Business News – Page 15 – Deltaplex News

What to know about the Trump administration’s deal with AI chipmakers

Monday, August 11 by ABC News

(WASHINGTON) -- AI chipmakers Nvidia and Advanced Micro Devices struck an extraordinary accord to pay the United States government 15% of the revenue the two companies are set to make from products sold in China, a White House official confirmed to ABC News.In exchange... Read More.

Why the stock market shrugged off weak data, recession fears

Friday, August 8 by ABC News

(NEW YORK) -- Weak jobs data came out hours before President Donald Trump fired the head of labor statistics. A report on gross domestic product indicated a slowdown of growth over the first half of the year. A sweeping round of tariffs hit nearly... Read More.

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Trump calls on Intel CEO to resign

Thursday, August 7 by ABC News

(WASHINGTON) -- President Donald Trump called on the CEO of Intel, Lip-Bu Tan, to resign "immediately.""The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!" the president... Read More.

OpenAI releases GPT-5, the latest model fueling ChatGPT

Thursday, August 7 by ABC News

(NEW YORK) -- OpenAI on Thursday released GPT-5, unveiling a new version of the artificial intelligence model that fuels popular chatbot ChatGPT. The product will be made immediately available to users, including customers who use the company's cost-free options, OpenAI said.The announcement comes days... Read More.

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Trump’s sweeping new tariffs take effect

Thursday, August 7 by ABC News

(WASHINGTON) -- President Donald Trump’s sweeping new tariffs finally took effect on Thursday, slapping levies on dozens of countries and risking price increases for a host of everyday goods.Tariffs between 10% and 41% were applied to nearly 70 countries beginning at 12:01 a.m. Thursday,... Read More.

About 3,200 Boeing jet and weapons workers begin strike

Monday, August 4 by ABC News

(ST. LOUIS) -- About 3,200 union members at Boeing facilities in Michigan and Illinois went on strike at midnight on Monday after rejecting an contract offer from the company, the union said.Local members of the International Association of Machinists and Aerospace Workers, who build... Read More.

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ABC starts broadcasting with new affiliate in Miami

Monday, August 4 by ABC News

(MIAMI) -- ABC began broadcasting with a new local affiliate in Miami on Monday, just months after Disney Entertainment struck an agreement with Sunbeam Television Corporation.Under the deal established in March, ABC Miami will broadcast ABC’s national sports, news and entertainment programming over-the-air on... Read More.

Hiring slowed in July as Trump’s tariffs fluctuated

Friday, August 1 by ABC News

(NEW YORK) -- Hiring slowed in July as President Donald Trump’s tariffs pinched the balance sheets of some major companies and reshaped the nation’s trade relationships. The reading fell short of economists' expectations.The U.S. added 73,000 jobs in July, according to data from the... Read More.

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Stocks tumble after Trump unveils sweeping new tariffs

Friday, August 1 by ABC News

(NEW YORK) -- U.S. stocks tumbled in early trading on Friday, just hours after President Donald Trump signed an executive order slapping new tariffs on dozens of countries. A weak jobs report worsened investor jitters, revealing a slowdown of hiring over recent months as... Read More.

What to know about Trump’s trade feud with India

Thursday, July 31 by ABC News

(WASHINGTON) -- President Donald Trump on Thursday sharply criticized India over its trade policy, escalating a series of attacks as the White House readies to ratchet up tariffs on the country.The Trump administration plans to slap 25% tariffs on Indian products and impose additional... Read More.

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Fed holds interest rates steady, defying Trump’s pressure

Wednesday, July 30 by ABC News

(WASHINGTON) -- The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to the central bank, calling for a rate cut.The central bank has defied Trump’s public criticism for months, adopting a wait-and-see approach as... Read More.

US economy grew more than expected as Trump’s tariffs took hold

Wednesday, July 30 by ABC News

(WASHINGTON) -- The U.S. economy expanded more than expected as President Donald Trump’s tariffs took hold over recent months, federal government data on Wednesday showed.U.S. gross domestic product, or GDP, increased at a 3% annualized rate over three months ending in June. The figure... Read More.

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