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EXPLAINER: Why Sri Lanka's economy collapsed and what's next
Sri Lanka’s prime minister says the island nation's debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel
June 23, 2022What interest rate hikes mean for you and the economy
Rate hikes impact people in largely negative ways, experts told ABC News.
June 16, 2022Delta wins right to stay at Dallas airport after lawsuit
The agreement ends a long court fight over gates at the city-owned airport.
June 23, 2022
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June 24
Airlines aim to shift blame for flight problems to FAA
With an eye on the upcoming July Fourth weekend, airlines are stepping up their criticism of federal officials over recent widespread flight delays and cancellations
June 24
June 24
Airline merger: Frontier sweetens offer for Spirit Airlines
The bidding war over Spirit Airlines is heating up again
June 24
June 24
Pilots in line for big raises amid global travel disruptions
Pilots at United Airlines are in line to get pay raises over the next 18 months
June 24
June 24
Carnival shares cruise higher on gains in revenue, bookings
Shares of Carnival Corp. have surged after it reported higher revenue, occupancy levels on its cruise ships, and bookings for future trips
June 24
June 24
After Roe, Dems seek probe of tech's use of personal data
Four Democratic lawmakers are asking federal regulators to investigate Apple and Google for allegedly deceiving mobile phone users by enabling the collection and sale of their personal data
June 24
June 24
Stocks rally, driving Wall Street to a rare winning week
Stocks rallied on Wall Street Friday, sending the S&P 500 up 3.1% for its best gain in two years
June 24
June 24
CEOs speak out on ‘crushing blow’ at Supreme Court
Facebook-parent Meta, JPMorgan Chase will cover employee travel for abortions.
June 24
June 24
Wells Fargo, Carnival rise; CalAmp, Lending Tree fall
Stocks that traded heavily or had substantial price changes Friday: Wells Fargo, Carnival rise; CalAmp, Lending Tree fall
June 24
June 24
How major US stock indexes fared Friday 6/24/2022
Wall Street rallied on Friday, lifting the S&P 500 3.1% for its best gain in two years
June 24
June 24
Ukrainian army leaving battered city for fortified positions
Ukrainian officials said their country's forces are withdrawing from a besieged eastern city to move to stronger positions
June 24
June 24
Closing prices for crude oil, gold and other commodities
Closing prices for crude oil, gold and other commodities, and foreign exchange levels
June 24
June 24
Juul seeks to halt FDA order banning e-cigarette sales in US
Juul has asked a federal court to block the government agency's order.
June 24
June 24
Stars turn out for Dior's 19,000 blooms at Paris show
Flowers, art, and Dior’s world-famous ateliers collided on Friday at Paris Fashion Week for a sweet-smelling explosion of creativity
June 24
June 24
A world apart, Lebanon and Sri Lanka share economic collapse
Both nations have seen the collapse of once-prosperous economies.
June 24
June 24
Airport chaos: European travel runs into pandemic cutbacks
Travel demand is back, but airlines and airports that cut jobs are struggling.
June 24
June 24
UK Conservatives lose 2 elections in blow to Boris Johnson
British Prime Minister Boris Johnson’s leadership of the Conservative party has suffered a heavy double blow as voters rejected the Tories in two special elections
June 24
June 24
Dutch government to rein in flights at Schiphol Airport
The Dutch government plans to cut the maximum number of flights allowed each year at the country’s busiest aviation hub, Schiphol Airport, in an attempt to reduce noise and air pollution
June 24
June 24
Turkey wildfire largely under control, Erdogan says
Turkish President Recep Tayyip Erdogan says that a wind-stoked wildfire that has been raging near a popular resort in southwestern Turkey has been “largely” brought under control
June 24
June 24
Zelenskyy urges Glastonbury crowd to spread truth about war
The Ukrainian president urged music fans to “spread the truth about" the war.
June 24
June 24
Afghanistan earthquake victims face struggles getting aid
Donations for Afghanistan earthquake victims will face far more hurdles than other disasters, due to sanctions against the country’s Taliban government and its troubled relationship with Western nations, experts say
June 24
June 24
Afghanistan earthquake victims face struggles getting aid
Donations for Afghanistan earthquake victims will face far more hurdles than other disasters, due to sanctions against the country’s Taliban government and its troubled relationship with Western nations, experts say
June 24
June 24
Solidarity behind Ukraine's Russia fight atop summit agendas
Back-to-back world leader summits in Europe this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia’s invasion and overcoming Turkey’s opposition to NATO membership for Finland and Sweden
June 24
June 24
Cyprus signs deal for Airbus attack helicopters
Cyprus has signed a deal with Airbus Helicopters to purchase six light attack helicopters with an option for another six as it seeks to shed Soviet-era armaments and procure military equipment compatible with other European Union member states
June 24
June 24
EU leaders endorse Croatia's switch to euro currency
European Union leaders have agreed that Croatia will join the group of countries using the euro currency next year
June 24
June 24
EU leaders tackle inflation, energy shocks from Russia's war
European Union leaders are discussing their response to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises
June 24
June 24
The threat retirees may face from market turmoil
The crunch of rising costs and falling stocks poses a challenge, experts said.
