Business News

Latest Business Video

Latest Business Headlines

21 minutes ago

In wake of Supreme Court ruling, Biden administration tells doctors to provide emergency abortions

The Democratic Biden administration is telling emergency room doctors they must perform emergency abortions when necessary to save a pregnant woman’s health
21 minutes ago
FILE - Sacred Heart Emergency Center is pictured March 29, 2024, in Houston. The Biden administration is telling emergency room doctors they must perform emergency abortions when necessary to save a pregnant woman's health. That's following last week's 6-3 Supreme Court ruling that failed to settle a legal dispute over whether state abortion bans override the federal law that requires hospitals to stabilize patients. (AP Photo/David J. Phillip, File)
22 minutes ago

After Supreme Court decision, the Biden administration reminds doctors they must provide emergency abortions

After Supreme Court decision, the Biden administration reminds doctors they must provide emergency abortions
22 minutes ago
34 minutes ago

Union sues Philadelphia over requirement that city workers return to the office full time

A union that represents thousands of Philadelphia city employees has asked a judge to block Mayor Cherelle Parker’s requirement that they return to their offices full time as of July 15
34 minutes ago
FILE - Philadelphia Mayor Cherelle Parker speaks at at Philadelphia International Airport, Feb. 16, 2024, in Philadelphia. A union that represents thousands of Philadelphia city employees has asked a judge to block Parker's mandate that they must return to working full-time in their offices as of Monday, July 15, 2024. (AP Photo/Matt Rourke, File)
38 minutes ago

Brazil data regulator bans Meta from mining data to train AI models

Brazil’s national data protection authority determined on Tuesday that Meta cannot use data originating in the country to train its artificial intelligence
38 minutes ago
1 hour ago

Tesla, Archer Aviation rise; Eli Lilly falls, Tuesday, 7/2/2024

Stocks that traded heavily or had substantial price changes on Tuesday: Tesla, Archer Aviation rise; Eli Lilly falls
1 hour ago
1 hour ago

Stanley Cup champion Panthers sign deal to move local broadcasts from Bally to Scripps Sports

The Stanley Cup champion Florida Panthers are moving their local broadcasts to Scripps Sports, leaving financially troubled Bally Sports and bringing the club’s games into more homes on a regular basis than ever before
1 hour ago
Florida Panthers head coach Paul Maurice lifts the Stanley Cup trophy after Game 7 of the NHL hockey Stanley Cup Final against the Edmonton Oilers, Monday, June 24, 2024, in Sunrise, Fla. The Panthers defeated the Oilers 2-1 (AP Photo/Rebecca Blackwell)
2 hours ago

Environmental groups decry attempt to delay shipping rules intended to save whales

A Georgia congressman has proposed a yearslong delay in changes to federal rules meant to protect vanishing whales
2 hours ago
FILE - This image provided by NOAA, shows a North Atlantic right whale in the waters off New England, May 25, 2024. Rep. Buddy Carter, R-Ga., has proposed a years-long delay to changes to federal rules meant to protect vanishing whales, prompting a rebuke from environmental groups who say the animals need protection now. (NOAA via AP, File)
2 hours ago

Apple class action lawsuit, Boston Celtics up for sale and an amusement park merger

ABC News business reporter Alexis Christoforous discusses the latest economic trends.
2 hours ago
VIDEO: Apple class action lawsuit, Boston Celtics up for sale and an amusement park merger
2 hours ago

Google falling short of important climate target, cites electricity needs of AI

Google, which has an ambitious plan to address climate change with cleaner operations, came nowhere close to its goals last year, according to the company’s annual Environmental Report Tuesday
2 hours ago
FILE - A sign is displayed on a Google building at their campus in Mountain View, Calif., on Sept. 24, 2019. Google fell far short of its ambitious goals to address climate change by cleaning up its operations, according to the company’s annual Environmental Report released on Tuesday, July 2, 2024. (AP Photo/Jeff Chiu, File)
2 hours ago

Google falling short of important climate target, cites electricity needs of AI

Google falling short of important climate target, cites electricity needs of AI
2 hours ago
3 hours ago

AI is learning from what you said on Reddit, Stack Overflow or Facebook. Are you OK with that?

