ABC News/Katherine Caulderwood, Nam Cho and Lilia Geho
Business News
Prisoners fight against working in heat on former slave plantation, raising hope for change in South
Bills co-owner Kim Pegula helps break team huddle in latest sign of her recovery from cardiac arrest
French train lines hit by 'malicious acts' disrupting traffic ahead of Olympics
Arsonists have attacked France’s high-speed rail network, paralyzing train travel to Paris for some 800,000 people across Europe, including athletes heading to the opening ceremony of the Olympic Games
July 26, 2024US economy grew much faster than expected in 2nd quarter
U.S. GDP grew at a 2.8% annualized rate over three months ending in June.
July 25, 2024
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1 hour ago
Senators call on Federal Trade Commission to investigate automakers' sale of driving data to brokers
Two U.S. senators are calling on the Federal Trade Commission to investigate automakers selling customers’ driving data to brokers who package it and then sell it to insurance companies
1 hour ago
2 hours ago
What role will the US economy plan in the November election?
Dubbed the “vibe-cession” Wall Street investors are reacting to new data showing inflation cooling from May to June. Our panel discusses what this could mean for the presidential race.
2 hours ago
2 hours ago
G20 finance ministers agree to work toward effectively taxing the super-rich
Finance ministers from leading rich and developing nations have agreed to strive toward effectively taxing the super-rich
2 hours ago
July 26
How major US stock indexes fared Friday, 7/26/2024
Wall Street rallied following encouraging reports on inflation and on profits at 3M and other big U.S. companies
July 26
July 26
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for September delivery fell $1.12 to $77.16 per barrel Friday
July 26
July 26
North Carolina regulators says nonprofit run by lieutenant governor's wife owes the state $132K
North Carolina state regulators now say a nonprofit run by the wife of North Carolina Lt. Gov. Mark Robinson must repay $132,000 for what they call disallowed expenses while carrying out a federally funded child care meal program
July 26
July 26
Warner Bros. Discovery sues NBA for not accepting its matching offer
Warner Bros
July 26
July 26
Airline catering workers threaten to strike as soon as next week without agreement on new contract
Airline catering workers are threatening to go on strike next week if they don't get pay raises and better health insurance
July 26
July 26
Bills co-owner Kim Pegula helps break team huddle in latest sign of her recovery from cardiac arrest
Buffalo Bills co-owner Kim Pegula showed significant signs in her recovery from a debilitating cardiac arrest by being escorted to the field by her husband to help break the post-practice team huddle
July 26
July 26
Steward Health Care announces closure of 2 Massachusetts hospitals
Steward Health Care announced Friday that is it closing two hospitals in Massachusetts because it received no qualified bids for the facilities after declaring bankruptcy earlier this year
July 26
July 26
Newell Brands, 3M rise; Saia, DexCom fall, Friday, 7/26/2024
Stocks that traded heavily or had substantial price changes on Friday: Newell Brands, 3M rise; Saia, DexCom fall
July 26
July 26
‘Deadpool & Wolverine’ is already breaking box office records, with more possible soon
“Deadpool & Wolverine” has gotten off to a supercharged start at the box office, breaking the Thursday preview record for an R-rated movie
July 26
July 26
'Deadpool & Wolverine' breaks the Thursday preview record for an R-rated movie
'Deadpool & Wolverine' breaks the Thursday preview record for an R-rated movie
July 26
July 26
Recall of Boar's Head deli meats announced during investigation of listeria outbreak
U.S. health officials have announced a recall of some Boar's Head liverwurst and other deli meats as they investigate a listeria outbreak
July 26
July 26
US health officials announce recall of some Boar's Head liverwurst and deli meats as they investigate listeria outbreak
US health officials announce recall of some Boar's Head liverwurst and deli meats as they investigate listeria outbreak
July 26
July 26
European committee says Alzheimer's treatment Leqembi shouldn't get marketing approval
Shares of Biogen slid Friday after a European regulatory committee said the Alzheimer’s treatment Leqembi should not receive marketing approval
July 26
July 26
Russia's Central Bank hikes interest rate as inflation soars
Russia’s Central Bank has raised its key lending rate to the highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow’s military action in Ukraine
July 26
July 26
Potential VP pick Tim Walz emerges as popular candidate among labor unions: Sources
Unions lack a consensus choice, some labor officials said.
