Business

(WASHINGTON) — President Donald Trump’s decision to pause so-called “reciprocal tariffs” for most countries triggered a historic stock market rally on Wednesday, but the levies that remain in place are still expected to hike prices and put the U.S. at risk of a recession, experts told ABC News. Alongside the suspension of some tariffs, Trump […]

(NEW YORK) — Consumer prices rose 2.4% in March compared to a year ago, marking a cooldown during a period that preceded the recession warnings and market turmoil following President Donald Trump’s recent escalation of tariffs. The reading came in lower than economists expected. Even as overall cost hikes slowed, egg prices soared 60% higher […]

(RALEIGH, N.C.) — In the Research Triangle area in and around Raleigh, North Carolina, home sales and construction development are booming as thousands flock to the area in search of affordable homes close to work. However, the severe tariffs President Donald Trump put on virtually all U.S. trading partners have created uncertainty within the U.S. […]

(NEW YORK) — U.S. stocks surged on Wednesday after President Donald Trump announced a 90-day pause in some tariffs. The Dow Jones Industrial Average climbed 2,370 points, or 6.3%, while the S&P 500 soared 7.4%. The tech-heavy Nasdaq jumped 9.6%. President Donald Trump’s latest batch of levies on China increased the cumulative rate of tariffs […]

(NEW YORK) — Hedge fund honcho Bill Ackman has joined a growing list of President Donald Trump’s billionaire backers calling for the White House to slam the brakes on tariffs. As the Trump administration’s reciprocal tariffs went into effect Wednesday, triggering retaliatory reactions from China and the European Union, Ackman took to social media, asking Trump to […]

(NEW YORK) –U.S. stocks seesawed on Wednesday, swinging between gains and losses amid fears of a global trade war as China and the European Union slapped retaliatory tariffs on U.S. goods. The Dow Jones Industrial Average fell 60 points, or 0.7%, while the S&P 500 dropped 0.6%, The tech-heavy Nasdaq jumped 0.2%. Meanwhile, a selloff […]

(NEW YORK) –U.S. stocks climbed on Wednesday, marking the latest swing in volatile trading and defying fears of a global trade war as China and the European Union slapped retaliatory tariffs on U.S. goods. The Dow Jones Industrial Average ticked up 60 points, or 0.15%, while the S&P 500 increased 0.4%. The tech-heavy Nasdaq surged […]

(NEW YORK) –U.S. stocks were mixed at the open of trading on Wednesday, extending days-long turmoil in markets as tit-for-tat tariffs between the U.S. and China heightened the risk of a global trade war and worsened fears of a recession. The Dow Jones Industrial Average opened down 315 points, or 0.8%, while the S&P 500 […]

(TAIWAN) — Asian stocks plunged during Wednesday’s trading session after President Donald Trump’s latest batch of sanctions on China came into force, helping wipe off Tuesday’s limited gains and compounding a turbulent week for the world’s key indexes. Trump’s new measures increased the cumulative rate of tariffs on Chinese goods to 104% — a move […]

(WASHINGTON) — After days of market tumult, President Donald Trump on Wednesday makes good on his long-sought goal of imposing aggressive tariffs against dozens of U.S. trading partners. But his gamble comes with major political risks for his legacy amid mounting concerns from Republicans and business leaders that’s he’s making a mistake by going too […]