ABC Business

What to know about Trump Mobile, the Trump Organization’s new phone plan

Friday, July 4 by ABC News

(NEW YORK) -- The Trump Organization on Monday announced a mobile phone service and a Trump-branded smartphone, extending the family real estate company into the vast U.S. telecom market.The announcement arrives exactly 10 years after the launch of President Donald Trump's first presidential campaign,... Read More.

Oil prices surge and stocks slump after Israel attack on Iran

Friday, July 4 by ABC News

(NEW YORK) -- Oil prices surged and stocks slumped on Friday morning in the immediate hours after Israel began an attack on Iran targeting nuclear sites and senior military officers.The strike stoked concern among investors about a possible wider conflict across the Middle East,... Read More.

Gas prices near lowest level in 4 years ahead of Fourth of July

Thursday, July 3 by ABC News

(NEW YORK) -- Gas prices are hovering near their lowest summer level in four years as millions of people ready themselves to hit the roads over the Fourth of July holiday weekend.The national average for a gallon of gas on Thursday stood at... Read More.

Hiring surged in June, defying concern about Trumps tariffs

Thursday, July 3 by ABC News

(NEW YORK) -- Hiring surged in June as businesses navigated uncertainty surrounding President Donald Trump's tariffs, federal government data on Thursday showed. The reading exceeded economists' expectations.The U.S. added 147,000 jobs in June, according to data from the U.S. Bureau of Labor Statistics. That... Read More.

US dollar is off to its worst start in 50 years. Heres why that matters for you.

Wednesday, July 2 by ABC News

(NEW YORK) -- The United States dollar is suffering its worst start to a year in more than five decades, likely triggering a price hike for some everyday items and a jump in expenses faced by travelers abroad, some analysts told ABC News.The greenback... Read More.

Fed Chair Powell says he wont rule out interest rate cut this month

Tuesday, July 1 by ABC News

(WASHINGTON) -- Federal Reserve Chair Jerome Powell said on Tuesday he would not rule out a potential interest rate cut as soon as this month. The remarks come amid a public pressure campaign from President Donald Trump, who has repeatedly urged Powell to slash... Read More.

Court approves sale of 23andMe to nonprofit led by former CEO Anne Wojcicki

Tuesday, July 1 by ABC News

(NEW YORK) -- A bankruptcy court this week approved the $305 million sale of genetics testing firm 23andMe to a nonprofit organization led by the company's former CEO Anne Wojcicki, the company announced.The 23andMe bankruptcy earlier this year elicited fears about the security of... Read More.

S&P 500 hits record high as stock market surges

Friday, June 27 by ABC News

(NEW YORK) -- The S&P 500 hit an all-time record high on Friday, extending breakneck gains achieved in recent weeks as investors shrugged off concerns about newly imposed tariffs and war in the Middle East.The S&P 500 climbed 0.3%, clocking in for the first... Read More.

The stock market is surging. Will it last?

Wednesday, June 25 by ABC News

(NEW YORK) -- The stock market has been on a tear in recent weeks, shrugging off newly imposed tariffs, caution at the Federal Reserve and war in the Middle East.The S&P 500 has soared 20% since an April low suffered after President Donald Trump’s... Read More.

2 million student loan borrowers at risk of garnished wages in July

Tuesday, June 24 by ABC News

(NEW YORK) -- Nearly two million student loan borrowers are at risk of having their wages garnished next month, credit-reporting agency TransUnion said on Tuesday.Fresh data shows a sharp increase in the number of delinquent student loan borrowers in recent months, following the end... Read More.