Month: September 2026

By Elisabeth Buchwald, CNN (CNN) — Here we go again: President Donald Trump’s sweeping global tariffs are back under the legal microscope. On Wednesday, a three-judge panel at the US Court of International Trade is set to hear arguments in a case that could determine whether the president can use a 1970s trade law to

By Samantha Delouya, CNN (CNN) — Billionaire hedge fund manager Ken Griffin is doubling down on Miami, announcing on Wednesday a $3 billion donation to help fund a new campus for Carnegie Mellon University in the city. The staggering amount is the largest-ever gift by an individual in higher education, surpassing Michael Bloomberg’s $1.8 billion

By Marshall Cohen, CNN New York (CNN) — Prediction site Polymarket rolled out new consumer protections and anti-addiction measures Wednesday, as a growing number of policymakers call for more regulation of the booming industry. Prediction sites have exploded in popularity this year, with billions of dollars wagered on everything from sports to elections, entertainment and

By Elisabeth Buchwald, CNN (CNN) — Despite skyrocketing gas prices, the US economy was remarkably resilient this spring. Gross domestic product grew at a 2.2% inflation-adjusted annualized pace in the second quarter, a sharper rebound than the 1.5% rate previously estimated as stronger consumer spending and business investment helped power growth. Economists were expecting the

By Alicia Wallace, CNN (CNN) — An annual update to federal data shows that prices haven’t been rising as fast as previously thought; however, inflation remained stubbornly elevated in August as a war-driven energy shock continued to ripple through the US economy and Americans’ pocketbooks. The Personal Consumption Expenditures price index – the Federal Reserve’s