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Climate change is making coffee more expensive. Tariffs likely will too
Premium coffee roasters in the U.S. are reeling from the sharp price increases of coffee beans, which nearly doubled last year after record drought in Brazil
April 30, 2025Wall Street falls for a second day ahead of Federal Reserve meeting
Stocks are opening lower on Wall Street, led by more weakness in technology companies
May 05, 2025Number of Americans filing for jobless claims jumps last week
U.S. applications for jobless benefits jumped to their highest level in two months, but layoffs remain in a historically healthy range
May 01, 2025
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2 hours ago
UK and India sign a 'landmark' trade agreement after years of tough negotiations
Britain and India have agreed on a long-stalled free trade agreement that will reduce or eliminate tariffs on Scotch whisky and scores of other products
2 hours ago
May 06
Trump critics launch new group to highlight rising costs
A bipartisan group of President Donald Trump’s critics is launching a new organization, dubbed the Cost Coalition, to highlight Trump’s struggle to control rising costs in the early months of his new presidency
May 06
May 06
A Nebraska bill would criminalize hemp-based THC. Opponents say it could make grandma a felon
A bill winding its way through the Nebraska Legislature would criminalize the sale and possession of an array of products containing hemp-based THC
May 06
May 05
Wall Street falls for a second day ahead of Federal Reserve meeting
Stocks are opening lower on Wall Street, led by more weakness in technology companies
May 05
May 05
Threatened by Trump tariffs, Japan walks a delicate tightrope between US and China
Among all U.S. allies being wooed by Beijing in its tariff stare-down with Washington, Japan stands out as a peculiar case
May 05
May 05
Trump's movie tariffs may be a 'disaster': Experts
Trump proposed a 100% tariff on films produced abroad on Sunday.
May 05
May 05
Mattel plans to raise prices on some toys to offset tariff costs
Mattel Inc. says it will have to raise prices for some products sold in the U.S. “where necessary” to offset higher costs related to President Donald Trump’s tariffs
May 05
May 05
Trump says he'll slap 100% tariff on all movies produced overseas
President Donald Trump is taking aim at the film industry, saying in a post on Truth Social on Sunday that he is instituting a 100% tariff on all movies produced overseas.
May 05
May 05
New York Times wins 4 Pulitzers, New Yorker 3; Washington Post wins for coverage of Trump shooting
The New York Times won four Pulitzer Prizes and The New Yorker three for journalism in 2024
May 05
May 05
States sue Trump administration for blocking the development of wind energy
A coalition of state attorneys general has filed a lawsuit against President Donald Trump’s attempt to stop the development of wind energy
May 05
May 05
Sunoco buys Canadian gas and convenience store chain Parkland for about $9.1B
Sunoco is buying Canada’s gas station and convenience store chain Parkland in a cash-and-stock deal valued at approximately $9.1 billion, expanding its footprint north of the border
May 05
May 05
Shoemaker Skechers to be acquired for $9 billion and taken private by 3G Capital
Skechers is being acquired for $9 billion and taken private by the investment firm by 3G Capital
May 05
May 05
Trump is swiftly undoing transgender protections in HUD’s housing policies
The Trump administration is swiftly remaking housing policy as the U.S. Department of Housing and Urban Development retreats from long-established fair-housing protections for transgender people
May 05
May 05
Buffett to stay chair as Abel becomes Berkshire CEO in 2026
Billionaire Warren Buffett will remain chairman of Berkshire Hathaway after Greg Abel takes over as CEO at the start of the new year
May 05
May 05
Copper cable theft in Spain delays thousands of high-speed rail passengers
Spanish authorities say that thousands of rail passengers in Spain have been hit with delays after copper cables used in the signaling system of a high-speed line traveling south from Madrid to Seville were stolen at five locations
May 05
May 04
Oil prices drop $2 with most Asian markets closed for holidays
Stocks are opening lower on Wall Street and crude prices are falling to a four-year low after the OPEC+ group of oil-producing nations said it plans to increase output
May 04
May 04
Trump threatens a 100% tariff on foreign-made films, saying the movie industry in the US is dying
President Donald Trump is opening a new salvo in his tariff war, targeting films made outside the United States
May 04
May 04
'Thunderbolts*' kicks off the summer movie season with $76 million at the box office
Marvel Studios’ “Thunderbolts” opened with $76 million in domestic ticket sales
May 04
May 04
25% tariffs on cars and car parts are in effect
Most auto part imports now have a 25% import tax which started at 12:01 a.m. ET on Saturday.
May 04
May 03
Who is Greg Abel, the executive picked to be successor to Warren Buffett?
When Warren Buffett announced at his annual shareholder meeting that he is stepping down as CEO of Berkshire Hathaway at the end of the year, he elevated a 62-year-old Canadian executive named Greg Abel who has long been one of his top lieutenants
May 03
May 03
United cuts 35 daily flights at Newark, citing shortage of air traffic controllers
Flights at Newark Liberty International Airport face long delays, cancellations.
May 03
May 03
Why economists say Trump's claim of falling grocery, gas prices is misleading
"Prices are still going up," one expert said.
