Business News

Latest Business Video

Latest Business Headlines

28 minutes ago

Honda, Nissan announce plans to merge

The merge would create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.
28 minutes ago
The merge would create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.
4 hours ago

Nissan, Honda announce plans to merge, creating world's No. 3 automaker

Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from reliance on fossil fuels
4 hours ago
Nissan Chief Executive Makoto Uchida, left, and Honda Chief Executive Toshihiro Mibe, center, and Takao Kato CEO of Mitsubishi Motors, right, arrive to attend a joint news conference Monday, Dec. 23, 2024, in Tokyo, Japan. (AP Photo/Eugene Hoshiko)
December 23

Many Americans have come to rely on drones. Now lawmakers want to ban them.

The economic and technological rivalry between the U.S. and China has come to the drone market, where Chinese-made flying devices are a dominant player in America
December 23
Russell Hedrick's DJI drone puts crop cover on his farm, Tuesday, Dec. 17, 2024, in Hickory, N.C. (AP Photo/Allison Joyce)
December 22

Trump threatens to try to take back the Panama Canal. Panama's president balks at the suggestion

Donald Trump is suggesting that his new administration could try to regain control of the Panama Canal
December 22
President-elect Donald Trump speaks at AmericaFest, Sunday, Dec. 22, 2024, in Phoenix. (AP Photo/Rick Scuteri)
December 22

Party City to close its stores as company files for bankruptcy

Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide
December 22
FILE - This is the sign on the front of a Party City store in Orchard Park, NY., on Dec. 22, 2024. (AP Photo/Gene J. Puskar, file)
December 22

A million taxpayers will soon receive up to $1,400 from the IRS

Approximately 1 million taxpayers will automatically receive special payments.
December 22
FILE - This April 13, 2014, file photo shows the Internal Revenue Service (IRS) headquarters building in Washington. (AP Photo/J. David Ake, File)
December 22

A race is on to clean up shorelines off Crimea after tons of oil spills from damaged Russian ships

Cleanup continues in the Kerch Strait near Russian-occupied Crimea, a week after at least 3,700 tons of low-grade fuel oil spilled out of two storm-stricken Russian tankers
December 22
December 22

Custom clocks designed for Pennsylvania's Capitol a century ago still ticking

Capitol buildings are almost always an imposing presence
December 22
A clock in the Pennsylvania governor's reception room, Dec. 13, 2024, in Harrisburg, Pa. It's one of 273 clocks in Pennsylvania's ornate state Capitol complex buildings that must be wound by hand. (AP Photo/Marc Levy)
December 22

'You'll be screaming': Maserati exec makes the case for the brand's new engine

"My main obsession is to be respectful to the brand."
December 22
"To be a designer at Maserati, you need to understand how to build a car," Maserati's chief designer Klaus Busse told ABC News.
December 21

Albania to close TikTok for a year blaming it for promoting violence among children

Albania’s prime minister says the government will shut down video service TikTok for one year, blaming it for inciting violence and bullying, especially among children
December 21
FILE - A view of the TikTok app logo, in Tokyo, Japan, Sept. 28, 2020. (AP Photo/Kiichiro Sato, File)
December 20

NTSB trying to determine why tractor-trailer stopped on train tracks before deadly West Texas crash

Federal officials investigating the deadly West Texas collision between at Union Pacific train and a tractor-trailer hauling heavy equipment are trying to determine why the tractor-trailer was stopped on the tracks
December 20
Damage to a train is seen at the site where a freight train collided with a tractor-trailer and derailed in Reeves County, Texas on Wednesday, 18, 2024. (Daniel Alvarado/Reeves County, Texas via AP)
December 20

Government funding difficulties create gloom for federal workers before Christmas

Johnny Zuagar says he’s tried to hide his worries about a potential government shutdown from his three boys as he weighs how much to spend on Christmas presents
December 20
Jesus Soriano, president of the American Federation of Government Employees Local 3403 representing the National Science Foundation and several other agencies, poses for a photo in Chevy Chase, Md., after an interview on Friday, Dec. 20, 2024. (AP Photo/Brian Witte)
December 20

Amazon and Starbucks workers are on strike over the holidays. Here's why.

