Business News

(NEW YORK) --U.S. stocks seesawed on Wednesday, swinging between gains and losses amid fears of a global trade war as China and the European Union slapped retaliatory tariffs on U.S. goods.The Dow Jones Industrial Average fell 60 points, or 0.7%, while the S&P 500 dropped 0.6%,The tech-heavy Nasdaq jumped 0.2%.Meanwhile, a selloff hit U.S. Treasury markets on Wednesday, sending bond yields higher and raising concern about a typical safe-haven asset […]

(NEW YORK) --U.S. stocks were mixed at the open of trading on Wednesday, extending days-long turmoil in markets as tit-for-tat tariffs between the U.S. and China heightened the risk of a global trade war and worsened fears of a recession.The Dow Jones Industrial Average opened down 315 points, or 0.8%, while the S&P 500 fell 0.4%.The tech-heavy Nasdaq ticked up 0.03%.Meanwhile, a selloff hit U.S. Treasury markets on Wednesday, sending […]

(TAIWAN) -- Asian stocks plunged during Wednesday's trading session after President Donald Trump's latest batch of sanctions on China came into force, helping wipe off Tuesday's limited gains and compounding a turbulent week for the world's key indexes.Trump's new measures increased the cumulative rate of tariffs on Chinese goods to 104% -- a move met with more condemnation in Beijing, where officials warned that China is ready to fight an […]

(WASHINGTON) -- After days of market tumult, President Donald Trump on Wednesday makes good on his long-sought goal of imposing aggressive tariffs against dozens of U.S. trading partners.But his gamble comes with major political risks for his legacy amid mounting concerns from Republicans and business leaders that's he's making a mistake by going too far in exacting economic retaliation.Chief among his new trade moves is a hefty 104% tariff rate […]

(WASHINGTON) -- President Donald Trump has repeatedly touted a drop in oil prices and borrowing costs as a sign that sweeping new tariffs bode well for the U.S. economy.Experts who spoke to ABC News largely rejected the notion, saying the trends indicate expectations of an economic slowdown that would diminish energy demand and send money flooding into bonds as safe-haven investments.A drop in oil prices and borrowing expenses could offset […]

Man Hei Leung/Anadolu via Getty Images (NEW YORK) -- U.S. stocks rose on Tuesday in a burst of investor optimism as the Trump administration signaled plans to negotiate with some countries targeted by sweeping new tariffs.The Dow Jones Industrial Average jumped 1,385 points, or 3.6%, while the tech-heavy Nasdaq increased 3.7%. The S&P 500 was up 3.3%.The move followed an upswing in markets worldwide.Asian markets opened in positive territory after […]

(WASHINGTON) -- The Trump administration is pulling back its enforcement of crypto regulations, disbanding a unit dedicated to cryptocurrency enforcementThe Justice Department instructed federal prosecutors to "no longer target virtual currency exchanges, mixing and tumbling services, and offline wallets for the acts of their end users or unwitting violations of regulations," according to a memo from the U.S. deputy attorney general reviewed by ABC News."The Department of Justice is not […]

Man Hei Leung/Anadolu via Getty Images (SEOUL) -- Asian markets opened up on Tuesday after posting significant losses on Monday driven by President Donald Trump's global tariffs campaign, with U.S. futures also rising slightly after a day of turmoil on Wall Street.As of early Tuesday morning, Dow Jones futures were up almost 2%, S&P 500 futures were up more than 1.5% and Nasdaq futures were up 1.3%.Japan's Nikkei index closed […]

(NEW YORK) -- As the world reels from tariffs instituted by the Trump administration, stock markets are widely in decline.On Friday, U.S. stock saw the worst decline since the COVID-19 pandemic began in 2020. But the declines last week did not rank among the worst crashes in the history of the U.S. stock markets.President Donald Trump said Sunday, "I don't want anything to go down, but sometimes you have to […]