May 03
May 03
Warren Buffett shocks shareholders, says he will retire at the end of the year
Warren Buffett shocked an arena full of his shareholders by announcing that he wants to retire at the end of the year
May 03
May 03
Why 'super wagons' are getting all the attention
"A super wagon is fan service to your most loyal owners."
May 03
May 02
By The Numbers: Collections on federal student loans to restart May 5
A look at the numbers behind student loan debt as collections are set to resume Monday at the behest of the Trump administration and Department of Education after a 5-year hiatus since the pandemic.
May 02
May 02
Steelmaker Cleveland Cliffs to idle 3 steel plants in Pennsylvania and Illinois
Steelmaker Cleveland-Cliffs will indefinitely idle three steel plants this summer
May 02
May 02
Federal Reserve likely to defy Trump, keep rates unchanged this week
The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs
May 02
May 02
Musk's next task? Reviving Tesla in Europe where sales have plunged by more than half in a year
Tesla sales plunged by more than half last month in several European countries in a sign that Elon Musk could struggle to revive the company after he shifts from his Washington work to running the automaker again
May 02
May 02
Amid Cinco de Mayo celebrations, a tax on Mexican tomatoes looms
Guacamole has been spared from tariffs for now
May 02
May 02
Trump administration asks Supreme Court to let DOGE access Social Security systems
The Trump administration is asking the Supreme Court to clear the way for Elon Musk’s Department of Government Efficiency to access Social Security systems containing personal data on millions of Americans
May 02
May 02
Stocks soar on new jobs report data
ABC News' Alexis Christoforous weighs in on the market as the S&P 500 has been up for nine consecutive days with the better than expected jobs report being a driving force.
May 02
May 02
How major US stock indexes fared Friday, 5/2/2025
Wall Street extended its gains to a ninth straight day, marking its longest winning streak since 2004 and reclaiming the ground it lost since President Donald Trump escalated his trade war in early April
May 02
May 02
Six Flags America in Maryland to close at the end of 2025 season
After more than a quarter century, Six Flags America and Hurricane Harbor will close at the end of this season
May 02
May 02
Baby tech company 'Nanit' fight back on baby product tariffs
Nanit CEO Anushka Salinas breaks down the anticipated cost increases tariffs will have on products for babies.
May 02
May 02
Economist reacts to April jobs report
KPMG Chief Economist Diane Swonk discusses the April jobs report that was released on Friday.
May 02
May 02
Collections on defaulted student loans may affect millions of people's credit scores
Defaulted student loans will be sent for collections starting on May 5.
May 02
May 02
Worlds collide: R.E.M. rereleases 'Radio Free Europe' single to benefit the threatened news service
The rock band R
May 02
May 02
Hiring slowed in April amid turmoil set off by 'Liberation Day' tariffs
Recession fears are mounting on Wall Street.
May 02
May 02
Hiring slowed in April amid turmoil set off by 'Liberation Day' tariffs
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 slowdown from 228,000 jobs added in the previous month.
May 02
May 02
White House will unveil Trump's 2026 budget, his first since returning to power
The White House plans to unveil President Donald Trump’s 2026 budget, his first since returning to power
May 02
May 02
TikTok hit with 530M euro privacy fine in investigation into China data transfer
European Union privacy watchdogs have fined TikTok 530 million euros
May 02
May 02
Japan's finance minister calls US Treasury holdings 'a card' in tariff talks with Trump
Japan’s finance minister says the nation’s massive holdings of U.S. Treasurys can be “a card on the table” in negotiations over tariffs with the Trump administration
May 02
May 02
Nigel Farage takes aim at the UK's dominant parties with hefty gains in local elections
The hard-right party Reform UK led by Nigel Farage has won a seat in Parliament and hundreds of council in local elections across England
May 02
May 02
Wall Street extends its gains to a 9th straight day, reclaiming losses since tariff escalation
Wall Street extended its gains to a ninth straight day, marking its longest winning streak since 2004 and reclaiming the ground it lost since President Donald Trump escalated his trade war in early April
May 02
May 02
Los Angeles homeowners begin to rebuild after devastating wildfires
Nearly four months after wildfires reduced thousands of Los Angeles-area homes to rubble and ash, some residents are starting to rebuild
May 02
May 01
Submarine designers say they'll strike on May 18 if contract deal isn't reached
About 2,500 workers at submarine builder Electric Boat shipyard in Connecticut plan to strike on May 18 if a tentative contract agreement is not reached with the submarine builder
May 01
May 01
Home ownership further out of reach as rising prices widen affordability gap
Home ownership is receding further out of reach for most Americans as elevated mortgage rates and rising prices stretch the limits of what buyers can afford
May 01
May 01
Major US companies sound the alarm on tariffs
During a White House press briefing Thursday morning, Deputy Chief of Staff Stephen Miller downplayed the impact tariffs would have on prices for consumers.
May 01
May 01
US House votes to block California's nation-leading vehicle emissions rules
The U.S. House has voted to block California's vehicle emission standards
May 01
May 01
Amazon reports solid first quarter profit and sales growth, but outlook is tempered by tariff uncertainty
Amazon reports solid first quarter profit and sales growth, but outlook is tempered by tariff uncertainty
May 01