Business News

Michael M. Santiago/Getty Images (NEW YORK) -- U.S. stocks slid on Thursday in the first trading since President Donald Trump announced 25% auto tariffs, escalating a global trade war and prompting forecasts of higher car prices.The Dow Jones Industrial Average fell 250 points, or 0.5%, while the S&P 500 dropped 0.5%. The tech-heavy Nasdaq declined 0.6%.Shares of major U.S. automakers plunged in early trading. General Motors dropped more than 8%, […]

NPR CEO Katherine Maher, PBS President & CEO Paula Kerger; Bill Clark/CQ-Roll Call, Inc via Getty Images (WASHINGTON) -- Republicans accused public media outlets NPR and PBS of bias at a House subcommittee hearing on Wednesday, while Democrats defended the organizations and criticized the event as a distraction from the ongoing controversy regarding the Trump administration's use the Signal messaging app for the communication of sensitive information.PBS President and CEO […]

(NEW YORK) -- President Donald Trump has vowed to issue a fresh round of tariffs on April 2, presenting it as an inflection point for the economy weeks after a previous set of duties roiled markets and incited recession fears.Trump has repeatedly referred to April 2 as "liberation day," saying a wide-ranging slate of reciprocal tariffs would rebalance U.S. trade relationships.Trump's plan for reciprocal tariffs next week, however, is expected […]

Drew Angerer/Getty Images (NEW YORK) -- New Mega Millions rules will come into play next month, the company has announced, under which the minimum jackpot value will more than double to $50 million.The new rules will come into force after the final drawing of the current game on Friday, April 4, the company said in a notice posted to its website. The first drawing under the new rules will be […]

(NEW YORK) -- With more high-rise buildings than anywhere else in the U.S., New York City has long been a place where millions of people hope to achieve the American dream through careers in the construction industry.While scores of construction workers are spending hours each day building the city's newest apartment buildings, office towers and restaurants from the ground up, these properties have also become the locations of the city's […]

97/Getty Images (NEW YORK) -- Consumer attitudes worsened in March as President Donald Trump's tariffs set off a market rout and warnings of a possible recession, Conference Board survey data on Tuesday showed. Sentiment worsened more than economists expected.The fresh data on consumer sentiment arrives a week before the onset of additional U.S. tariffs, indicating potential fear of further escalation in an ongoing global trade war.Trump has repeatedly referred to […]

Kevin Dietsch/Getty Images (WASHINGTON) -- Boeing is seeking to withdraw its guilty plea agreement with the Department of Justice in the criminal cases surrounding two deadly 737 MAX crashes, sources familiar with the matter told ABC News.The agreement blamed the aerospace giant for misleading the Federal Aviation Administration before the two crashes in October 2018 and March 2019 that killed 346 people in total.Boeing is seeking more lenient treatment from […]

(NEW YORK) -- Over the weekend, genetic testing and biotechnology company 23andMe filed for Chapter 11 bankruptcy.Founded in 2006, the company became popular with millions of Americans who sent in samples of saliva with the promise of learning about their ancestry and genetic health predispositions.However, following a class-action settlement from a data breach, the resignation of the entire board of independent directors, layoffs and its drug development division closure, the firm has experienced business troubles […]