Business

(WASHINGTON) — Borrowers eager for the Federal Reserve to abandon high interest rates could not have scripted a better four-word declaration than the one on Friday from Fed Chair Jerome Powell: “The time has come.” Powell indicated that the Fed would soon bring interest rates down from a 23-year high. The shift could lower borrowing […]

(NEW YORK) — Mate Rimac has a tall order: trying to convince drivers that electric supercars are superior to combustion vehicles. Rimac, the 36-year-old engineering savant from Croatia who started his namesake company 15 years ago, recently pulled the sheet of his latest creation: the Nevera R, an aerodynamically perfected supercar designed to hug every […]

(NEW YORK) — Two major Canadian freight rail companies locked out thousands of workers on Thursday, shutting down cross-border shipping routes and risking serious damage for the U.S. economy, industry experts told ABC News. The rail lines carry everything from chemical inputs to auto parts, holding the potential to cause shortages for a range of […]

(NEW YORK) — Hawaiian Airlines and Alaska Airlines are one step closer to closing a $1.9 billion deal that would mark the largest consolidation of any U.S. carrier since 2016. The deadline for regulatory review by the Department of Justice expired earlier this week without any interference, meaning the two companies have cleared the first […]

(WASHINGTON) — Vice President Kamala Harris has unveiled a comprehensive agenda focused on cooling inflation, but many economists consider the fight against price increases to be nearly finished. Inflation stands below 3% for the first time since 2021, U.S. government data earlier this month showed. The Federal Reserve is widely expected to cut interest rates […]

(NEW YORK) — Trump Media & Technology Group’s stock dropped more than 11% this week, suffering from sour sentiment after a weak earnings report and the return of former President Donald Trump to rival social media platform X. The company’s woes stretch back to the middle of last month. Since then, the stock for the […]

(NEW YORK) — Stock prices worldwide seesawed dramatically this week, forcing investors to keep up with sudden turns in the market and weather fears of an economic slowdown. The S&P 500 on Monday suffered its worst decline in a single trading day since 2022. In early trading on Tuesday, the index recovered more than half […]

(NEW YORK) — After several of its brightest stars declared support for former President Donald Trump last month, Silicon Valley has now come out in force for Vice President Kamala Harris. Though Silicon Valley remains a stronghold of support for Democrats, the Biden’s administration’s hawkish approach to tech has alienated many in the industry, and […]

(NEW YORK) — Stocks plummeted on Monday as markets worldwide reckoned with a disappointing jobs report last week that fueled concern of a possible recession. When markets opened on Monday morning, the S&P 500 fell about 4% and the tech-heavy Nasdaq dropped more than 6%. The Dow Jones Industrial Average fell roughly 1,000 points, or […]

(WASHINGTON) — Google violated U.S. antitrust laws in maintaining a monopoly over the online search business, a federal judge ruled Monday, in a landmark ruling for the Justice Department in its efforts to rein in big tech giants. D.C. District judge Amit Mehta declared Google violated Section 2 of the Sherman Act, finding the company […]