Business News

Latest Business Video

Latest Business Headlines

3 hours ago

Inflation held steady in February, according to Fed's preferred gauge

The reading matched economists' expectations.
3 hours ago
A shopper reaches for a carton of eggs in South Pasadena, California.
4 hours ago

Cargo ship that collided with US tanker in North Sea towed to Scottish port of Aberdeen

A cargo ship which collided with a U.S. tanker in the North Sea earlier this month has been towed to the Scottish port of Aberdeen
4 hours ago
The stricken container ship the Solong, which was involved in a collision with a tanker in the North Sea on March 10, is towed in to the port of Aberdeen, Scotland, Friday March 28, 2025. (Michal Wachucik/PA via AP)
March 28

What to do if you can't pay the taxes you owe

If you know or suspect you can’t pay the taxes you owe this tax season, you should still file a return with that information, or file for an extension
March 28
FILE - A page from the Internal Revenue Service website is shown on a laptop on Monday, April1, 2024 in New York. (AP Photo/Peter Morgan, file)
March 28

China's Xi makes strong push for greater foreign investment as economy continues to lag

Chinese President Xi Jinping has urged foreign investors to have faith in China's business prospects in an address to major global business leaders
March 28
Chinese President Xi Jinping applauds during a meeting with international business representatives at the Great Hall of the People in Beijing on Friday, March 28, 2025. (AP Photo/Ng Han Guan)
March 28

Syrians left in the dark as the interim government struggles to restore electricity

Rana Al-Ahmad opens her fridge after breaking fast at sundown with her family during the Islamic holy month of Ramadan
March 28
Tankers line up as they prepare to head to the rural areas where oil and gas fields are located in the outskirts Qamishli, northeast Syria, Saturday, March 22, 2025. Damascus is urgently working to secure as much fuel as possible to increase energy production, focusing on the country's northeastern provinces, where oil fields controlled by Kurdish-led authorities could help boost its capacity after a landmark ceasefire deal with them.(AP Photo/Baderkhan Ahmad)
March 28

Stock market today: Global shares skid as investors await more Trump tariffs

Global shares are mostly lower as investors mull the uncertainties brought by U.S. President Donald Trump’s latest tariffs
March 28
FILE - The New York Stock Exchange, Monday, Jan. 27, 2025, in New York. (AP Photo/Julia Demaree Nikhinson, File)
March 28

Trial of former President Sarkozy sheds light on France’s back-channel talks with Libya’s Gadhafi

The trial of former French President Nicolas Sarkozy over the alleged illegal financing of his 2007 presidential campaign is shedding light on France’s back-channel talks with the government of then-Libyan leader Moammar Gadhafi
March 28
FILE - Libyan leader Moammar Gadhafi gestures with a green cane as he takes his seat behind bulletproof glass for a military parade on Sept. 1, 2009, in Green Square, Tripoli, Libya. (AP Photo/Ben Curtis, File)
March 27

What do Trump's auto tariffs mean for car prices?

The 25% tariffs on imported cars will take effect next week.
March 27
New cars are parked at Tilbury Docks in Tilbury, Britain, Mar. 27, 2025.
March 27

US stocks close down to end volatile trading after Trump's auto tariffs announcement

Shares of major U.S. automakers dropped in early trading.
March 27
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, March 26, 2025.
March 27

What do auto tariffs mean for consumers?

Vehicle prices could rise by thousands of dollars, according to experts. 
March 27
What do auto tariffs mean for consumers?
March 27

GameStop slumps as its plan to sell debt to fund bitcoin purchases raises questions

GameStop shares plunged Thursday after the company's plans to sell debt to fund purchases of bitcoin raised some questions on Wall Street
March 27
FILE - The sign hangs above the doorway into a GameStop store, June 11, 2024, in Lone Tree, Colo. (AP Photo/David Zalubowski, file)
March 27

Average US rate for 30-year mortgage falls slightly to 6.65% after rising for 2 weeks

The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what is traditionally the busiest time of the year for the housing market
March 27
FILE - A for sale sign stands outside a home on the market in the Alamo Placita neighborhood Tuesday, Aug. 27, 2024, in central Denver. (AP Photo/David Zalubowski, File)
March 27

Lebanon appoints new central bank governor, works to climb out of economic crisis

Lebanon has appointed asset manager Karim Souaid to the post of central bank governor Thursday as the government tries to reform the economy after months of war and decades of mismanagement and corruption
March 27
This is a locator map for Lebanon with its capital, Beirut. (AP Photo)
March 27

Trump says TikTok deal could be reached by lowering China tariffs

ABC News’ Britt Clennett reports on the comments from President Donald Trump as his announcement of new tariffs on imported cars and auto parts is impacting global stock markets.
March 27
VIDEO: Trump says TikTok deal could be reached by lowering China tariffs
March 27

