By Bryan Mena, CNN Washington (CNN) — Economists and top policymakers at the Federal Reserve see a growing risk of America’s job market weakening because of President Donald Trump’s erratic trade war, according to minutes from the central bank’s latest policy released Wednesday. “The labor market was expected to weaken substantially,” the minutes said, adding
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By Anna Cooban, CNN London (CNN) — The United Nations expects that millions of potential jobs will vanish this year because of an economic slowdown triggered by US President Donald Trump’s trade war. The International Labour Organization (ILO), a UN agency, predicts in a report released Wednesday that 53 million jobs will be created worldwide
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By Clare Duffy, CNN New York (CNN) — Google and Apple will soon be required to verify app store users’ ages in Texas, after Gov. Greg Abbott signed the rule into law on Tuesday. The Texas App Store Accountability Act follows similar legislation that passed in Utah earlier this year, although it requires the app
Continue ReadingBy Nathaniel Meyersohn, CNN New York (CNN) — Companies are warning investors about the risks of becoming the next target of angry customers. Corporate America is required to disclose risks to their businesses in their annual regulatory filings. This year, Walmart, Target, Home Depot, Corona-parent Constellation Brands join an increasing number of companies advising investors
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By Jordan Valinsky, CNN New York (CNN) — With beer sales flatlining, Anheuser-Busch is looking beyond hops and toward Ultimate Fighting Championship’s controversial boss Dana White to help them crack the growing energy drink category. Launching nationwide Wednesday is Phorm Energy, the company’s newest energy drink. The non-alcoholic caffeinated beverage marks the first product stemming
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By Lisa Eadicicco, CNN (CNN) — In 2011, then-President Barack Obama pressed Apple CEO Steve Jobs on what it would take to bring iPhone production to the United States, according to The New York Times. Fourteen years later, President Donald Trump is resurfacing that question to current Apple CEO Tim Cook – and the stakes
Continue ReadingBy John Towfighi, CNN New York (CNN) — A divergence is taking hold in markets: While Wall Street is sending money abroad, Main Street is leaning in to America, doubling down on a “buy-the-dip” strategy that has, for now, paid off. Wall Street heavyweights continue to warn that the trade war could hurt the economy,
Continue ReadingReuters (Reuters) — Brazilian labor prosecutors filed a lawsuit on Tuesday against Chinese carmaker BYD, holding it responsible for human trafficking and “slavery-like conditions” for workers building a factory in its biggest market outside China. The lawsuit seeks 257 million reais ($45 million) in moral damages from BYD and two contractors, JinJiang and Tecmonta, according
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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
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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
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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
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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,”
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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
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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 &
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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
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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
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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%
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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
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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
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