Business News

The SEC alleges Musk violated federal securities laws in a new lawsuit.

A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result

U.S. food inspectors documented unsanitary conditions at several Boar's Head deli meat plants, not just the Jarratt, Virginia, factory that was shut down last year

A federal appeals court says the U.S. Securities and Exchange Commission needs to better explain why it turned down a request from Coinbase to develop regulations to cover the booming crypto asset sector

Spirits giant Brown-Forman Corp. says it’s reducing its global workforce by about 12% and closing its barrel-making plant in Louisville

Analysts at Wells Fargo and Goldman Sachs said the total cost, including non-insured damages, could top $40 billion.

This is the "costliest wildfire event in California history."

The tax deadline for some small businesses affected by severe weather in 2024 is drawing near, the IRS is reminding owners

Interpol says a major operation targeting illegal gold mining in West Africa has resulted in 200 arrests and the seizure of harmful chemicals, explosives and drugs

U.S. wholesale inflation rose last month on higher energy prices

The World Economic Forum’s president says U.S. President Donald Trump will take part virtually in the annual meeting in Davos just days after his inauguration

Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties bought by non-European Union residents

Wall Street pointed modestly higher ahead of this week’s latest U.S. inflation reports and the unofficial start of earnings season

Canada’s ambassador to Washington says Canada is prepared to buy more from the United States including its next fleet of submarines to appease President-elect Donald Trump's concerns about the U.S.-Canada trade deficit

The yield on 10-year U.S. Treasury bonds reached its highest level in 14 months.

Johnson & Johnson will spend more than $14 billion to move deeper into treating central nervous system disorders by purchasing Intra-Cellular Therapies

Shares of Moderna tumbled Monday after the vaccine maker predicted a steeper-than-expected sales drop in the new year

Austrian far-right leader Herbert Kickl and his prospective coalition partners say they have reached an agreement to bring down the budget deficit

Thailand’s Cabinet approved a draft bill legalizing casinos with the aim of boosting tourism and a sluggish economy Some forms of gambling, such as betting on boxing and horse racing, are allowed but casinos remain illegal in the Southeast Asian country

Sales of all types of electric vehicles rose more than 40% in China last year, while those of gasoline-powered automobiles plunged

Automakers are joining forces to boost their scale and competitiveness to contend with industry newcomers like iPhone maker Foxconn

China's exports grew 10.7% in December, beating estimates ahead of uncertainty over trade tariffs

Canadian Prime Minister Justin Trudeau has suggested that President-elect Donald Trump’s remarks about Canada becoming America’s “51st state” is distracting the public from the harm that steep tariffs would have on U.S. consumers

The Philadelphia 76ers have decided not to build a $1.3 billion downtown arena

Walmart says customers should throw out a chicken broth product that was sold at stores in mostly Southern states late last year

The sight of celebrity mansions and movie landmarks reduced to ashes can make it seem like the wildfires roaring through the Los Angeles area affected a constellation of movie stars

The wildfires that erupted this week across Los Angeles County are far from contained, but they're already expected to be the costliest in U.S. history and among the worst natural disasters

As the TikTok ban looms, Americans are asking, "what's next?" Investor Kevin O'Leary joins the show.

Shock and grief have given way to finger-pointing over whether additional security could have stopped — or mitigated — the attack that killed 14 people when Shamsud-Din Jabbar drove a pickup through a New Year’s crowd

A majority of justices on the Supreme Court appear inclined to uphold the ban.

Japan and Indonesia have pledged to deepen economic and defense ties during a visit by the Japanese prime minister

Britain’s Treasury chief has kicked off a China visit aimed at boosting economic and financial cooperation between the countries, as the U.K.’s Labour government seeks to reset strained ties with Beijing

Los Angeles sports organizations are uniting to launch an “LA Strong” custom logo and apparel line that will raise money for organizations assisting those impacted by this week’s devasting wildfires

Employers added 256,000 workers last month, surpassing economist expectations of 155,000 jobs added, U.S. Bureau of Labor Statistics data on Friday showed.

Walgreens booked a better-than-expected fiscal first quarter, but the drugstore chain lost $265 million as it closed U.S. stores and continued work to revive its business

Constellation is buying power natural gas and geothermal power provider Calpine in a cash-and-stock deal valued at approximately $16.4 billion, joining together two of the country’s biggest power companies

Britain’s Treasury chief is travelling to China this weekend to discuss economic and financial cooperation between the countries, as the U.K.‘s Labour government seeks to reset frayed ties with Beijing

State-run Pakistan International Airlines has resumed direct flights to Europe following a decision by the European Union’s aviation safety agency to lift a four-year ban over safety standards

An oil tanker that burned for weeks in the Red Sea and threatened a massive oil spill has been “successfully” salvaged

A senior official of the European Investment Bank says the regional lending agency is keen to double its funding for Bangladesh, but she expressed concern over human rights as the country endures a spell of political turmoil

Every time planned electrical outages are imposed on his village in southern Moldova, 73-year-old retiree Vasili Donici passes the time by solving crosswords and puzzles in a room he illuminates using a small gas lamp

Credit card defaults are on the rise for Americans, reaching the highest amount in 14 years

The United Nations says the world economy resisted battering by conflicts and inflation last year and is expected to grow a subdued 2.8% in 2025

A senior official says Canada is looking at putting retaliatory tariffs on American orange juice, sinks, toilets and some steel products if U.S. President-elect Donald Trump goes ahead with his threat to impose 25% on all Canadian products

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July

Two hundred Utah ski patrollers have ended a nearly two-week strike and returned to work at the biggest ski resort in the U.S. The union representing Park City Mountain Resort ski patrollers is claiming victory after voting Wednesday to accept a deal n...

Sustainability is a key theme this year at the annual CES tech trade show in Las Vegas

More states are joining a legal battle going after landlords. ABC News’ Andrea Fujii reports.

An annual U.S. government report on “notorious markets” known for counterfeiting and other violations of intellectual property says that nearly all 35,000 online pharmacies around the world are being run illegally

The late New York Sen_ Daniel Patrick Moynihan put it this way decades ago: “Everyone is entitled to his own opinion, but not his own facts.”