ABC Business News

Ashley Cooper/Getty Images (WASHINGTON) — President Donald Trump is set to provide tariff relief for carmakers on Tuesday, just weeks after the onset of auto levies triggered warnings of price increases. An administration official confirmed [Read More…]

Chip Somodevilla/Getty Images (WASHINGTON) — Few of President Donald Trump’s first 100 days in his second term carried more fanfare than April 2, which Trump previewed for weeks under the moniker of “Liberation Day.” At [Read More…]

Brandon Bell/Getty Images (NEW YORK) — A new survey of consumers on Tuesday is expected to show attitudes worsened in April, casting further gloom over the economy as President Donald Trump’s tariffs set off warnings [Read More…]

Mario Tama/Getty Images (WASHINGTON) — A marketing email distributed this month by Trump Coins, a commemorative coin venture launched last year by President Donald Trump, attributes the soaring value of gold and other metals in [Read More…]

Image via Slate. (NEW YORK) — The country’s electric vehicle market has an affordability problem. Enter Slate, a new company backed by Amazon CEO Jeff Bezos and two investment funds. On Thursday, company executives unveiled [Read More…]

Spencer Platt/Getty Images) (NEW YORK) — U.S. stocks rallied in early trading on Wednesday, one day after President Donald Trump said tariffs on China would “come down substantially.” Trump also appeared to soften previous attacks [Read More…]

Karl-Josef Hildenbrand/picture alliance via Getty Images (NEW YORK) — Seniors lost $4.8 billion in 2024 to scammers, according to a report released Wednesday by the FBI. In total, people in the United States lost $16.6 [Read More…]

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…]