Business News

(WASHINGTON) -- An inflation report to be released on Thursday will offer a look at price increases for the first time in nearly two months, after the 43-day government shutdown impaired data collection.The fresh data is set to arrive amid an uptick of inflation over recent months that has coincided with a flurry of tariffs issued by President Donald Trump. Economists expect that acceleration of price increases to have continued […]

(NEW YORK) -- Stocks closed markedly higher on Wednesday after President Donald Trump backed off of tariff threats over Greenland. The major indexes recovered most of the losses they suffered the day before amid trade tensions centered on the Danish territory.The Dow Jones Industrial Average climbed 588 points, or 1.2%, while the S&P 500 jumped 1.1%. The tech-heavy Nasdaq increased 1.1%.U.S. stocks surged on Wednesday afternoon after Trump said he would retract his proposed […]

(NEW YORK) -- European lawmakers on Wednesday suspended a trade agreement with the United States over tariff threats issued by President Donald Trump as part of his push to acquire Greenland.The announcement came minutes after President Donald Trump reasserted his call for U.S. ownership of Greenland during a speech at the World Economic Forum in Davos, Switzerland.The speech followed tariff threats issued by Trump days earlier against seven European Union countries, plus the U.K., […]

In this photo illustration a man holds a iPhone, that shows Netflix, Warner Bros and Paramount streaming apps on his phone screen on December 9, 2025 in Bristol, England. (Anna Barclay/Getty Images) (NEW YORK) -- The board at Warner Bros. Discovery Inc. said early on Wednesday that its members had unanimously recommended that shareholders reject Paramount Skydance’s bid for the company in favor of Netflix’s earlier bid."Following a careful evaluation […]

(NEW YORK) -- Stocks closed down significantly on Tuesday, deepening losses suffered at the outset of trading, after President Donald Trump threatened tariffs on multiple European countries as part of a push for U.S. control of Greenland.The Dow Jones Industrial Average closed down 870 points, or 1.7%, while the S&P 500 declined 2%. The tech-heavy Nasdaq dropped 2.3%.Those losses marked a dip from initial trading levels on Tuesday morning, when the Dow had […]

(NEW YORK) -- Stocks tumbled in early trading on Tuesday as President Donald Trump threatened tariffs on multiple European countries as part of a push for U.S. control of Greenland.The Dow Jones Industrial Average fell 735 points, or 1.4%, while the S&P 500 declined 1.5%. The tech-heavy Nasdaq dropped 1.8%.The selloff came in the first trading session since Trump announced the new tariffs in a social media post on Saturday.Under the proposed plan, […]

(NEW YORK) -- The Walt Disney Company on Thursday announced plans to invest $1 billion in artificial intelligence company OpenAI, in a deal that will grant the company access to copyrighted characters from "Star Wars," Marvel and other properties for users of AI short-form video generator Sora.“The rapid advancement of artificial intelligence marks an important moment for our industry, and through this collaboration with OpenAI we will thoughtfully and responsibly […]

(NEW YORK) -- Paramount launched a hostile bid for Warner Bros. Discovery this week, just days after Netflix struck a deal to acquire the legacy media company.The rival multi-billion dollar efforts to purchase streaming platform HBO Max and movie studio Warner Bros., among other assets, could upend the media industry and shape content viewed by hundreds of millions of people.For now, the outcome remains highly uncertain. Any acquisition of Warner […]

Igor Golovniov/SOPA Images/LightRocket via Getty Images (NEW YORK) -- Some Verizon customers were experiencing a service outage on Wednesday afternoon, according to the company.Verizon said it was not immediately clear how long the service would be down."We are aware of an issue impacting wireless voice and data services for some customers," Verizon said in a statement to ABC News. "Our engineers are engaged and are working to identify and solve […]