General Motors says it expects $500 million tariff refund after SCOTUS ruling

Tuesday, April 28 by ABC News

(NEW YORK) -- General Motors said on Monday it expects to receive $500 million in refunds from tariffs that were ruled illegal by the Supreme Court.The automaker is now boosting its full-year profit forecast by $500 million, GM CEO Mary Barra said in a... Read More.

Could the standoff in the Strait of Hormuz trigger a global recession? Economists weigh in

Saturday, April 25 by ABC News

(NEW YORK) -- Thousands of canceled flights in Europe over a spike in jet fuel prices. An energy emergency declaration in the Philippines. A two-week school holiday in Pakistan to conserve fuel used by commuters.The U.S.-Israeli war with Iran triggered dramatic steps in a... Read More.

Warner Bros. Discovery shareholders approve Paramount takeover

Thursday, April 23 by ABC News

(NEW YORK) -- Warner Bros. Discovery shareholders on Thursday voted to approve the Paramount Skydance takeover bid, completing a major step toward the $111 billion media mega-deal.The offer from Paramount encompasses the HBO Max streaming service, the Warner Bros. film production company, and cable... Read More.

Trump’s Federal Reserve chair nominee Kevin Warsh testifies before Congress amid Powell probe

Wednesday, April 22 by ABC News

(WASHINGTON) -- President Donald Trump's selection to chair the Federal Reserve, Kevin Warsh, testified in a Senate confirmation hearing on Tuesday as his nomination faces bipartisan opposition centered on a federal criminal investigation into the central bank's current leader.The probe into Fed... Read More.

Stocks tumble and oil prices rise as US-Iran ceasefire uncertain before deadline

Monday, April 20 by ABC News

(NEW YORK) -- Stocks dipped and oil prices rose in early trading on Monday as tensions mounted in the Strait of Hormuz, putting pressure on the ceasefire between the U.S and Iran a day before it's set to expire.The Dow Jones Industrial Average fell... Read More.

Stocks surge and oil prices plunge after Iran says Strait of Hormuz ‘completely open’ during Israel-Lebanon ceasefire

Friday, April 17 by ABC News

(NEW YORK) -- Stocks surged and oil prices plunged in early trading on Friday after a senior Iranian official declared the Strait of Hormuz "completely open" for commercial traffic for the duration of the 10-day ceasefire between Israel and Lebanon.The Dow Jones Industrial Average... Read More.

What does the US blockade of Iran shipping mean for gas prices?

Thursday, April 16 by ABC News

(NEW YORK) -- The United States continued to mount a naval blockade of Iranian ports in the Strait of Hormuz on Thursday, exerting financial pressure on Tehran while at the same time choking off a source of oil amid a historic global shortage.The move... Read More.

S&P 500 hits record high as US-Iran ceasefire enters second week

Wednesday, April 15 by ABC News

(NEW YORK) -- The S&P 500 hit a record high on Wednesday as the ceasefire between the U.S. and Iran entered its second week, appearing to boost hopes of a resolution to the Middle East conflict.The uptick in markets came hours after President Donald... Read More.

Live Nation illegally monopolized the market for tickets, jury finds

Wednesday, April 15 by ABC News

(NEW YORK) -- Live Nation illegally monopolized the market for tickets, protecting its position through pressure and leverage, jurors in Manhattan federal court found Wednesday.This is a developing story. Check back for updates.Copyright © 2026, ABC Audio. All rights reserved.

Prices surged in March after oil shock set off by Iran war

Friday, April 10 by ABC News

(NEW YORK) -- Inflation surged in March after an oil shock triggered by the U.S.-Israeli war with Iran, government data showed on Friday. The inflation report matched economists' expectations.Prices rose 3.3% in March compared to a year earlier, marking a steep rise from a... Read More.

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