Post a comment on Reddit, answer coding questions on Stack Overflow or share a baby photo on your public Facebook or Instagram feed and you are also helping to train the next generation of artificial intelligence
3 hours ago
Stack Overflow CEO Prashanth Chandrasekar poses on May 21, 2024, in Cambridge, Mass. Chandrasekar said the company is trying to balance rising demand for instant chatbot-generated coding assistance with the desire for a community "knowledge base" where people still want to post and "get recognized" for what they've contributed. (AP Photo/Matt O'Brien)
4 hours ago

The US will pay Moderna $176 million to develop an mRNA pandemic flu vaccine

The U.S. government will pay the vaccine maker Moderna $176 million to accelerate development of a pandemic influenza vaccine
4 hours ago
FILE - A patient is given a flu vaccine Oct. 28, 2022, in Lynwood, Calif. On Tuesday, July 2, 2024, the U.S. Department of Health and Human Services announced plans to pay Moderna $176 million to develop a mRNA vaccine to treat bird flu in people, as cases in dairy cows continue to mount across the country. (AP Photo/Mark J. Terrill, File)
4 hours ago

US will pay vaccine maker Moderna $176 million to develop an mRNA-based pandemic flu vaccine

US will pay vaccine maker Moderna $176 million to develop an mRNA-based pandemic flu vaccine
4 hours ago
July 02

US job openings rise to 8.1 million despite higher interest rates

U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates
July 02
A hiring sign is displayed at a restaurant in Arlington Heights, Ill., Friday, June 28, 2024. On Tuesday, July 2, 2024, the Labor Department reports on job openings and labor turnover for May. (AP Photo/Nam Y. Huh)
July 02

U.S. job openings rise slightly to 8.1 million in May despite high interest rates intended to cool labor market

U.S. job openings rise slightly to 8.1 million in May despite high interest rates intended to cool labor market
July 02
July 02

Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates

Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said, while adding that more such evidence would be needed before the Fed would cut interest rates
July 02
FILE - Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, June 12, 2024. Powell will be in Portugal on Tuesday, July 2, 2024, to take part in a panel discussion on central banking policy with members of the European Central Bank. (AP Photo/Susan Walsh, File)
July 02

The Supreme Court will hear an appeal to upend Texas' age verification law for porn websites

The Supreme Court has agreed to hear an appeal from the adult entertainment industry seeking to upend a Texas law that requires pornographic websites to verify the age of their users
July 02
U.S. Supreme Court Police officers stand outside the U.S Supreme Court Monday, July 1, 2024, in Washington. (AP Photo/Mariam Zuhaib)
July 02
The Supreme Court is seen Monday, July 1, 2024, in Washington. (AP Photo/Mariam Zuhaib)
July 02

Federal Reserve Chair Powell: US inflation is slowing again after higher readings earlier this year

Federal Reserve Chair Powell: US inflation is slowing again after higher readings earlier this year
July 02
July 02

US gives key approval to Atlantic Shores offshore wind farm in New Jersey

The U.S. Interior Department has approved the proposed Atlantic Shores offshore wind farm in New Jersey
July 02
FILE - Land-based wind turbines spin in Atlantic City. N.J. on Nov. 3, 2023. On Monday, July 1, 2024, the U.S,. Interior Department approved the Atlantic Shores offshore wind project in New Jersey, which would be the state’s first wind farm once additional federal and state approvals are granted. (AP Photo/Wayne Parry, File)
July 02

Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected

Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall
July 02
Tesla vehicles are stored at a shopping mall parking lot near a closed movie theater Friday, June 21, 2024, in Scottsdale, Ariz. (AP Photo/Ross D. Franklin)
July 02

Small businesses could find filing for bankruptcy more difficult as government program expires

A type of bankruptcy protection filing that made it easier for small businesses to seek relief has expired, which will complicate filing for small businesses with more than $3 million in debt
July 02
FILE - A person walks past an ice cream stand on the boardwalk, Thursday, June 2, 2022, in Ocean City, N.J. A type of bankruptcy protection filing that made it easier for small businesses to seek relief has expired, which will complicate filing for small businesses with more than $3 million in debt. (AP Photo/Matt Slocum, File)
July 02

