Category Archives: Business News – ABC Audio
Gold prices hit a record high as economic uncertainty looms
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 ...
Sep 02, 2025
What does the closure of the de minimis loophole mean for shoppers?
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 se...
Aug 29, 2025
Fed Governor Lisa Cook sues Trump over attempted ouster
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 policymake...
Aug 28, 2025
Chip giant Nvidia beats revenue expectations, defying fears of AI 'bubble'
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...
Aug 27, 2025
Consumer confidence worsened slightly in August
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...
Aug 26, 2025
Elon Musk's xAI sues Apple, OpenAI over alleged scheme to dominate AI
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 co...
Aug 26, 2025
US and EU release details for tariffs on cars, pharmaceuticals
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 YO...
Aug 21, 2025
Target CEO to step down as sales remain sluggish
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 the $107 ...
Aug 20, 2025
Consumer sentiment worsened in August amid sweeping new tariffs
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 ta...
Aug 15, 2025
These jobs are hiring, despite a weak job market
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 ad...
Aug 13, 2025
