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Business News
Here's why gas prices are suddenly higher
Warm-weather travelers are driving up demand for gas, experts said.
March 29, 2024FTC sends $5.6 million in refunds to Ring customers as part of video privacy settlement
The Federal Trade Commission is sending more than $5.6 million in refunds to consumers as part of a settlement with Amazon-owned Ring, which was charged with failing to protect private video footage from outside access
April 25, 2024New whistleblower claims put Boeing's quality control under more scrutiny
The company has refuted Sam Salehpour's allegations.
April 11, 2024
Latest Business Video
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41 minutes ago
Mississippi legislative leaders swap proposals on possible Medicaid expansion
Mississippi Senate leaders are saying for the first time that they are willing to expand Medicaid to the full level allowed under a federal law signed 14 years ago by then-President Barack Obama
41 minutes ago
1 hour ago
How major US stock indexes fared Friday, 4/26/2024
Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November
1 hour ago
1 hour ago
Southwest Airlines is considering changes to its quirky boarding and seating practices
Get ready for changes in boarding and seating at Southwest Airlines
1 hour ago
1 hour ago
Williams-Sonoma must pay almost $3.2 million for violating FTC's 'Made in USA' order
Home products retailer Williams-Sonoma will have to pay almost $3.2 million penalty for violating a Federal Trade Commission “Made in USA” order
1 hour ago
2 hours ago
A California bill aiming to ban confidentiality agreements when negotiating legislation fails
A bill to ban the use of confidentiality agreements when negotiating potential laws in California has failed to pass
2 hours ago
2 hours ago
Mortgage rates soar over 7%
ABC News’ business correspondent Alexis Christoforous breaks down the current housing market.
2 hours ago
2 hours ago
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose 28 cents to $83.85 per barrel Friday
2 hours ago
2 hours ago
Biden officials indefinitely postpone ban on menthol cigarettes amid election-year pushback
President Joe Biden’s administration is again delaying a sweeping plan to ban menthol cigarettes
2 hours ago
3 hours ago
Most drivers will pay $15 to enter busiest part of Manhattan starting June 30
Transit officials say the start date for the $15 toll most drivers will be charged to enter Manhattan’s central business district will be June 30
3 hours ago
3 hours ago
Biden administration indefinitely postpones rule that would have banned menthol-flavored cigarettes
Biden administration indefinitely postpones rule that would have banned menthol-flavored cigarettes
3 hours ago
3 hours ago
Google plans to invest $2 billion to build data center in northeast Indiana, officials say
Officials say Google plans to invest $2 billion to build a data center in northeastern Indiana to help power its artificial intelligence technology and cloud business
3 hours ago
3 hours ago
The US economy is cooling off. Is it time to worry?
The economy slowed dramatically to start 2024.
3 hours ago
3 hours ago
Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits
A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide
3 hours ago
3 hours ago
Jury in Abu Ghraib trial says it is deadlocked; judge orders deliberations to continue
A judge ordered jurors Friday to keep deliberating after they said they were deadlocked in a lawsuit alleging a Virginia-based military contractor is liable for abuses suffered by inmates at the Abu Ghraib prion in Iraq two decades ago
3 hours ago
April 26
Surging auto insurance rates squeeze drivers, fuel inflation
Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation
April 26
April 26
140,000 people did their taxes with the free IRS direct file pilot. But program's future is unclear
The IRS says more than 140,000 taxpayers filed their taxes through its new direct file pilot program
April 26
April 26
Alphabet, Snap rise; Intel, Boyd Gaming fall, Friday, 4/26/2024
Stocks that traded heavily or had substantial price changes on Friday: Alphabet, Snap rise; Intel, Boyd Gaming fall
April 26
April 26
Tech CEOs Altman, Nadella, Pichai and others join government AI safety board led by DHS' Mayorkas
The CEOs of leading U_S_ technology companies are joining a new artificial intelligence safety board to advise the federal government on how to protect the nation’s critical services from “AI-related disruptions.”
