Business

(NEW YORK) — The United States dollar is suffering its worst start to a year in more than five decades, likely triggering a price hike for some everyday items and a jump in expenses faced by travelers abroad, some analysts told ABC News. The greenback has fallen more than 10% in value this year relative […]

(WASHINGTON) — Federal Reserve Chair Jerome Powell said on Tuesday he would not rule out a potential interest rate cut as soon as this month. The remarks come amid a public pressure campaign from President Donald Trump, who has repeatedly urged Powell to slash interest rates. When asked on Tuesday about a possible interest rate cut at the Fed’s […]

(NEW YORK) — A bankruptcy court this week approved the $305 million sale of genetics testing firm 23andMe to a nonprofit organization led by the company’s former CEO Anne Wojcicki, the company announced. The 23andMe bankruptcy earlier this year elicited fears about the security of genetic data belonging to the company’s roughly 15 million customers. […]

Matteo Colombo/Getty Images (NEW YORK) — The S&P 500 hit an all-time record high on Friday, extending breakneck gains achieved in recent weeks as investors shrugged off concerns about newly imposed tariffs and war in the Middle East. The S&P 500 climbed 0.3%, clocking in for the first time ever at 6,156. Over the past […]

(NEW YORK) — The stock market has been on a tear in recent weeks, shrugging off newly imposed tariffs, caution at the Federal Reserve and war in the Middle East. The S&P 500 has soared 20% since an April low suffered after President Donald Trump’s “Liberation Day” tariff announcement. Over that period, the tech-heavy Nasdaq […]

(NEW YORK) — Nearly two million student loan borrowers are at risk of having their wages garnished next month, credit-reporting agency TransUnion said on Tuesday. Fresh data shows a sharp increase in the number of delinquent student loan borrowers in recent months, following the end of a pandemic-era pause on student debt payments. Student loan borrowers are considered delinquent if they […]

(NEW YORK) — Consumer confidence soured in June, erasing some of the boost in shopper attitudes that took hold last month as President Donald Trump rolled back tariffs, Conference Board data on Tuesday showed. The reading fell short of economists’ expectations. The fresh data resumes a trend of worsening consumer confidence that stretches back to […]

SOPA Images/LightRocket via Getty Images (NEW YORK) — A group of cybercriminals hacked into data systems at insurance company Aflac, possibly gaining access to sensitive information such as Social Security numbers and health reports, the company said on Friday. Aflac, which boasts millions of customers, “identified suspicious activity” and “stopped the intrusion within hours,” the […]

(NEW YORK) — The Senate voted 68-30 late Tuesday to pass the GENIUS Act, a bill that aims to regulate some cryptocurrencies. The bill faced some Democratic opposition over President Donald Trump’s cryptocurrency ventures, but it ultimately garnered support from 18 Democrats, including Sens. Cory Booker, D-N.J., and Adam Schiff, D-Calif. The industry-backed measure establishes […]

(NEW YORK) — Oil prices fell and stocks closed higher on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict. The Dow Jones Industrial Average closed up 317 points, or 0.7%, erasing much of the losses suffered on Friday as back-and-forth strikes broke out between the two countries. The S&P 500 […]