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Business News
Americans' credit card debt reaches new record high: Federal Reserve
Credit card balances now stand at a record-high $1.21 trillion.
February 13, 2025Denmark's state-run postal service will no longer deliver letters
PostNord will stop delivering letters to Denmark at the end of 2025, though package distribution will remain
March 07, 2025Canada's Couche-Tard's chief stresses 'friendly' interest in Japan's 7-Eleven chain
Canada’s Alimentation Couche-Tard has reiterated its determination to acquire Seven & i Holdings, although the operator of Japan’s top convenience store chain has rejected its offer
March 13, 2025
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2 hours ago
Peruvian farmer’s case against German energy giant RWE could reshape global climate accountability
A groundbreaking climate lawsuit heads to trial in Germany next week, as Peruvian farmer Saúl Luciano Lliuya challenges German energy giant RWE
2 hours ago
3 hours ago
Asian shares advance, despite Wall Street's tumble, as China pledges to boost consumer spending
Asian markets have shrugged off another decline on Wall Street, with markets in China advancing after banks and other financial institutions were ordered to do more to help spur more consumer spending
3 hours ago
March 14
Florida's citrus industry faces threats from hurricanes, disease and real estate
Florida’s citrus growers are struggling to survive the one-two punch of hurricanes and disease
March 14
March 14
Some student loan repayment plans have been suspended. Here's what borrowers should know
The Trump administration’s recent changes to student loans are causing frustration and confusion for some borrowers
March 14
March 13
CEO of Wine & Spirits Wholesalers on how tariffs will make beverages expensive
ABC News’ Stephanie Ramos speaks to the President and CEO of Wine & Spirits Wholesalers of America, Francis Creighton, about how Pres. Donald Trump’s tariffs will make consumers’ wallets lighter.
March 13
March 13
By The Numbers: Donatella Versace passes down fashion dynasty
A look at the numbers behind Donatella Versace’s storied 30-year run as chief creative officer at Versace, her impact on the fashion industry and the Versace dynasty.
March 13
March 13
John Lennon gets honored on UK coin collection in what would have been his 85th year
John Lennon is being honored in a specially minted British coin collection to mark the year the Beatles legend and peace advocate would have turned 85
March 13
March 13
More shots fired at Oregon Tesla dealership in ongoing vandalism
Police in Oregon say gunshots were fired at a Tesla dealership for the second time in a week
March 13
March 13
US stocks tumble, worsening losses amid trade war
U.S. stocks tumbled on Thursday, deepening losses suffered since the outbreak of a trade war set off by President Donald Trump's tariffs.
March 13
March 13
US wine shops and importers say Trump's threatened 200% tariff on European wines would kill demand
The U.S. is suddenly looking less bubbly for European wines
March 13
March 13
Trump stands by tariff plans after threatening EU: 'I'm not going to bend at all'
The announcement came in response to tariffs issued by the European Union.
March 13
March 13
US stocks tumble, worsening losses amid trade war
Trump stood by his tariff plans: "I'm not going to bend at all."
March 13
March 13
Close calls at Washington DC airport raise questions about why changes weren't made before crash
The investigation into a January midair collision that killed 67 people near Washington, D
March 13
March 13
London judge to rule on whether mining company is liable in Brazil's worst environmental disaster
A lawyer has argued in a London Court that global mining giant BHP should be held liable for Brazil’s worst environmental disaster 10 years ago when a dam collapse released toxic mining waste that killed 19 people and devastated villages
March 13
March 13
Gucci names Demna new aristic director, as he moves from Kering sister brand Balenciaga
Gucci has announced that the Balenciaga artistic director Demna, who goes by one name, will take over the creative direction of the Italian luxury fashion house starting in July
March 13
March 13
Spirit Airlines exits bankruptcy protection as travel demand slows
Discount carrier Spirit Airlines has emerged from bankruptcy protection
March 13
March 13
Average US rate on a 30-year mortgage edges higher, ending a seven-week slide
The average rate on a 30-year mortgage in the U.S. edged higher this week, ending a seven-week slide that helped ease borrowing costs for home shoppers just in time for the spring homebuying season
March 13
March 13
Some acne treatments recalled due to benzene levels
The Food and Drug Administration is asking retailers to remove a small number of acne creams from their shelves that contain slightly elevated levels of a chemical linked to cancer
March 13
March 13
At least 8 people are killed when a passenger train slams into a minibus in Egypt
A train has slammed into a minibus that was crossing the tracks in an unauthorized location in norther Egypt, killing at least eight people and leaving 12 injured
March 13
March 13
FTC reverses its request for a delay in an Amazon trial
The Federal Trade Commission has walked back comments that a lack of resources is interfering with the agency’s ability to be ready for a September trial over Amazon’s Prime program
March 13
March 13
Trump threatens 200% tariff on EU champagne, other alcohol products
ABC News’ Alexis Christoforous reports on the announcement from President Trump, which came in response to tariffs issued by the European Union.
