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JUST IN: AMERICAN POPE ROBERT FRANCIS PREVOST HAS BEEN ANNOUNCED Nobody saw that coming. From 0 to 100 in an instant.

Elaine Chao, one of Trump’s longest serving Cabinet secretaries in his first term, on his broad tariffs this term: “I wish there was a better explanation of the grand plan.” “The tariffs are going to obviously result in increased prices to consumers.”

.Karoline Leavitt says POTUS is committed to keeping the "10% baseline tariff" on the UK & all other trading partners even after trade deals are fully ironed out

Annual US inflation slowed more than expected in April, a welcome sign at a time when Trump's tariff threats are stoking concern cnn.it/3RZBHTt

New Jersey Transit reaches tentative deal with engineers union that could end strike cnn.it/4kt5YWY

Treasury Department will phase out production of pennies and will soon stop putting new one-cent coins into circulation cnn.it/43x9wAF

The bulk of President Trump's tariffs have reached a standstill after a three-judge panel in a Manhattan court ruled to bring them to a halt cnn.it/4mBFHY5

In West Mifflin, PA, President Trump says he’s raising aluminum and steel tariffs to 50% from 25%.

US job openings unexpectedly increased in April, signaling strength in America's labor market despite broader economic uncertainty cnn.it/4dUCDTe

NEW: Wells Fargo is officially out of the penalty box with the Federal Reserve. The Fed just announced it has lifted the 2018 asset cap. $WFC

Caution sign: New jobless claims are ticking up. The numbers are still low, but there's an upward trend. This is key to watch. The main reason the US economy has been so resilient is 159.5 million people are still employed and getting paychecks. If that goes down, a downward

President Trump tells CNN he's "not even thinking about" Musk and won't speak to him "for a while" cnn.it/45daJ2m

First on CNN: More than 12,000 Harvard alumni unite to support university legal challenge cnn.com/2025/06/09/us/…

Inflation rose less than expected in May, despite President Trump's massive tariff rollout cnn.it/4dVgi7P

Matt Egan has been promoted to Senior Reporter. Matt’s award-winning journalism is at the center of CNN’s business, economy, and financial markets coverage across all its platforms. Congrats, Matt Egan!

One of the biggest issues in America is our nation's desperate need for more housing -- especially for first-time buyers. We need 2 million+ new homes built a year to try to fix. The reality? We're on track for ~1.4 million. Blame tariffs Blame high mortgage rates Blame

“I think this is something that certainly has transformational potential and probably we’re in the very early stages of it,” Federal Reserve Chair Jerome Powell says on AI.

Cybercriminals have breached insurance giant Aflac, potentially stealing Social Security numbers and other customer information, the company says cnn.it/4e9nuxg