Money

By Auzinea Bacon, CNN (CNN) — President Donald Trump said on Saturday that he will increase the global tariffs he imposed a day earlier to 15% from 10% following an adverse ruling at the Supreme Court. The court on Friday ruled that Trump exceeded his authority with the way he imposed tariffs on trading partners

By Matt Egan, CNN (CNN) — Jeffrey Epstein is once again haunting one of the most powerful firms on Wall Street: Apollo Global Management. Five years after the Epstein scandal forced billionaire Leon Black to step down as Apollo’s CEO, the recent release of millions of documents related to Epstein show Black’s replacement, current CEO

By Elisabeth Buchwald, CNN (CNN) — When President Donald Trump announced plans to raise the nation’s effective tariff rate to levels not seen since 1930 last year, most CEOs were silent. They’d seen how opposing the president’s ambitions – let alone his signature economic policy – could prove even more costly than the policies he

By Matt Egan, David Goldman, CNN (CNN) — Now that the Supreme Court has taken away a significant chunk of President Donald Trump’s tariff-wielding authority, what does that mean for your prices? “Nothing,” said Stephanie Roth, chief economist at Wolfe Research. That’s because Trump has other tariff levers to pull. The Supreme Court noted other

By Jordan Valinsky, CNN New York (CNN) — Attention, Topo Chico fans: Brace yourself for a possible shortage that could stretch into the summer. Coca-Cola, which owns the carbonated mineral water brand, said the flagship product sold in glass bottles is “temporarily unavailable” in the United States because of “facility upgrades at the water source

By Elisabeth Buchwald, CNN (CNN) — The battle is just starting for the 300,000 businesses that want $134 billion in tariffs refunded. As it turns out, convincing six Supreme Court justices that President Donald Trump overstepped his authority in imposing sweeping tariffs relying on emergency economic powers was the easy part. The hard part: Getting

By Vanessa Yurkevich, CNN New York (CNN) — Egg prices have been plummeting. That’s great news for American shoppers, but bad news for American farmers. The average price of a dozen eggs at the grocery store is $2.58, according to the Bureau of Labor Statistics. That’s about half of what many consumers were paying a

By John Towfighi, CNN (CNN) — JPMorgan Chase on Thursday hit back at President Donald Trump’s debanking lawsuit against the company and CEO Jamie Dimon, filing to move the case from Florida state court to federal court and arguing the president’s initial lawsuit “fraudulently” included Dimon. JPMorgan Chase lawyers wrote in a notice, first reported

By Ramishah Maruf, Clare Duffy, CNN New York (CNN) — The West Virginia attorney general’s office sued Apple on Thursday, claiming the tech giant allowed child sexual abuse materials (CSAM) to be stored and distributed on its iCloud service. The lawsuit claims that Apple prioritized user privacy over child safety for years. The company has

By John Towfighi, CNN (CNN) — Oil prices jumped Thursday to their highest level in nearly seven months and investors snapped up safe havens like gold, as tensions between the United States and Iran continue to flare. Brent crude, the global benchmark, rose 1.86%, to $71.66 per barrel. US crude rose 1.9%, to $66.43 per

By Nathaniel Meyersohn, CNN New York (CNN) — Amazon has surpassed Walmart as the world’s largest company, measured by sales, breaking Walmart’s 13-year streak at the top of the list. Amazon posted $717 billion in sales in 2025. Walmart, the largest company in the world for more than a decade, recorded $713 billion in sales

By Chris Isidore, CNN (CNN) — The day before Philip Siefke went shopping for a new car insurance policy, he happened to hit his brakes hard while driving. Not 24 hours later, when he priced a policy with Progressive, he was shocked to find the insurer already knew about that mundane experience. “I’m like, how

By Lisa Eadicicco, CNN (CNN) — AI is either your most helpful coworker, a glorified search engine or vastly overrated depending on who you ask. And no one seems to agree on which is right. Tech executives championing AI have long spun the narrative that the tech will revolutionize jobs and bring about a new

By Hanna Ziady, CNN London (CNN) — Nestlé has thawed on ice cream. The world’s biggest food and drinks maker said Thursday that it was in “advanced negotiations” to sell its remaining ice cream business to its joint venture partner, Froneri. The division, which includes brands such as Häagen-Dazs and Drumstick, is valued at just

By Clare Duffy, Samantha Delouya, Veronica Miracle, CNN Los Angeles (CNN) — Meta CEO Mark Zuckerberg on Wednesday testified before a jury for the first time about accusations that social media, including Instagram, harm children’s mental health. Kaley, a 20-year-old woman, alleges Instagram and Google’s YouTube were intentionally designed to be addictive — and that

CNN, MONA EDWARDS By Clare Duffy, Samantha Delouya, Veronica Miracle, CNN Los Angeles (CNN) — Meta CEO Mark Zuckerberg on Wednesday testified before a jury for the first time about accusations that social media, including Instagram, harm children’s mental health. Kaley, a 20-year-old woman, alleges Instagram and Google’s YouTube were intentionally designed to be addictive

By Alicia Wallace, CNN (CNN) — There’s a widening gap between the haves and the have-nots in the United States, and economists are increasingly sounding the alarm. Income inequality has expanded in a short timeframe, and various economic indicators – including rising delinquency rates – are flashing a warning sign. The “K-shaped” economic recovery may

By Elisabeth Buchwald, CNN (CNN) — National Economic Council Director Kevin Hassett said Wednesday that researchers at the New York Federal Reserve who produced a study finding American businesses and consumers are shouldering 90% of the cost of President Donald Trump’s tariffs should be “disciplined.” “It’s, I think, the worst paper I’ve ever seen in