ABC Business

Consumer confidence sours in June, despite rollback of Trumps tariffs

Tuesday, June 24 by ABC News

(NEW YORK) -- Consumer confidence soured in June, erasing some of the boost in shopper attitudes that took hold last month as President Donald Trump rolled back tariffs, Conference Board data on Tuesday showed. The reading fell short of economists' expectations.The fresh data resumes... Read More.

Aflac says cyberattack breach could expose personal data of customers

Friday, June 20 by ABC News

(NEW YORK) -- A group of cybercriminals hacked into data systems at insurance company Aflac, possibly gaining access to sensitive information such as Social Security numbers and health reports, the company said on Friday.Aflac, which boasts millions of customers, “identified suspicious activity” and “stopped... Read More.

What to know about the GENIUS Act, a crypto regulation bill

Wednesday, June 18 by ABC News

(NEW YORK) -- The Senate voted 68-30 late Tuesday to pass the GENIUS Act, a bill that aims to regulate some cryptocurrencies.The bill faced some Democratic opposition over President Donald Trump’s cryptocurrency ventures, but it ultimately garnered support from 18 Democrats, including Sens. Cory... Read More.

Stocks close higher, despite intensifying Israel-Iran conflict

Monday, June 16 by ABC News

(NEW YORK) -- Oil prices fell and stocks closed higher on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict.The Dow Jones Industrial Average closed up 317 points, or 0.7%, erasing much of the losses suffered on Friday... Read More.

What to know about Trump Mobile, the Trump Organizations new phone plan

Monday, June 16 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 fall and stocks rise, despite ongoing Israel-Iran conflict

Monday, June 16 by ABC News

(NEW YORK) -- Oil prices fell and stocks climbed in early trading on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict.The Dow Jones Industrial Average surged 415 points, or 1%, erasing much of the losses... Read More.

Oil prices surge and stocks slump after Israel attack on Iran

Friday, June 13 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.

Inflation ticked slightly higher in May amid Trump tariffs

Wednesday, June 11 by ABC News

(WASHINGTON) -- The U.S. Consumer Price Index released on Wednesday showed May inflation ticking slightly higher, rising 2.4%, in line with expectations.The report amounted to the latest test for President Donald Trump's tariffs as some retailers and economists warn the policy will raise prices.So... Read More.

Nintendo Switch 2 races to record sales, driven by Mario Kart Worlds blockbuster debut

Wednesday, June 11 by ABC News

(LONDON) -- The Nintendo Switch 2 is off to a turbo-charged start, thanks to a little help from Mario and his friends in Mario Kart World, smashing its own sales record by becoming the fastest selling Nintendo game system ever with more than 3.5... Read More.

Inflation expected to have ticked higher in May amid Trump tariffs

Wednesday, June 11 by ABC News

(WASHINGTON) -- A fresh inflation report to be released on Wednesday will provide the latest test for President Donald Trump's tariffs as some retailers and economists warn the policy will raise prices.So far, the economy has defied fears of price hikes, instead giving way... Read More.