ABC Business

Stocks slide as Trumps Liberation Day tariffs loom

Monday, March 31 by ABC News

(NEW YORK) -- Stocks fell on Monday ahead of the expected introduction of President Donald Trump's sweeping tariffs on Wednesday, measures the president said will impact "all countries."The Dow Jones Industrial Average ticked down 10 points, or 0.03%, while the S&P 500 declined 0.7%.... Read More.

Musk hands out $1M checks after efforts to block the giveaways in court are rejected

Monday, March 31 by ABC News

(MADISON, WI) -- Just hours after the state Supreme Court rejected Wisconsin Attorney General Josh Kaul's effort to block Elon Musk from handing out $1 million checks on Sunday night, the billionaire took the stage at a town hall in Green Bay and gave... Read More.

Markets jittery as Trumps Liberation Day tariffs loom

Monday, March 31 by ABC News

(NEW YORK) -- Foreign markets saw a wave of selloffs on Monday morning ahead of the expected introduction of President Donald Trump's sweeping tariffs on Wednesday, measures the president said will impact "all countries."Japan's Nikkei index fell more than 4% and South Korea's KOSPI... Read More.

Inflation held steady in February, according to Feds preferred gauge

Friday, March 28 by ABC News

(NEW YORK) -- Inflation held steady in February compared to a year ago, according to a release from the Federal Reserve's preferred gauge of price increases.The reading matched economists' expectations.Consumer prices climbed 2.5% in February compared to a year ago, registering at a level... Read More.

US stocks tick up in 1st trading since Trumps auto tariffs announced

Thursday, March 27 by ABC News

(NEW YORK) -- U.S. stocks ticked higher on Thursday in the first trading since President Donald Trump announced 25% auto tariffs.The tariffs have escalated a global trade war and prompted forecasts of higher car prices.The Dow Jones Industrial Average climbed 20 points, or 0.05%,... Read More.

What could tariffs on April 2 mean for prices and the economy?

Wednesday, March 26 by ABC News

(NEW YORK) -- President Donald Trump has vowed to issue a fresh round of tariffs on April 2, presenting it as an inflection point for the economy weeks after a previous set of duties roiled markets and incited recession fears.Trump has repeatedly referred to... Read More.

Republicans accuse NPR, PBS of bias at House hearing; Democrats rebuke it as a partisan attack

Wednesday, March 26 by ABC News

(WASHINGTON) -- Republicans accused public media outlets NPR and PBS of bias at a House subcommittee hearing on Wednesday, while Democrats defended the organizations and criticized the event as a distraction from the ongoing controversy regarding the Trump administration's use the Signal messaging app... Read More.

Mega Millions says new rules will more than double jackpot value

Wednesday, March 26 by ABC News

(NEW YORK) -- New Mega Millions rules will come into play next month, the company has announced, under which the minimum jackpot value will more than double to $50 million.The new rules will come into force after the final drawing of the current game... Read More.

It’s morally wrong: Construction industry advocates say accidents are being faked all over New York City

Wednesday, March 26 by ABC News

(NEW YORK) -- With more high-rise buildings than anywhere else in the U.S., New York City has long been a place where millions of people hope to achieve the American dream through careers in the construction industry.While scores of construction workers are spending hours... Read More.

Consumer attitudes worsen more than expected amid Trumps tariffs: Survey

Tuesday, March 25 by ABC News

(NEW YORK) -- Consumer attitudes worsened in March as President Donald Trump's tariffs set off a market rout and warnings of a possible recession, Conference Board survey data on Tuesday showed. Sentiment worsened more than economists expected.The fresh data on consumer sentiment arrives a... Read More.