Business

Andrew Harnik/Getty Images (WASHINGTON) — If this past weekend in European politics is an indicator of anything, it’s that the “Trump effect” is real, and its reverberations are unpredictable. Three European Union countries held elections on Sunday — Romania, Poland and Portugal — with the results failing to show any clear trend for the future […]

Matteo Colombo/Getty Images (NEW YORK) — Stocks slumped at the open of trading on Monday after a downgrade of U.S. credit triggered a spike in debt yields that threatened to raise borrowing costs throughout the nation’s economy. The Dow Jones Industrial Average dropped 295 points, or 0.7%, while the S&P 500 fell 0.9%. The tech-heavy […]

Anna Moneymaker/Getty Images (NEW YORK) — Consumer attitudes soured in May for the fourth consecutive month, even as President Donald Trump dialed back some tariffs. The reading came in below the level economists expected. Shopper sentiment now hovers near its lowest level since a severe bout of inflation three years ago, University of Michigan survey data on Friday showed. […]

Spencer Platt/Getty Images (NEW YORK) — Inflation cooled in the aftermath of President Donald Trump’s “Liberation Day” levies last month, dropping to a four-year low and defying fears of tariff-driven price hikes, government data this week showed. Even egg prices — a symbol of rising costs — fell about 10% in April compared to the […]

Tom Williams/CQ-Roll Call, Inc via Getty Images (WASHINGTON) — The race to win tickets to an exclusive crypto dinner gala with President Donald Trump at his private golf club in Virginia on May 22 ended with top 220 holders of the Trump meme coin winning invitations to the black tie gala, the coin’s official X […]

Yevgen Romanenko via Getty Images (WASHINGTON) — This week’s inflation report will offer a first look at how President Donald Trump’s “Liberation Day” tariff announcement has impacted pricing across the United States. Trump’s tariff escalation, announced April 2, set off fears among economists and consumers about a possible burst of inflation, since importers typically pass […]

Matteo Colombo/Getty Images (NEW YORK) — U.S. stocks soared at the open of trading on Monday, just hours after the U.S. and China announced an agreement to slash tariffs for 90 days as the world’s two largest economies negotiate a wider trade deal. The Dow Jones Industrial Average climbed 1,005 points, or 2.4%, while the […]

(Thana Prasongsin/Getty Images) (NEW YORK) — A carousel ride and 12 flavors of fudge await shoppers at LARK Toys, a family-owned toy shop outside Minneapolis, Minnesota. The glee on offer belies the stress behind the counter as President Donald Trump’s 145% tariffs on China, which are set to trigger price increases and product shortages within […]

Peter Kramer/NBC via Getty Images (WASHINGTON) — President Donald Trump on Friday voiced a willingness to ease tariffs on China, saying on social media it “seems right” to slash levies from 145% to 80%. The announcement arrives a day before Treasury Secretary Scott Bessent is set to begin trade negotiations with Chinese officials at a […]

ABC News Mortgage rates have dropped over the early months of 2025, offering homebuyers an opportunity for some borrowing relief if they move ahead with the big-ticket purchase. The housing market remains sluggish and wider economic uncertainty looms, however. President Donald Trump’s tariffs threaten to upend global trade and tip the U.S. into a downturn, […]