March 13
March 13
Donatella Versace out as creative director of the Milan fashion house
Donatella Versace has been replaced as creative director of the fashion house founded by her late brother Gianni Versace, assuming the new role of chief brand ambassador, Versace’s U.S. owner Capri Holdings announced on Thursday
March 13
March 13
Fewer Americans file for jobless claims, signaling a still-healthy US labor market
The number of Americans filing for unemployment benefits fell slightly last week, indicating a still-healthy U.S. labor market
March 13
March 13
Meta to start testing crowd-sourced fact-checking, based on X example, next week
Facebook and Instagram parent company Meta Platforms Inc. says it will launch its crowd-sourced fact-checking program, called Community Notes, on March 18
March 13
March 13
Finland announces 200 million euros more in aid to Ukraine and closer defense cooperation
Finland has announced a new arms package for Ukraine amounting to around 200 million euros ($217 million) and pledged more defense cooperation with Kyiv
March 13
March 13
China is taking issue with Trump's move to link tariffs to fentanyl
U.S. President Donald Trump threw a curve ball at China by linking the fentanyl issue to his tariffs on imports
March 13
March 13
Canada's Couche-Tard's chief stresses 'friendly' interest in Japan's 7-Eleven chain
Canada’s Alimentation Couche-Tard has reiterated its determination to acquire Seven & i Holdings, although the operator of Japan’s top convenience store chain has rejected its offer
March 13
March 13
Asian shares decline despite rebound on Wall St as investors await next steps in trade wars
Asian shares are mostly lower despite a rebound on Wall Street fueled by an encouraging inflation update
March 13
March 12
By The Numbers: Inflation, rent increases and egg prices, oh my!
Economists were pleased today by the latest inflation numbers, so why does it still feel like there’s a hole in your pocket?
March 12
March 12
Intel hires former board member as new CEO in latest comeback attempt
Struggling chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a succession of CEOs to attempt to turn around the company that helped define Silicon Valley
March 12
March 12
Egg prices soar as inflation cools in first full month of Trump term
Trump touted the inflation report as "very good news."
March 12
March 12
How major US stock indexes fared Wednesday, 3/12/2025
U.S. stocks mostly rose after getting some relief from an encouraging inflation update
March 12
March 12
S&P and Nasdaq close up, Dow closes down after turbulent day amid trade war
An escalating global trade war hammered markets in recent days.
March 12
March 12
South Africa plans to spend more on health and defense after the US cuts aid
Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.5%, a move that will raise the cost of living
March 12
March 12
Ford shows off treasure trove of rarely seen vehicles at Michigan headquarters
About 50 cars and trucks that are part of Ford's Heritage Fleet are on display in Dearborn, Michigan
March 12
March 12
FTC asks judge to delay Amazon trial due to resource constraints
A lawyer for the Federal Trade Commission says the agency needs to seek a trial delay in a case against Amazon due to staffing and budgetary challenges
March 12
March 12
EPA likely to move to further limit federal protections for wetlands
The Trump administration on Wednesday announced it will reconsider the reach of the nation’s bedrock clean water law and likely further limit the wetlands it covers
March 12
March 12
Fishermen sue Bumble Bee, claim canned tuna giant knew of abuse in its supply chain
Lawyers representing four Indonesian fishermen say they were beaten and trapped on vessels that were part of the global supply chain that provided tuna to Bumble Bee Seafoods
March 12
March 12
Canada's incoming prime minister says he'll meet Trump if Canadian sovereignty is respected
Incoming Canadian Prime Minister Mark Carney says he’s ready to meet with U.S. Donald Trump if he respects Canadian sovereignty and is open to talk about a common approach to trade
March 12
March 12
Inflation cooled last month though trade war threatens to lift prices
Inflation cooled last month though trade war threatens to lift prices
March 12
March 12
US arms flow to Ukraine again as the Kremlin mulls a ceasefire proposal
Ukrainian and Polish officials say U.S. arms deliveries to Ukraine have resumed
March 12
March 12
UK calls Trump tariffs disappointing but doesn't retaliate
British Prime Minister Keir Starmer has expressed disappointment over the decision of the Trump administration to impose tariffs on global steel and aluminum imports
March 12
March 12
EU retaliates against Trump's trade moves and hits beef, whiskey, motorcycles with targeted tariffs
The European Union has announced retaliatory trade action with new duties on U.S. industrial and farm products
March 12
March 12
Asian shares are mixed after Wall Street briefly dips more than 10% below its record
Asian shares are trading mixed as investors weigh the impact of President Donald Trump’s tariffs, after another day of losses on Wall Street
March 12
March 12
In his own words: Trump takes credit for stock market rises but casts aside blame for sell-off
President Donald Trump in recent days has dismissed fears of a recession and brushed aside the stock market sell-off, going so far as to say, “You can’t really watch the stock market.”
March 12
March 12
Trump administration halts $1 billion program that keeps aging affordable housing livable
The Associated Press has obtained a document showing that the Trump administration is halting a $1 billion program that helps preserve affordable housing
March 12
March 12
This 'Dune' isn't fiction. It's the longest conveyer belt in the US and moving sand in Texas
A more than 40-mile long conveyor belt filled with sand stretches from the oil fields of West Texas to New Mexico, all for the purpose of one mission: oil production
March 12
March 12
Trump vows to take back 'stolen' wealth as tariffs on steel and aluminum imports go into effect
President Donald Trump is openly challenging U.S. allies by increasing tariffs on all steel and aluminum imports to 25% as he vows to take back wealth he says was “stolen” by other countries, drawing quick retaliation from Europe and Canada
March 12
March 11
Australia won't retaliate against 'unjustified' US tariffs on steel and aluminum
Australian Prime Minister Anthony Albanese says U.S. tariffs on Australian steel and aluminum are unjustified, but his government will not retaliate with its own tariffs
March 11
March 11
Yemen's Houthi rebels say 'any Israeli vessel' in nearby Mideast waterways again a target
Yemen’s Houthi rebels have warned shippers that “any Israeli vessel” traveling through nearby Mideast waters is now a target as Israel continues to block aid to the Gaza Strip
March 11