ABC Business

Inflation report set to arrive amid stock slide, recession fears

Wednesday, March 12 by ABC News

(WASHINGTON) -- An inflation report to be released on Wednesday will provide a fresh gauge of economic performance under President Donald Trump as markets slide and recession fears swell in response to an escalating trade war.Economists expect the data to show that inflation eased... Read More.

US stocks drop amid fresh tariffs on Canada, recession fears

Tuesday, March 11 by ABC News

(NEW YORK) -- U.S. stocks dropped on Tuesday, extending losses suffered a day earlier amid a fresh round of tariffs on Canada and concern about a possible recession.The Dow Jones Industrial Average tumbled about 515 points, or 1.2%, while the S&P 500 fell 0.8%.... Read More.

Southwest Airlines revamps free baggage policy amid customer and loyalty shifts

Tuesday, March 11 by ABC News

(DALLAS) -- A shift is on the horizon at Southwest Airlines. The carrier known for its customer-friendly policies and affordable airfare announced changes to its baggage and fare structure in an effort to cater to a broader range of travelers.While the low-cost airline has... Read More.

As Tesla stock falls, some pension fund managers worry and critics rage

Tuesday, March 11 by ABC News

(NEW YORK) -- Since Elon Musk went to Washington, D.C., to slash the government alongside President Donald Trump, the stock of his electric car company Tesla has taken a significant hit, tumbling nearly 48% this year. During an interview this week, Musk addressed the... Read More.

US stock futures inch higher after selloff amid recession concerns

Tuesday, March 11 by ABC News

(NEW YORK) -- U.S. stock futures traded slightly higher on Tuesday, following Monday's major selloff as markets digested President Donald Trump's comments that there would be a "period of transition" as the economy adjusted to a global trade war.Dow futures traded up 156 points,... Read More.

Stocks slump after Trump declines to rule out recession

Monday, March 10 by ABC News

(NEW YORK) -- U.S. stocks dropped in early trading on Monday, suffering widespread losses a day after President Donald Trump declined to rule out the possibility of a recession.The Dow Jones Industrial Average fell 515 points, or 1.2%; while the S&P 500 declined 1.4%.... Read More.

$70,000 more a year for eggs: How price hikes are hurting small businesses

Saturday, March 8 by ABC News

(NEW YORK) -- For the last 130 years, four generations of Ernest Lepore's family have baked the pastries – cream puffs, cannoli, sfogliatelle – that have come to define Manhattan's Little Italy neighborhood, withstanding wars, economic downturns and drastic changes to the neighborhood that... Read More.

US hiring falls short of expectations in 1st full month of Trump term

Friday, March 7 by ABC News

(WASHINGTON) -- The U.S. added fewer jobs than economists expected in February, the first full month under President Donald Trump, according to government data released on Friday.Employers hired 151,000 workers last month, falling short of expectations of 170,000 jobs added. The unemployment rate ticked... Read More.

Fresh jobs report to offer snapshot of US economy under Trump

Friday, March 7 by ABC News

(WASHINGTON) -- A fresh jobs report to be released on Friday will offer a snapshot of U.S. economic performance over the first full month under President Donald Trump.Economists expect employers to have hired 170,000 workers in February. That figure would mark a slight uptick... Read More.

Trump pauses tariffs for some Mexican goods

Thursday, March 6 by ABC News

(NEW YORK) -- President Donald Trump on Thursday announced a one-month delay of tariffs on some products from Mexico.The temporary exemption will lift tariffs for all Mexican goods compliant with United States-Mexico-Canada Agreement, or USMCA, a free trade agreement.The announcement came after a conversation... Read More.