Business News

A lawyer has argued in a London Court that global mining giant BHP should be held liable for Brazil’s worst environmental disaster 10 years ago when a dam collapse released toxic mining waste that killed 19 people and devastated villages

Gucci has announced that the Balenciaga artistic director Demna, who goes by one name, will take over the creative direction of the Italian luxury fashion house starting in July

The announcement came in response to tariffs issued by the European Union.

Discount carrier Spirit Airlines has emerged from bankruptcy protection

The average rate on a 30-year mortgage in the U.S. edged higher this week, ending a seven-week slide that helped ease borrowing costs for home shoppers just in time for the spring homebuying season

The Food and Drug Administration is asking retailers to remove a small number of acne creams from their shelves that contain slightly elevated levels of a chemical linked to cancer

A train has slammed into a minibus that was crossing the tracks in an unauthorized location in norther Egypt, killing at least eight people and leaving 12 injured

The Federal Trade Commission has walked back comments that a lack of resources is interfering with the agency’s ability to be ready for a September trial over Amazon’s Prime program

Market downturn followed tariff threat issued by Trump on Thursday.

ABC News’ Alexis Christoforous reports on the announcement from President Trump, which came in response to tariffs issued by the European Union.

Donatella Versace has been replaced as creative director of the fashion house founded by her late brother Gianni Versace, assuming the new role of chief brand ambassador, Versace’s U.S. owner Capri Holdings announced on Thursday

The number of Americans filing for unemployment benefits fell slightly last week, indicating a still-healthy U.S. labor market

Facebook and Instagram parent company Meta Platforms Inc. says it will launch its crowd-sourced fact-checking program, called Community Notes, on March 18

Finland has announced a new arms package for Ukraine amounting to around 200 million euros ($217 million) and pledged more defense cooperation with Kyiv

U.S. President Donald Trump threw a curve ball at China by linking the fentanyl issue to his tariffs on imports

Canada’s Alimentation Couche-Tard has reiterated its determination to acquire Seven & i Holdings, although the operator of Japan’s top convenience store chain has rejected its offer

Asian shares are mostly lower despite a rebound on Wall Street fueled by an encouraging inflation update

Economists were pleased today by the latest inflation numbers, so why does it still feel like there’s a hole in your pocket?

Struggling chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a succession of CEOs to attempt to turn around the company that helped define Silicon Valley

Trump touted the inflation report as "very good news."

U.S. stocks mostly rose after getting some relief from an encouraging inflation update

An escalating global trade war hammered markets in recent days.

Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.5%, a move that will raise the cost of living

About 50 cars and trucks that are part of Ford's Heritage Fleet are on display in Dearborn, Michigan

A lawyer for the Federal Trade Commission says the agency needs to seek a trial delay in a case against Amazon due to staffing and budgetary challenges

The Trump administration on Wednesday announced it will reconsider the reach of the nation’s bedrock clean water law and likely further limit the wetlands it covers

Lawyers representing four Indonesian fishermen say they were beaten and trapped on vessels that were part of the global supply chain that provided tuna to Bumble Bee Seafoods

Incoming Canadian Prime Minister Mark Carney says he’s ready to meet with U.S. Donald Trump if he respects Canadian sovereignty and is open to talk about a common approach to trade

Inflation cooled last month though trade war threatens to lift prices

Ukrainian and Polish officials say U.S. arms deliveries to Ukraine have resumed

British Prime Minister Keir Starmer has expressed disappointment over the decision of the Trump administration to impose tariffs on global steel and aluminum imports

The European Union has announced retaliatory trade action with new duties on U.S. industrial and farm products

Asian shares are trading mixed as investors weigh the impact of President Donald Trump’s tariffs, after another day of losses on Wall Street

President Donald Trump in recent days has dismissed fears of a recession and brushed aside the stock market sell-off, going so far as to say, “You can’t really watch the stock market.”

The Associated Press has obtained a document showing that the Trump administration is halting a $1 billion program that helps preserve affordable housing

A more than 40-mile long conveyor belt filled with sand stretches from the oil fields of West Texas to New Mexico, all for the purpose of one mission: oil production

President Donald Trump is openly challenging U.S. allies by increasing tariffs on all steel and aluminum imports to 25% as he vows to take back wealth he says was “stolen” by other countries, drawing quick retaliation from Europe and Canada

Australian Prime Minister Anthony Albanese says U.S. tariffs on Australian steel and aluminum are unjustified, but his government will not retaliate with its own tariffs

Yemen’s Houthi rebels have warned shippers that “any Israeli vessel” traveling through nearby Mideast waters is now a target as Israel continues to block aid to the Gaza Strip

The threatened tariff was the latest salvo in a rapidly escalating trade war.

The word "recession" seems to be popping up a lot lately. Economic uncertainty stemming from President Donald Trump's tariffs on Canada, Mexico and China have fueled the biggest stock market selloff in years, and now some economists are putting the likelihood of entering a recession by next year between 20% and 40%. The topic is clearly on people's minds: Google Trends data shows "recession" searches were recently up 1,200% in the United States. Here are some answers to the Top 3 most frequently searched questions regarding recessions. What is a recession? While there is no single universally accepted definition, two consecutive quarters of negative growth is widely considered a recession. A nonprofit, nonpartisan organization called the National Bureau of Economic Research determines when the U.S. economy is in a recession, based on a number of factors including economic growth, employment, industrial production, consumer spending and retail sales. Recessions are typically...

U.S. inflation slowed last month for the first time since September even as additional tariffs on steel and aluminum kicked in Wednesday that could send prices higher

Bookings initially fell after the deadly Jan. 29 midair crash over D.C.

President Donald Trump vowed to help Elon Musk and check out a Tesla for a possible purchase as the company's stock takes a nosedive.

The selloff on Tuesday extended losses suffered a day earlier.

Brazil’s aviation agency has suspended the operating license for local airline Voepass, citing security risks as an investigation continues into a deadly crash in August

President Donald Trump says he's buying a Tesla to show loyalty to company CEO Elon Musk

A Canadian man has been sentenced to 25 years in prison for shootings at an oil pipeline and an electrical substation in the Dakotas after a judge found that his crimes met the definition of terrorism

ABC News’ Alexis Christoforous on what you need to know about preparing for a potential recession.

Indian telecom operator Bharti Airtel says it has signed a deal with Elon Musk’s Starlink to explore providing the U.S. satellite internet giant’s services to customers in India, depending on government approval