Business

(WASHINGTON) — President Donald Trump on Friday voiced a willingness to ease tariffs on China, saying on social media it “seems right” to slash levies from 145% to 80%. The announcement arrives a day before Treasury Secretary Scott Bessent is set to begin trade negotiations with Chinese officials at a meeting in Geneva, Switzerland. The […]

Mortgage rates have dropped over the early months of 2025, offering homebuyers an opportunity for some borrowing relief if they move ahead with the big-ticket purchase. The housing market remains sluggish and wider economic uncertainty looms, however. President Donald Trump’s tariffs threaten to upend global trade and tip the U.S. into a downturn, experts said. […]

(WASHINGTON) — The Federal Reserve held interest rates steady on Wednesday, just weeks after President Donald Trump intensified calls for lower borrowing costs and voiced eagerness about the potential “termination” of Fed Chair Jerome Powell. In recent days, Trump has dialed back his attacks on Powell, saying he will not fire Powell before the end […]

(FRANKFORT, KY) — Kentucky’s bourbon industry faces potential devastation as President Donald Trump’s latest tariff dispute with Canada threatens to halt $43 million in annual whiskey exports. During Tuesday’s Oval Office meeting with Canadian Prime Minister Mark Carney, Trump maintained his hard stance on tariffs, declaring that Canada would need to make significant concessions to […]

(WASHINGTON) — The Federal Reserve on Wednesday is set to announce its first decision on the level of interest rates since President Donald Trump last month intensified calls for lower borrowing costs and voiced eagerness about the potential “termination” of Fed Chair Jerome Powell. In recent days, Trump has dialed back his attacks on Powell, […]

(WASHINGTON) — President Donald Trump late Sunday proposed a 100% tariff on foreign-made films, saying the policy would counteract financial incentives that have drawn Hollywood productions overseas. “WE WANT MOVIES MADE IN AMERICA, AGAIN!” Trump said in a post on social media. Movie studios have increasingly moved production abroad in recent years as a means […]

(NEW YORK) — Think your giant sport-utility vehicle is cooler than the middling station wagon? Think again. German automaker BMW recently entered the U.S. “super wagon” category with its high performance M5 Touring, a ludicrously fast family hauler (starting price $121,500) that can smoke a two-seater sports car on a racetrack — again and again. […]

(NEW YORK) — Hiring slowed but remained robust in April following President Donald Trump’s “Liberation Day” tariff announcement early last month, fresh data on Friday showed. The reading exceeded economists’ expectations. The U.S. added 177,000 jobs in April, according to data from the U.S. Bureau of Labor Statistics. That figure marked solid growth but a […]

(NEW YORK) — President Donald Trump’s administration is set to begin collecting defaulted student loan payments next week — which could harm the credit scores of millions of borrowers. Roughly 5 million borrowers will have their university and college loans sent for collections beginning May 5, the Department of Education said last month. When that […]

(WASHINGTON) — Government data to be released on Wednesday is expected to show a sharp economic slowdown over the initial months of President Donald Trump’s second term as a flurry of tariff proposals stoked uncertainty among businesses and consumers, analysts told ABC News. The measure of gross domestic product, or GDP, will likely be lowered […]