Business Archives - Page 3 of 8

US and Israeli strikes on Iran could rattle oil markets

Sunday, March 1

(NEW YORK) -- The U.S. and Israel's large-scale strikes on Iran Saturday are expected to rattle oil markets when trading resumes Sunday evening, with analysts anticipating an immediate price reaction and impact on gas prices.The central concern isn't just Iran's oil production, but its... Read More.

US mortgage rates drop below 6% for the 1st time in nearly 4 years

Thursday, February 26

(NEW YORK) -- The rate on a 30-year fixed mortgage dropped below 6% for the first time in nearly four years, according to new data from Freddie Mac.Rates have been hovering around 6% this year and averaged 6.76% last February."For the first time in... Read More.

What do the remaining tariffs mean for prices? Experts explain

Wednesday, February 25

(NEW YORK) -- President Donald Trump rushed to enact new tariffs and vowed to preserve others after a recent Supreme Court ruling knocked out most of his levies.Businesses and consumers now face a different set of tariffs, which amount to... Read More.

Trump’s 10% global tariff takes effect

Wednesday, February 25

(NEW YORK) -- A 10% global tariff took effect on Tuesday, marking the first duty enacted by President Donald Trump after a recent Supreme Court decision invalidated most of his levies.Within hours of the high court's ruling on Friday, Trump signed an executive order... Read More.

Stocks tick lower after Trump ratchets up tariffs

Monday, February 23

(NEW YORK) -- Stocks slid on Monday morning in the first trading session since President Donald Trump announced a new 15% tariff on most imported goods, intensifying his effort to impose levies that were struck down by the Supreme Court.The Dow Jones Industrial Average... Read More.

US economy slowed more than expected at end of 2025

Friday, February 20

(NEW YORK) -- The U.S. economy slowed more than expected over the final months of 2025, federal government data on Friday showed.The economy grew at an annualized rate of 1.4% in the fourth quarter in the government's initial estimate, marking a cooldown from blistering-hot... Read More.

What is Section 230? Landmark social media lawsuit spotlights legal shield

Wednesday, February 18

(LOS ANGELES) -- A landmark trial over social media addiction has drawn fresh scrutiny to a decades-old legal shield: Section 230.The case, which began last Monday in Los Angeles County Superior Court, centers on claims against Meta -- the parent company of Facebook and... Read More.

Mark Zuckerberg set to take the stand in landmark trial over social media addiction claims

Wednesday, February 18

(WASHINGTON) -- Mark Zuckerberg is set to testify Wednesday in a landmark Los Angeles trial alleging that major social media platforms were intentionally designed to be addictive for children and teens.The case, which began last Monday in Los Angeles County Superior Court, centers on... Read More.

‘On the right path’: Housing market offers glimmers of hope, some analysts say

Wednesday, February 18

(NEW YORK) -- A thaw in the housing market may deliver relief for homebuyers left out in the cold over recent years, analysts told ABC News.After the pandemic, a rapid rise in home prices coincided with stubbornly high mortgage rates, shutting out potential buyers.Glimmers... Read More.

Inflation cooled in January, dropping to lowest level in 9 months

Friday, February 13

(NEW YORK) -- nflation cooled in January, dropping price increases to their lowest level in nine months, new data from the Bureau of Labor Statistics showed. The lower-than-expected reading defied fears of a tariff-induced hike in overall costs.Prices rose 2.4% in January compared... Read More.

Valentine’s Day shoppers face soaring chocolate prices

Friday, February 13

(NEW YORK) -- Valentine's Day shoppers may feel jilted by runaway chocolate prices.Chocolate prices soared 14.4% over the initial weeks of 2026 when compared to the same period a year earlier, nearly doubling the pace of price increases at the start of 2025, according... Read More.

Jobs report set to show whether hiring slowdown continued in 2026

Wednesday, February 11

(NEW YORK) -- A jobs report to be released on Wednesday will provide a key barometer of the U.S. economy as policymakers grapple with a combination of elevated inflation and sluggish hiring.The labor market slowed sharply last year, prompting interest rate cuts at the... Read More.

Business

US and Israeli strikes on Iran could rattle oil markets

US mortgage rates drop below 6% for the 1st time in nearly 4 years

What do the remaining tariffs mean for prices? Experts explain

Trump’s 10% global tariff takes effect

Stocks tick lower after Trump ratchets up tariffs

US economy slowed more than expected at end of 2025

‘On the right path’: Housing market offers glimmers of hope, some analysts say

Inflation cooled in January, dropping to lowest level in 9 months

Valentine’s Day shoppers face soaring chocolate prices

Jobs report set to show whether hiring slowdown continued in 2026

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