Business Archives - Page 5 of 10

Fresh data to show consumer sentiment amid sweeping new tariffs

Friday, August 15

(NEW YORK) -- A fresh report on consumer sentiment on Friday will show how shoppers digested a cascade of economic developments this month, including President Donald Trump's firing of a top labor statistics official hours after the release of weak jobs data.The report, which details... Read More.

These jobs are hiring, despite a weak job market

Wednesday, August 13

(NEW YORK) -- The labor market slowed sharply this summer, leaving job applicants with fewer places to turn for a new position.Employers added an average of about 35,000 jobs over three months ending in July, which marks a major slowdown from roughly 128,000 jobs... Read More.

Inflation expected to have increased slightly in July

Tuesday, August 12

(WASHINGTON) -- Policymakers and business leaders will closely watch the release of inflation data on Tuesday, marking the latest look at price increases as the economy risks a tariff-induced rise of inflation.The inflation report is the first major data release from the U.S. Bureau... Read More.

What to know about the Trump administration’s deal with AI chipmakers

Monday, August 11

(WASHINGTON) -- AI chipmakers Nvidia and Advanced Micro Devices struck an extraordinary accord to pay the United States government 15% of the revenue the two companies are set to make from products sold in China, a White House official confirmed to ABC News.In exchange... Read More.

Why the stock market shrugged off weak data, recession fears

Friday, August 8

(NEW YORK) -- Weak jobs data came out hours before President Donald Trump fired the head of labor statistics. A report on gross domestic product indicated a slowdown of growth over the first half of the year. A sweeping round of tariffs hit nearly... Read More.

Trump calls on Intel CEO to resign

Thursday, August 7

(WASHINGTON) -- President Donald Trump called on the CEO of Intel, Lip-Bu Tan, to resign "immediately.""The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!" the president... Read More.

OpenAI releases GPT-5, the latest model fueling ChatGPT

Thursday, August 7

(NEW YORK) -- OpenAI on Thursday released GPT-5, unveiling a new version of the artificial intelligence model that fuels popular chatbot ChatGPT. The product will be made immediately available to users, including customers who use the company's cost-free options, OpenAI said.The announcement comes days... Read More.

Trump’s sweeping new tariffs take effect

Thursday, August 7

(WASHINGTON) -- President Donald Trump’s sweeping new tariffs finally took effect on Thursday, slapping levies on dozens of countries and risking price increases for a host of everyday goods.Tariffs between 10% and 41% were applied to nearly 70 countries beginning at 12:01 a.m. Thursday,... Read More.

About 3,200 Boeing jet and weapons workers begin strike

Monday, August 4

(ST. LOUIS) -- About 3,200 union members at Boeing facilities in Michigan and Illinois went on strike at midnight on Monday after rejecting an contract offer from the company, the union said.Local members of the International Association of Machinists and Aerospace Workers, who build... Read More.

ABC starts broadcasting with new affiliate in Miami

Monday, August 4

(MIAMI) -- ABC began broadcasting with a new local affiliate in Miami on Monday, just months after Disney Entertainment struck an agreement with Sunbeam Television Corporation.Under the deal established in March, ABC Miami will broadcast ABC’s national sports, news and entertainment programming over-the-air on... Read More.

Hiring slowed in July as Trump’s tariffs fluctuated

Friday, August 1

(NEW YORK) -- Hiring slowed in July as President Donald Trump’s tariffs pinched the balance sheets of some major companies and reshaped the nation’s trade relationships. The reading fell short of economists' expectations.The U.S. added 73,000 jobs in July, according to data from the... Read More.

Stocks tumble after Trump unveils sweeping new tariffs

Friday, August 1

(NEW YORK) -- U.S. stocks tumbled in early trading on Friday, just hours after President Donald Trump signed an executive order slapping new tariffs on dozens of countries. A weak jobs report worsened investor jitters, revealing a slowdown of hiring over recent months as... Read More.