“This is a time when both companies make a lot of money,” one expert said.
December 20
People hold signs and march during a strike by Teamsters union members at an Amazon facility, Dec. 19, 2024, in Alpharetta, Ga.
December 20

Big Lots conducts going-out-of-business sales after sale of company falls through

Discount chain Big Lots is conducting going--out-of-business sales at its remaining locations after a sale of the company didn’t materialize
December 20
FILE - A shopper leaves the Big Lots store on Dec. 4, 2012 in Berlin, Vt. (AP Photo/Toby Talbot, File)
December 20

VW wage deal for 120,000 German workers avoids layoffs, plant closures

Volkswagen’s employee representatives say they have reached a wage deal
December 20
The VW headquarters are pictured, when employees of Germany's largest carmaker Volkswagen went on strike at the main factory in Wolfsburg, Germany, Monday, Dec. 9, 2024. (AP Photo/Martin Meissner)
December 20

What changes should small businesses be aware of for 2025?

For small businesses, the biggest change for the new year will be the arrival of a presumably more business-friendly administration in Washington
December 20
FILE - Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve, Dec. 18, 2024, in Washington. (AP Photo/Jacquelyn Martin, File)
December 20

President-elect Trump transfers close to $4B worth of his Trump Media shares to trust

Shares of Trump Media and Technology Group slid in midday trading Friday after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing
December 20
FILE - Republican presidential nominee former President Donald Trump is pictured at an election night watch party, Wednesday, Nov. 6, 2024, in West Palm Beach, Fla. (AP Photo/Alex Brandon, File)
December 20

Bitcoin price falls 12% after record highs earlier in week

The world’s largest cryptocurrency is still up around 36% since Election Day.
December 20
The world’s largest cryptocurrency is still up around 36% since Election Day.
December 20

Italy's privacy watchdog fines OpenAI for ChatGPT's violations in collecting users personal data

Italy’s data protection authority says it has fined OpenAI $15.6 million after wrapping up a probe into the collection of personal data by its generative artificial intelligence chatbot ChatGPT
December 20
FILE - The OpenAI logo is displayed on a cell phone in front of an image generated by ChatGPT's Dall-E text-to-image model, Dec. 8, 2023, in Boston. (AP Photo/Michael Dwyer, File)
December 20

Price of bitcoin falls more than 10%

The drop erases some of the gains enjoyed since the election of Trump.
December 20
Representation of the bitcoin cryptocurrency and a price chart are seen in this illustration taken October 24, 2023.
December 20

Senate eyes vote before midnight on government funding after House approves bill to prevent shutdown

Approaching a midnight deadline, the Senate is preparing to give final approval to a new plan to prevent a government shutdown
December 20
Rep. David Schweikert, R-Ariz., arrives for a meeting with Speaker of the House Mike Johnson, R-La., at the Capitol in Washington, Friday, Dec. 20, 2024. (AP Photo/J. Scott Applewhite)
December 20

Nuna Baby Essentials is recalling over 600,000 child car seats because harness may not hold children

Nuna Baby Essentials is recalling nearly 609,000 child car seats because the harness adjuster can loosen and the seats may not restrain children
December 20
December 20

FIFA signs Netflix to US broadcast deal for the Women's World Cup in 2027 and 2031

FIFA has signed Netflix to a United States broadcast deal for the Women’s World Cup in 2027 plus the 2031 edition that could be played in the U.S. The deal announced Friday is the most significant FIFA has signed with a streaming service for a major to...
December 20
FILE - United States forward Trinity Rodman plays in the first half of an international friendly soccer match against Costa Rica, in Washington, July 16, 2024. (AP Photo/Nick Wass, File)
December 20

Federal Reserve's preferred inflation gauge shows price pressures eased last month

An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains
December 20
FILE - A consumer looks over an IPad on display in a Costco warehouse Friday, Nov. 1, 2024, in Sheridan, Colo. (AP Photo/David Zalubowski, File)
December 20

The Latest: Schumer says Senate on course to pass bill before funding lapses at midnight

With hours to go before a midnight government shutdown, the House has approved a new plan from House Speaker Mike Johnson that would temporarily fund federal operations and disaster aid, but dropped President-elect Donald Trump’s demands for a debt lim...
December 20
Speaker of the House Mike Johnson, R-La., talks briefly to reporters just before a vote on an interim spending bill to prevent a government shutdown, at the Capitol in Washington, Thursday, Dec. 19, 2024. (AP Photo/J. Scott Applewhite)
December 20

Crowds in Mayotte vent frustration with cyclone response as Macron tours devastation

