Business News

Makoto Honda / 500px/Getty Images (WASHINGTON) -- President Donald Trump on Thursday threatened a 200% tariff on champagne and other alcohol products from the European Union, escalating a global trade war that has roiled markets and stoked recession fears.The move came a day after the EU announced plans to slap tariffs on $28 billion worth of U.S. goods, including a 50% tariff on whiskey. Those tariffs marked a response to […]

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. (NEW YORK) -- Stocks futures were again showing jitters early Thursday, after a reprieve for the S&P and NASDAQ on Wednesday amid President Donald Trump's trade war.A back-and-forth over international tariffs is hanging over the U.S. economy, along with a looming government shutdown with a deadline on Friday.Dow futures evened out ahead of Thursday's […]

(NEW YORK) -- Consumer prices rose 2.8% in February compared to a year ago, easing slightly over the first full month under President Donald Trump and offering welcome news for markets roiled by a global trade war. Inflation cooled more than economists expected.The major stock indexes climbed in early trading on Wednesday, minutes after the inflation report was released, but markets soon teetered amid an escalating trade war and recession […]

Spencer Platt/Getty Images (NEW YORK) -- U.S. stocks teetered in early trading on Wednesday, posting shaky performance amid an escalating global trade war and concerns about a possible recession.After some initial modest gains, the Dow Jones Industrial Average fell 330 points, or 0.8%, while the S&P 500 dropped 0.25%. The tech-heavy Nasdaq ticked up 0.25%.Trading opened minutes after a fresh inflation report showed price increases had eased more than expected […]

Spencer Platt/Getty Images (NEW YORK) -- U.S. stocks climbed in early trading on Wednesday, recovering some of the losses suffered in recent days amid an escalating global trade war and concerns about a possible recession.The Dow Jones Industrial Average jumped about 200 points, or 0.5%, while the S&P 500 increased 1%. The tech-heavy Nasdaq rose 1.5%.Trading opened minutes after a fresh inflation report showed price increases had eased more than […]

(NEW YORK) -- Consumer prices rose 2.8% in February compared to a year ago, easing slightly over the first full month under President Donald Trump and offering welcome news for markets roiled by a global trade war. Inflation cooled more than economists expected.Price increases slowed from a 3% inflation rate recorded in January, though inflation remain nearly a percentage point higher than the Federal Reserve's target of 2%.Egg prices, a […]

Spencer Platt/Getty Images (NEW YORK) -- Stocks futures traded slightly higher early Wednesday, following another volatile day for the market amid the continued rollout of President Donald Trump's tariffs on goods from top U.S. trading partners.Dow futures were higher by 189 points or 0.46%. Both the Nasdaq and S&P 500 also appeared ready to open narrowly higher on Wednesday.Traders are expected to be looking to Wednesday's inflation report for clues […]

(WASHINGTON) -- An inflation report to be released on Wednesday will provide a fresh gauge of economic performance under President Donald Trump as markets slide and recession fears swell in response to an escalating trade war.Economists expect the data to show that inflation eased in February.Consumer prices are expected to have risen 2.9% over the year ending in February, which would amount to a slight slowdown from a 3% rate […]

Li Hongbo / Feature China/Future Publishing via Getty Images (WASHINGTON) -- U.S. tariffs on imported steel and aluminum are now in effect, part of an escalating series of trade maneuvers by President Donald Trump that have unsettled markets.As of Wednesday, the U.S. is imposing 25% tariffs on all steel and aluminum imports from all trading partners with no exceptions or exemptions, according to an earlier statement by the White House.Products […]