ABC Business

Trump admin tells prosecutors to ease up on crypto enforcement

Tuesday, April 8 by ABC News

(WASHINGTON) -- The Trump administration is pulling back its enforcement of crypto regulations, disbanding a unit dedicated to cryptocurrency enforcementThe Justice Department instructed federal prosecutors to "no longer target virtual currency exchanges, mixing and tumbling services, and offline wallets for the acts of their... Read More.

Black Monday to the COVID crash: Worst days in the history of the US stock market

Monday, April 7 by ABC News

(NEW YORK) -- As the world reels from tariffs instituted by the Trump administration, stock markets are widely in decline.On Friday, U.S. stock saw the worst decline since the COVID-19 pandemic began in 2020. But the declines last week did not rank among the... Read More.

US stocks plunge as tariffs rattle markets worldwide

Monday, April 7 by ABC News

(NEW YORK) -- U.S. stocks tumbled at opening on Monday as President Donald Trump's tariffs stoked fears of a wider global trade war and Wall Street firms sounded alarms about a possible recession. The sell-off hit U.S. firms hours after a historic rout in... Read More.

US stock futures slide amid historic rout in foreign markets

Monday, April 7 by ABC News

(HONG KONG) -- Key global stock markets tumbled upon opening on Monday as the world's reaction to President Donald Trump's tariffs campaign continued -- and as U.S. futures signaled more turmoil for American markets.In the U.S., Dow Jones futures were down about 1,200 points... Read More.

Why you shouldnt go into debt to beat the tariffs, experts say

Saturday, April 5 by ABC News

(NEW YORK) -- U.S. consumers are going on a tariff-induced shopping spree. From furniture, to appliances, to alcohol, Americans are rushing to buy before President Donald Trump's sweeping tariffs are felt at the checkout counter.Economists say the tariffs are expected to increase prices for... Read More.

Trump to delay TikTok ban as Walmart throws hat in the ring to buy the app

Friday, April 4 by ABC News

(NEW YORK) -- President Donald Trump on Friday said he is extending the deadline for TikTok to be banned or sold off by its Chinese-owned parent company, ByteDance.The previous April 5 deadline will be pushed 75 days, Trump said in a post to his... Read More.

Dow closes down 2,200 points, Nasdaq enters bear market amid tariff fallout

Friday, April 4 by ABC News

(NEW YORK) -- U.S. stocks closed down significantly on Friday after a continued selloff amid fallout from President Donald Trump's "Liberation Day" tariffs.The Dow Jones Industrial Average plummeted 2,230 points, or 5.5%, while the S&P 500 plunged 6%.The tech-heavy Nasdaq declined 5.8%. The decline... Read More.

Fed Chair Powell says he expects Trumps tariffs will hike inflation and slow growth

Friday, April 4 by ABC News

(WASHINGTON) -- Federal Reserve Chair Jerome Powell said Friday he expects President Donald Trump's tariff policy will hike prices and slow economic growth, while noting that key indicators "still show a solid economy."Policy changes implemented by the White House have contributed to a "highly uncertain... Read More.

US stocks slide amid escalating tariff fallout

Friday, April 4 by ABC News

(NEW YORK) -- U.S. stocks continued their plunge in early trading on Friday, just hours after China announced retaliatory tariffs in response to President Donald Trump's "Liberation Day" levies.The Dow Jones Industrial Average plummeted 1,400 points, or 3.5%, while the S&P 500 plunged 4%.... Read More.

US stock futures slump amid escalating tariff fallout

Friday, April 4 by ABC News

(NEW YORK) -- Stock markets continued their slide on Friday morning, as the shockwaves of President Donald Trump's "Liberation Day" tariffs continued to reverberate around the globe.U.S. stock futures slipped further, with Dow Jones futures plummeting nearly 1,100 points -- or 2.68% -- on... Read More.