Business News

Latest Business Video

Latest Business Headlines

33 minutes ago

How major US stock indexes fared Thursday, 1/4/2024

Wall Street’s weak start to 2024 carried into a third day
33 minutes ago
1 hour ago

'Fat Leonard' seeks new attorneys ahead of sentencing in Navy bribery case, causing another delay

Convicted Malaysian defense contractor Leonard Francis who led a daring escape weeks before he was scheduled to be sentenced in 2022 is seeking new defense attorneys now that he is back in U.S. custody after the Venezuelan prisoner swap last month
1 hour ago
FILE - This undated photo provided by the U.S. Marshals Service shows Leonard Francis. Convicted defense contractor Leonard "Fat Leonard" Francis who led a daring escape weeks before he was scheduled to be sentenced in 2022 made his first appearance in federal court in San Diego on Thursday, Jan. 4, 2024, after being returned to U.S. custody as part of the Venezuelan prisoner swap. (U.S. Marshals Service via AP, File)
1 hour ago

Federal agency blames 'poor safety culture' for 2021 DC Metro train derailment

A top federal transportation safety official is harshly criticizing Washington's regional transit agency, saying a “poor safety culture” led to an October 2021 derailment that caused hundreds of new Metro railcars to be pulled from service
1 hour ago
FILE - A train arrives at Metro Center station, April 23, 2021, in Washington. Federal officials are harshly criticizing Washington's regional transit agency, saying a "poor safety culture" led to an October 2021 derailment that caused hundreds of new Metro railcars to be pulled from service. National Transportation Safety Board Chair Jennifer Homendy said Thursday, Jan. 4, 2024, that a final NTSB report on the incident concluded that WMATA technicians had been aware for years of a safety issue that caused the wheels on the new 7000-series Metro cars to expand wider than the tracks. (AP Photo/Patrick Semansky, File)
1 hour ago

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for February delivery fell 51 cents to $72.19 per barrel Thursday
1 hour ago
1 hour ago

Minimum wage, fast food worker pay increase impacting Fresno businesses

The fast food minimum wage increase to $20 an hour is set to start April 1 across the state.
1 hour ago
The fast food minimum wage increase to $20 an hour is set to start April 1 across the state.
1 hour ago

There's a glimmer of hope for broader health coverage in Georgia, but also a good chance of a fizzle

Long-held Republican opposition to broader health care coverage may be softening in Georgia and Mississippi
1 hour ago
FILE - Southwest Georgia Regional Medical Center in Cuthbert, Ga., seen here on Oct. 7, 2022, closed in 2020. Some Republican legislative leaders say they want to examine broader health care coverage through Georgia's Medicaid program in 2024, which could aid the finances of rural hospitals. (AP Photo/Jeff Amy, File)
3 hours ago

Two companies will attempt the first US moon landings since the Apollo missions a half-century ago

Two private companies are aiming to get the U.S. back in the moon-landing business, more than five decades after the Apollo program ended
3 hours ago
This photo provided by Astrobotic Technology shows the Peregrine lunar lander at the company's facility in Pittsburgh in October 2023. The expected launch date is Monday, Jan. 8, 2024. (Jordan K Reynolds/Astrobotic Technology via AP)
4 hours ago

New bridge connecting Detroit to Canada won't open until fall 2025

A second bridge connecting Detroit and Canada over the Detroit River won’t open for travel until fall 2025, months later than anticipated
4 hours ago
January 04

SpaceX accused of unlawfully firing employees who were critical of Elon Musk

A U.S. labor agency has accused SpaceX of unlawfully firing employees who penned an open letter critical of CEO Elon Musk and creating an impression that worker activities were under surveillance by the rocket ship company
January 04
FILE - The SpaceX logo is displayed on a building, May 26, 2020, at the Kennedy Space Center in Cape Canaveral, Fla. On Wednesday, Jan. 3, 2024, a U.S. labor agency accused SpaceX of unlawfully firing employees who penned an open letter critical of CEO Elon Musk and creating an impression that worker activities were under surveillance by the rocket ship company. (AP Photo/David J. Phillip, File)
January 04

