Business News – Page 7 – Deltaplex News

Trump’s 10% global tariff takes effect

Tuesday, February 24 by ABC News

(NEW YORK) -- A 10% global tariff took effect on Tuesday, marking the first duty enacted by President Donald Trump after a recent Supreme Court decision invalidated most of his levies.Within hours of the high court's ruling on Friday, Trump signed an executive order... Read More.

Stocks tick lower after Trump ratchets up tariffs

Monday, February 23 by ABC News

(NEW YORK) -- Stocks slid on Monday morning in the first trading session since President Donald Trump announced a new 15% tariff on most imported goods, intensifying his effort to impose levies that were struck down by the Supreme Court.The Dow Jones Industrial Average... Read More.

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US economy slowed more than expected at end of 2025

Friday, February 20 by ABC News

(NEW YORK) -- The U.S. economy slowed more than expected over the final months of 2025, federal government data on Friday showed.The economy grew at an annualized rate of 1.4% in the fourth quarter in the government's initial estimate, marking a cooldown from blistering-hot... Read More.

What is Section 230? Landmark social media lawsuit spotlights legal shield

Friday, February 20 by ABC News

(LOS ANGELES) -- A landmark trial over social media addiction has drawn fresh scrutiny to a decades-old legal shield: Section 230.The case, which began last Monday in Los Angeles County Superior Court, centers on claims against Meta -- the parent company of Facebook and... Read More.

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Mark Zuckerberg set to take the stand in landmark trial over social media addiction claims

Wednesday, February 18 by ABC News

(WASHINGTON) -- Mark Zuckerberg is set to testify Wednesday in a landmark Los Angeles trial alleging that major social media platforms were intentionally designed to be addictive for children and teens.The case, which began last Monday in Los Angeles County Superior Court, centers on... Read More.

‘On the right path’: Housing market offers glimmers of hope, some analysts say

Wednesday, February 18 by ABC News

(NEW YORK) -- A thaw in the housing market may deliver relief for homebuyers left out in the cold over recent years, analysts told ABC News.After the pandemic, a rapid rise in home prices coincided with stubbornly high mortgage rates, shutting out potential buyers.Glimmers... Read More.

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Valentine’s Day shoppers face soaring chocolate prices

Friday, February 13 by ABC News

(NEW YORK) -- Valentine's Day shoppers may feel jilted by runaway chocolate prices.Chocolate prices soared 14.4% over the initial weeks of 2026 when compared to the same period a year earlier, nearly doubling the pace of price increases at the start of 2025, according... Read More.

Inflation cooled in January, dropping to lowest level in 9 months

Friday, February 13 by ABC News

(NEW YORK) -- nflation cooled in January, dropping price increases to their lowest level in nine months, new data from the Bureau of Labor Statistics showed. The lower-than-expected reading defied fears of a tariff-induced hike in overall costs.Prices rose 2.4% in January compared... Read More.

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Hiring increased sharply at outset of 2026, blowing past economists’ expectations

Wednesday, February 11 by ABC News

(NEW YORK) -- Hiring increased sharply at the outset of 2026, the year's first jobs report said, blowing past economists' expectations and besting sluggish performance from the previous year.The U.S. added 130,000 jobs in January, according to the report, which marked a sharp... Read More.

EEOC alleges anti-white discrimination at Nike, seeks court enforcement of subpoena

Friday, February 6 by ABC News

(WASHINGTON) -- The federal agency that investigates workplace discrimination is seeking court enforcement of a subpoena it has issued to Nike as it pursues allegations that the athletic apparel maker has been discriminating against its white employees in its corporate diversity policies. The Equal... Read More.

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Bitcoin plunges to lowest level since October 2024

Friday, February 6 by ABC News

(NEW YORK) -- The price of bitcoin plunged more than 10% on Thursday, sinking the world's largest cryptocurrency to its lowest level since October 2024 and erasing sizable gains made since then.That was weeks before the election of President Donald Trump, a Read More.

Dow closes above 50,000 for the first time ever

Friday, February 6 by ABC News

(NEW YORK) -- The Dow Jones Industrial Average closed above 50,000 for the first time ever on Friday.A surge in markets reversed a selloff that hammered tech stocks earlier in the week.The Dow closed up 1,206 points, or 2.4%, while the S&P 500... Read More.

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