Business

(NEW YORK) — Think your giant sport-utility vehicle is cooler than the middling station wagon? Think again. German automaker BMW recently entered the U.S. “super wagon” category with its high performance M5 Touring, a ludicrously fast family hauler (starting price $121,500) that can smoke a two-seater sports car on a racetrack — again and again. […]

(NEW YORK) — Hiring slowed but remained robust in April following President Donald Trump’s “Liberation Day” tariff announcement early last month, fresh data on Friday showed. The reading exceeded economists’ expectations. The U.S. added 177,000 jobs in April, according to data from the U.S. Bureau of Labor Statistics. That figure marked solid growth but a […]

(NEW YORK) — President Donald Trump’s administration is set to begin collecting defaulted student loan payments next week — which could harm the credit scores of millions of borrowers. Roughly 5 million borrowers will have their university and college loans sent for collections beginning May 5, the Department of Education said last month. When that […]

(WASHINGTON) — Government data to be released on Wednesday is expected to show a sharp economic slowdown over the initial months of President Donald Trump’s second term as a flurry of tariff proposals stoked uncertainty among businesses and consumers, analysts told ABC News. The measure of gross domestic product, or GDP, will likely be lowered […]

(WASHINGTON) — President Donald Trump is set to provide tariff relief for carmakers on Tuesday, just weeks after the onset of auto levies triggered warnings of price increases. An administration official confirmed that the 25% tariff on finished foreign-made cars and parts will remain — but today’s announcement will prevent tariffs from stacking on top […]

(NEW YORK) — A new survey of consumers on Tuesday is expected to show attitudes worsened in April, casting further gloom over the economy as President Donald Trump’s tariffs set off warnings of price increases and a possible recession. A reading of sour consumer sentiment would mark the fifth consecutive month of decline, leaving the […]

(WASHINGTON) — Few of President Donald Trump’s first 100 days in his second term carried more fanfare than April 2, which Trump previewed for weeks under the moniker of “Liberation Day.” At a Rose Garden ceremony replete with a live band and floor-to-ceiling American flags, Trump announced the nation’s largest set of tariffs in nearly […]

(WASHINGTON) — A marketing email distributed this month by Trump Coins, a commemorative coin venture launched last year by President Donald Trump, attributes the soaring value of gold and other metals in recent weeks to the president’s “return to the spotlight.” “President Trump’s bold stance on tariffs, American industry, and economic protection is pushing investors […]

(NEW YORK) — The country’s electric vehicle market has an affordability problem. Enter Slate, a new company backed by Amazon CEO Jeff Bezos and two investment funds. On Thursday, company executives unveiled an inexpensive, spartan electric truck that comes at a critical time for U.S. consumers and the industry. Priced below $30,000, the truck, which […]

(NEW YORK) — U.S. stocks rallied in early trading on Wednesday, one day after President Donald Trump said tariffs on China would “come down substantially.” Trump also appeared to soften previous attacks on the Federal Reserve, saying late Tuesday he has “no intention” of firing top central banker Jerome Powell. The Dow Jones Industrial Average […]