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ABC Business News
Nvidia revenue soars 106%, beats expectations as AI chips stay in high demand
Nvidia’s logo is displayed at their headquarters on Aug. 26, 2026, in Santa Clara, California. (Benjamin Fanjoy/Getty Images) (NEW YORK) — Nvidia surpassed Wall Street expectations for revenue over a recent three-month period, the company [Read More…]
Trump’s proposed tariffs on Canada hurtle toward deadline amid trade talks
Donald Trump speaks with guests during an event announcing the expansion of a foster care initiative in the Rose Garden of the White House on August 20, 2026 in Washington, DC. Finn Gomez/Getty Images (WASHINGTON) [Read More…]
Trump-linked crypto venture World Liberty Trust granted bank status in unprecedented move for president
The NASDAQ display in Times Square is seen as the $1.5B partnership between World Liberty Financial (WLFI) and ALT5 Sigma is marked with with the ringing of the NASDAQ opening bell by Eric Trump, the [Read More…]
Jobs report shows US unexpectedly lost jobs in July
Federal Reserve Chair Kevin Warsh speaks during a news conference at Federal Reserve Headquarters on July 29, 2026, in Washington, D.C. (Win McNamee/Getty Images) (WASHINGTON) — The U.S. economy unexpectedly lost jobs in July, demonstrating [Read More…]
Inflation fell more than expected in June as gas prices eased
A shopper browses near ‘Sale’ signs in the meats section of a grocery store on July 7, 2026 in Pasadena, California. (Mario Tama/Getty Images) (NEW YORK) — Inflation dropped more than expected in June as [Read More…]
Oil prices climb and stocks fall after Trump says he thinks Iran agreement ‘over’
Shot of oil pumps (Olga Rolenko/Getty Images) (NEW YORK) — Oil prices climbed and stocks tumbled in early trading on Wednesday after President Donald Trump said he believes an agreement with Iran is “over” amid [Read More…]
Do heat waves damage the economy? Experts explain
Melting street thermometer against bright summer sun.High temperature.Summer heat. (Dmitriy83/Getty Images) (NEW YORK) — A heat wave blanketed a vast swathe of the United States over the 4th of July weekend, threatening the health of [Read More…]
SpaceX joins the Nasdaq 100, clearing way for potential investment influx. Here’s what to know
SpaceX founder and CEO Elon Musk speaks via video at the Nasdaq Marketsite in Times Square during the launch of the SpaceX initial public offering (IPO) on the Nasdaq on June 12, 2026, in New [Read More…]
Microsoft is laying off 4,800 workers: ‘AI is changing how work gets done’
A logo sits outside the Microsoft pavilion during the second day of the Mobile World Congress 2015 at the Fira Gran Via complex on March 3, 2015 in Barcelona, Spain. (David Ramos/Getty Images) (NEW YORK) [Read More…]
Mortgage rates fall to lowest level since May
Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port June 22, 2026, in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region’s oil and gas. (Elke Scholiers/Getty Images) [Read More…]
Hiring worse than expected in June amid elevated inflation
HR recruitment manager holding resume in hands while having an interview in a modern office. (Xavier Lorenzo/Getty Images) (NEW YORK) — Hiring slowed markedly in June, falling short of economists’ expectations and displaying a wobbly [Read More…]
What to know about the Social Security fix proposed by Sens. Elizabeth Warren and Bernie Moreno
Ranking member Sen. Elizabeth Warren (D-MA) delivers an opening statement during the Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing for Kevin Warsh, U.S. President Donald Trump’s nominee for Chair of the Federal [Read More…]
‘Revolution’: Fed Chair Kevin Warsh says US likely ‘big winner’ in AI race
Businessman typing on laptop computer keyboard at desk in office. (tadamichi/Getty Images) (NEW YORK) — Federal Reserve Chair Kevin Warsh on Wednesday voiced optimism about artificial intelligence, describing the technology as a “paradigm shift” that [Read More…]
How Mamdani-aligned House candidates say they plan to fight wealth inequality
New York City Mayor Zohran Mamdani and NYC Congressional candidate Claire Valdez embrace during a primary-night watch party, June 23, 2026, in Brooklyn. (Michael M. Santiago/Getty Images) (NEW YORK) — A trio of progressive Democrats [Read More…]
Global oil prices fall to lowest level since before the Iran War
A cargo ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. (Majid Saeedi/Getty Images) (NEW YORK) — Global oil prices on Wednesday fell to their lowest level since [Read More…]
Alan Greenspan, longtime chairman of the Federal Reserve, dies at 100
In this June 27, 2016 file photo Alan Greenspan, former chairman of the Federal Reserve and president and founder of Greenspan Associates, speaks during a Bloomberg Television interview in Washington, D.C. (Andrew Harrer/Bloomberg via Getty [Read More…]
Fed set to make interest rate decision as inflation hits 3-year hig
Kevin Warsh, Chair of the Federal Reserve, on April 21, 2026 in Washington, DC. (Photo by Andrew Harnik/Getty Images)v (WASHINGTON) — The Federal Reserve is set to announce its latest decision on interest rates on [Read More…]
Oil prices fall to lowest level since March after US announces Iran deal
A pumpjack stands idle in the Huntington Beach oil field on April 23, 2026 in Huntington Beach, California. (Mario Tama/Getty Images) (NEW YORK) — Oil prices on Monday fell to their lowest level since March after [Read More…]
Consumer sentiment improves but stays near all-time low, survey shows
Fuel prices are displayed at a gas station on June 09, 2026 in Chicago, Illinois. (Scott Olson/Getty Images) (NEW YORK) — Consumer sentiment improved in June for the first time since the outbreak of the Iran [Read More…]
SpaceX IPO could make Elon Musk the first-ever trillionaire
Elon Musk is photographed at Space X in Brownsville, Texas, May 27, 2025. (Marvin Joseph/The Washington Post via Getty Images) (NEW YORK) — Elon Musk, the wealthiest person alive, could become the first-ever trillionaire when [Read More…]