Crowds in Mayotte have vented their frustration at French President Emmanuel Macron, with some booing
December 20
French military vehicles make their way to the central city of Mirereni, Mayotte, Friday, Dec. 20, 2024. (AP Photo/Adrienne Surprenant)
December 20

Tesla recalling almost 700,000 vehicles due to tire pressure monitoring system issue

Tesla is recalling almost 700,000 vehicles because of an issue with the warning light on the tire pressure monitoring system
December 20
FILE- A Tesla Cybertruck is on display at Tesla in Buena Park, Calif., on Sunday, Dec. 3, 2023. (AP Photo/Richard Vogel, File)
December 20

Teamsters say 'momentum continues' as strike against Amazon enters 2nd day

Amazon said the strike was not expected to impact operations.
December 20
Amazon workers walk the picket line outside an Amazon facility in the City of Industry, California, on Dec. 19, 2024.
December 20

More student loans canceled in Biden's final round of forgiveness before leaving office

The Biden administration says it is canceling federal student loans for another 55,000 public service workers through an existing forgiveness program
December 20
FILE - President-elect Donald Trump speaks during a meeting with the House GOP conference, Nov. 13, 2024, in Washington. (Allison Robbert/Pool Photo via AP, File)
December 20

Starbucks workers plan strikes that could spread to hundreds of US stores by Christmas Eve

Workers at Starbucks stores plan to go on a five-day strike starting Friday to protest lack of progress in contract negotiations with the company
December 20
Starbucks workers picket outside of a closed Starbucks location over contract negotiations with the company Friday, Dec. 20, 2024, in Burbank, Calif. (AP Photo/Damian Dovarganes)
December 20
Butter, which has been rising fast in price in much of Europe, is displayed in a grocery store in Warsaw, Poland, Tuesday Dec. 17, 2024. (AP Photo/Czarek Sokolowski)
December 19

Teamsters president to rally with workers as Amazon strike set to go into 2nd day

The move comes after the union says Amazon has refused to bargain with workers.
December 19
Teamsters Local 63 joined union workers as they rallied in downtown Los Angeles Monday morning in support of unionizing Alabama Amazon workers.
December 19

It's beginning to look like another record for holiday travel

Drivers and airline passengers without reindeer and sleighs better make a dash for it: it’s beginning to look like another record for holiday travel in the U.S. The auto club AAA predicts that more than 119 million people will travel at least 50 miles ...
December 19
Holiday travelers pass a Christmas tree at Logan Airport, Friday, Dec. 20, 2024, in Boston. (AP Photo/Charles Krupa)
December 19

76ers win city council nod to build $1.3B downtown stadium and leave South Philadelphia

The Philadelphia 76ers have won city council approval for a $1.3 billion downtown arena despite vocal opposition from nearby residents
December 19
December 19

Musk ascends as a political force beyond his wealth by tanking budget deal

Elon Musk’s role in taking down a bipartisan budget deal shows his ascendance as a political force
December 19
FILE - Elon Musk speaks after President-elect Donald Trump spoke during an America First Policy Institute gala at his Mar-a-Lago estate, Nov. 14, 2024, in Palm Beach, Fla. (AP Photo/Alex Brandon, File)
December 19

Farmers, business owners, fire survivors face uncertainty after $100B in disaster relief flounders

American farmers, small business owners and wildfire survivors are among those who will suffer if Congress cannot agree on a new spending bill after President-elect Donald Trump abruptly rejected a bipartisan plan that included more than $100 billion i...
December 19
FILE - Homes consumed in wildfires are seen in Lahaina, Maui, Hawaii, Aug. 16, 2023. (AP Photo/Jae C. Hong, File)
December 19

FDA updates the definition of 'healthy' foods

Packaged foods in the U_S_ must follow new rules in order to call themselves “healthy.”
December 19
FILE - Canadian certified organic farm-raised King Salmon filets are placed on a tray in a store in Fairfax, Va., April 10, 2015. (AP Photo/Alex Brandon)
December 19

OSHA settles with Amazon over working conditions

The settlement requires that Amazon adopt "corporate-wide ergonomic measures" to reduce the risk of injuries to workers.
December 19
VIDEO: OSHA settles with Amazon over working conditions
December 19

The stock market plummeted. Should you be worried?

