Author: Max Zahn

Oil prices soared on Friday as Israel and Iran exchanged attacks, making it all but certain that gasoline prices would rise for U.S. drivers within days, industry analysts told ABC News. The back-and-forth strikes stoked concern among investors about a possible wider conflict across the Middle East, which accounts for a large share of global […]

Oil prices fell and stocks climbed in early trading on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict. The Dow Jones Industrial Average surged 415 points, or 1%, erasing much of the losses suffered on Friday as back-and-forth strikes broke out between the two countries. The S&P […]

Oil prices surged and stocks slumped on Friday morning in the immediate hours after Israel began an attack on Iran targeting nuclear sites and senior military officers. The strike stoked concern among investors about a possible wider conflict across the Middle East, which accounts for a large share of global oil production. The U.S. West […]

The Federal Reserve on Wednesday will issue a new decision on the level of its benchmark interest rate, testing a wait-and-see approach adopted by the central bank in recent months as it observes potential effects of President Donald Trump’s tariff policy. The posture of restraint at the Fed has elicited sharp and repeated criticism from […]

Authorities released labor leader David Huerta on bond this week, days after his arrest for allegedly obstructing federal officers while protesting an immigration raid in Los Angeles. Huerta, the 58-year-old California president of the Service Employees International Union, one of the nation’s largest labor unions, said he remains focused on immigrants detained in LA. An […]

A fresh inflation report to be released on Wednesday will provide the latest test for President Donald Trump’s tariffs as some retailers and economists warn the policy will raise prices. So far, the economy has defied fears of price hikes, instead giving way to a cooldown of inflation over the months since Trump took office. […]

A feud between President Donald Trump and Tesla CEO Elon Musk hammered shares of the electric carmaker on Thursday, before a lull in the acrimony on Friday prompted a recovery of some losses. Still, as of midday Friday, shares had dropped nearly 10%, wiping out tens of billions of dollars in company value. The falling […]

A jobs report to be released on Friday will show whether the resilient labor market continued to defy business uncertainty and recession concerns stoked by President Donald Trump’s tariffs. The fresh data, which details hiring in May, is set to reveal the performance of a key measure of economic health as Trump rolled back some […]

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed. Trump touted the tariffs as an effort to slash the nation’s trade deficit, which the president has said he considers a threat to the nation’s […]