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ABC Business News
Could the standoff in the Strait of Hormuz trigger a global recession? Economists weigh in
Ships are anchored along the shoreline of the Persian Gulf and Strait of Hormuz, April 22, 2026 in Bandar Abbas, Iran. (Getty Images) (NEW YORK) — Thousands of canceled flights in Europe over a spike [Read More…]
Warner Bros. Discovery shareholders approve Paramount takeover
David Zaslav, CEO & President, Warner Bros. Discovery at TCL Chinese Theatre on April 07, 2026 in Hollywood, California. (Monica Schipper/Getty Images) (NEW YORK) — Warner Bros. Discovery shareholders on Thursday voted to approve the [Read More…]
Trump’s Federal Reserve chair nominee Kevin Warsh testifies before Congress amid Powell probe
Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings on Friday, April 25, 2025. (Tierney L. Cross/Bloomberg via Getty Images) (WASHINGTON) — President Donald [Read More…]
Trump’s Federal Reserve chair nominee Kevin Warsh to testify before Congress amid Powell probe
Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings on Friday, April 25, 2025. (Tierney L. Cross/Bloomberg via Getty Images) (WASHINGTON) — President Donald [Read More…]
Stocks close lower and oil prices rise as US-Iran ceasefire uncertain before deadline
Stock Market Wall Street (Matteo Colombo/Getty Images) (NEW YORK) — Stocks closed slightly lower and oil prices rose on Monday as tensions mounted in the Strait of Hormuz, putting pressure on the ceasefire between the U.S and [Read More…]
Stocks tumble and oil prices rise as US-Iran ceasefire uncertain before deadline
Stock Market Wall Street (Matteo Colombo/Getty Images) (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 [Read More…]
Stocks surge and oil prices plunge after Iran says Strait of Hormuz ‘completely open’ during Israel-Lebanon ceasefire
: Traders work on the floor of the New York Stock Exchange during morning trading on April 17, 2026 in New York City. (Photo by Michael M. Santiago/Getty Images) (NEW YORK) — Stocks surged and [Read More…]
What does the US blockade of Iran shipping mean for gas prices?
Close-up of Chevron sign at a gas station, showing California gas prices, in Walnut Creek, California, April 8, 2025. (Photo by Smith Collection/Gado/Getty Images) (NEW YORK) — The United States continued to mount a naval [Read More…]
Live Nation illegally monopolized the market for tickets, jury finds
Live Nation logo. (Photo by Jonathan Raa/NurPhoto via Getty Images) (NEW YORK) — Live Nation illegally monopolized the market for tickets, protecting its position through pressure and leverage, jurors in Manhattan federal court found Wednesday. [Read More…]
S&P 500 hits record high as US-Iran ceasefire enters second week
Traders work on the floor of the New York Stock Exchange. (Michael M. Santiago/Getty Images) (NEW YORK) — The S&P 500 hit a record high on Wednesday as the ceasefire between the U.S. and Iran [Read More…]
Prices surged in March after oil shock set off by Iran war
A view of the vessels passing through the Strait of Hormuz following the two-week temporary ceasefire reached between the United States and Iran on the condition that the strait be reopened, seen in Oman, April [Read More…]
Dow closes up more than 1,300 points after US-Iran ceasefire
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026. Signs of last-ditch efforts to secure a truce in the war that has [Read More…]
Stocks soar and oil prices plunge after US-Iran ceasefire
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026. Signs of last-ditch efforts to secure a truce in the war that has [Read More…]
Jobs report shows strong hiring in March, exceeding economists’ expectations
Job interview (Narisara Nami/Getty Images) (NEW YORK) — The U.S. recorded strong job gains in March, rebounding from dismal losses a month earlier, a jobs report on Friday showed. The reading far exceeded economists’ expectations. [Read More…]
Jobs report shows strong hiring in March, despite oil shock set off by Iran war
Job interview (Narisara Nami/Getty Images) (NEW YORK) — The U.S. recorded strong job gains in March, rebounding from dismal losses a month earlier, even as the nation weathered a global oil shock set off by [Read More…]
Stocks close mixed after Trump vows to hit Iran ‘extremely hard’ in coming weeks
Traders work on the floor of the New York Stock Exchange, March 31, 2026 in New York City. (Spencer Platt/Getty Images) (NEW YORK) — Stocks closed mixed in volatile trading on Thursday after President Donald [Read More…]
Trump slaps 100% tariff on some pharmaceutical drugs via executive order
President Donald Trump answers questions after signing an executive order to limit mail-in voting in the Oval Office of the White House, March 31, 2026, in Washington. (Alex Wong/Getty Images) (WASHINGTON) — President Donald Trump [Read More…]
Mortgage rates hit highest level since September as Iran war rattles financial markets
A ”For Sale” sign is outside a residential home in Oro Valley, Ariz., Dec.12, 2025. (Michael Yanow/NurPhoto via Getty Images) (NEW YORK) — Mortgage rates have climbed to their highest level since September as fallout [Read More…]
Stocks tick lower after Trump vows to hit Iran ‘extremely hard’ in coming weeks
Traders work on the floor of the New York Stock Exchange, March 31, 2026 in New York City. (Spencer Platt/Getty Images) (NEW YORK) — Stocks ticked lower in volatile trading on Thursday after President Donald [Read More…]
Dow soars over 950 points after Trump suggests US may end Iran war without reopening Strait of Hormuz
U.S. President Donald Trump speaks with members of the media onboard Air Force One on March 29, 2026. (Nathan Howard/Getty Images) (NEW YORK) — The Dow Jones Industrial Average soared more than 950 points on [Read More…]