Finance

Asian stock markets fell for a third day Monday after China allowed its yuan to sink to its lowest level this year following President Donald Trump’s latest tariff threat. The main indexes in Tokyo and Hong Kong both fell 2.4% while Shanghai, South Korea and Australia also retreated. China’s central bank allowed the yuan to […]

PLAINFIELD, Ill. — The mortgage-interest deduction, a beloved tax break bound tightly to the American dream of homeownership, once seemed politically invincible. Then it nearly vanished in middle-class neighborhoods across the country, and it appears that hardly anyone noticed. In places like Plainfield, a southwestern outpost in the area known locally as Chicagoland, the housing

It’s August, which means most people aren’t paying attention to the news — so you get extra Brownie points when you do. Read up on the top stories in business and tech, and feel superior heading into Monday. ImageCreditGiacomo Bagnara What’s Up? (July 28-Aug. 3) Chop, Chop The Federal Reserve cut interest rates on Wednesday

The U.S. trade deficit shrunk slightly in June, as did the politically sensitive trade deficit with China, the principal target of President Donald Trump’s tariffs. The gap between the goods and services the U.S. buys and what it sells abroad fell 0.3% to $55.2 billion in June from May, the Commerce Department said Friday. Exports

The Latest on the U.S. employment report for July (all times local): Interested in Jobs Report? Add Jobs Report as an interest to stay up to date on the latest Jobs Report news, video, and analysis from ABC News. 8:30 a.m. U.S. employers slowed their hiring in July, adding a still-healthy 164,000 jobs to an

Boeing is working on new software for the 737 Max that will use a second flight control computer to make the system more reliable, solving a problem that surfaced in June with the grounded jet, two people briefed on the matter said Friday. When finished, the new software will give Boeing a complete package for

SAN FRANCISCO — Things should be dismal in Silicon Valley right now, with technology’s biggest companies under attack from regulators, lawmakers and even President Trump. Not for Henrique Dubugras and Pedro Franceschi. The two Stanford dropouts, both 23, are the founders of Brex, one of the hottest young companies today. Their start-up’s mission? To provide

Exxon Mobil brought in $69 billion in revenue in the second quarter, down from last year’s $73.5 billion. Some of the benefits of rising crude prices, up 22% this year, were offset by natural gas prices, which have fallen almost 24% over the same time frame. The nation’s largest oil company said Friday that its

After a busy week in which there was a Federal Reserve interest rate cut and an escalation in the trade war with China, the nation’s economic analysts may be eager to duck out early on a summer Friday. The new employment numbers help their cause. That’s because, to an uncanny degree, they affirm what we

Financial markets around the world buckled Friday, and the S&P 500 was on track for its worst day in months following President Donald Trump’s latest escalation in his trade war with China. China struck back and said Friday it will take “necessary countermeasures” if Trump follows through on tweets he sent Thursday that shocked markets