Arthur Crudup: What to know about the bluesman who wrote Elvis's first hit and barely got paid

Arthur “Big Boy” Crudup helped invent rock ‘n’ roll
July 02
In this image provided by Jeff Titon, Athur Crudup performs in Ann Arbor, Mich., Sunday, Aug. 3, 1969. Crudup wrote the song “That’s All Right,” which Elvis Presley later recorded for his first single. (Jeff Titon via AP)
July 02

Tesla delivered 443,956 vehicles during the second quarter, a 4.8% decline from last year, but better than expected

Tesla delivered 443,956 vehicles during the second quarter, a 4.8% decline from last year, but better than expected
July 02
July 02

Arthur Crudup wrote the song that became Elvis' first hit. He barely got paid

Arthur “Big Boy” Crudup helped invent rock ‘n’ roll
July 02
In this image provided by Jeff Titon, Athur Crudup performs in Ann Arbor, Mich., Sunday, Aug. 3, 1969. Crudup wrote the song “That’s All Right,” which Elvis Presley later recorded for his first single. (Jeff Titon via AP)
July 02

French candidates make hurried deals to try to stop far-right National Rally from leading government

French opposition parties are making hurried deals to try to block a landslide victory for Marine Le Pen’s far-right National Rally in Sunday’s second round of legislative elections
July 02
Supporters of French far right leader Marine Le Pen react after the release of projections based on the actual vote count in select constituencies , Sunday, June 30, 2024 in Henin-Beaumont, northern France. French voters propelled the far-right National Rally to a strong lead in first-round legislative elections Sunday and plunged the country into political uncertainty, according to polling projections. (AP Photo/Thibault Camus)
July 02

2 aid workers killed in the latest violent attack in eastern Congo’s conflict

Two aid workers have been killed in eastern Congo when their convoy was attacked
July 02
July 02

Le Pen first had success in an ex-mining town. Her message there is now winning over French society

In the former mining town at the heart of French far-right leader Marine Le Pen’s political strategy, her party’s electoral success came as no surprise to hundreds of supporters who gathered to see her victory speech
July 02
A French flag is attached to a car's antenna in Henin-Beaumont, northern France, Sunday, June 30, 2024. In the former mining town at the heart of French far-right leader Marine Le Pen's long-term political strategy, her party's electoral success Sunday came as no surprise to hundreds of supporters who gathered to see her victory speech. (AP Photo/Thibault Camus)
July 02
FILE - President of European Central Bank, Christine Lagarde, attends a press conference after an ECB's governing council meeting in Frankfurt, Germany, on Jan. 25, 2024. The European Central Bank appears ready to start cutting interest borrowing costs for businesses and consumers - and do it ahead of the Fed. Analysts say a first rate cut is coming Thursday when the bank's policymakers meet in Frankfurt, Germany. . (AP Photo/Michael Probst, File)
July 02

Biden administration provides $504 million to support 12 technology hubs nationwide

The Biden administration says it's providing $504 million in implementation grants for a dozen technology hubs in Ohio, Montana, Nevada and Florida, among other locations
July 02
FILE - Commerce Secretary Gina Raimondo testifies on Capitol Hill, May 15, 2024, in Washington. The Biden administration said Tuesday, July 2, 2024, that it was providing $504 million in implementation grants for a dozen "tech hubs" in Ohio, Montana, Nevada and Florida, among other locations. The money would support the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and other technologies. "The reality is there are smart people, great entrepreneurs, and leading edge research institutions all across the country,' Raimondo said in a call previewing the announcement. (AP Photo/Mariam Zuhaib, File)
July 02

Biden proposes new rule to protect 36 million workers from extreme heat

President Joe Biden has proposed a new rule to address excessive heat in the workplace
July 02
President Joe Biden speaks during a visit to the D.C. Emergency Operations Center, Tuesday, July 2, 2024, in Washington. (AP Photo/Evan Vucci)
July 02

Inflation falls slightly to 2.5% in Europe in June, remains stuck above levels favored by central bank

Inflation falls slightly to 2.5% in Europe in June, remains stuck above levels favored by central bank
July 02
July 02
A currency trader passes by the screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, July 2, 2024. (AP Photo/Ahn Young-joon)
July 02

