Business Archives - Page 2 of 10

Reopening government could avert recession, but risks remain, economists say

Tuesday, November 11

(WASHINGTON) -- The longest government shutdown in U.S. history could end as soon as Wednesday, ultimately putting hundreds of thousands of federal employees back to work, funding food stamps and smoothing out major travel disruptions.The reopening averts a recession that may have come to pass in the... Read More.

What to know about Trump’s promise of $2,000 tariff dividend payments

Monday, November 10

(NEW YORK) -- President Donald Trump over the weekend vowed to provide each American a $2,000 dividend to be distributed from what he said was tariff revenue."A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,”... Read More.

Stocks rise after Senate moves to end government shutdown

Monday, November 10

(NEW YORK) -- Stocks rose in early trading on Monday after the Senate voted hours earlier to advance a potential deal on the government shutdown, which has weighed on economic output and cast uncertainty over markets for well over a month.The Dow Jones Industrial Average jumped... Read More.

Elon Musk awarded nearly $1 trillion pay package by Tesla shareholders

Thursday, November 6

Tesla shareholders awarded CEO Elon Musk a pay package on Thursday that could grant the tech entrepreneur nearly $1 trillion in compensation over the next decade.The pay package would make Musk the best-compensated CEO ever recorded. According to a securities filing in September, Musk... Read More.

Travel chaos worsens amid government shutdown

Tuesday, November 4

(NEW YORK) -- Travelers with plans to fly amid the government shutdown are searching for refund policies related to flight delays or cancellations, as well as information on what resources are available to them if a booking is significantly impacted by the continued ripple... Read More.

Fed expected to cut interest rates, but less than Trump wants

Wednesday, October 29

(WASHINGTON) -- The Federal Reserve on Wednesday will set the level of its benchmark interest rate, adjusting a major policy lever for the first time since a government shutdown sharply restricted the release of gold-standard federal data about the economy.In a rare exception, the... Read More.

Amazon layoffs highlight impact of AI, some experts say: ‘Wake-up call’

Tuesday, October 28

(NEW YORK) -- Amazon is set to lay off thousands of corporate workers, despite billions in profits and lucrative lines of business spanning from e-commerce to cloud computing. The reason is artificial intelligence, the company said in a memo to employees on Tuesday."Some may... Read More.

Trump’s halt of US-Canada trade talks could impact these prices

Saturday, October 25

(NEW YORK) -- Prices for home appliances, cars and auto parts could be impacted by President Donald Trump’s decision overnight to end trade talks between the U.S. and Canada, some trade experts told ABC News.Trump said he's terminating trade negotiations with Canada in response... Read More.

Inflation climbs to highest level since January, beef prices soar

Friday, October 24

(NEW YORK) -- Consumer prices rose 3% in September compared to a year ago, extending a monthslong uptick that has sent inflation to its highest level since January, government data on Friday showed. The reading came in lower than economists' expectations.The fresh data marked... Read More.

What could supply chain snags in the auto industry mean for car buyers?

Thursday, October 23

(NEW YORK) -- Car buyers may face elevated prices and a shortage of some vehicles due to a supply chain snarled by tariffs and challenges accessing crucial materials, some industry experts told ABC News.A shortage of aluminum halted production at plants operated by Jeep... Read More.

As new tariffs take effect, US consumers footing more than half the burden: Report

Tuesday, October 14

(NEW YORK) -- With new tariffs taking effect Tuesday on furniture and lumber, an analysis released by Goldman Sachs finds American consumers are paying for more than half of the cost of the levies imposed by President Donald Trump.In a research note to its... Read More.