CNN Business/Consumer

By Samantha Delouya, CNN (CNN) — Springtime home shoppers may be feeling the impact of an intensifying trade war. The average rate on a standard, 30-year fixed mortgage was 6.83% in the week ending April 17, up from 6.62% a week ago, mortgage financing provider Freddie Mac said Thursday. That’s the largest one-week jump in

By John Towfighi, CNN New York (CNN) — US stocks were mixed Thursday after President Donald Trump called for the termination of Federal Reserve Chair Jerome Powell for not cutting interest rates fast enough — a criticism he has levied multiple times in a long-standing feud between the president and the Fed chair. The Dow

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Thursday ratcheted up his criticism against Federal Reserve Chair Jerome Powell, calling for his “termination” for not cutting interest rates quickly enough. His comments come one day after the central bank chief delivered a stark warning about the effect of Trump’s sweeping tariffs on

By Anna Cooban, CNN London (CNN) — The European Central Bank cut its main interest rate by a quarter of a percentage point Thursday, citing growing trade tensions after US President Donald Trump’s tariffs sparked a global trade war. While the 20 countries that use the euro have built up “resilience against global shocks,” the

By Jordan Valinsky, CNN New York (CNN) — Taco Bell is bringing back crispy chicken nuggets — and this time the chain promises there won’t be a near-instant sell out. Beginning April 24, chicken nuggets return to Taco Bell nationwide for an eight-week run. However, the company is exclusively revealing to CNN that the nuggets

By Matthew Kaufman, CNN New York (CNN) — Zoom users experienced issues accessing the video conferencing service Wednesday afternoon, with thousands reporting issues joining meetings and accessing the Zoom website. Service appeared to be restored within two hours of the first outage reports, according to outage tracking site Downdetector.com. “We are aware that some users

By John Towfighi, CNN New York (CNN) — US stocks fell Wednesday as Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in modern history, with effects that “remain highly uncertain.” The Dow was down 720 points, or 1.8%. The broader S&P 500 fell 2.6%. The tech-heavy Nasdaq Composite slid 3.8%.

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s significant policy changes, including on tariffs, are unlike anything seen in modern history, putting the Federal Reserve in uncharted waters, Chair Jerome Powell said Wednesday. “These are very fundamental policy changes,” Powell said at an event hosted by the Economic Club of Chicago. “There isn’t

By Ramishah Maruf, CNN New York (CNN) — China is taking the trade war to a new battleground: America’s TikTok feeds. Chinese suppliers have been flooding American social media this week, urging users to outflank President Donald Trump’s 145% tariffs on Beijing by buying directly from their factories. One TikTok user, who goes by Wang

By Anna Cooban, CNN London (CNN) — President Donald Trump’s global trade war will hurt economies around the world this year, including the US, according to a new report by The World Trade Organization. The WTO projects global economies will grow more slowly than they would without tariffs — and that will be especially the

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump is using tariffs to disrupt nearly everything about the global trade order. Except for a tariff policy that favors men over women. For decades, the US tariff system has taxed women’s clothing more heavily than men’s. Tariffs on women’s clothing are currently about three

By Bryan Mena, CNN Washington (CNN) — Americans rushing to buy goods ahead of President Donald Trump’s sweeping tariffs likely gave March retail sales a boost. But economists warn that strength will probably fade as tariffs eventually fuel price increases. The Commerce Department is set to release March retail spending data at 8:30 a.m. ET

By John Liu, John Towfighi and Anna Cooban, CNN (CNN) — Nvidia is caught in the middle of an escalating trade war between the world’s two largest economies. Nvidia on Tuesday said it will take a $5.5 billion financial hit after Washington placed fresh restrictions on the export of its H20 artificial intelligence chips to

By Juliana Liu and John Liu, CNN Hong Kong (CNN) — China has posted unexpectedly strong economic growth in the first three months of 2025, before the full force of US President Donald Trump’s tariffs took effect. Growth in its gross domestic product (GDP) hit 5.4% in the first quarter, the National Bureau of Statistics

By Chris Lau, CNN Hong Kong (CNN) — Hong Kong’s postal service will stop handling packages coming from or going to the United States, in the latest retaliatory move amid an escalating trade war between Washington and Beijing. In a statement published Wednesday announcing the decision, the government of Hong Kong cited US President Donald

By Nectar Gan and John Liu, CNN Hong Kong (CNN) — Less than a year into Donald Trump’s first trade war with China, Chinese leader Xi Jinping made a high-profile visit to an unassuming factory in Ganzhou, an industrial city nestled among rolling hills in the country’s southeast. Touring its exhibition hall in 2019, Xi

By James Frater and Olesya Dmitracova, CNN London (CNN) — The European Union has announced it will impose retaliatory tariffs on American toilet paper, soybeans, eye makeup and hundreds of other products if trade negotiations with the United States aren’t successful. The bloc of 27 countries published Monday a long list of US products, most

By Chris Isidore, CNN (CNN) — Shares of Boeing fell Tuesday following a report that China has halted the delivery of all its jets to airlines in the country as part of the escalating trade war. Boeing (BA), a component of the Dow Jones Industrial Average, fell 2% in early trading after dropping more sharply

By Jordan Valinsky, CNN New York (CNN) — Starbucks is updating its uniform policy, emphasizing the appearance of its recognizable “green aprons” as part of CEO Brian Niccol’s broader plans to revive the slumping brand. Beginning May 12, baristas at stores in North America will have to wear solid black tops under their aprons, a

By Jordan Valinsky, CNN New York (CNN) — American Airlines will soon offer free Wi-Fi on most of its flights, becoming the latest major carrier to add the perk. Beginning in January 2026, members of the airline’s free loyalty program will have access to the perk. Wi-Fi will be available on 90% of its fleet

CNN By Auzinea Bacon and Clare Duffy, CNN Washington, DC (CNN) — Meta CEO Mark Zuckerberg took the witness stand Monday to defend his company against accusations by the Federal Trade Commission that it bought competing social media companies to dominate the market with a monopoly. It was the first of what is expected to

By Matthew Kaufman, CNN (CNN) — A group of US businesses filed a lawsuit Monday arguing that President Donald Trump’s tariffs are illegal under the International Emergency Economic Powers Act (IEEPA). The suit was filed in the US Court of International Trade by the Liberty Justice Center, a legal advocacy group arguing on behalf of

By Auzinea Bacon and Clare Duffy, CNN Washington, DC (CNN) — Meta CEO Mark Zuckerberg took the witness stand Monday to defend his company against accusations by the Federal Trade Commission that it bought competing social media companies to dominate the market with a monopoly. It was the first of what is expected to be

By John Towfighi, CNN New York (CNN) — US stocks rose Monday as traders rallied on the Trump administration’s exemption for tariffs on smartphones, computers and various electronics imported from China. The Dow rose 312 points, or 0.78%. The broader S&P 500 rose 0.79%. The tech-heavy Nasdaq Composite gained 0.64%. All three major indexes closed