Business

Matthias Balk/picture alliance via Getty Images (NEW YORK) — Alphabet’s Google illegally dominated two markets for online advertising technology, according to a federal judge. Judge Leonie Brinkema of the U.S. District Court for the Eastern District of Virginia said in a ruling Thursday that Google had broken the law to build its dominance over the largely invisible […]

manusapon kasosod/Getty (NEW YORK) — U.S. stocks closed down slightly on Tuesday as investors weathered ongoing uncertainty about President Donald Trump’s tariff plans. The Dow Jones Industrial Average ticked down 156 points, or 0.3%, at the close of trading. The S&P 500 fell 0.1%, while the tech-heavy Nasdaq declined 0.05%. The U.S. has received about […]

Marcus Wells, a barista at Float Coffee in Hollywood, Calif., speaks, April 8, 2025, about the impact the global tariff war will have on his business. KABC (NEW YORK) — Americans’ love affair with coffee and chocolate could soon get a lot more expensive. Baristas and confectioners say the beans they need to make their […]

Michael M. Santiago/Getty Images (NEW YORK) — U.S. stocks climbed on Friday, shrugging off new Chinese tariffs on American goods that intensified a trade war between the two largest economies in the world. The Dow Jones Industrial Average jumped 808 points, or 2%, while the S&P 500 surged 2.1%. The tech-heavy Nasdaq increased 2.1%. Meanwhile, a selloff of 10-year […]

Kevin Dietsch/Getty Images (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 […]

U.S. President Donald Trump visits a cryptocurrency-themed bar called Pubkey in the West Village on September 18, 2024 in New York City. (Photo by Spencer Platt/Getty Images) (WASHINGTON) — The Trump administration is pulling back its enforcement of crypto regulations, disbanding a unit dedicated to cryptocurrency enforcement The Justice Department instructed federal prosecutors to “no […]

(lvcandy/Getty Images) (NEW YORK) — U.S. stocks closed down significantly on Friday after a continued selloff amid fallout from President Donald Trump’s “Liberation Day” tariffs. The Dow Jones Industrial Average plummeted 2,230 points, or 5.5%, while the S&P 500 plunged 6%. The tech-heavy Nasdaq declined 5.8%. The decline put the Nasdaq into bear market territory, meaning […]

Chip Somodevilla/Getty Images (NEW YORK) — U.S. consumers are going on a tariff-induced shopping spree. From furniture, to appliances, to alcohol, Americans are rushing to buy before President Donald Trump’s sweeping tariffs are felt at the checkout counter. Economists say the tariffs are expected to increase prices for everyday items and many are now raising […]

Michael M. Santiago/Getty Images (NEW YORK) — U.S. stocks ticked higher on Thursday in the first trading since President Donald Trump announced 25% auto tariffs. The tariffs have escalated a global trade war and prompted forecasts of higher car prices. The Dow Jones Industrial Average climbed 20 points, or 0.05%, while the S&P 500 increased 0.25% […]

Spencer Platt/Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell stepped to the podium in August with a sunny forecast that defied the snow-capped mountains inscribed on curtains behind him. The central bank planned to begin cutting rates, Powell announced, reversing a yearslong battle against pandemic-era inflation. “The time has come,” Powell told the audience […]