ABC Business News

Photo by Chip Somodevilla/Getty Images (NEW YORK) — Tesla’s profits fell 71% over the first three months of this year, a company earnings release on Tuesday showed. The company’s performance fell short of analysts’ expectations. [Read More…]

Smith Collection/Gado/Getty Images (WASHINGTON) — Worldwide protests against Tesla CEO Elon Musk over his role in the Trump administration have coincided with a sales slump and stock woes at the electric carmaker. Little will be [Read More…]

(WASHINGTON) — Some 5 million Americans with defaulted student loan payments will have their loans sent for collections on May 5, the Department of Education announced on Monday. Next month, for the first time since [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — U.S. stocks tumbled in early trading on Monday as President Donald Trump escalated his criticism of the Federal Reserve, urging the central bank to immediately lower interest rates and questioning the policy approach [Read More…]

(97/Getty Images) (NEW YORK) — President Donald Trump this month slapped tariffs on most products that enter the United States. Economists widely expect the policy to raise prices for U.S. shoppers as importers pass along [Read More…]

Hyundai vehicles on display at the New York International Auto Show on April 16, 2025 in New York City. (Photo by Adam Gray/Getty Images) (NEW YORK) — This weekend, consumers and auto enthusiasts will poke, [Read More…]

Matthias Balk/picture alliance via Getty Images (NEW YORK) — Alphabet’s Google illegally dominated two markets for online advertising technology, according to a federal judge. Judge Leonie Brinkema of the U.S. District Court for the Eastern District of [Read More…]

ABC News (WASHINGTON) — President Donald Trump on Thursday sharply criticized Federal Reserve Chair Jerome Powell, urging the central bank to lower interest rates and saying Powell’s “termination cannot come soon enough.” It was not [Read More…]

Win McNamee/Getty Images  (WASHINGTON) — Election denier and MyPillow CEO Mike Lindell continues to refuse to pay more than $50,000 in sanctions he has been ordered to pay to voting software company Smartmatic over “frivolous” [Read More…]

Win McNamee/Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell said Wednesday that he expects President Donald Trump’s tariffs policy to cause higher inflation and slower economic growth, complicating potential central bank efforts to ease [Read More…]

manusapon kasosod/Getty (NEW YORK) — U.S. stocks closed down slightly on Tuesday as investors weathered ongoing uncertainty about President Donald Trump’s tariff plans. The Dow Jones Industrial Average ticked down 156 points, or 0.3%, at [Read More…]

manusapon kasosod/Getty (NEW YORK) — U.S. stocks were little changed in early trading on Tuesday, a day after President Donald Trump signaled a willingness to ease some tariffs but also impose new ones. The Dow [Read More…]

Andrew Harnik/Getty Images (WASHINGTON) — Lawyers for Meta told a federal judge on Monday that the social media company founded by billionaire Mark Zuckerberg is not a monopoly, countering a landmark lawsuit brought against it [Read More…]

manusapon kasosod/Getty (NEW YORK) — Major stock markets in Asia and Europe rose in Monday trading following the U.S. announcement that key consumer electronics would be temporarily exempted from President Donald Trump’s reciprocal tariffs. Hong [Read More…]

Michael M. Santiago/Getty Images (NEW YORK) — U.S. stocks climbed on Friday, shrugging off new Chinese tariffs on American goods that intensified a trade war between the two largest economies in the world. The Dow Jones Industrial Average jumped [Read More…]

Marcus Wells, a barista at Float Coffee in Hollywood, Calif., speaks, April 8, 2025, about the impact the global tariff war will have on his business. KABC (NEW YORK) — Americans’ love affair with coffee [Read More…]

Michael M. Santiago/Getty Images (NEW YORK) — U.S. stocks seesawed between gains and losses in early trading on Friday as new Chinese tariffs on American goods intensified a trade war between the two largest economies [Read More…]

Anna Moneymaker/Getty Images (WASHINGTON) — President Donald Trump’s decision to pause so-called “reciprocal tariffs” for most countries triggered a historic stock market rally on Wednesday, but the levies that remain in place are still expected [Read More…]

Kinga Krzeminska/Getty Images (NEW YORK) — Consumer prices rose 2.4% in March compared to a year ago, marking a cooldown during a period that preceded the recession warnings and market turmoil following President Donald Trump’s [Read More…]

CFOTO/Future Publishing via Getty Images (NEW YORK) — U.S. stocks surged on Wednesday after President Donald Trump announced a 90-day pause in some tariffs. The Dow Jones Industrial Average climbed 2,370 points, or 6.3%, while [Read More…]