Business

Matteo Colombo/Getty Images (NEW YORK) — Stocks surged at the open of trading on Thursday after a panel of federal judges blocked President Donald Trump from slapping some of his far-reaching tariffs on China and other major U.S. trading partners. The Dow Jones Industrial Average jumped 55 points, or 0.1%, while the S&P 500 increased […]

Craig T Fruchtman/Getty Images (NEW YORK) — Macy’s slashed its full-year profit forecast on Wednesday, attributing the downbeat expectations in part to tariffs imposed by President Donald Trump. The New York-based retail chain is the latest major company to warn of ill effects from the levies, including Target, Walmart and Nike. Macy’s downgraded its expectations […]

Silas Stein/picture alliance via Getty Images (NEW YORK) — The GENIUS Act, a cryptocurrency regulation bill making its way through the Senate, has thrust a little-known type of digital asset into the spotlight. The industry-backed measure establishes rules targeting stablecoins, a form of cryptocurrency pegged to the value of another asset, often the U.S. dollar. […]

lechatnoir/Getty Images (NEW YORK) — Consumer confidence improved more than expected in May, ending a monthslong stretch of worsening consumer attitudes as President Donald Trump’s tariffs set off company warnings about price increases even after the president eased his policy. The reading of brightened consumer sentiment snapped five consecutive months of decline, which had brought […]

ABC News Buying a Tesla has become a bit more complicated in the past year. The company’s Model Y and Model 3 continue to be the best-selling electric vehicles in the U.S., accounting for more than 40% of all EVs sold last year, according to Cox Automotive data. But Tesla’s stronghold on the EV market […]

Win McNamee/Getty Images (WASHINGTON) — Despite repeated claims from the White House that President Donald Trump’s Thursday night gala for the top holders of his cryptocurrency meme coin had nothing to do with his official duties, several of those investors visited the White House Friday afternoon for what they described as a special VIP event, […]

Andrew Harnik/Getty Images (WASHINGTON) — President Donald Trump has disrupted global trade and roiled markets in an effort to bring manufacturing jobs back to the U.S. Some of his top tech allies, however, have backed ventures that replace human workers with robots. Elon Musk, a top donor and adviser to Trump, has touted humanoid robots […]

Spencer Platt/Getty Images (NEW YORK) — Stocks tumbled in early trading on Friday after President Donald Trump threatened new tariffs targeting tech giant Apple and the European Union. The Dow Jones Industrial Average dropped 458 points, or 1.1%, while the S&P 500 declined 1.2%. The tech-heavy Nasdaq dropped 1.6%. Shares of Apple fell nearly 3% […]

VCG/VCG via Getty Images (NEW YORK) — Bitcoin surged to a record high on Thursday, vaulting more than 3% in early trading and hurtling past $110,000 for the first time. The price of bitcoin stood at $111,385 on Thursday, extending a sharp rise that stretches back to the November election of President Donald Trump, a cryptocurrency supporter and […]

Photo by Jaque Silva/NurPhoto via Getty Images (NEW YORK) — Stocks closed down significantly on Wednesday as bond yields spiked amid deficit concerns centered on a tax cut measure under consideration in the U.S. House as part of a megabill supporting President Donald Trump’s second-term agenda. The Dow Jones Industrial Average closed down 817 points, or 1.9%, […]