policies. The federal government typically tries to block corporate

By Nathaniel Meyersohn, CNN New York (CNN) — Dollar Tree is ending its short-lived and ill-fated Family Dollar experiment, offloading the discount brand for $1 billion – just a fraction of its purchase price from a decade ago. Family Dollar will be sold to private equity groups Brigade Capital Management and Macellum Capital Management, pending

By Jeanne Sahadi, CNN (CNN) — Bonus season on Wall Street runs through March, and based on estimates released Wednesday morning, it has been a lucrative start to spring for the more than 200,000 people working for New York City-based securities firms. Their total bonus pool hit a record $47.5 billion, up 34% from last

By Brian Stelter, CNN (CNN) — One of the international broadcasters targeted for termination by President Donald Trump has been granted a reprieve by a federal judge. US District Judge Royce C. Lamberth has granted Radio Free Europe/Radio Liberty’s request for a temporary restraining order that will help the broadcaster stay on the air and

By Clare Duffy, CNN New York (CNN) — As we all live more of our lives online, it’s important to understand who might have access to our conversations and internet searches – and to understand how to maintain privacy in an increasingly connected world. In the days since billionaire Elon Musk and his Department of

By Bryan Mena, CNN Washington (CNN) — America’s economic mood continues to deteriorate as President Donald Trump carries on with his sweeping economic agenda. Consumer confidence slid 7.2 points this month to a reading of 92.9, the Conference Board said Tuesday in its latest survey, reaching its lowest level since January 2021 and extending a

By Jordan Valinsky, CNN New York (CNN) — Florida has been working for years to crack down on employers that hire undocumented immigrants. But that presented a problem for businesses in the state that are desperate for workers to fill low-wage and often undesirable jobs. Florida’s Republican Gov. Ron DeSantis and the state legislature have

By John Liu, CNN Hong Kong (CNN) — China’s EV giant BYD recorded revenues of 777 billion yuan ($107 billion) for 2024, surging ahead Elon Musk’s Tesla in annual sales amid intensifying competition in the global market for clean-energy cars. In a filing on Monday, BYD reported a 29% jump in sales from the previous

By John Liu, CNN Hong Kong (CNN) — Samsung Electronics co-CEO Han Jong-Hee died from cardiac arrest on Tuesday, according to a spokesperson for the South Korean tech giant. Han was 63. Born in 1962, Han had overseen Samsung’s consumer electronics and mobile devices businesses since 2022, according to the company. He was named Samsung