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ABCNews.com

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Find breaking news and business news on Wall Street, stocks, the economy, banking, interest rates and mortgages, loans and credit cards, mutual funds and retirement and gas prices.

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http://abcnews.go.com/

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Economy

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World shares surge and oil prices slip after Trump claims a breakthrough in Iran war talks

11:00
World shares have advanced in the wake of big Wall Street gains, while oil prices slipped more than 1% after U.S. President Donald Trump claimed there was a breakthrough in talks on ending the Iran war

Still thinking about World Cup tickets? Here's where prices, availability stand

10:28
The World Cup starts Thursday, and FIFA is charging record prices at the 11 stadiums in the United States, three in Mexico and two in Canada

Trump has a new, surprising take on the higher cost of living: 'I love the inflation'

10:28
President Donald Trump has a surprising take on a new report that shows inflation spiking to its highest level in three years

Citing fallout from Iran war, World Bank cuts forecast for global economic growth

10:28
The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday

Hollywood directors reach tentative 4-year deal with studios and streamers

10:28
Hollywood directors have reached a four-year tentative contract agreement with studios and streaming services

Opening of Canada-US bridge that Trump threatened to block is delayed over unresolved 'issues'

3:30
The opening of a Canadian-U.S. bridge across the Detroit River, which President Donald Trump had previously threatened to block, has been delayed due to unresolved issues

Appeals court says U.S. government can keep collecting 10% tariffs for now

23:48
The U.S. government can continue collecting the 10% worldwide tariff it imposed in February while legal challenges to the levies continue to work their way through the courts, a federal court ruled Thursday

Melania Trump unveils a spinoff of Trump Accounts for foster kids

19:31
First lady Melania Trump and Treasury Secretary Scott Bessent have announced the launch of Fostering the Future Accounts

Average US long-term mortgage rate rises to 6.52%, just below its high for the year

18:27
The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started

US producer prices rose 6.5% on higher energy prices, largest yearly jump since 2022

15:15
U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices

US jobless aid filings rise to 229,000 last week, remain historically low despite war

15:15
U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran

Europe's central bank raises rates to fight inflation, the Fed to decide next week

15:15
The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war
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