Category Archives: Business News – ABC Audio
Trump's tariffs could increase home prices and mortgage rates, some experts say
Andrew Harnik/Getty Images(WASHINGTON) -- Housing prices are soaring twice as fast as overall inflation. The average rate on a 30-year mortgage topped 7% in January for the first time since last ...
Feb 05, 2025
Trump's tariffs threaten job losses, experts say. These may be the hardest hit
Logan Cyrus/Bloomberg via Getty Images(WASHINGTON) -- Autoworkers, farmers and alcohol distillers are among a set of U.S. workers who risk losing their jobs as a result of potential tariffs on Canada,...
Feb 04, 2025
Trump's tariffs send stock market falling
lvcandy/Getty Images(NEW YORK) -- The stock market fell on Monday amid uncertainty about the fate of tariffs imposed by President Donald Trump on Canada, Mexico and China over the weekend.Soon after a...
Feb 03, 2025
These prices could climb within days if Trump slaps tariffs on Canada and Mexico
(Westend61/Getty Images)(WASHINGTON) -- Tariffs on goods from Mexico and Canada that are set to take effect could hike the price of a gallon of gasoline for some drivers by as much as 70 cents and sen...
Jan 31, 2025
Fed holds interest rates steady, defying pressure from Trump
Al Drago/Bloomberg via Getty Images(WASHINGTON) -- The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump called on the central bank to lower them.The anno...
Jan 29, 2025
Fed expected to hold interest rates steady, defying pressure from Trump
Chip Somodevilla/Getty Images(WASHINGTON) -- The Federal Reserve on Wednesday will announce its latest decision setting the level of interest rates, just days after President Donald Trump called on th...
Jan 29, 2025
Nvidia, Microsoft shares tumble as China-based AI app DeepSeek hammers tech giants
Nvidia CEO Jensen Huang/ Photo Credit: PATRICK T. FALLON/AFP via Getty Images(NEW YORK) -- The emergence of China-based AI app DeepSeek sent shares plummeting on Monday for many U.S. tech giants, incl...
Jan 27, 2025
These companies are sticking with DEI amid backlash
(Steve Heap/Getty Images)(NEW YORK) -- While some companies are steering away from diversity, equity, and inclusion (DEI) policies, others are sticking with their previous commitments.Leaders at Goldm...
Jan 23, 2025
Trump says he will 'demand' lower interest rates
Chip Somodevilla/Getty Images/Bloomberg via Getty Images(WASHINGTON) -- President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on ...
Jan 23, 2025
Netflix raises prices for all US plans. Here's what to know
Michael Tran/AFP via Getty Images(NEW YORK) -- Shares of Netflix soared 12% in early trading on Wednesday, just hours after the streaming giant announced price increases set to impact all of the compa...
Jan 22, 2025
