ABC Business

Consumer sentiment improved in July, despite Trump’s tariff threats

Friday, July 18 by ABC News

(NEW YORK) -- Consumer sentiment ticked higher in July, marking two consecutive months of improved shopper attitudes as businesses navigated President Donald Trump’s latest tariff threats targeting dozens of countries. The fresh reading matched economists’ expectations.The recent resurgence of consumer sentiment followed six... Read More.

Axiom private space mission could be glimpse of the future as ISS retirement looms

Wednesday, July 16 by ABC News

(WASHINGTON) -- Private spaceflight is transforming from joy rides for billionaires into a gateway for nations to establish their space presence, one expert says, as the latest Axiom Space mission returned to Earth on Tuesday.The mission marked a historic moment for India, Poland and... Read More.

Stocks mixed after Trump issues tariffs on EU, Mexico

Monday, July 14 by ABC News

(NEW YORK) -- Stocks were mixed in early trading on Monday after President Donald Trump over the weekend issued 30% tariffs on the European Union and Mexico, rekindling tensions with two of the largest U.S. trade partners and threatening to raise consumer prices.The Dow... Read More.

Trump announces 30% tariffs on European Union and Mexico

Saturday, July 12 by ABC News

(WASHINGTON) -- President Donald Trump has posted two letters on his social media platform announcing new tariffs on the European Union and Mexico that will take effect on Aug. 1.Trump will impose a 30% tariff on Mexico due to fentanyl crossing the border, he... Read More.

What to know about Trump’s new tariffs on Canada

Friday, July 11 by ABC News

(WASHINGTON) -- President Donald Trump ratcheted up tariffs on Canada late Thursday, stoking tensions with a top U.S. trade partner as the two sides try to hash out a trade agreement by the end of the month.The Dow Jones Industrial Average tumbled 250 points,... Read More.

Linda Yaccarino steps down from role as CEO of Musk-owned X

Wednesday, July 9 by ABC News

Artur Widak/NurPhoto via Getty Images(NEW YORK) -- Linda Yaccarino said she is stepping down from her role as CEO of X, the social media platform owned by Elon Musk.Yaccarino, who previously served as an advertising executive at NBCUniversal, took the helm of X two... Read More.

Dow closes down 420 points as Trump unveils new tariffs

Monday, July 7 by ABC News

Andrew Caballero-Reynolds/AFP via Getty Images(WASHINGTON) -- Stocks closed down significantly on Monday after President Donald Trump announced steep tariffs on seven countries and threatened to impose new levies on others.The Dow Jones Industrial Average closed down 422 points, or 0.9%, while the S&P 500 dropped 0.7%.... Read More.

What to know about Trump’s shifting tariff deadline

Monday, July 7 by ABC News

Chip Somodevilla/Getty Images(WASHINGTON) -- President Donald Trump on Monday will sign an executive order delaying steep levies on dozens of countries that were set to take effect on Wednesday, the White House said.Trump's so-called reciprocal tariffs will now take effect on Aug. 1, White... Read More.

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

Friday, July 4 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 Trump’s tariffs