Business Archives - Page 7 of 10

What to know about Trump’s new tariffs on Canada

Friday, July 11

(WASHINGTON) -- President Donald Trump ratcheted up tariffs on Canada late Thursday, stoking tensions with a top U.S. trade partner as the two sides try to hash out a trade agreement by the end of the month.The Dow Jones Industrial Average tumbled 250 points,... Read More.

Linda Yaccarino steps down from role as CEO of Musk-owned X

Wednesday, July 9

Artur Widak/NurPhoto via Getty Images(NEW YORK) -- Linda Yaccarino said she is stepping down from her role as CEO of X, the social media platform owned by Elon Musk.Yaccarino, who previously served as an advertising executive at NBCUniversal, took the helm of X two... Read More.

Dow closes down 420 points as Trump unveils new tariffs

Monday, July 7

Andrew Caballero-Reynolds/AFP via Getty Images(WASHINGTON) -- Stocks closed down significantly on Monday after President Donald Trump announced steep tariffs on seven countries and threatened to impose new levies on others.The Dow Jones Industrial Average closed down 422 points, or 0.9%, while the S&P 500 dropped 0.7%.... Read More.

What to know about Trump’s shifting tariff deadline

Monday, July 7

Chip Somodevilla/Getty Images(WASHINGTON) -- President Donald Trump on Monday will sign an executive order delaying steep levies on dozens of countries that were set to take effect on Wednesday, the White House said.Trump's so-called reciprocal tariffs will now take effect on Aug. 1, White... Read More.

Gas prices near lowest level in 4 years ahead of Fourth of July

Friday, July 4

(NEW YORK) -- Gas prices are hovering near their lowest summer level in four years as millions of people ready themselves to hit the roads over the Fourth of July holiday weekend.The national average for a gallon of gas on Thursday stood at... Read More.

Hiring surged in June, defying concern about Trump’s tariffs

Friday, July 4

(NEW YORK) -- Hiring surged in June as businesses navigated uncertainty surrounding President Donald Trump's tariffs, federal government data on Thursday showed. The reading exceeded economists' expectations.The U.S. added 147,000 jobs in June, according to data from the U.S. Bureau of Labor Statistics. That... Read More.

US dollar is off to its worst start in 50 years. Here’s why that matters for you.

Friday, July 4

(NEW YORK) -- The United States dollar is suffering its worst start to a year in more than five decades, likely triggering a price hike for some everyday items and a jump in expenses faced by travelers abroad, some analysts told ABC News.The greenback... Read More.

Fed Chair Powell says he won’t rule out interest rate cut this month

Friday, July 4

(WASHINGTON) -- Federal Reserve Chair Jerome Powell said on Tuesday he would not rule out a potential interest rate cut as soon as this month. The remarks come amid a public pressure campaign from President Donald Trump, who has repeatedly urged Powell to slash... Read More.

Court approves sale of 23andMe to nonprofit led by former CEO Anne Wojcicki

Friday, July 4

(NEW YORK) -- A bankruptcy court this week approved the $305 million sale of genetics testing firm 23andMe to a nonprofit organization led by the company's former CEO Anne Wojcicki, the company announced.The 23andMe bankruptcy earlier this year elicited fears about the security of... Read More.

S&P 500 hits record high as stock market surges

Friday, July 4

(NEW YORK) -- The S&P 500 hit an all-time record high on Friday, extending breakneck gains achieved in recent weeks as investors shrugged off concerns about newly imposed tariffs and war in the Middle East.The S&P 500 climbed 0.3%, clocking in for the first... Read More.

The stock market is surging. Will it last?

Friday, July 4

(NEW YORK) -- The stock market has been on a tear in recent weeks, shrugging off newly imposed tariffs, caution at the Federal Reserve and war in the Middle East.The S&P 500 has soared 20% since an April low suffered after President Donald Trump’s... Read More.

2 million student loan borrowers at risk of garnished wages in July

Friday, July 4

(NEW YORK) -- Nearly two million student loan borrowers are at risk of having their wages garnished next month, credit-reporting agency TransUnion said on Tuesday.Fresh data shows a sharp increase in the number of delinquent student loan borrowers in recent months, following the end... Read More.