ABC Business

About 3,200 Boeing jet and weapons workers begin strike

Monday, August 4 by ABC News

(ST. LOUIS) -- About 3,200 union members at Boeing facilities in Michigan and Illinois went on strike at midnight on Monday after rejecting an contract offer from the company, the union said.Local members of the International Association of Machinists and Aerospace Workers, who build... Read More.

ABC starts broadcasting with new affiliate in Miami

Monday, August 4 by ABC News

(MIAMI) -- ABC began broadcasting with a new local affiliate in Miami on Monday, just months after Disney Entertainment struck an agreement with Sunbeam Television Corporation.Under the deal established in March, ABC Miami will broadcast ABC’s national sports, news and entertainment programming over-the-air on... Read More.

Hiring slowed in July as Trump’s tariffs fluctuated

Friday, August 1 by ABC News

(NEW YORK) -- Hiring slowed in July as President Donald Trump’s tariffs pinched the balance sheets of some major companies and reshaped the nation’s trade relationships. The reading fell short of economists' expectations.The U.S. added 73,000 jobs in July, according to data from the... Read More.

Stocks tumble after Trump unveils sweeping new tariffs

Friday, August 1 by ABC News

(NEW YORK) -- U.S. stocks tumbled in early trading on Friday, just hours after President Donald Trump signed an executive order slapping new tariffs on dozens of countries. A weak jobs report worsened investor jitters, revealing a slowdown of hiring over recent months as... Read More.

What to know about Trump’s trade feud with India

Thursday, July 31 by ABC News

(WASHINGTON) -- President Donald Trump on Thursday sharply criticized India over its trade policy, escalating a series of attacks as the White House readies to ratchet up tariffs on the country.The Trump administration plans to slap 25% tariffs on Indian products and impose additional... Read More.

Fed holds interest rates steady, defying Trump’s pressure

Wednesday, July 30 by ABC News

(WASHINGTON) -- The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to the central bank, calling for a rate cut.The central bank has defied Trump’s public criticism for months, adopting a wait-and-see approach as... Read More.

US economy grew more than expected as Trump’s tariffs took hold

Wednesday, July 30 by ABC News

(WASHINGTON) -- The U.S. economy expanded more than expected as President Donald Trump’s tariffs took hold over recent months, federal government data on Wednesday showed.U.S. gross domestic product, or GDP, increased at a 3% annualized rate over three months ending in June. The figure... Read More.

What’s in Trump’s trade agreement with the European Union?

Monday, July 28 by ABC News

(NEW YORK) -- President Donald Trump unveiled a trade agreement with the European Union on Sunday, making it the latest in a series of accords as the White House threatens to slap tariffs on dozens of countries this week.Prior to the agreement, the European... Read More.

Volkswagen suffers $1.5 billion loss from Trump’s tariffs

Friday, July 25 by ABC News

(NEW YORK) -- President Donald Trump’s tariffs cost German auto giant Volkswagen about $1.5 billion over the first half of 2025, the company said on Friday.Sales in North America plunged 16% due primarily to U.S. tariffs, said Volkswagen, which owns a host of brands... Read More.

Trump set to visit Federal Reserve, ratcheting up pressure on Chair Jerome Powell

Thursday, July 24 by ABC News

(WASHINGTON) -- President Donald Trump is set to visit the Federal Reserve on Thursday, ratcheting up pressure on the central bank after his repeated calls for lower interest rates.It marks the first official trip to the Fed taken by a sitting president in almost... Read More.