Matt Egan

2 weeks ago | rnz.co.nz | John Towfighi |David Goldman |Matt Egan

By John Towfighi, David Goldman and Matt Egan, CNNWhat was a massive rally on Wall Street turned into yet another sizeable decline. Cheap stocks and hope for signs of trade negotiation sent markets surging Tuesday morning US time - but that relief rally evaporated as the White House said it would levy enormous tariffs on China. US stocks tumbled solidly into the red in the afternoon. The Dow fell 320 points, or 0.84 percent. The broader S&P 500 fell 1.57 percent.

3 weeks ago | wpsdlocal6.com | Matt Egan

New York (CNN) — President Donald Trump’s promised tariffs are a day away – and they’ll go into effect sooner than some had expected. As in, immediately, the White House said Tuesday. Although many details remain unknown, perhaps even to Trump himself, the administration’s “Liberation Day” trade policy announcement is expected to be the most aggressive tariff move yet by the most tariff-obsessed president in modern history.

1 month ago | rnz.co.nz | Matt Egan

By Matt Egan, CNNGoogle has announced a deal to buy rapidly growing cybersecurity firm Wiz for $32 billion (NZ$55b). It would be the tech giant's biggest-ever acquisition. The all-cash takeover of privately held Wiz represents a big bet by Google on cloud security and cybersecurity in this period of explosive growth for artificial intelligence.

1 month ago | rnz.co.nz | Matt Egan

By Matt Egan, CNNAnalysis: It started with tariffs, but the trade war is quickly escalating beyond import taxes into a broader tit-for-tat battle. President Donald Trump's 25 percent tariffs on Canada offended leaders there to the point that Ontario fired back by yanking American booze from store shelves. Ontario Premier Doug Ford even threatened to slap a surcharge on or even pull the plug on electricity sent to three US states, raising the spectre of power bill spikes or even blackouts.

1 month ago | wpsdlocal6.com | Matt Egan

New York (CNN) — The Consumer Financial Protection Bureau (CFPB) abruptly dropped cases on Thursday against multiple companies that had previously been accused of hurting consumers. Court filings indicate that the consumer watchdog has decided to dismiss lawsuits previously filed against Capital One, Rocket Homes, a unit of Warren Buffett’s Berkshire Hathaway and a student loan servicer.