Shares of GM and other automakers slump following Trump tariffs, with Tesla the exception

Automaker stocks slumped following President Donald Trump’s announcement that he will place 25% tariffs on auto imports
March 27
FILE - This is the grill on a GMC Sierra Heavy Duty Denali HD 2500 truck on display at the Pittsburgh International Auto Show in Pittsburgh, Feb. 15, 2024. (AP Photo/Gene J. Puskar, File)
March 27

US applications for unemployment benefits hold steady, remain in recent healthy range

U.S. applications for unemployment benefits held steady last week, a sign that the labor market remains healthy as companies continue to retain their employees
March 27
Hiring sign is displayed outside of Prospect Heights Park District in Prospect Heights, Ill., Monday, March 24, 2025. (AP Photo/Nam Y. Huh)
March 27

U.S. economy grew 2.4% in the 4th quarter after upgrade from earlier estimate

The U.S. economy expanded at a healthy annual 2.4% pace the last three months of 2024, supported by a year-end surge in consumer spending
March 27
FILE - A consumer places a flat of eggs in a shopping cart in a Costco warehouse Tuesday, Feb. 18, 2025, in Sheridan, Colo. (AP Photo/David Zalubowski, File)
March 27

Europe lashes out over Trump auto tariffs and the economic threat to both continents

European automakers, already struggling with tepid economic growth at home and looming Chinese competition, on Thursday decried the U.S. import tax on cars as a new, heavy burden that would hurt companies and consumers on both sides of the Atlantic
March 27
New automobiles are loaded at the Port Newark Container Terminal in Newark, N.J., on Thursday, March 27, 2025. (AP Photo/Ted Shaffrey)
March 27

Anti-abortion groups mount effort to strip Planned Parenthood funding ahead of Supreme Court hearing

Major anti-abortion groups are gathering in the nation's capital to begin a lobbying effort with Congress and President Donald Trump’s administration aimed at eliminating funding for Planned Parenthood
March 27
Jennie Bradley Lichter President of the March for Life speaks during an anti-abortion rally on Capitol Hill in Washington, Thursday, March 27, 2025. (AP Photo/Jose Luis Magana)
March 27

A 'coalition of the willing' mulls more aid for Ukraine and a possible European armed force

Ukraine’s allies from across Europe have gathered for talks in Paris about how to strengthen Kyiv’s hand and its military as it pushes for a ceasefire with Russia
March 27
Ukraine's President Volodymyr Zelenskyy, left, French President Emmanuel Macron and Britain's Prime Minister Keir Starmer speak during a trilateral meeting on the sidelines of a summit for "coalition of the willing" at the Elysee Palace, Thursday, March 27, 2025. (Ludovic Marin, Pool via AP)
March 27

Brazilian President Lula swipes at Trump as US imposes auto tariffs

Brazilian President Luiz Inácio Lula da Silva has swiped at U.S. President Donald Trump's decision to raise tariffs on a wide range of products
March 27
Brazil's President Luiz Inacio Lula da Silva, second left, speaks with Japan's Prime Minister Shigeru Ishiba, unseen, during their meeting at the Akasaka Palace State Guest House in Tokyo Wednesday, March 26, 2025. (Kazuhiro Nogi/Pool Photo via AP)
March 26

Stock market today: Wall Street's slide extends after Trump raises tariffs on auto imports

Wall Street pointed lower in premarket trading Thursday after President Donald Trump announced he will slap 25% tariffs on imported cars
March 26
FILE - A sign outside the New York Stock Exchange marks the intersection of Wall and Broad Streets, Tuesday, Jan. 28, 2025, in New York. (AP Photo/Julia Demaree Nikhinson, File)
March 26

Trump announces 25% tariffs on imported cars, ratcheting up global trade war

The major stock indexes closed down on Wednesday.
March 26
President Donald Trump speaks to the media in the Oval Office at the White House in Washington, Mar. 26, 2025.
March 26

Republicans accuse NPR, PBS of bias at hearing; Democrats say its a partisan attack

The hearing was held by the Delivering on Government Efficiency subcommittee.
March 26
U.S. Rep. Robert Garcia (D-CA) speaks in front of poster of Sesame Street's Bert and Ernie during a House Oversight and Government Reform Committee hearing at the U.S. Capitol on March 26, 2025 in Washington, DC.
March 26

Trump announces new auto tariffs, ratcheting up global trade war

The auto tariffs are set to target a sector that employs more than a million U.S. workers and relies on a supply chain closely intertwined with Mexico and Canada.
March 26
The auto tariffs are set to target a sector that employs more than a million U.S. workers and relies on a supply chain closely intertwined with Mexico and Canada.
March 26

