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Business News

20 Results / Page 1 of 3

Background
consumer-sentiment-sours-as-government-shutdown-threatens-economic-damage

Business News

Consumer sentiment sours as government shutdown threatens economic damage

(NEW YORK) -- Consumer sentiment soured in October as a government shutdown threatens to weaken a wobbly economy beset by an uptick in inflation and a sharp slowdown of hiring, fresh data on Friday showed. The reading marked a decrease from the previous month but it came in higher than economists expected.Shopper attitudes have worsened for three consecutive months, resuming a decline that took hold after President Donald Trump took office, University of […]

todayOctober 10, 2025

hiring-slowdown-continues-in-1st-jobs-report-since-trump-fired-commissioner

Business News

Hiring slowdown continues in 1st jobs report since Trump fired commissioner

(WASHINGTON) -- Fresh jobs data on Friday showed a continued hiring slowdown in the first such release since a dismal jobs report last month prompted President Donald Trump to fire the top official tasked with compiling labor statistics. The reading fell well short of economists' expectations.The U.S. added 22,000 jobs in August, according to data from the U.S. Bureau of Labor Statistics. That figure showed a sharp decrease from 79,000 jobs added in the […]

todayOctober 10, 2025

gold-prices-hit-a-record-high-as-economic-uncertainty-looms

Business News

Gold prices hit a record high as economic uncertainty looms

(NEW YORK) -- The price of gold topped $3,500 per ounce for the first time ever on Tuesday, reaching toward new record highs as trading stretched into midday.Gold prices have soared 35% so far this year, far outpacing a 9% gain in the S&P 500. Over that period, the Dow Jones Industrial Average has jumped 6% and the tech-heavy Nasdaq has climbed 10%.The rush toward gold reflects heightened economic uncertainty, experts said. […]

todayOctober 7, 2025

government-shutdown-halts-data,-stokes-risk-as-economy-wobbles,-experts-say

Business News

Government shutdown halts data, stokes risk as economy wobbles, experts say

(WASHINGTON) -- The government shutdown halted the release of key economic data, choking off the flow of information as some experts warn the economy may be slipping toward a recession, some economists told ABC News.A federal agency postponed the release of a monthly jobs report on Friday, leaving observers in the dark about the status of a sharp hiring slowdown. If the government shutdown stretches into next week, fresh inflation […]

todayOctober 6, 2025

what-does-the-closure-of-the-de-minimis-loophole-mean-for-shoppers?

Business News

What does the closure of the de minimis loophole mean for shoppers?

(WASHINGTON) -- A tariff loophole for low-cost shipments helped fuel an explosion of U.S. consumers purchasing shoes, sunglasses and a host of other items directly from sellers overseas. The Trump administration closed that exemption on Friday, bringing the era of duty-free online buying to an end.President Donald Trump closed what's known as the "de minimis" loophole, which allowed for duty-free import of goods valued at less than $800. Now, such […]

todayOctober 3, 2025

stocks-close-higher-on-1st-day-of-government-shutdown

Business News

Stocks close higher on 1st day of government shutdown

Matteo Colombo/Getty Images (NEW YORK) -- Stocks closed higher on Wednesday, just hours after a government shutdown began, defying fears among some observers about the economic risk posed by a potentially prolonged impasse.The Dow Jones Industrial Average jumped 43 points, or 0.09%, while the S&P 500 climbed 0.34%. The tech-heavy Nasdaq increased 0.42%.The Dow and S&P 500 each closed at record highs on Wednesday.The uptick extended a period of resilient performance for markets, which shrugged […]

todayOctober 1, 2025

stocks-tick-higher-on-1st-day-of-government-shutdown

Business News

Stocks tick higher on 1st day of government shutdown

Matteo Colombo/Getty Images (NEW YORK) -- Stocks ticked higher in midday trading on Wednesday, just hours after a government shutdown began, defying fears among some observers about the economic risk posed by a potentially prolonged impasse.The Dow Jones Industrial Average jumped 71 points, or 0.15%, while the S&P 500 jumped 0.1%. The tech-heavy Nasdaq increased 0.1%.The uptick extended a period of resilient performance for markets, which shrugged off the looming impasse a day earlier. Each of […]

todayOctober 1, 2025

stocks-fall-on-1st-day-of-government-shutdown

Business News

Stocks fall on 1st day of government shutdown

Matteo Colombo/Getty Images (NEW YORK) -- Stocks dropped in early trading on Wednesday, just hours after a government shutdown began, shuttering some government services and complicating a delicate moment for the nation's economy.The Dow Jones Industrial Average fell 87 points, or 0.1%, while the S&P 500 slid 0.4%. The tech-heavy Nasdaq declined 0.6%.The selloff marked the first sign of shutdown-related strain for markets, which shrugged off the looming impasse a […]

todayOctober 1, 2025

trump-announces-deal-to-put-tiktok-under-control-of-us-investors

Business News

Trump announces deal to put TikTok under control of US investors

U.S. President Donald Trump speaks during a bilateral meeting with President of Ukraine Volodymyr Zelensky at the 80th session of the UN’s General Assembly (UNGA) at the United Nations headquarters on September 23, 2025 in New York City. World leaders convened for the 80th Session of UNGA, with this year’s theme for the annual global meeting being “Better together: 80 years and more for peace, development and human rights.” (Photo […]

todaySeptember 25, 2025

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