UN adopts Chinese resolution on closing the gap in access to artificial intelligence

The U.N. General Assembly has adopted a Chinese-sponsored resolution urging wealthy and developed nations to close the widening gap with poorer developing countries and ensure they have equal opportunities to use and benefit from artificial intelligence
July 02
FILE -Fu Cong, China's permanent representative to the United Nations addresses members of the U.N. Security Council during a meeting on Non-proliferation of nuclear weapons, April 24, 2024 at United Nations headquarters. The United Nations General Assembly adopted a Chinese-sponsored resolution with U.S. support urging wealthy developed nations to close the widening gap with poorer developing countries and ensure that they have equal opportunities to use and benefit from artificial intelligence.Fu Cong told reporters Monday that the two resolutions are complementary, with the U.S. measure being “more general” and the just-adopted one focusing on “capacity building.”(AP Photo/Eduardo Munoz Alvarez, File)
July 02

California considers unique safety regulations for AI companies, but faces tech firm opposition

California lawmakers are weighing a bill that would regulate powerful artificial intelligence systems
July 02
FILE - State Sen. Scott Wiener, D-San Francisco, watches as the Senate votes on a measure at the Capitol in Sacramento, Calif., Thursday, April 11, 2024. Wiener is the author of a bill aiming to regulate powerful generative AI systems.Tech giants including Meta and Google are joining small tech startups in California to push back on the bill, they argue the proposal would stifle innovation in a state that is touting itself as a global AI hub. (AP Photo/Rich Pedroncelli,File)
July 01

Judge sides with 16 states, putting on pause Biden's delay of consideration of gas export projects

A Louisiana judge says the Biden administration can't delay consideration of projects aimed at exporting liquefied natural gas while a legal challenge plays out in federal court
July 01
FILE - A flare burns at Venture Global LNG in Cameron, La., April 21, 2022. What would be the nation's largest export terminal for liquified natural gas won approval from a federal commission Thursday, June27, 2024 although when the southwest Louisiana project will be completed remains unclear in light of a Biden administration delay on such projects announced earlier this year. (AP Photo/Martha Irvine, File)
July 01
FILE - Associated Press Sports Editor Darrell Christian addresses a writing seminar for the AP's Nashville staff in September 1980, in Nashville, Tenn. Christian, a former managing editor and sports editor of the AP known for a demanding demeanor and insistence on excellence during more than four decades with the news agency, died Monday, July 1, 2024. He was 75. (AP Photo/Corporate Archives, File)
July 01

What to know about the plea deal offered Boeing in connection with 2 plane crashes

Federal prosecutors and victims’ families are waiting for Boeing to decide whether to accept a plea deal that would settle a criminal fraud charge
July 01
U.S. investigators examine parts recovered from the crash of a Lion Air jet at Tanjung Priok Port in Jakarta, Indonesia, Nov. 1, 2018. Lion Air flight 610, a Boeing 737 Max, crashed minutes after takeoff on Oct. 29, 2018. U.S. prosecutors and victims' families are waiting for Boeing to decide whether to accept a plea deal that would settle a criminal charge that the aerospace giant misled regulators who approved the 737 Max before two of the jetliners crashed in Indonesia and Ethiopia. (AP Photo/Tatan Syuflana, File)
July 01

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for August delivery rose $1.84 to $83.38 per barrel Monday
July 01
July 01

How will stocks perform in second half of 2024?

The stock market defied expectations in the first half of 2024, according to experts.
July 01
The stock market defied expectations in the first half of 2024, according to experts.
July 01

Appeals court allows part of Biden student loan repayment plan to go forward

A federal appeals court has allowed the U.S. Education Department to move ahead with a plan to lower monthly payments for millions of student loan borrowers, putting on hold a ruling last week by a lower court
July 01
FILE - President Joe Biden speaks about student loan debt relief at Delaware State University, Oct. 21, 2022, in Dover, Del. A federal appeals court has allowed the U.S. Education Department to move ahead with a plan to lower monthly payments for millions of student loans borrowers. (AP Photo/Evan Vucci, File)
July 01

Where is the stock market headed in the 2nd half of 2024?

