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Retail sales up a surprising 0.6% in June after a May pullback by consumers
After an earlier pullback, consumers picked up their spending in June showing resilience despite anxiety high over tariffs and the U.S. economy
July 17, 2025'Huge implications': What will happen to Sean 'Diddy' Combs' wealth?
The jury in the Combs trial began deliberations on Monday.
July 01, 2025Nursing homes struggle with Trump's immigration crackdown
Nursing homes around the U.S. say they're feeling the effects of President Donald Trump's immigration crackdown
July 10, 2025
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July 18
The EU targets Russia's energy revenue and shadow fleet with new sanctions over Ukraine war
The European Union is targeting Russia with more sanctions over its war on Ukraine
July 18
July 18
Trump’s tariff pressure pushes Asia toward American LNG, but at the cost of climate goals
Asian countries are offering to buy more U.S. liquefied natural gas to ease trade tensions with the Trump administration
July 18
July 18
World shares gain after Wall Street cruises to more records, helped by strong US retail sales
World shares have gained after Wall Street rose to records following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies
July 18
July 17
Trump offers regulatory relief for coal, iron ore and chemical industries
President Donald Trump is granting two years of regulatory relief to coal-fired power plants, chemical manufacturers and other industries as he seeks to reverse Biden-era regulations he considers overly burdensome
July 17
July 17
Federal Reserve's Waller says central bank should cut rates at next meeting
A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying ra...
July 17
July 17
After years of tough rules on liquids and footwear, US air travel may be on the cusp of a new era
Homeland Security Secretary Kristi Noem has hinted at possible changes to TSA's liquid restrictions
July 17
July 17
Federal Reserve says building renovation complies with law, defends costs
Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of its office complex in Washington complies with plans approved by a local commission, disputing a White House suggestion that they had violated the law by deviating from tho...
July 17
July 17
Netflix delivers another strong performance in second quarter while following a familiar script
Netflix on Thursday announced another quarter of steady growth built upon its video streaming service’s more than 300 million subscribers
July 17
July 17
How major US stock indexes fared Thursday, 7/17/2025
Wall Street rose to more records following some better-than-expected updates on the economy
July 17
July 17
Does an independent Federal Reserve really matter? Experts explain
Stocks tumbled this week after reports that Trump planned to fire the Fed chair.
July 17
July 17
Average long-term US mortgage rate rises to 6.75%, second straight uptick
The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospective homebuyers
July 17
July 17
US applications for jobless benefits fall again, hitting lowest level since April
The number of Americans filing for unemployment benefits fell last week to the lowest level in three months, a sign that the U.S. labor market remains sturdy despite fears over the impact of widespread U.S. tariffs
July 17
July 17
Retail sales up a surprising 0.6% in June after a May pullback by consumers
After an earlier pullback, consumers picked up their spending in June showing resilience despite anxiety high over tariffs and the U.S. economy
July 17
July 17
PepsiCo posts better-than-expected second quarter despite lower US sales
PepsiCo reported better-than-expected earnings and revenue in the second quarter despite sluggish North American sales
July 17
July 17
Families, kids most at risk of losing HUD housing with Trump’s proposed time limits
A Trump administration proposal could put more than a million low-income households at risk of losing their government-subsidized housing
July 17
July 17
Leaders of the UK and Germany to sign a treaty on defense, trade and migration
U.K. Prime Minister Keir Starmer and German Chancellor Friedrich Merz are signing a treaty Thursday to strengthen defense ties and combat migrant smuggling across the English Channel
July 17
July 17
Inside the high-stakes battle to win a New York City casino license
Eight projects are vying for a state license to operate a casino in the lucrative New York City market
July 17
July 16
Canada's Couche-Tard drops offer to buy Japanese 7-Eleven convenience stores
Canadian retail chain Alimentation Couche-Tard is dropping its proposal to acquire Seven & i Holdings Co_, the Japanese operator of the 7-Eleven convenience store chain, citing frustration in ongoing negotiations that showed what it called “a lack of c...
July 16
July 16
Federal utility backs off Tennessee gas plant site after John Rich says he enlisted Trump's help
The nation’s largest public utility says it is looking at other sites for a new natural gas power plant after its preferred location in Tennessee drew heavy public scrutiny, including from country musician John Rich
July 16
July 16
Whitmer says 'massive economic uncertainty' is to blame on semiconductor project failure in Michigan
A widely anticipated potential semiconductor project that would have brought a new plant to Michigan has fallen through and Gov. Gretchen Whitmer is blaming economic uncertainty
July 16
July 16
Inflation is rising but some experts says tariffs might not be the main culprit
Price increases accelerated in June, government data this week showed.
