Business News – Deltaplex News

Oil prices climb and stocks fall after Trump says he thinks Iran agreement ‘over’

Wednesday, July 8 by ABC News

(NEW YORK) -- Oil prices climbed and stocks tumbled in early trading on Wednesday after President Donald Trump said he believes an agreement with Iran is "over" amid an exchange of strikes in the Middle East.Brent crude, the benchmark measure for worldwide oil trading,... Read More.

Do heat waves damage the economy? Experts explain

Wednesday, July 8 by ABC News

(NEW YORK) -- A heat wave blanketed a vast swathe of the United States over the 4th of July weekend, threatening the health of tens of millions of people and the power supply for thousands of homes.A lesser-known risk of extreme heat, meanwhile, may... Read More.

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SpaceX joins the Nasdaq 100, clearing way for potential investment influx. Here’s what to know

Tuesday, July 7 by ABC News

(NEW YORK) -- Elon Musk-led rocket and AI company SpaceX joined the Nasdaq 100 on Tuesday, clearing the way for a potential influx of investment as funds pegged to the major index were expected to add the firm.SpaceX will all but certainly become... Read More.

Microsoft is laying off 4,800 workers: ‘AI is changing how work gets done’

Monday, July 6 by ABC News

(NEW YORK) -- Microsoft said on Monday it will lay off 4,800 employees and that the job cuts would be especially pronounced in its Xbox department.The layoffs will affect 2.1% of Microsoft's global workforce, Amy Coleman, executive vice president and chief people officer, said... Read More.

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Mortgage rates fall to lowest level since May

Thursday, July 2 by ABC News

(NEW YORK) -- Mortgage rates have dropped to their lowest level since May as negotiations between the United States and Iran ease financial markets.The average interest rate on a 30-year fixed mortgage stands at 6.43%, down from last week's rate of 6.49%,... Read More.

‘Revolution’: Fed Chair Kevin Warsh says US likely ‘big winner’ in AI race

Thursday, July 2 by ABC News

(NEW YORK) -- Federal Reserve Chair Kevin Warsh on Wednesday voiced optimism about artificial intelligence, describing the technology as a "paradigm shift" that would likely make the United States a "big winner in the medium-term.""We are in the first or second inning of this... Read More.

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Hiring worse than expected in June amid elevated inflation

Thursday, July 2 by ABC News

(NEW YORK) -- Hiring slowed markedly in June, falling short of economists' expectations and displaying a wobbly labor market amid elevated inflation set off by the Iran war.The U.S. added 57,000 jobs in June, according to the federal government's monthly jobs report, which marked... Read More.

What to know about the Social Security fix proposed by Sens. Elizabeth Warren and Bernie Moreno

Thursday, July 2 by ABC News

(NEW YORK) -- The Social Security fund will run out of money in as little as six years, a shorter time frame than previously estimated, according to a report released earlier this month by the programs' trustees.News of the funding cliff prompted a pair... Read More.

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How Mamdani-aligned House candidates say they plan to fight wealth inequality

Tuesday, June 30 by ABC News

(NEW YORK) -- A trio of progressive Democrats sharply criticized billionaires on their way to victory in House primaries in New York City.The clean sweep for candidates endorsed by far-left New York City Mayor Zohran Mamdani on Tuesday drew attention to economic populism as... Read More.

Global oil prices fall to lowest level since before the Iran War

Wednesday, June 24 by ABC News

(NEW YORK) -- Global oil prices on Wednesday fell to their lowest level since before the outbreak of the Iran war.Brent crude futures, the benchmark index for worldwide trading, dropped to $73.50 a barrel. That figure, which amounted to a nearly 5%... Read More.

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Alan Greenspan, longtime chairman of the Federal Reserve, dies at 100

Monday, June 22 by ABC News

(NEW YORK) -- Alan Greenspan, the longtime chairman of the Federal Reserve, has died, his wife confirmed. He was 100 years old."Alan passed away at our home this morning at the age of 100 from complications of Parkinson's Disease," Andrea Mitchell, his wife and... Read More.

Fed set to make interest rate decision as inflation hits 3-year hig

Tuesday, June 16 by ABC News

(WASHINGTON) -- The Federal Reserve is set to announce its latest decision on interest rates on Wednesday as the central bank weathers the highest inflation in three years.The announcement will mark the first possible adjustment of the benchmark interest rate since Trump nominee Kevin... Read More.

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