The S&P 500 suffered its worst loss after a Fed meeting since 2001.
December 19
Traders work on the New York Stock Exchange floor, Dec. 18, 2024, in New York.
December 19

Amazon strike could lead to delays in delivery of holiday gifts

Nearly 9,000 Amazon workers hit the picket line in a labor dispute.
December 19
Amazon delivery drivers walk the picket line outside Amazon delivery station as they went on strike, Dec. 19, 2024, in Skokie, Ill.
December 19

Thousands of Amazon workers go on strike

ABC News’ Faith Abubey reports on what the Teamsters union is calling the "largest strike against Amazon in U.S. history.”
December 19
Thousands of Amazon workers go on strike
December 19

American Airlines settles lawsuit filed by 3 Black men who were ordered off a flight

American Airlines said Thursday it has settled a federal race discrimination lawsuit filed by three Black men who were ordered to deboard a flight last January
December 19
FILE - A woman waits for her flight as an American Airlines jet passes by at Sky Harbor airport on March 4, 2023, in Phoenix. (AP Photo/Charlie Riedel, File)
December 19

MrBeast's show includes $4.2M giveaway with app critics say may trap other borrowers with high fees

MrBeast’s ambitious reality show, which the YouTube megastar hopes will expand his massive online reach and turn the corner on recent controversies, is already raising questions from consumer advocates over a partnership with a fintech company
December 19
FILE - Jimmy Donaldson, the popular YouTube video maker who goes by MrBeast, wears a Lionel Messi jersey as he stands in a sideline box at the start of an MLS soccer match between Inter Miami and CF Montreal, March 10, 2024, in Fort Lauderdale, Fla. (AP Photo/Rebecca Blackwell, File)
December 19

Average 30-year mortgage rate snaps 3-week slide

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans
December 19
A for sale sign stands outside a residence in Wheeling, Ill., Monday, Dec. 16, 2024. (AP Photo/Nam Y. Huh)
December 19

Millions of people may get expanded Social Security benefits. Who are they and how would it happen?

Nearly 3 million people could receive a boost in Social Security payments under legislation that's set for a final vote in the Senate
December 19
FILE - The Capitol is seen in Washington, Dec. 17, 2024. (AP Photo/J. Scott Applewhite, File)
December 19

Government shutdown at risk as Trump's demands put Speaker Johnson in a bind

A government shutdown at risk, House Speaker Mike Johnson is fighting to figure out how to meet President-elect Donald Trump’s sudden demands — and keep his own job
December 19
FILE—Speaker of the House Mike Johnson, R-La., joined from left by Rep. Blake Moore, R-Utah, House Majority Leader Steve Scalise, R-La., and Majority Whip Tom Emmer, R-Minn., leaves a news conference after presenting his final version of an interim pending bill to his caucus, at the Capitol in Washington, Tuesday, Dec. 17, 2024. President-elect Donald Trump has now abruptly rejected the bipartisan plan to prevent a Christmastime government shutdown. Instead, he's telling House Speaker Mike Johnson and Republicans to essentially renegotiate — days before a deadline when federal funding runs out. (AP Photo/J. Scott Applewhite, File)
December 19

Australian who falsely claimed to have invented bitcoin is found in contempt of UK court

An Australian computer scientist who falsely claimed to be the founder of the bitcoin cryptocurrency has been found to have committed contempt of court by breaching an order of London’s High Court
December 19
FILE - Dr. Craig Wright arrives at the Federal Courthouse, on Nov. 16, 2021, in Miami. (AP Photo/Marta Lavandier, File)
December 19

US home sales rose in November to fastest pace since March

Sales of previously occupied U.S. homes rose in November to their fastest pace since March as home shoppers were encouraged by a wider selection of properties on the market, despite rising mortgage rates
December 19
FILE - A sign announcing a home for sale is posted outside a home, Feb. 1, 2024, in Kennesaw, Ga. (AP Photo/Mike Stewart, File)
December 19

Frozen French fry maker Lamb Weston names new CEO, moves to loss in Q2

Lamb Weston, a major supplier of frozen French fries to global chains like McDonald’s, KFC and Taco Bell, has named a new CEO after posting a surprise loss in the second quarter as consumers pull back on the money they spend on food outside the home
December 19
FILE - A large order of french fries is shown at a McDonald's on May 25, 2010 in downtown Los Angeles. (AP Photo/Richard Vogel, File)
December 19

US unemployment applications come back down after big rise

The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before
December 19
FILE - A hiring sign is displayed in the window of a Krispy Kreme donut shop on Nov. 19, 2024, in Lone Tree, Colo. (AP Photo/David Zalubowski, File)