April 26
April 26
JPMorgan's Dimon hopes for soft landing for US economy but says stagflation is a possible scenario
JPMorgan CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation
April 26
April 26
Owner of exploded Michigan building arrested at airport while trying to leave US, authorities say
The owner of a suburban Detroit business that caught fire and exploded, killing a man, was arrested at a New York airport as he was preparing to depart for Hong Kong on a one-way ticket
April 26
April 26
US Silica agrees to go private in $1.85 billion acquisition by Apollo Global
U.S. Silica has agreed to go private in an all-cash acquisition by Apollo Global Management that values the industrial minerals company at about $1.85 billion
April 26
April 26
Fed's preferred inflation gauge shows price pressures stayed elevated last month
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid
April 26
April 26
An inflation gauge closely tracked by the Federal Reserve shows price pressures remain elevated
An inflation gauge closely tracked by the Federal Reserve shows price pressures remain elevated
April 26
April 26
Online retailer Shein is latest to face strict European Union digital regulations
Online fast-fashion retailer Shein must face the European Union’s strictest level of digital regulations
April 26
April 26
A Turkish court sentences a Syrian woman to life in prison for a bombing in Istanbul in 2022
Turkey’s state-run news agency has reported that a court sentenced a Syrian woman to life in prison for a deadly explosion on a busy shopping district in Istanbul in 2022
April 26
April 26
Exxon Mobil profit declines in 1st quarter as natural gas prices fall
Exxon Mobil’s profit declined in its first quarter as natural gas prices fell and industry refining margins dropped
April 26
April 26
US probes whether Tesla Autopilot recall did enough to make sure drivers pay attention
The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road
April 26
April 26
US agency is investigating whether the recall of Tesla Autopilot driving system did enough to ensure drivers attention
US agency is investigating whether the recall of Tesla Autopilot driving system did enough to ensure drivers attention
April 26
April 26
These are the countries where TikTok is already banned
TikTok is banned in a handful of countries and not allowed on government-issued devices in a number of others
April 26
April 26
5 cars from the Beijing auto show that reflect China's vision for the future of driving
China’s vision of the future of the automobile — electrified and digitally connected — is on display at the ongoing Beijing auto show
April 26
April 26
Mining giant Anglo-American rejects BHP's $39 billion takeover offer, says it's 'opportunistic'
U.K.-based mining giant Anglo American has rejected a 31 billion pound ($39 billion) takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential
April 26
April 26
Stock market today: Alphabet and Microsoft help Wall Street clinch its best week in nearly 6 months
Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November
April 26
April 26
Journalists critical of their own companies cause headaches for news organizations
Journalists see themselves as truth-tellers, and sometimes as contrarians
April 26
April 26
#MeToo advocates vow the reckoning will continue after Weinstein's conviction is overturned
Harvey Weinstein's accusers and their advocates were shocked and angered by an appellate court’s decision to overturn the ex-movie mogul’s 2020 rape conviction
April 26
April 26
Rooting for Trump to fail has made his stock shorters millions
Rooting for Donald Trump to fail has rarely been this profitable
April 26
April 26
Trading Trump: Truth Social's first month of trading has sent investors on a ride
With Donald Trump facing dozens of federal criminal charges and hundreds of millions in legal expenses, Trump Media & Technology Group Corp. went public on the Nasdaq exchange March 26
April 26
April 25
Walmart US CEO talks inflation, self-checkout, and non-college degree workers
The retailer is offering more skills certificates to workers wanting to advance.
April 25
April 25
Tennessee lawmakers adjourn after finalizing $1.9B tax cut and refund for businesses
Tennessee’s GOP-controlled General Assembly has adjourned for the year, concluding months of tense political infighting that ultimately doomed Republican Gov. Bill Lee’s universal school voucher push
April 25
April 25
Selling weight-loss and muscle-building supplements to minors in New York is now illegal
It's now illegal to sell weight-loss and muscle-building supplements to minors in New York
April 25
April 25
The protests over the Israel-Hamas war put a spotlight on college endowments
One of the demands of antiwar protestors on college campuses is for their schools to divest their endowments from companies that are profiting from Israel’s war against Hamas in Gaza
April 25
April 25
Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend
Google’s corporate parent Alphabet Inc. has released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence
April 25
April 25
Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
Microsoft has reported that its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive
April 25
April 25
Minneapolis smokers to pay some of the highest cigarette prices in US with a $15 per-pack minimum
Smokers in Minneapolis will pay some of the highest cigarette prices in the country after the City Council voted unanimously to impose a minimum retail price of $15 per pack to promote public health
April 25
April 25
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose 76 cents to $83.57 per barrel Thursday
April 25
April 25
Native American tribes want US appeals court to weigh in on $10B SunZia energy transmission project
Native American tribes and environmentalists want a U.S. appeals court to weigh in on their request to halt construction along part of a $10 billion energy transmission line
April 25
April 25
Net neutrality restored as FCC votes to regulate internet providers
The Federal Trade Commission has voted to restore rules to prevent broadband internet providers such as Comcast and AT&T from favoring some sites and apps over others — for instance, by slowing or blocking certain content or by offering higher speeds t...
April 25
April 25
Mining giant BHP Billiton makes $39 billion bid for Anglo American to expand copper operations
Shares in U.K.-based mining giant Anglo American have surged after it received a 31 billion-pound ($39 billion) takeover bid from rival BHP Billiton
April 25
April 25
BNSF becomes 2nd major railroad to sign on to anonymous federal safety hotline for some workers
BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline
April 25
April 25
Chipotle reverses protein policy, says workers can choose chicken once again
Chipotle says its employees can choose chicken again
April 25
April 25
The TikTok law kicks off a new showdown between Beijing and Washington. What's coming next?
TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company or face a ban
April 25