July 16
July 16
How major US stock indexes fared Wednesday, 7/16/2025
President Donald Trump sent the U.S. stock market on a jagged round trip after saying he had “talked about the concept of firing” the head of the Federal Reserve
July 16
July 16
The online gunseller with Donald Trump Jr. on its board makes its market debut. Shares plunge
Online firearms seller GrabAGun Digital Holdings, with the stock ticker “PEW,” made its market debut after board member and son of the U.S. president, Donald Trump Jr., rang the opening bell at the New York Stock Exchange
July 16
July 16
Labubu not the first toy craze, and certainly won't be the last
Pop Mart has struck it rich
July 16
July 16
US producer prices unchanged with wholesale inflation remaining under control
U.S. wholesale inflation cooled last month, despite worries that President Donald Trump’s tariffs would push prices higher
July 16
July 16
UK inflation rises by more than expected and may slow down rate cuts
UK inflation has risen to a near 18-month high in June as food prices surged for the third month running
July 16
July 16
Edmunds three-row hybrid SUV test: Kia Sorento vs Toyota Highlander
The Kia Sorento Hybrid and Toyota Highlander Hybrid are two strong choices for those willing to sacrifice some interior space, especially in the third row, for exceptional fuel economy and a lower price
July 16
July 16
World shares are mixed after US inflation update suggests tariffs are causing prices to rise
World shares are mixed after an update on U.S. consumer inflation suggested higher tariffs are causing prices to rise
July 16
July 16
How Trump could use a building renovation to oust Fed Chair Powell
President Donald Trump says he's finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project
July 16
July 15
France, UK and Germany to restore Iran sanctions if no progress on a deal
The United Kingdom, France and Germany have agreed to restore tough U.N. sanctions on Iran by the end of August if there has been no concrete progress on a nuclear deal
July 15
July 15
Cuban labor minister resigns after sparking backlash
Cuba’s Labor Minister Marta Elena Feitó Cabrera has resigned after controversial comments she made about poverty in the island nation
July 15
July 15
Inflation up 2.7% in June compared to last year
KPMG chief economist Diane Swonk breaks down the new June inflation report and dives into why prices increased even after President Donald Trump declared “inflation is dead.”
July 15
July 15
Markets are shrugging off Trump's tariffs. Experts explain why.
Stocks are hitting record highs, despite a flurry of new tariffs.
July 15
July 15
Senate votes to move ahead with Trump's request for $9 billion in spending cuts
Senate Republicans have advanced President Donald Trump’s request to cancel some $9 billion in previously approved spending
July 15
July 15
Inflation surged in June as Trump's tariffs took hold
A fresh report on Tuesday marked two consecutive months of rising inflation. ABC News' Alexis Christoforous reports.
July 15
July 15
JP Morgan posts strong 2nd quarter numbers; Dimon warns of tariff, geopolitical risk
JPMorgan’s second-quarter profit fell to $14.2 billion in second quarter, but the New York bank beat Wall Street expectations
July 15
July 15
Nissan to close its Oppama plant in Japan to cut costs
Nissan says it is closing its flagship factory in Oppama, Japan, to cut costs and moving all its production there to another plant in southwestern Japan
July 15
July 15
Australian and Chinese leaders seek to boost trade
Australian Prime Minister Anthony Albanese says he raised concerns with Chinese President Xi Jinping about a Chinese naval live-fire exercise near Australia
July 15
July 15
World shares are mostly higher although worries continue over Trump's tariffs
Shares have opened mostly higher in Europe following gains in Asian markets despite lingering worries about President Donald Trump’s latest updates to his tariffs
July 15
July 15
A Florida county leads the way with a high-tech 911 system
Collier County, Florida, uses one of the most advanced 911 systems in the U.S., allowing callers to send texts and videos
July 15
July 14
Nvidia's CEO says it has US approval to sell its H20 AI computer chips in China
Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used for artificial intelligence to China
July 14
July 14
U.S. inflation may have worsened last month as Trump's tariffs start to bite
Inflation likely accelerated in June as sweeping tariffs on nearly all imports may have pushed up prices for electronics, appliances, and other goods, economists forecast
July 14
July 14
Tesla's Autopilot system in spotlight at trial over student killed while stargazing
A federal court in Miami began considering Monday whether Elon Musk's car company should share blame for the death of a stargazing university student after a runaway Tesla sent her flying 75 feet through the air and severely injured her boyfriend
July 14
July 14
US imposes a 17% duty on Mexican tomatoes in hopes of boosting domestic production
The U.S. government says it's placing a 17% duty on most fresh Mexican tomatoes after negotiations ended without an agreement to avert the tariff
July 14
July 14
Why is the price of bitcoin hitting a record high? Experts explain.
Bitcoin surpassed $120,000 for the first time ever on Monday.
July 14
July 14
Bitcoin surpasses $120,000 for the 1st time
Crypto-friendly legislation made its way through Congress over the past month and investors displayed growing adoption of a new tool for investment in bitcoin.
July 14
July 14
World shares are mixed as investors focus on tariffs and earnings
World shares are mixed as investors focus on tariffs and corporate earnings updates
July 14
July 14
China's exports jump 5.8% in June as tariffs reprieve prompts a rush of orders
China has reported its exports accelerated in June as a reprieve on U.S. tariffs prompted a rush of orders by companies and consumers
July 14
July 14
India wants air conditioners to be made with milder temperature settings to save energy
The Indian government has proposed requiring the lowest temperature setting on all new air conditioners to be 20 Celsius, or 68 Fahrenheit
July 14
July 13
Search ends for those missing after Yemen's Houthi rebels sink ship in Red Sea
The search for those missing after Yemen’s Houthi rebels sank a ship in the Red Sea has ended as at least four people are presumed dead and 11 others remain unaccounted for
July 13