June 24
June 24
Swiss customs tracks importation of Russian gold worth $200M
Swiss customs authorities are tracking about 3 tons of gold of Russian origin that entered Switzerland from Britain last month to watch for potential violations of economic sanctions against Russia following the invasion of Ukraine
June 24
June 24
Asian shares gain, tracking Wall Street advance
Shares are higher in Asia, tracking gains on Wall Street, where the market is headed for its first weekly gain after three weeks of punishing losses
June 24
June 23
Fix the Hog: Harley, Westinghouse ordered to fix warranties
The companies are accused of imposing illegal warranty terms on customers.
June 23
June 23
All big US banks pass Fed's annual 'stress tests'
The nation’s 3 biggest banks have enough capital to withstand a severe economic contraction
June 23
June 23
Delta wins right to stay at Dallas airport after lawsuit
The agreement ends a long court fight over gates at the city-owned airport.
June 23
June 23
FDA bans Juul e-cigarettes tied to teen vaping surge
U.S. health regulators have ordered vaping company Juul to pull its electronic cigarettes from the market
June 23
June 23
Settlement would forgive $6B for defrauded college students
The Biden administration has agreed to cancel $6 billion in student loans for about 200,000 former students who say they were defrauded by their colleges
June 23
June 23
How major US stock indexes fared Thursday 6/23/2022
Stocks shook off a midday slump and ended higher, keeping major indexes on track for weekly gains
June 23
June 23
Mosaic, Bank of America fall; KB Home, Rite Aid rise
Stocks that traded heavily or had substantial price changes Thursday: Mosaic, Bank of America fall; KB Home, Rite Aid rise
June 23
June 23
Yelp closes three US offices, says remote work is its future
Yelp is closing three of its U.S. offices after finding most of its employees prefer to work remotely
June 23
June 23
The AP Interview: Estonian PM says Russia not weary of war
Estonian Prime Minister Kaja Kallas has told The Associated Press that the West shouldn't underestimate Russia’s military capabilities in Ukraine and that President Vladimir Putin's forces are in it for the long haul
June 23
June 23
Oil industry says Granholm meeting sends 'positive signal'
Groups representing the oil industry and refiners say a meeting with Energy Secretary Jennifer Granholm was productive and should send a signal to markets that the United States is committed to long-term investments in the oil and refining industry
June 23
June 23
Closing prices for crude oil, gold and other commodities
Closing prices for crude oil, gold and other commodities, and foreign exchange levels
June 23
June 23
Musk vows fast fix for new "money furnace" Tesla factories
Tesla CEO Elon Musk described the electric automaker’s factories in Austin and Berlin as “money furnaces” that were losing billions of dollars because supply chain breakdowns were limiting the number of cars they can produce
June 23
June 23
Powell: Fed must convince public it can tame inflation
As if their job weren’t hard enough at a time of raging inflation, Chair Jerome Powell and his Federal Reserve colleagues have to do more these days than decide just how much to raise interest rates without triggering a recession
June 23
June 23
Instagram tests using AI, other tools for age verification
Instagram is testing new ways to verify the age of people using its service, including a face-scanning artificial intelligence tool, having mutual friends verify their age or uploading an ID
June 23
June 23
Airport chaos: European travel runs into pandemic cutbacks
After two years of restrictions, travel demand is back with a vengeance.
June 23
June 23
EXPLAINER: Why Sri Lanka's economy collapsed and what's next
Sri Lanka’s prime minister says the island nation's debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel
June 23
June 23
European Union leaders set to grant Ukraine candidate status
EU leaders are set to grant Ukraine a candidate status to join the bloc.
June 23
June 23
United cuts flights at Newark in effort to reduce delays
United Airlines will cut about 50 flights a day in Newark, New Jersey, to try to limit flight delays and cancellations there this summer
June 23
June 23
Average long-term US mortgage rates inch up to 5.81%
Average long-term U.S. mortgage rates inched up this week following last week’s mammoth jump, the biggest in 35 years
June 23
June 23
Buffett's firm picks up $500 million more Occidental shares
Warren Buffett's Berkshire Hathaway bought more than $500 million worth of Occidental Petroleum shares over the past week as it continued to invest heavily in oil producers this year
June 23
June 23
Trains canceled in UK as unions stage 2nd 24-hour walkout
Millions of people in Britain are facing disruption.
June 23
June 23
Wall Street's bubble may be gone, but stocks can still fall
This year's sell-off for Wall Street means stocks no longer look to be in a dangerously overvalued bubble, as some critics had warned
June 23