Category Archives: Business News
JPMorgan concedes it closed Trump's accounts after Jan. 6 attack
By KEN SWEET AP Business Writer NEW YORK (AP) - JPMorgan Chase acknowledged for the first time that it closed the bank accounts of President Donald Trump and several of his businesses in the political...
Feb 21, 2026 President Donald Trump speaks during a press briefing at the White House, Friday, Feb. 20, 2026, in Washington, as Commerce Secretary Howard Lutnik, looks on. (AP Photo/Evan Vucci)
Wall Street keeps calm after the Supreme Court strikes down Trump's tariffs
By STAN CHOE AP Business Writer NEW YORK (AP) - Wall Street kept calm Friday after the Supreme Court struck down President Donald Trump's sweeping tariffs, which had triggered panic in financial marke...
Feb 20, 2026 Traders work on the floor of the New York Stock Exchange during morning trading on February 20, 2026 in New York City. Stocks opened up mixed, with the Dow Jones nearly 200 points at opening amid a weak gross domestic product for the fourth quarter and a possible Supreme Court decision on President Donald Trump’s tariffs. (Photo by Michael M. Santiago/Getty Images)
Supreme Court strikes down Trump's sweeping tariffs, upending central plank of economic agenda
WASHINGTON (AP) - The Supreme Court struck down President Donald Trump's far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his economic agenda. The decision ...
Feb 20, 2026
Inflation rose more quickly than expected in December
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) - A key inflation gauge accelerated in December to the fastest pace in nearly a year, showing how prices are still rising more quickly than m...
Feb 20, 2026 Customers shop at a Target store on February 10, 2026 in Chicago, Illinois. Target plans to cut about 500 jobs at distribution centers and regional offices, but plans to increase the number of employees at their retail stores. (Photo by Scott Olson/Getty Images)
US economy grows at 1.4% rate in the fourth quarter, slower than economists expected
By CHRISTOPHER RUGABER and MATT OTT AP Economics Writers WASHINGTON (AP) - America's gross domestic product - the nation's output of goods and services - increased at an 1.4% annual rate in the fourth...
Feb 20, 2026 A person walks past the entrance to a Crocs store on February 12, 2026, in Miami, Florida. Crocs, Inc. shares rose nearly 20% after the company announced its fourth quarter 2025 earnings report that exceeded Wall Street expectations. (Photo by Joe Raedle/Getty Images)
World shares, US futures advance after AI fears drag Wall Street lower
By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) - European shares were higher Friday after a mixed day of trading in Asia, as worries over risks linked to massive investments in artificial intell...
Feb 20, 2026 Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Feb. 20, 2026. (AP Photo/Ahn Young-joon)
US trade deficit declined in 2025, but gap for goods hits a record despite Trump tariffs
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) - The U.S. trade deficit slipped modestly in 2025, a year in which President Donald Trump upended global commerce by slapping double digit tariffs o...
Feb 19, 2026 In an aerial view, new cars sit parked in a storage lot near the Port of Long Beach on May 06, 2025 in Long Beach, California. Los Angeles and Long Beach ports are seeing significant drops in expected cargo ships coming into port this week due to tariffs imposed by the Trump administration. The Port of Los Angeles expects a 35 percent decline in arrivals this week compared to the same period one year ago. (Photo by Justin Sullivan/Getty Images)
US stocks fall as AI fears keep rumbling and oil prices climb
By STAN CHOE AP Business Writer NEW YORK (AP) - U.S. stocks are falling on Thursday, while oil prices rise with worries about a potential conflict between the United States and Iran. The S&P 500 s...
Feb 19, 2026 Traders work on the floor of the New York Stock Exchange (NYSE) on February 13, 2026 in New York City. Markets were down in morning trading after a steep drop on Thursday, as investors continue to worry about AI's impact on the broader economy. (Photo by Spencer Platt/Getty Images)
Asian shares advance, tracking a Wall St rally led by Nvidia
By ELAINE KURTENBACH AP Business Writer Asian shares were higher Thursday after a rally on Wall Street that was led by computer chip giant Nvidia. U.S. futures edged lower and oil prices rose as media...
Feb 18, 2026 Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), left, at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Thursday, Feb. 19, 2026. (AP Photo/Ahn Young-joon)
Mark Zuckerberg quizzed on kids' Instagram use in social media trial
By KAITLYN HUAMANI and BARBARA ORTUTAY AP Technology Writers LOS ANGELES (AP) - Mark Zuckerberg and opposing lawyers dueled in a Los Angeles courtroom on Wednesday, where the Meta CEO answered questio...
Feb 18, 2026 Meta CEO Mark Zuckerberg arrives to the Los Angeles Superior Court at United States Court House on February 18, 2026 in Los Angeles, California. A 20-year-old California woman sued Meta and YouTube accusing them of building addictive platforms causing harm to children. (Photo by Jill Connelly/Getty Images)