Walgreens, Mobileye fall; Peloton, Lamb Weston rise, Thursday, 1/4/2024

Stocks that traded heavily or had substantial price changes on Thursday: Walgreens, Mobileye fall; Peloton, Lamb Weston rise
January 04
January 04

Average long-term mortgage rates edge higher, snapping 9-week slide

The average long-term U.S. mortgage rate edged higher this week, ending a nine-week slide that gave prospective homebuyers some breathing room after home loan borrowing soared to the highest level in more than two decades
January 04
A sale pending sign is displayed in front of a home in Sudbury, Mass., on Saturday, Dec. 2, 2023. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Peter Morgan)
January 04

Exploding toilet at a Dunkin' store in Florida left a customer filthy and injured, lawsuit claims

A customer who claims he was injured by an exploding toilet at a Dunkin' store in central Florida has filed a negligence lawsuit against the coffee chain
January 04
File - The Dunkin' logo is seen on a storefront, Friday, Oct. 14, 2022, in Boston. A customer in central Florida has filed a negligence lawsuit against Dunkin', claiming he was injured from an exploding toilet at one of the coffee chain's locations. (AP Photo/Michael Dwyer, File)
January 04

Kia EV9, Toyota Prius and Ford Super Duty pickup win 2024 North American SUV, car and truck awards

The Kia EV9 large electric SUV won the 2024 North American Utility of the Year award, while the Toyota Prius hybrid took the top car honors, and Ford’s Super Duty pickup won the truck award
January 04
Scott Neiheisel, Toyota North America, stands with the Toyota Prius winning the 2024 North American Car of the Year award, Thursday, Jan. 4, 2024, in Pontiac, Mich. (AP Photo/Paul Sancya)
January 04

What's behind the Stanley cup craze?

ABC News' Alexis Christoforous explains what's behind the popularity of Stanley cups, the latest craze taking over social media.
January 04
VIDEO: What's behind the Stanley cup craze?
January 04

When should you buy a certificate of deposit?

ABC News’ Alexis Christoforous answers your questions on when to buy a certificate of deposit, and what to add to your January shopping list.
January 04
VIDEO: When should you buy a certificate of deposit?
January 04

Germany's government waters down a cost-cutting plan that infuriated the country's farmers

The German government is watering down cost-saving plans that have infuriated farmers
January 04
FILE - Farmers with tractors take part in a protest rally organized by the German Farmers' Association in Berlin, Germany, Monday, Dec. 18, 2023. The German government on Thursday watered down cost-saving plans that have infuriated farmers, announcing that it will give up a proposal to scrap an exemption from car tax for farming vehicles and will stagger cuts to tax breaks for diesel used in agriculture. (Fabian Sommer/dpa via AP, File)
January 04

Applications for jobless benefits fall again as job market continues to show strength

The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates
January 04
A hiring sign is displayed at a restaurant in Glenview, Ill., Tuesday, Dec.12, 2023. On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y. Huh)
January 04

Drugstore chain Walgreens cuts quarterly dividend to get more cash to grow its business

Walgreens is chopping its dividend nearly in half as the drugstore chain looks to strengthen its balance sheet
January 04
A palm tree is reflected in the window of a Walgreens pharmacy in Los Angeles, Friday, March 10, 2023. Walgreens is chopping its dividend nearly in half as the drugstore chain looks to strengthen its balance sheet. The health care giant said Thursday, Jan. 4, 2024 that reducing its quarterly payout to shareholders to 25 cents per share will help free up capital to spend growing its pharmacy and health care businesses. (AP Photo/Jae C. Hong)
January 04

Successful evacuation from burning Japan Airlines jet highlights dogged devotion to safety

