Business News

(NEW YORK) -- Stock markets continued their slide on Friday morning, as the shockwaves of President Donald Trump's "Liberation Day" tariffs continued to reverberate around the globe.U.S. stock futures slipped further, with Dow Jones futures plummeting nearly 1,100 points -- or 2.68% -- on Friday morning. S&P 500 futures slid 137.5 points or 2.53% and NASDAQ futures were down 510.25 points or 2.73%.Global markets gave early signals of the difficult […]

(NEW YORK) -- Key foreign stock markets continued their slide after opening on Friday morning, as the shockwaves of President Donald Trump's "Liberation Day" tariffs continued to reverberate around the globe.Japan's Nikkei index lost 3.5% on Friday, while the broader Japanese Topix index fell 4.45%.In South Korea, the KOSPI index was down 1.7%, with the country grappling with both Trump's tariffs and the news that South Korea's Constitutional Court upheld […]

(NEW YORK) -- The Kentucky bourbon industry said it is reeling from retaliatory actions taken by Canada and the European Union in response to President Donald Trump's trade war against both global regions.More than 90% of the world's bourbon is from Kentucky, which advocates say is now jeopardized.Last month, the EU announced it plans to impose a 50% tariff on all American whiskey in response to Trump's decision to bring […]

(NEW YORK) -- U.S. stocks suffered major losses on Thursday at close of the first trading session after President Donald Trump's sweeping tariffs announcement.The Dow Jones Industrial Average plummeted 1,679 points, or nearly 4%, while the tech-heavy Nasdaq declined almost 6%.The S&P 500 tumbled 4.8%, marking its worst trading day since 2020.The selloff hammered shares of some major multinational corporations with supply chains abroad.Nike plummeted 14%, while Apple fell 9%. […]

(NEW YORK) -- U.S. stocks plunged in early trading on Thursday, just hours after President Donald Trump's sweeping tariffs announcement touched off threats of countermeasures from foreign leaders.The Dow Jones Industrial Average plummeted 1,100 points, or 2.6%, while the tech-heavy Nasdaq declined 4.3%.The S&P 500 tumbled 3.3%, setting it on pace for its worst trading day in more than two years.The selloff hammered shares of some major multinational corporations with […]

(Karl Tapales/Getty Imag) (NEW YORK) -- With the clock ticking on TikTok's deadline to sell or face a ban in the U.S., the battle to buy the app has intensified.Amazon has now sent a letter to the Trump administration to join the bidding war for TikTok, sources told ABC News.President Donald Trump said over the weekend there are lots of potential buyers and said he'd like to keep the app […]

(NEW YORK) -- Foreign stock markets tumbled on Thursday morning following President Donald Trump's announcement of a raft of tariffs on America's trade partners -- including a minimum baseline tariff of 10% on all nations.American trading partners reacted to Trump's tariffs announcement with condemnation and concern, warning that the measures could touch off a far-reaching and costly trade war.China -- hit with 34% tariffs on top of 20% tariffs Trump […]

Michael M. Santiago/Getty Images (NEW YORK) -- U.S. stocks stood essentially unchanged in trading on Wednesday hours before President Donald Trump's expected announcement of sweeping tariffs, which the White House has dubbed "Liberation Day."The Dow Jones Industrial Average ticked up 7points, or 0.02%, while the S&P 500 climbed 0.05%. The tech-heavy Nasdaq inched up 0.02%.Tesla, the electric carmaker led by billionaire Trump-advisor Elon Musk, fell nearly 2%. The stock decline […]

Artur Widak/NurPhoto via Getty Images (NEW YORK) -- Deliveries of Elon Musk's Tesla vehicles dropped about 13% compared to a year ago, according to a new release from the company. The decline comes amid criticism of Musk and increased competition.On Wednesday, Tesla reported it produced over 362,000 vehicles and delivered over 336,000 in the first quarter of 2025. That performance marked a decline compared to the same period one year ago, when […]