Business News

(NEW YORK) -- U.S. stocks dropped in early trading on Monday, suffering widespread losses a day after President Donald Trump declined to rule out the possibility of a recession.The Dow Jones Industrial Average fell 515 points, or 1.2%; while the S&P 500 declined 1.4%. The tech-heavy Nasdaq plummeted nearly 2%.Tesla, the electric carmaker led by Elon Musk, sank nearly 6%. United Airlines and Delta each fell more than 5.5%.The selloff […]

(NEW YORK) -- For the last 130 years, four generations of Ernest Lepore's family have baked the pastries – cream puffs, cannoli, sfogliatelle – that have come to define Manhattan's Little Italy neighborhood, withstanding wars, economic downturns and drastic changes to the neighborhood that his family calls home.But with the soaring cost of eggs – a staple ingredient in nearly half their products – it's becoming increasingly difficult for Ferrara […]

(WASHINGTON) -- The U.S. added fewer jobs than economists expected in February, the first full month under President Donald Trump, according to government data released on Friday.Employers hired 151,000 workers last month, falling short of expectations of 170,000 jobs added. The unemployment rate ticked up to 4.1%, which remains a historically low figure.Stock market futures appeared to shrug off the disappointing report. Each of the three major stock indexes ticked […]

(WASHINGTON) -- A fresh jobs report to be released on Friday will offer a snapshot of U.S. economic performance over the first full month under President Donald Trump.Economists expect employers to have hired 170,000 workers in February. That figure would mark a slight uptick from 143,000 jobs added in January, and it would nearly match the average number of jobs added each month last year.The unemployment rate is expected to […]

(NEW YORK) -- President Donald Trump on Thursday announced a one-month delay of tariffs on some products from Mexico.The temporary exemption will lift tariffs for all Mexican goods compliant with United States-Mexico-Canada Agreement, or USMCA, a free trade agreement.The announcement came after a conversation between Trump and Mexican President Claudia Sheinbaum, Trump said."Our relationship has been a very good one, and we are working hard, together, on the Border, both […]

Spencer Platt/Getty Images (NEW YORK) -- U.S. stocks tumbled in early trading on Thursday as fallout from the Trump administration's tariffs continued to roil markets.The Dow Jones Industrial Average dropped about 400 points, or nearly 1%, while the S&P 500 fell 1.3%. The tech-heavy Nasdaq sunk 1.8%.The selloff erased some of the market gains delivered a day earlier after President Donald Trump gave U.S. automakers a one-month reprieve from the […]

(NEW YORK) -- The stock market surged on Wednesday afternoon after the Trump administration granted automakers a one-month exemption from tariffs imposed a day earlier.The Dow Jones Industrial Average climbed about 550 points, or 1.3%; while the S&P 500 jumped 1.25%. The tech-heavy Nasdaq increased 1.5% on Wednesday.Press Secretary Karoline Leavitt said President Donald Trump had ordered the delay of auto tariffs after a request from the Big 3 U.S. […]

(NEW YORK) -- President Donald Trump criticized Canada on Wednesday for what he described as failure to take the steps necessary for the United States to withdraw tariffs imposed a day earlier.Trump said he held a call with Canadian Prime Minister Justin Trudeau on Wednesday during which the two leaders discussed a path to U.S. withdrawal of the tariffs, Trump said, noting such an outcome would require sufficient action by […]

(NEW YORK) -- Price hikes for gasoline and groceries could reach shoppers within days in the aftermath of tariffs imposed by the Trump administration, experts told ABC News.Some products such as auto fuel and fresh produce will be hit with near-instant price increases, while others like cars, laptops and children’s toys will show hikes in the coming weeks and months, they said.The Trump administration imposed 25% tariffs on goods from Mexico and Canada, as well […]