ABC Business News

President Donald Trump speaks to Treasury Secretary Scott Bessent while watching the men’s singles finals U.S. Open, September 7, 2025 in New York City. (Kevin Dietsch/Getty Images) (NEW YORK) — Consumer prices rose 2.9% in [Read More…]

lvcandy/Getty Images (NEW YORK) — Wholesale prices unexpectedly dropped in August, clocking in lower than economists expected and defying concerns about a tariff-induced spike in costs suffered by suppliers. Producer prices fell 0.1% in August, rolling back [Read More…]

Marko Geber/Getty Images (NEW YORK) — U.S. employers added far fewer jobs in 2024 and early 2025 than previously thought, indicating the labor market may have been significantly weaker than initial estimates had suggested. The [Read More…]

Treasury Secretary Scott Bessent speaks alongside President Donald Trump during a press availability in the Oval Office of the White House, Sept. 5, 2025. (Kevin Dietsch/Getty Images) (NEW YORK) — Employers in nearly every industry [Read More…]

Narisara Nami/Getty Images (WASHINGTON) — Fresh jobs data on Friday showed a continued hiring slowdown in the first such release since a dismal jobs report last month prompted President Donald Trump to fire the top official tasked with compiling [Read More…]

A 500 gram gold bar is seen in a gold shop window on April 17, 2025 in Istanbul, Turkey. Chris McGrath/Getty Images (NEW YORK) — The price of gold topped $3,500 per ounce for the first time [Read More…]

Chip Somodevilla/Getty Images (WASHINGTON) — A tariff loophole for low-cost shipments helped fuel an explosion of U.S. consumers purchasing shoes, sunglasses and a host of other items directly from sellers overseas. The Trump administration closed [Read More…]

Drew Angerer/Getty Images (WASHINGTON) — Federal Reserve Governor Lisa Cook sued President Donald Trump on Thursday over his move to fire her, saying she should retain her position as a top policymaker at the central [Read More…]

Co-founder and chief executive officer of Nvidia Corp., Jensen Huang attends the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. [Read More…]

Co-founder and chief executive officer of Nvidia Corp., Jensen Huang attends the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. [Read More…]

Vegetables on display in a grocery store on August 15, 2025 in Delray Beach, Florida. Joe Raedle/Getty Images (NEW YORK) — Consumer confidence worsened slightly in August, erasing some gains from the previous month and resuming [Read More…]

Justin Sullivan/Getty Images (NEW YORK) — Elon Musk-owned xAI on Monday sued tech giants Apple and OpenAI over an alleged scheme to illegally dominate the artificial intelligence industry through a collaboration that equipped iPhones with [Read More…]

President of the European Commission Ursula von der Leyen meets with U.S. President Donald Trump at Trump Turnberry golf club on July 27, 2025 in Turnberry, Scotland. Andrew Harnik/Getty Images (NEW YORK) — The United [Read More…]

Target CEO Brian Cornell. The Walt Disney Company/Image Group LA via Getty Images (NEW YORK) — Target CEO Brian Cornell will step down early next year after more than a decade at the helm of [Read More…]

Kinga Krzeminska/Getty Images (NEW YORK) — Consumer sentiment worsened in August, snapping two consecutive months of improved attitudes among shoppers as President Donald Trump imposed sweeping new tariffs on nearly 70 countries. The fresh reading [Read More…]

Stock image of stethoscope. ATU Images/Getty Images (NEW YORK) — The labor market slowed sharply this summer, leaving job applicants with fewer places to turn for a new position. Employers added an average of about 35,000 jobs [Read More…]

Joe Raedle/Getty Images (WASHINGTON) — Consumer prices rose 2.7% in July compared to a year ago, clocking in lower than economists expected and holding steady from the previous month. The reading defied fears of further [Read More…]

Joe Raedle/Getty Images (WASHINGTON) — Policymakers and business leaders will closely watch the release of inflation data on Tuesday, marking the latest look at price increases as the economy risks a tariff-induced rise of inflation. [Read More…]

VCG/VCG via Getty Images (WASHINGTON) — AI chipmakers Nvidia and Advanced Micro Devices struck an extraordinary accord to pay the United States government 15% of the revenue the two companies are set to make from [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — Weak jobs data came out hours before President Donald Trump fired the head of labor statistics. A report on gross domestic product indicated a slowdown of growth over the [Read More…]