The swift and safe evacuation of a Japan Airlines jet that caught fire after hitting a Coast Guard aircraft while it was landing Tuesday at Tokyo’s Haneda airport reflects the carrier's dogged dedication to safety, born of hard experience
January 04
Police investigator look at the burn-out wreckage of Japan Airlines plane at Haneda airport on Thursday, Jan. 4, 2024, in Tokyo, Japan. A transcript of communication between traffic control and two aircraft that collided and burst into flames at Tokyo’s Haneda Airport showed that only the larger Japan Airlines passenger flight was given permission to use the runway where a coast guard plane was preparing for takeoff. (Kyodo News via AP)
January 04

Germany's CO2 emissions are at their lowest in 7 decades, study shows

A study shows that carbon dioxide emissions in Germany, Europe’s biggest economy, dropped to their lowest level in seven decades
January 04
FILE - Steam rises from the coal-fired power plant in Neurath, Germany, on June 8, 2023. Carbon dioxide emissions in Germany, Europe's biggest economy, dropped to their lowest level in seven decades last year as the use of coal declined unexpectedly sharply and economic pressures weighed down industrial production, according to a study released Thursday Jan. 4, 2024. (AP Photo/Michael Probst, File)
January 04

Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon

President Joe Biden's administration is providing $162 million to Arizona high-tech manufacturer Microchip Technology to support the domestic production of computer chips
January 04
President Joe Biden speaks about his economic agenda at the Wisconsin Black Chamber of Commerce, Wednesday, Dec. 20, 2023, in Milwaukee. (AP Photo/Evan Vucci)
January 04

Microsoft's new AI key is first big change to keyboards in decades

Starting this month, some new personal computers that run Microsoft’s Windows 11 operating system will have a special “Copilot key” that launches the software giant’s AI chatbot
January 04
Microsoft's new Copilot key is seen on a Dell computer, next to the alt key, in this undated photo provided by AxiCom. Starting this month, some new personal computers that run Microsoft's Windows 11 operating system will have the special 'Copilot key' that launches the software giant's AI chatbot. (AxiCom on behalf of Dell Technologies via AP)
January 04

Stock market today: Wall Street ends mixed, and yields rise after solid data on the economy

Wall Street drifted to a mixed close following signals that the job market remains solid, though maybe a touch too strong
January 04
FILE - A street sign is seen in front of the New York Stock Exchange in New York, Tuesday, June 14, 2022. Wall Street headed lower early Tuesday, Dec. 5, 2023, after Moody's Investor Service downgraded China's sovereign debt rating as the country's real estate crisis seeps into its local government and private financing. (AP Photo/Seth Wenig, File)
January 03

By the Numbers: US minimum wage

A look at the numbers behind the 25 states that will increase their minimum wage in 2024.
January 03
VIDEO: By the Numbers: Minimum Wage
January 03

New Mexico regulators reject utility's effort to recoup some investments in coal and nuclear plants

Regulators have rejected an effort by New Mexico's largest electric utility to recoup from customers millions of dollars of investments made in a coal-fired power plant in the northwestern corner of the state
January 03
FILE - The Four Corners Power Plant in Waterflow, N.M., near the San Juan River in northwestern New Mexico, is viewed in April 2006. Regulators have rejected an effort by New Mexico's largest electric utility to recoup from customers millions of dollars of investments made in a coal-fired power plant in the northwestern corner of the state, Wednesday, Jan. 3, 2024. (AP Photo/Susan Montoya Bryan, File)
January 03

New Mexico considers setback requirements for oil wells near schools and day care centers

A bill to ban oil and gas production within a mile (1.6 kilometers) of schools and day care centers across New Mexico is among the first published proposals as the state Legislature prepares for a 30-day session that could bring an overhaul to fundamen...
January 03
FILE - Samuel Sage, the community services coordinator for the Navajo chapter of Counselor, talks about oil and gas development near Counselor, N.M. On Thursday, June 1, 2023, A bill to ban oil and gas production within a mile (1.6 kilometers) of schools and daycare centers across New Mexico is among the first published proposals as the state legislature prepares for a 30-day session that could bring an overhaul to fundamental oil and gas regulations, Wednesday, Jan. 3, 2024. (AP Photo/Susan Montoya Bryan, File)
January 03

