Inflation slowed more than expected in April, despite tariff-related price pressures building
CNN
US inflation slowed to its lowest rate in more than four years, an unexpected and welcome development at a time when President Donald Trump’s dramatically escalated tariffs are expected to cause prices to rise.
US inflation slowed to its lowest rate in more than four years, an unexpected and welcome development at a time when President Donald Trump’s dramatically escalated tariffs are expected to cause prices to rise. Consumer prices rose 0.2% last month, bringing the annual inflation rate to 2.3%, an unexpectedly cooler reading than the 2.4% seen in March, according to the latest Consumer Price Index data released Tuesday by the Bureau of Labor Statistics. It’s the lowest annual rate since February 2021. Economists had expected inflation not to slow last month: Gas prices dropped off less last month than they did earlier this year, and higher costs associated with President Donald Trump hiking of import taxes on US trading partners was expected to start filtering through to the store shelves. However, prices didn’t rise as much as economists thought they would. Economists expected that the CPI would rise 0.3% from March and hold steady at 2.4% for the 12 months ended in April, according to FactSet. This story is developing and will be updated.
Warner Bros. Discovery CEO David Zaslav said Wednesday that the regulatory review of Warner’s deal with Netflix has begun, even as Paramount mounts a hostile takeover bid.
The US government has collected $1 billion in de minimis tariff revenue since rolling back the exemption on low-value packages this spring, according to new data that Customs and Border Protection shared exclusively with CNN.
Federal prosecutors have charged top executives at the subprime auto lender Tricolor with conspiring to defraud lenders and investors of the now-bankrupt company.
Warner Bros. Discovery has officially rejected Paramount’s hostile takeover bid, advising its shareholders to do the same. But the battle is far from over. Let’s break down what just happened and what to expect next.
California is threatening to ban sales of Tesla cars in the state for 30 days after a regulator said the term “Autopilot” for its driver assist feature constitutes false advertising.
Warner Bros. Discovery is officially rejecting Paramount’s buyout offer, calling it “illusory” and arguing that the existing plan to sell most of the media company to Netflix is a better deal for shareholders.
Tech historians may look back on 2025 as a kind of trough in consumer robotics.
The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of some of the key ones before preparing your 2025 tax return.
President Donald Trump promised voters in 2024 that if they returned him to the White House, his policies would deliver a blue-collar jobs boom.
Up until this year, it was unheard of for a sitting American president to sue a news outlet. In just a few months, President Donald Trump has managed to make it seem normal.
Plans to ban the sale of new combustion engine cars in the European Union by 2035 have been thrown into turmoil after pressure from car manufacturers.
Merriam-Webster is the latest in a string of dictionaries to choose words of the year based on our relationship with technology and artificial intelligence.
Economists are expecting to learn on Tuesday that the US labor market slowed last month, adding just 40,000 jobs.