The S&P 500 has climbed nearly 15% this year.
July 01
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, June 24, 2024.
July 01
In this photo released by the Taliban Spokesman Office, Zabihullah Mujahid, the chief spokesman for the Taliban government who leads the Taliban delegation, center right, speaks with Russian Presidential Envoy to Afghanistan Zamir Kabulov, during a meeting in Doha, Qatar, Sunday, June 30, 2024. A Taliban delegation is attending a United Nations-led meeting in Qatar on Afghanistan after organizers said women would be excluded from the gathering. The two-day meeting is the third U.N.-sponsored gathering on the Afghan crisis. (Taliban Spokesman Office via AP)
July 01

TV personality Carlos Watson testifies in his trial over collapse of startup Ozy Media

Former TV host Carlos Watson has taken the witness stand in the criminal trial surrounding the collapse of his Ozy Media
July 01
FILE - CEO and co-founder of Ozy Media Carlos Watson arrives at Brooklyn Federal Court, June 7, 2024 in New York. Watson began testifying trial in the federal criminal trial surrounding the collapse of his Ozy Media. (AP Photo/Adam Gray, file)
July 01

Ownership group of NBA champion Boston Celtics is putting team up for sale

The Celtics were valued at $4.7 billion last year by Forbes.
July 01
Boston Celtics owner Wyc Grousbeck raises the trophy after defeating the Dallas Mavericks in Game 5 of the NBA basketball finals, Monday, June 17, 2024, in Boston. (AP Photo/Michael Dwyer)
July 01

Redbox owner Chicken Soup for the Soul files for Chapter 11 bankruptcy protection

Chicken Soup for the Soul Entertainment, the parent of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection
July 01
FILE - A rental DVD is dispensed from a Redbox at a 7-Eleven in Los Angeles on August 7, 2009. Chicken Soup for the Soul Entertainment, the owner of DVD rental operator Redbox, filed for Chapter 11 bankruptcy protection, Friday, June 28, 2024. (AP Photo/Damian Dovarganes, File)
July 01

Chinese woman facing charge of trying to smuggle turtles across Vermont lake to Canada

Border Patrol agents say a woman from China has been arrested at a Vermont lake bordering Quebec for trying to smuggle 29 eastern box turtles, a protected species, into Canada by kayak
July 01
FILE - In a photo taken Saturday May, 2, 2009, a male Eastern Box Turtle moves across a path at Wildwood Lake Sanctuary in Harrisburg, Pa. A woman from China was arrested on June 28, 2024, at a Vermont lake bordering Quebec for trying to smuggle 29 eastern box turtles, a protected species, into Canada by kayak, according to Border Patrol agents. (AP Photo/Carolyn Kaster, File)
July 01

Chewy, Blackrock fall; Spirit AeroSystems, Amedisys rise, Monday, 7/1/2024

Stocks that traded heavily or had substantial price changes on Monday: Chewy, Blackrock fall; Spirit AeroSystems, Amedisys rise
July 01
July 01

Japanese executive among dozens arrested in Myanmar for allegedly selling rice above set prices

Myanmar’s state-run media say the country's military government has arrested a Japanese business executive, along with dozens of local businessmen, for allegedly selling rice at prices well above the officially regulated ones
July 01
A person walks outside of Aeon Orange supermarket in Yangon, Myanmar, Monday, July 1, 2024. Myanmar’s military government has arrested a Japanese business executive, along with dozens of local businessmen, for allegedly selling rice at prices well above the officially regulated ones, state-run media said Monday. The reports said Hiroshi Kasamatsu, a director of Aeon Orange, was detained. (AP Photo)
July 01

Swedes take a new step in parental leave. Grandparents can now get paid to take care of grandkids

Sweden is launching a groundbreaking new law that allows grandparents to care for their grandchild and get paid
July 01
FILE - Henrik Holgersson, right, watches his son, Arvid, center with hat, play with Walter Johansson accompanied by his father Henrik Johansson at a playground in Stockholm, Sweden, Wednesday June 29, 2011. Fifty years after Sweden became the first country in the world to introduce paid parental leave for fathers, the Scandinavian country has launched a groundbreaking new law granting paid leave allowing grandparents and other legal guardians to care for a child. The law came into effect Monday, July 1, 2024. (AP Photo/Niklas Larsson, File)