13-year-old gamer becomes the first to beat the 'unbeatable' Tetris — by breaking it

The falling-block video game Tetris has met its match in 13-year-old Willis Gibson
January 03
In this image taken from video, 13-year-old player named Willis Gibson reacts after playing a game of Tetris. Gibson, who in late December became the first player to officially “beat” the original Nintendo version of the game. By breaking it, of course. Technically, Gibson — aka “blue scuti” in the gaming world — made it to what gamers call a “kill screen,” a point where the Tetris code glitches, crashing the game. (Willis Gibson via AP)
January 03

Argentine court suspends labor changes in a blow to President Milei's economic plan

A court in Argentina has delivered a blow to labor rule changes announced by President Javier Milei as part of sweeping deregulation and austerity measures aimed at reviving the country’s struggling economy
January 03
FILE - Graffiti that reads in Spanish: "Milei traitor" in Buenos Aires, Argentina, Dec. 21, 2023. Milei has drastically cut spending to end the fiscal deficit and contain inflation of almost 161% annually, including devaluing the peso more than 50%, dismissing public employees, suspending public works and reducing transportation and energy subsidies. (AP Photo/Rodrigo Abd, File)
January 03

US new vehicle sales rise 12% as buyers shake off high prices, interest rates, and auto strikes

American consumers bought 15.6 million new vehicles last year
January 03
File - Unsold 2023 Charger sedans and Challenger hardtops sit at a Dodge dealership on June 18, 2023, in Littleton, Colo. Undeterred by high prices, rising interest rates, autoworker strikes and a computer chip shortage that slowed assembly lines, American consumers still bought 15.5 million new vehicles last year, 11% more than in 2022. (AP Photo/David Zalubowski, File)
January 03

How major US stock indexes fared Wednesday, 1/3/2024

Stocks fell again as Wall Street’s slow start to 2024 carried into a second day
January 03
January 03

A jet's carbon-composite fiber fuselage burned on a Tokyo runway. Is the material safe?

The runway fire in Tokyo is providing a key test of the safety of carbon-composite material on planes
January 03
This aerial photo show the burn-out Japan Airlines plane at Haneda airport on Wednesday, Jan. 3, 2024, in Tokyo, Japan. The large passenger plane and a Japanese coast guard aircraft collided on the runway at Tokyo's Haneda Airport on Tuesday and burst into flames, killing several people aboard the coast guard plane, officials said. (Kyodo News via AP)
January 03

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for February delivery rose $2.32 to $72.70 per barrel Wednesday
January 03
January 03

Georgia agency awards contract to raise Savannah bridge to accommodate bigger cargo ships

A Georgia state agency has chosen a general contractor to oversee a $189 million project to raise Savannah's towering suspension bridge so that larger cargo ships can pass underneath and reach one of the nation's busiest seaports
January 03
FILE - The Eugene Talmadge Memorial Bridge over the Savannah River is seen, Sept. 28, 2017, in Savannah, Ga. The Georgia Department of Transportation said Wednesday, Jan. 3, 2024, that it has chosen a general contractor to oversee a $189 million project to raise Savannah's towering suspension bridge so that larger cargo ships can pass underneath and reach the city's busy seaport. (AP Photo/Russ Bynum, File)
January 03

Federal Reserve minutes: Officials saw inflation cooling but were cautious about timing of rate cuts

The Federal Reserve’s policymakers concluded last month that inflationary pressures were easing and that the job market was cooling
January 03
File - Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Dec. 13, 2023, in Washington. On Wednesday, the Federal Reserve releases minutes from its mid-December meeting, when it kept its key short-term interest rate unchanged for a third straight time and signaled possible rate cuts in 2024. (AP Photo/Alex Brandon, File)
January 03

Mortgage rates are plummeting. Should homebuyers jump into the market?

