Business

(WASHINGTON) — Lawyers for Meta told a federal judge on Monday that the social media company founded by billionaire Mark Zuckerberg is not a monopoly, countering a landmark lawsuit brought against it by the Federal Trade Commission accusing the tech giant of gobbling up its competitors to corner the market. “Meta has no Monopoly,” Mark […]

(NEW YORK) — Major stock markets in Asia and Europe rose in Monday trading following the U.S. announcement that key consumer electronics would be temporarily exempted from President Donald Trump’s reciprocal tariffs. Hong Kong’s Hang Seng index led the regional gains, closing 2.4% up with the Hang Seng Tech Index up more than 2%. On […]

(NEW YORK) — U.S. stocks climbed on Friday, shrugging off new Chinese tariffs on American goods that intensified a trade war between the two largest economies in the world. The Dow Jones Industrial Average jumped 440 points, or 1.1%, while the S&P 500 surged 1.4%. The tech-heavy Nasdaq increased 1.6%. Meanwhile, a selloff of 10-year Treasuries sent yields climbing to 4.46%. […]

(NEW YORK) — Americans’ love affair with coffee and chocolate could soon get a lot more expensive. Baristas and confectioners say the beans they need to make their products are mostly grown in countries targeted by the Trump administration’s tariffs. According to the U.S. Department of Agriculture, the United States is the world’s second-largest importer of coffee. […]

(NEW YORK) — U.S. stocks seesawed between gains and losses in early trading on Friday as new Chinese tariffs on American goods intensified a trade war between the two largest economies in the world. The Dow Jones Industrial Average dropped 103 points, or 0.25%, while the S&P 500 fell 0.2%. The tech-heavy Nasdaq declined 0.07%. […]

(NEW YORK) — U.S. stocks inched lower in early trading on Friday as new Chinese tariffs on American goods intensified a trade war between the two largest economies in the world. The Dow Jones Industrial Average dropped 96 points, or 0.25%, while the S&P 500 fell 0.1%. The tech-heavy Nasdaq declined 0.05%. China issued a […]

(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 […]