Business

Matteo Colombo/Getty Images (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, […]

Brandon Bell/Getty Images (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 […]

Win McNamee/Getty Images (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 […]

Win McNamee/Getty Images (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 […]

Spencer Platt/Getty Images (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 […]

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 […]

Roberto Schmidt/AFP via Getty Images (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 […]

Annabelle Gordon for The Washington Post via Getty Images (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 […]

Rainer Puster / EyeEm/Getty Images (NEW YORK) — China issued a warning on Wednesday night that it stands ready for any “type of war” with the United States in the aftermath of tariffs imposed hours earlier by the Trump administration. A spokesperson for the Chinese foreign ministry said the tariffs would not lead to a […]

The owner of Texas Cafe in Rio Grande City, Texas, Becky Garza, speaks with ABC News’ Mireya Villareal in December 2024. (Mireya Villareal) (RIO GRANDE CITY, TEXAS) — Emily Williams Knight, president and CEO of the Texas Restaurant Association, represents 58,000 restaurants that employ 1.5 million Texans. That breaks down to 11% of the state’s […]