Skip to Content

Money

The end of cheap Shein and Temu hauls? How Trump’s tariffs could make those shipments more expensive

By Ramishah Maruf, CNN New York (CNN) — Americans love Shein, Temu and AliExpress for two reasons: low prices and fast shipping. Trump’s tariffs could change that. His tariff orders reversed a long-standing shipping loophole: the de minimis exemption. The rule allowed international exporters to ship packages worth less than $800 inspection- and duty-free into

Continue Reading

State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market

By Samantha Delouya, CNN (CNN) — State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation after destructive Los Angeles wildfires last month. In a letter to California’s Commissioner of Insurance, Ricardo Lara, State Farm said it

Continue Reading