Business Archives - Page 8 of 10

Consumer confidence sours in June, despite rollback of Trump’s tariffs

Friday, July 4

(NEW YORK) -- Consumer confidence soured in June, erasing some of the boost in shopper attitudes that took hold last month as President Donald Trump rolled back tariffs, Conference Board data on Tuesday showed. The reading fell short of economists' expectations.The fresh data resumes... Read More.

Aflac says cyberattack breach could expose personal data of customers

Friday, July 4

(NEW YORK) -- A group of cybercriminals hacked into data systems at insurance company Aflac, possibly gaining access to sensitive information such as Social Security numbers and health reports, the company said on Friday.Aflac, which boasts millions of customers, “identified suspicious activity” and “stopped... Read More.

Fed expected to hold interest rates steady, defying Trump

Friday, July 4

(WASHINGTON) -- The Federal Reserve on Wednesday will issue a new decision on the level of its benchmark interest rate, testing a wait-and-see approach adopted by the central bank in recent months as it observes potential effects of President Donald Trump's tariff policy.The posture... Read More.

What to know about the GENIUS Act, a crypto regulation bill

Friday, July 4

(NEW YORK) -- The Senate voted 68-30 late Tuesday to pass the GENIUS Act, a bill that aims to regulate some cryptocurrencies.The bill faced some Democratic opposition over President Donald Trump’s cryptocurrency ventures, but it ultimately garnered support from 18 Democrats, including Sens. Cory... Read More.

Stocks close higher, despite intensifying Israel-Iran conflict

Friday, July 4

(NEW YORK) -- Oil prices fell and stocks closed higher on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict.The Dow Jones Industrial Average closed up 317 points, or 0.7%, erasing much of the losses suffered on Friday... Read More.

What to know about Trump Mobile, the Trump Organization’s new phone plan

Friday, July 4

(NEW YORK) -- The Trump Organization on Monday announced a mobile phone service and a Trump-branded smartphone, extending the family real estate company into the vast U.S. telecom market.The announcement arrives exactly 10 years after the launch of President Donald Trump's first presidential campaign,... Read More.

Oil prices surge and stocks slump after Israel attack on Iran

Friday, July 4

(NEW YORK) -- Oil prices surged and stocks slumped on Friday morning in the immediate hours after Israel began an attack on Iran targeting nuclear sites and senior military officers.The strike stoked concern among investors about a possible wider conflict across the Middle East,... Read More.

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

Thursday, July 3

(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 Trumps tariffs

Thursday, July 3

(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. Heres why that matters for you.

Wednesday, July 2

(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 wont rule out interest rate cut this month

Tuesday, July 1

(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

Tuesday, July 1

(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.