Money

By John Towfighi, CNN New York (CNN) — US stocks fell on Friday after President Donald Trump threatened a 35% tariff on Canada — a sharp escalation in an ongoing trade war. The Dow closed lower by 279 points, or 0.63%. The broader S&P 500 fell 0.33% and the tech-heavy Nasdaq Composite dropped 0.22%. Stock

By Elisabeth Buchwald, CNN (CNN) — Many economists already believe it’s a matter of time before Americans start to see sticker shock from the tariffs President Donald Trump has enacted. That timeline could speed up even more if Trump follows through with his latest package of tariff threats slated to take effect in three weeks.

By Matt Egan, CNN New York (CNN) — President Donald Trump’s shock-and-awe tariff campaign is off to a slow start when it comes to reviving American manufacturing jobs. While it will take time for the full impact to play out, the early results suggest that not only have tariffs failed to inspire a hiring boom,

By Lisa Eadicicco, CNN New York (CNN) — Samsung is looking into new wearable devices, potentially including earrings and necklaces, amid an industry-wide push to develop new types of AI-powered consumer electronics. AI could enable a new wave of devices that allow users to communicate and get things done more quickly without having to take

By Jeanne Sahadi, CNN (CNN) — For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law. The new law lifts what had been a $10,000 cap to $40,000 for tax year 2025 and then

By Luciana Lopez, Elisabeth Buchwald and Lex Harvey, CNN (CNN) — President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America’s northern neighbor and one of its most important trading partners. And, in a separate NBC News interview, he suggested

By Samantha Delouya and Kristen Holmes, CNN (CNN) — The Trump administration’s intensifying campaign against Federal Reserve Chair Jerome Powell hit a boiling point Thursday. Just two weeks after President Donald Trump sent a handwritten letter to Powell demanding lower interest rates, Russell Vought, Trump’s director of the Office of Management and Budget (OMB), accused

By Clare Duffy, CNN New York (CNN) — It’s looking increasingly likely that any sale of TikTok will mean US users have to download a new app. And that could mean an almost entirely different experience. After repeatedly delaying enforcement of a law that requires TikTok’s China-based parent company, ByteDance, to sell it or face

By Chris Isidore, CNN (CNN) — Tesla finally announced the date of its annual meeting, after dozens of angry shareholders asked what was taking it so long. A group of Tesla shareholders Wednesday sent a letter to the company demanding it schedule an annual meeting, as legally required. On Thursday, Tesla did just that, setting

By Sam Hudson, CNN London (CNN) — London’s Heathrow Airport is hoping to get travelers into the holiday mood this summer with a soundtrack of real-life jet engines, lift dings and baggage sirens. Created by Grammy-nominated Jordan Rakei, “Music for Heathrow” is the first track to be made entirely with sounds recorded from an airport,

By Jordan Valinsky, CNN New York (CNN) — Nutella maker Ferrero Group is buying cereal giant WK Kellogg Co in a $3.1 billion deal. Shares of WK Kellogg (KLG) jumped more than 30% in early trading. Ferrero said that it “plans to invest in and grow” the Kellogg business, which includes 14,000 employees and 22

By Brian Stelter, CNN (CNN) — Since the start of the century, the number of journalists working in the United States has declined by more than 75 percent, according to a new report detailing “severe shortages” in local news. “Stunningly, more than 1,000 counties — one out of three — do not have the equivalent

By Alicia Wallace, CNN (CNN) — Layoffs may not be mounting, but it’s getting harder to find a job in a labor market where hiring is “anemic” as tariff-driven economic uncertainty has put a chill on some employers. New data released Thursday showed that initial claims for unemployment benefits — considered a proxy for layoffs