Buyers could realize thousands in gains but the approach carries risks.
January 03
Signs stand in front of homes for sale along South St. Paul Street, Oct. 26, 2023, in southeast Denver.
January 03

Wall Street's hopes for rate cuts may be too optimistic, like they've been so many times before

Even when everyone agrees the interest-rate cuts that Wall Street craves so much are coming, there’s still room for potential disappointment
January 03
People gather near the New York Stock Exchange on Tuesday, Jan. 2, 2024 in New York. The S&P 500 was lower in midday trading after pulling to the brink of its all-time high set roughly two years ago. (AP Photo/Peter Morgan)
January 03

Pure Storage, Suncor Energy rise; Xerox, UniFirst fall, Wednesday, 1/3/2024

Stocks that traded heavily or had substantial price changes on Wednesday: Pure Storage, Suncor Energy rise; Xerox, UniFirst fall
January 03
January 03

Mortgage demand down for final week of 2023, despite recent drop in interest rates

Plus, a new report from the Wall Street Journal has found that more customers have canceled at least three of their streaming services in the past two years.
January 03
VIDEO: Mortgage demand down for final week of 2023, despite recent drop in interest rates
January 03

China's BYD is rivaling Tesla in size. Can it also match its global reach?

A less flashy Chinese electric vehicle maker is fast closing the gap with Tesla, the longtime, market-leading pioneer
January 03
A BYD Dolphin EV car, right, parked near a Tesla Model 3 on a street in Beijing, Wednesday, Jan. 3, 2024. (AP Photo/Andy Wong)
January 03

Two large offshore wind sites are sending power to the US grid for the first time

For the first time in the United States, turbines are sending electricity to the grid from the sites of two large offshore wind farms
January 03
FILE - The ship UHL Felicity, carrying parts for offshore wind turbines, arrives to dock May 24, 2023, in New Bedford, Mass. The joint owners of the Vineyard Wind project, Avangrid and Copenhagen Infrastructure Partners, announced Wednesday, Jan. 3, 2024, the first electricity from one turbine at what will be a 62-turbine wind farm 15 miles (24 kilometers) off the coast of Massachusetts. (AP Photo/Rodrique Ngowi, File)
January 03

US job openings fell slightly in November but remain high by historical standards

America’s employers posted 8.8 million job openings in November, down slightly from October and the fewest since March 2021
January 03
File - Assembly line workers Alfredo Gutierrez, left, and Ryan Pontillo attach an LG battery to a 2023 Chevrolet Bolt EV at the General Motors Orion Assembly, June 15, 2023, in Lake Orion, Mich. On Wednesday, the Labor Department reports on job openings and labor turnover for November. (AP Photo/Carlos Osorio)
January 03

Disney inks agreement with ValueAct, secures its support for company's board nominees

Disney has a new ally in activist investor ValueAct Capital Management, garnering its support for the company’s board nominees as it continues to wage a proxy battle with Nelson Peltz
January 03
FILE - In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. Disney has reached a confidentiality agreement with activist investor ValueAct Capital Management, garnering its support for the company’s board nominees as it continues to deal with a proxy battle with Nelson Peltz. The Walt Disney Co. said Wednesday, Jan. 3, 2024, that the agreement with ValueAct will allow the company to provide information to ValueAct and consult with it on strategic matters, including through meetings with its board and management. (AP Photo/Richard Drew, File)
January 03

Edmunds recommends the best vehicles for achieving your New Year's resolutions

Most of us struggle with making those New Year’s resolutions stick
January 03
This photo provided by Toyota shows the GR Corolla. A buffed-up version of the Corolla, the GR version boasts 300 horsepower, wide-body fenders and a customizable all-wheel-drive system. (Courtesy of Toyota Motor Sales U.S.A. via AP)
January 03