Congressional Republicans target PBS, NPR funding in contentious hearing

A House Republican pushing the Trump administration's government efficiency efforts has called for dismantling and defunding the nation's public broadcast system following a contentious public hearing on Wednesday
March 26
FILE - The headquarters for National Public Radio (NPR) stands on North Capitol Street, April 15, 2013, in Washington. (AP Photo/Charles Dharapak, File)
March 26

Frito-Lay recalls Tostitos chips because they may contain undeclared milk

Frito-Lay is recalling a limited number of Tostitos tortilla chips because they may contain undeclared milk
March 26
March 26

Hyundai shows off its new $7.6B electric vehicle plant in Georgia as Trump talks tariffs

Hyundai says it will expand production capacity by two-thirds at its sprawling new electric vehicle plant in Georgia
March 26
Euisun Chung, Executive Chair, Hyundai Motor Company, during a media tour at the Hyundai Motor Group Metaplant America, Wednesday, March 26, 2025, in Ellabell, Ga. (AP Photo/Mike Stewart)
March 26

NTSB chairwoman says reviewing the data after midair crash may prevent the next aviation accident

The head of the agency investigating the deadly midair collision that killed 67 said Wednesday that someone should have spotted the alarming number of near misses in the skies over the nation’s capital beforehand and reviewing the data now could preven...
March 26
FILE - A piece of wreckage is lifted from the water onto a salvage vessel near the site in the Potomac River of a mid-air collision between an American Airlines jet and a Black Hawk helicopter, at Ronald Reagan Washington National Airport, Feb. 4, 2025, in Arlington, Va. (AP Photo/Ben Curtis, file)
March 26

North Carolina government makes big tax revenues quickly from first year of sports betting

North Carolina government cashed in early when it came to reaping fiscal benefits from authorized sports wagering in the ninth-largest state
March 26
FILE - Fox Sports broadcaster Greg Olsen, who placed the first ceremonial bet in North Carolina, shows his receipt during a DraftKings event celebrating the launch of mobile and online sports wagering across the state at the NASCAR Hall of Fame, Monday, March 11, 2024, in Charlotte, N.C. (AP Photo/Erik Verduzco, File)
March 26

Con Edison will pay $750,000 to settle suit alleging harassment of female field workers

The New York utility provider Con Edison has agreed to pay $750,000 and implement a series of anti-harassment reforms to settle a lawsuit over claims it discriminated against its female and nonwhite employees
March 26
March 26

Tesla is suing to open dealerships in Wisconsin. It's become a big deal in the Supreme Court race

Tesla CEO Elon Musk is supporting the conservative candidate in the race to fill a seat on the Wisconsin Supreme Court, which could ultimately decide a Tesla lawsuit
March 26
The Tesla logo is displayed at a Tesla dealership Thursday, Mar. 13, 2025, in Miami. (AP Photo/Lynne Sladky)
March 26

Copper prices have soared as the US threatens tariffs on the metal and China boosts its economy

Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal
March 26
FILE - Power transmission towers line a street in Redondo Beach, Calif., Wednesday, Sept. 7, 2022. (AP Photo/Jae C. Hong, File)
March 26

US could run short of money to pay its bills by August without a debt limit deal: CBO

The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money to pay its bills— as early as August without a deal between lawmakers and the White House
March 26
Scott Bessent, United States Secretary of the Treasury, speaks at an Economic Club of New York luncheon in New York, Thursday, March 6, 2025. (AP Photo/Seth Wenig)
March 26

Sewage sludge can find a second life on farm fields. Here's how it's made

What goes down your toilet and drain can end up on farm fields across the United States
March 26
Josh Lutz displays some biosolids, also known as sewage sludge, Friday, March 7, 2025, at a wastewater treatment facility in Lockbourne, Ohio. (AP Photo/Joshua A. Bickel)
March 26

Founders of Black-owned brands adapt their hopes, business plans for a post-DEI era

The Black creators of some consumers products are rethinking their business plans as major U.S. companies end or water down their diversity, equity and inclusion programs
March 26
Brianna Arps poses for a photo, Friday, March 21, 2025, in Atlanta. (AP Photo/Mike Stewart)
March 26

What could tariffs on April 2 mean for prices and the economy?

