Business News – Page 3 – Deltaplex News

Im in ruins, teary Mike Lindell tells judge in Smartmatic sanctions hearing

Thursday, April 17 by ABC News

(WASHINGTON) -- Election denier and MyPillow CEO Mike Lindell continues to refuse to pay more than $50,000 in sanctions he has been ordered to pay to voting software company Smartmatic over "frivolous" election claims -- alleging he's left with no money after numerous legal... Read More.

Fed Chair Powell sounds alarm on tariffs, sending stocks lower

Wednesday, April 16 by ABC News

(WASHINGTON) -- Federal Reserve Chair Jerome Powell said Wednesday that he expects President Donald Trump's tariffs policy to cause higher inflation and slower economic growth, complicating potential central bank efforts to ease the fallout."The level of the tariff increases announced so far is significantly... Read More.

US stocks close down slightly amid tariff uncertainty

Tuesday, April 15 by ABC News

(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... Read More.

US stocks little changed amid tariff uncertainty

Tuesday, April 15 by ABC News

(NEW YORK) -- U.S. stocks were little changed in early trading on Tuesday, a day after President Donald Trump signaled a willingness to ease some tariffs but also impose new ones.The Dow Jones Industrial Average ticked up 52 points, or 0.1%. The S&P 500... Read More.

Meta claims it has no monopoly as landmark antitrust trial gets underway

Tuesday, April 15 by ABC News

(WASHINGTON) -- Lawyers for Meta told a federal judge on Monday that the social media company founded by billionaire Mark Zuckerberg is not a monopoly, countering a landmark lawsuit brought against it by the Federal Trade Commission accusing the tech giant of gobbling up... Read More.

Global stock markets up amid Trump tariffs exemptions for electronics

Monday, April 14 by ABC News

(NEW YORK) -- Major stock markets in Asia and Europe rose in Monday trading following the U.S. announcement that key consumer electronics would be temporarily exempted from President Donald Trump's reciprocal tariffs.Hong Kong's Hang Seng index led the regional gains, closing 2.4% up with... Read More.

US stocks climb, shrugging off China trade war and consumer fears

Friday, April 11 by ABC News

(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%.... Read More.

Stocks wobble as new Chinese tariffs on US goods intensify trade war

Friday, April 11 by ABC News

(NEW YORK) -- U.S. stocks seesawed between gains and losses in early trading on Friday as new Chinese tariffs on American goods intensified a trade war between the two largest economies in the world.The Dow Jones Industrial Average dropped 103 points, or 0.25%, while... Read More.

Baristas, chocolatiers caught in trade war cross fire

Friday, April 11 by ABC News

(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 products are mostly grown in countries targeted by the Trump administration's tariffs.According to the U.S. Department... Read More.

Stocks slip as new Chinese tariffs on US goods intensify trade war

Friday, April 11 by ABC News

(NEW YORK) -- U.S. stocks inched lower in early trading on Friday as new Chinese tariffs on American goods intensified a trade war between the two largest economies in the world.The Dow Jones Industrial Average dropped 96 points, or 0.25%, while the S&P 500... Read More.

Trumps tariffs still risk inflation and recession as China trade war looms, experts say

Thursday, April 10 by ABC News

(WASHINGTON) -- President Donald Trump's decision to pause so-called "reciprocal tariffs" for most countries triggered a historic stock market rally on Wednesday, but the levies that remain in place are still expected to hike prices and put the U.S. at risk of a recession,... Read More.

Inflation cooled but egg prices soared in March, before Trumps tariff escalation

Thursday, April 10 by ABC News

(NEW YORK) -- Consumer prices rose 2.4% in March compared to a year ago, marking a cooldown during a period that preceded the recession warnings and market turmoil following President Donald Trump's recent escalation of tariffs. The reading came in lower than economists expected.Even... Read More.

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