EU targets world's biggest diamond miner as part of Russia war sanctions

The European Union has imposed sanctions on the world’s biggest diamond mining company and its chief executive officer as part of what it says is its “unwavering commitment” to Ukraine in the war against Russia
January 03
FILE - A diamond cutter views facets of a diamond in Antwerp, Belgium on Friday, May 4, 2018. The European Union said Monday, Dec. 18, 2023 that it has imposed fresh sanctions on Russia over its war against Ukraine, targeting the lucrative diamonds industry, more than 140 officials and organizations, and closing loopholes that Moscow has used to bypass previous punitive measures. (AP Photo/Virginia Mayo, File)
January 03

Thousands of doctors in Britain walk off the job in their longest-ever strike

Thousands of doctors have walked off their jobs in Britain at the start of a six-day strike that's set to be the longest in the history of the state-funded National Health Service
January 03
Junior doctors and members of the British Medical Association (BMA) demonstrate outside St Thomas' Hospital, London, Wednesday, Jan. 3, 2024, as they take to picket lines for six days. Doctors in the early stages of their careers in England have started a 72-hour strike in their long-running dispute over pay levels. (Jonathan Brady/PA via AP)
January 03

New Year’s Day quake in Japan revives the trauma of 2011 triple disasters

The powerful earthquake that shattered the peace of New Year’s Day in central Japan did not spur the kind of tsunamis that scoured the northeastern Pacific coast in 2011
January 03
A woman sits next to another lying on a futon bed at a temporary evacuation center in Suzu in the Noto peninsula facing the Sea of Japan, northwest of Tokyo, Wednesday, Jan. 3, 2024, following Monday's deadly earthquake. (AP Photo/Hiro Komae)
January 03

Investigators focus on air traffic communication after a fatal Tokyo runway crash

A transcript of communication between traffic control and two aircraft that collided and burst into flames at Tokyo’s Haneda Airport shows that only the larger Japan Airlines passenger flight was given permission to use the runway
January 03
Police investigator look at the burn-out wreckage of Japan Airlines plane at Haneda airport on Thursday, Jan. 4, 2024, in Tokyo, Japan. A transcript of communication between traffic control and two aircraft that collided and burst into flames at Tokyo’s Haneda Airport showed that only the larger Japan Airlines passenger flight was given permission to use the runway where a coast guard plane was preparing for takeoff. (Kyodo News via AP)
January 03

Stock market today: Asian shares slip, echoing Wall Street's weak start to 2024

Asian stocks are lower, tracking a weak start to 2024 on Wall Street as Japan's markets reopened
January 03
Shunichi Suzuki, Japanese finance minister, delivers speech during a ceremony marking the start of this year's trading at the Tokyo Stock Exchange Thursday, Jan. 4, 2024, in Tokyo. Asian stocks plunged Thursday, echoing the pessimism on Wall Street as the Tokyo exchange marked the first day of trading for the year with a broad slide. (AP Photo/Eugene Hoshiko)
January 03

State tax cutting trend faces headwinds from declining revenues and tighter budgets

Almost every U.S. state has cut taxes in some way in the past three years
January 03
FILE - Minnesota Gov. Tim Walz speaks at a news conference on the Minnesota economic and budget forecast in St. Paul, Minn., Monday, Feb. 27, 2023. Almost every U.S. state has cut taxes in some way in the past three years. But that trend may be slowing as many states head into their 2024 legislative sessions with lagging tax revenues. (Renée Jones Schneider/Star Tribune via AP, FILE)
January 02

Sheikh Hasina once fought for democracy in Bangladesh. Her critics say she now threatens it

The elections in Bangladesh are all about one person: Prime Minister Sheikh Hasina
January 02
FILE- Bangladesh Nationalist Party (BNP) supporters gather for a protest rally in Dhaka, Bangladesh, July 12, 2023. BNP is boycotting the Jan. 7 polls, saying the government cannot ensure a fair vote, and setting the stage for Prime Minister Sheikh Hasina to secure her fourth consecutive and fifth overall term in office. (AP Photo/Mahmud Hossain Opu, File)