Trump has referred to April 2 as "liberation day."
March 26
People shop in a Whole Foods Market supermarket in New York, on March 23, 2025.
March 26

Leaders of Brazil and Japan stress importance of democracy and free trade

Brazilian President Luiz Inácio Lula da Silva has stressed the importance of free trade and multilateralism and decried threats against democracy as he and Japan’s Prime Minister Shigeru Ishiba agreed to step up ties across the board
March 26
A general view shows the summit meeting between Japan's Prime Minister Shigeru Ishiba and Brazil's President Luiz Inacio Lula da Silva at the Akasaka Palace State Guest House in Tokyo on Wednesday, March 26, 2025. (Kazuhiro Nogi/Pool Photo via AP)
March 26

Dollar Tree sells Family Dollar to private equity firms after a decade

Dollar Tree is selling Family Dollar to a pair of private equity firms in a deal worth approximately $1 billion after unsuccessfully trying to incorporate it into its business for a decade
March 26
FILE - A woman leaves a Dollar Tree store in Urbandale, Iowa, on Feb. 25, 2021. (AP Photo/Charlie Neibergall, file)
March 26

Edmunds: Five best used three-row SUVs for under $30,000

A three-row SUV is ideal for car shoppers who need extra space for transporting lots of people and plenty of cargo
March 26
This photo provided by Mitsubishi shows the 2022 Outlander. The Outlander has a small third-row seat, but in exchange it's significantly less expensive than most other three-row SUVs. (Courtesy of Mitsubishi Motors USA via AP)
March 26

US adds Chinese tech firms to its export control list, says they sought US knowhow for military use

The U.S. has added dozens of companies to its export control, including more than 50 based in China that it says sought advanced knowhow in supercomputing, artificial intelligence and quantum technology for military purposes
March 26
FILE - President Donald Trump, left, shakes hands with China's President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan, June 29, 2019. (AP Photo/Susan Walsh, File)
March 26

Nissan's new CEO says the Japanese automaker will move faster to achieve a turnaround

The chief-executive-to-be at money-losing Japanese automaker Nissan is determined to speed up the company's decision-making to come up with models that say Nissan _ and really sell
March 26
In this photo provided by Nissan Motor Corp., Ivan Espinosa, who will become the chief executive at Japanese automaker Nissan in April, speaks at the Nissan Technical Center in Atsugi, Japan, Wednesday, March 25, 2025. (Nissan Motor Corp. via AP)
March 25

Stock market today: World markets are mixed after a slow day on Wall Street

World markets are mixed after a day of subdued trading on Wall Street
March 25
FIL:E - The New York Stock Exchange is shown in New York's Financial District on Dec. 23, 2024. (AP Photo/Peter Morgan, File)
March 25

Potential tariffs on Europe increase costs for US winemakers

ABC News’ Jaclyn Lee reported on how American winemakers are feeling the effects of President Donald Trump’s looming tariffs on European wine and spirits, as well as their concerns about future costs.
March 25
VIDEO: Potential tariffs on Europe leave American winemakers with increased costs 
March 25

Corporate capital Delaware is changing its law in fight pitting corporate insiders vs. investors

Delaware lawmakers are putting aside protests from big investors and approving fast-tracked legislation that backers say will protect its status as the world's corporate capital
March 25
FILE - Elon Musk departs the Capitol following a meeting with Senate Republicans, in Washington, Wednesday, March 5, 2025. (AP Photo/J. Scott Applewhite, file)
March 25

23andMe co-founder Anne Wojcicki resigns as company files for Chapter 11 bankruptcy

Founded in 2006, the company became popular with millions of Americans who sent in samples of saliva with the promise of learning about their ancestry and genetic health predispositions.
March 25
VIDEO: 23andMe co-founder Anne Wojcicki resigns as company files for Chapter 11 bankruptcy
March 25

What to know about Signal, which Pentagon previously discouraged workers from using

Trump officials have come under fire for using the app to discuss war plans.
March 25
A mobile device displays the Signal company logo while a laptop displays the webpage of the messaging app, on March 25, 2025.
March 25

Trump's crypto empire set to expand with new stablecoin and investment fund offerings

President Donald Trump’s crypto empire is expanding with the recent announcements of a new dollar-backed stablecoin and investment funds for digital assets
March 25
FILE - Then Former President Donald Trump speaks at the Bitcoin 2024 Conference, July 27, 2024, in Nashville, Tenn. (AP Photo/Mark Humphrey, File)
March 25

Kroger blames Albertsons for merger's demise in new court filings

Kroger is denying Albertsons’ claims that it didn’t do enough to ensure regulatory approval of the companies’ planned supermarket merger
March 25
FILE - Shoppers head into an Albertson's grocery store Saturday, Nov. 23, 2024, in Cheyenne, Wyo. (AP Photo/David Zalubowski, File)
March 25

Consumer attitudes worsen more than expected amid Trump's tariffs: Survey

Survey of shopper woes comes days before the onset of additional U.S. tariffs. ABC News' Alexis Christoforous has the details.
March 25
Survey of shopper woes comes days before the onset of additional U.S. tariffs. ABC News' Alexis Christoforous has the details.