ABC Business News

Spencer Platt/Getty Images (NEW YORK) — Stocks tumbled in early trading on Friday after President Donald Trump threatened new tariffs targeting tech giant Apple and the European Union. The Dow Jones Industrial Average dropped 458 [Read More…]

VCG/VCG via Getty Images (NEW YORK) — Bitcoin surged to a record high on Thursday, vaulting more than 3% in early trading and hurtling past $110,000 for the first time. The price of bitcoin stood at [Read More…]

Photo by Jaque Silva/NurPhoto via Getty Images (NEW YORK) — Stocks closed down significantly on Wednesday as bond yields spiked amid deficit concerns centered on a tax cut measure under consideration in the U.S. House [Read More…]

Andrew Harnik/Getty Images (WASHINGTON) — If this past weekend in European politics is an indicator of anything, it’s that the “Trump effect” is real, and its reverberations are unpredictable. Three European Union countries held elections [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — Stocks slumped at the open of trading on Monday after a downgrade of U.S. credit triggered a spike in debt yields that threatened to raise borrowing costs throughout the [Read More…]

Anna Moneymaker/Getty Images (NEW YORK) — Consumer attitudes soured in May for the fourth consecutive month, even as President Donald Trump dialed back some tariffs. The reading came in below the level economists expected. Shopper sentiment now [Read More…]

Spencer Platt/Getty Images (NEW YORK) — Inflation cooled in the aftermath of President Donald Trump’s “Liberation Day” levies last month, dropping to a four-year low and defying fears of tariff-driven price hikes, government data this [Read More…]

Tom Williams/CQ-Roll Call, Inc via Getty Images (WASHINGTON) — The race to win tickets to an exclusive crypto dinner gala with President Donald Trump at his private golf club in Virginia on May 22 ended [Read More…]

Yevgen Romanenko via Getty Images (WASHINGTON) — This week’s inflation report will offer a first look at how President Donald Trump’s “Liberation Day” tariff announcement has impacted pricing across the United States. Trump’s tariff escalation, [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — U.S. stocks soared at the open of trading on Monday, just hours after the U.S. and China announced an agreement to slash tariffs for 90 days as the world’s [Read More…]

(Thana Prasongsin/Getty Images) (NEW YORK) — A carousel ride and 12 flavors of fudge await shoppers at LARK Toys, a family-owned toy shop outside Minneapolis, Minnesota. The glee on offer belies the stress behind the [Read More…]

Peter Kramer/NBC via Getty Images (WASHINGTON) — President Donald Trump on Friday voiced a willingness to ease tariffs on China, saying on social media it “seems right” to slash levies from 145% to 80%. The [Read More…]

ABC News Mortgage rates have dropped over the early months of 2025, offering homebuyers an opportunity for some borrowing relief if they move ahead with the big-ticket purchase. The housing market remains sluggish and wider [Read More…]

Bryan Woolston/Getty Images (FRANKFORT, KY) — Kentucky’s bourbon industry faces potential devastation as President Donald Trump’s latest tariff dispute with Canada threatens to halt $43 million in annual whiskey exports. During Tuesday’s Oval Office meeting [Read More…]

Vincent Alban/Getty Images (WASHINGTON) — The Federal Reserve on Wednesday is set to announce its first decision on the level of interest rates since President Donald Trump last month intensified calls for lower borrowing costs [Read More…]

Tasos Katopodis/Getty Images (WASHINGTON) — President Donald Trump late Sunday proposed a 100% tariff on foreign-made films, saying the policy would counteract financial incentives that have drawn Hollywood productions overseas. “WE WANT MOVIES MADE IN [Read More…]

“We’re seeing lots of customer demand for the M5 Touring,” said Juliana Ochs, a manager of business development for BMW Luxury Class and M. Image via BMW. (NEW YORK) — Think your giant sport-utility vehicle [Read More…]

ayk7/Getty Images (NEW YORK) — President Donald Trump’s administration is set to begin collecting defaulted student loan payments next week — which could harm the credit scores of millions of borrowers. Roughly 5 million borrowers [Read More…]

Narisara Nami/Getty Images (NEW YORK) — Hiring slowed but remained robust in April following President Donald Trump’s “Liberation Day” tariff announcement early last month, fresh data on Friday showed. The reading exceeded economists’ expectations. The [Read More…]

Spencer Platt/Getty Images (WASHINGTON) — Government data to be released on Wednesday is expected to show a sharp economic slowdown over the initial months of President Donald Trump’s second term as a flurry of tariff [Read More…]