Category Archives: Business News – ABC Audio
Fed Chair Powell says he expects Trump's tariffs will hike inflation and slow growth
Tom Williams/CQ-Roll Call, Inc via Getty Images(WASHINGTON) -- Federal Reserve Chair Jerome Powell said Friday he expects President Donald Trump's tariff policy will hike prices and slow eco...
Apr 04, 2025
Jobs report set to offer gauge of economic health amid Trump's tariffs
(SimpleImages/Getty Images)(NEW YORK) -- Hiring data to be released on Friday will offer a gauge of the nation's economic health, just a day after President Donald Trump's sweeping new tariffs trigger...
Apr 04, 2025
Dow closes down 2,200 points, Nasdaq enters bear market amid tariff fallout
(lvcandy/Getty Images)(NEW YORK) -- U.S. stocks closed down significantly on Friday after a continued selloff amid fallout from President Donald Trump's "Liberation Day" tariffs.The Dow Jones Ind...
Apr 04, 2025
Kentucky Bourbon industry caught in middle of global tariff war
Bryan Woolston/Getty Images(NEW YORK) -- The Kentucky bourbon industry said it is reeling from retaliatory actions taken by Canada and the European Union in response to President Donald Trump's trade ...
Apr 03, 2025
US stocks suffer major losses in 1st trading session after Trump's tariffs announcement
Spencer Platt/Getty Images(NEW YORK) -- U.S. stocks suffered major losses on Thursday at close of the first trading session after President Donald Trump's sweeping tariffs announcement.The Dow Jones I...
Apr 03, 2025
Amazon joins bidding war for TikTok as deadline for sale approaches: Sources
(Karl Tapales/Getty Imag)(NEW YORK) -- With the clock ticking on TikTok's deadline to sell or face a ban in the U.S., the battle to buy the app has intensified.Amazon has now sent a letter to the Trum...
Apr 03, 2025
Tesla deliveries drop 13% amid backlash against CEO Elon Musk
Artur Widak/NurPhoto via Getty Images(NEW YORK) -- Deliveries of Elon Musk's Tesla vehicles dropped about 13% compared to a year ago, according to a new release from the company. The decline...
Apr 02, 2025
World leaders blast Trump tariffs as markets slump
Michael M. Santiago/Getty Images(NEW YORK) -- Foreign stock markets tumbled on Thursday morning following President Donald Trump's announcement of a raft of tariffs on America's trade partners -- incl...
Apr 02, 2025
Canada vows retaliatory tariffs if Trump escalates trade war: 'We will respond'
Spencer Platt/Getty Images(NEW YORK) -- Canada vowed to respond with retaliatory tariffs if President Donald Trump slaps additional levies on Canadian goods as part of an expected announcement of swee...
Apr 01, 2025
Stocks slide as Trump's 'Liberation Day' tariffs loom
Spencer Platt/Getty Images(NEW YORK) -- Stocks fell on Monday ahead of the expected introduction of President Donald Trump's sweeping tariffs on Wednesday, measures the president said will impact "all...
Mar 31, 2025
