Category Archives: Business News – ABC Audio
Google is monopolist in online advertising tech, judge rules
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 Br...
Apr 17, 2025
Trump says he's eager for Fed Chair Jerome Powell's 'termination'
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 “term...
Apr 17, 2025
'I'm in ruins,' teary Mike Lindell tells judge in Smartmatic sanctions hearing
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 comp...
Apr 17, 2025
Fed Chair Powell sounds alarm on tariffs, sending stocks lower
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,...
Apr 16, 2025
Meta claims it has 'no monopoly' as landmark antitrust trial gets underway
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 ...
Apr 15, 2025
US stocks close down slightly amid tariff uncertainty
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...
Apr 14, 2025
Baristas, chocolatiers caught in trade war cross fire
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 cof...
Apr 11, 2025
US stocks climb, shrugging off China trade war and consumer fears
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 larges...
Apr 11, 2025
Trump's tariffs still risk inflation and recession as China trade war looms, experts say
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 l...
Apr 10, 2025
Inflation cooled but egg prices soared in March, before Trump's tariff escalation
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 followi...
Apr 10, 2025