July 26
July 26
Veterans lobbied for psychedelic therapy, but it may not be enough to save MDMA drug application
Military veterans have spent years lobbying for the use of psychedelic drugs to treat PTSD, but a sharply critical review of the club drug MDMA has put the therapy's approval in doubt
July 26
July 26
Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September
July 26
July 26
Federal grand jury charges short seller Andrew Left in $16M stock manipulation scheme
A federal grand jury in California has charged activist short seller Andrew Left with multiple counts of securities fraud for a $16 million stock market manipulation scheme
July 26
July 26
Fed's preferred inflation gauge cools further, adding to likelihood of a September rate cut
Fed's preferred inflation gauge cools further, adding to likelihood of a September rate cut
July 26
July 26
They expected an Olympic boon. But some Paris businesses are experiencing a bust
Small business owners in Paris expected a boon in visitors once the Olympics arrived
July 26
July 26
Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small
Wall Street rallied following encouraging reports on inflation and on strong profits at 3M and other big U.S. companies
July 26
July 26
French train lines hit by 'malicious acts' disrupting traffic ahead of Olympics
Arsonists have attacked France’s high-speed rail network, paralyzing train travel to Paris for some 800,000 people across Europe, including athletes heading to the opening ceremony of the Olympic Games
July 26
July 26
French rail company says several lines hit by "malicious acts" that have heavily disrupted traffic ahead of Olympics
French rail company says several lines hit by "malicious acts" that have heavily disrupted traffic ahead of Olympics
July 26
July 25
Sri Lanka will hold presidential election on Sept. 21, its first since declaring bankruptcy in 2022
Sri Lanka will hold a presidential election on Sept. 21 that will likely be a test of confidence in President Ranil Wickremesinghe’s efforts to resolve the country’s worst economic crisis
July 25
July 25
Uber and Lyft drivers remain independent contractors in California Supreme Court ruling
The California Supreme Court ruled Thursday that app-based ride-hailing and delivery services like Uber and Lyft can continue treating their drivers as independent contractors rather than employees
July 25
July 25
Monsanto agrees to $160 million settlement with Seattle over pollution in the Duwamish River
Ending an eight-year legal battle, chemical giant Monsanto has agreed to a $160-million settlement with Seattle for its part in polluting the Lower Duwamish River with toxins that posed a threat to humans, fish and wildlife
July 25
July 25
'Extraordinary achievement': Engineers break ground with new Corvette ZR1
How does 1,064 horsepower sound?
July 25
July 25
New Corvette ZR1 revealed: Inside the car's "mind-blowing" specs
Chevrolet says the newly unveiled ZR1 is the "most powerful" Corvette ever produced.
July 25
July 25
Southwest airlines shaking things up
The commercial airline has decided to begin assigning seats. This is the first time their passengers will be assigned seats before arriving at the airport.
July 25
July 25
Manhattan diamond dealer charged in scheme to swap real diamonds for fakes
A Manhattan diamond dealer with a history of gemstone fraud has been indicted in what officials described as a scheme to swindle his fellow merchants out of nearly half a million dollars
July 25
July 25
Harris will carry Biden's economic record into the election. She hopes to turn it into an asset
A key question is looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination: Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do
July 25
July 25
Workers link US, Canadian sides of new Gordie Howe International Bridge over Detroit River
Workers have linked the U.S. and Canadian sides of the new Gordie Howe International Bridge spanning the Detroit River
July 25
July 25
Kroger, Albertsons agree to temporarily halt merger plans while Colorado lawsuit proceeds
Supermarket chains Kroger and Albertsons on Thursday agreed to temporarily halt their proposed merger in Colorado until a judge has considered the state’s objections
July 25
July 25
Abbott warns that some of its blood sugar monitors may need replacement due to incorrect readings
Abbott is warning that sensors on some of its blood sugar monitoring systems may need to be replaced to prevent inaccurate readings
July 25
July 25
Norfolk Southern results complicated by derailment insurance payments, proxy fight and productivity
Norfolk Southern got a boost during the second quarter from insurance payments related to last year's disastrous East Palestine derailment, but it also made progress in reducing its expenses and getting more efficient
July 25
July 25
How major US stock indexes fared Thursday, 7/25/2024
Wall Street’s split widened, as smaller stocks and other formerly unloved areas of the market rose up while superstar Big Tech stocks gave back more of their huge gains
July 25
July 25
Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays
Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices
July 25
July 25
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for September delivery rose 69 cents to $78.28 per barrel Thursday
July 25
July 25
OpenAI tests ChatGPT-powered search engine that could compete with Google
OpenAI is testing a ChatGPT-powered search engine that could put the artificial intelligence company in direct competition with search giant Google and affect the flow of internet traffic seeking news and other timely information
July 25
July 25
Company says manufacturing problem was behind wind turbine blade breaking off Nantucket Island
The maker of a massive wind turbine blade that broke apart off Nantucket Island says a manufacturing problem was responsible
July 25
July 25
Video game actors are now on strike. Here's why
More than 2,500 video game voice actors and motion capture performers are going on strike after negotiations with game industry giants that began nearly two years ago failed to result in an agreement
July 25
July 25
Video game performers will go on strike over artificial intelligence concerns
Hollywood’s video game performers are going on strike, throwing part of the entertainment industry into another work stoppage after talks for a new contract with major game studios broke down over artificial intelligence protections
July 25
July 25
Video game actors vote to strike over artificial intelligence concerns in latest entertainment industry work stoppage
Video game actors vote to strike over artificial intelligence concerns in latest entertainment industry work stoppage
July 25
July 25
G20 finance ministers discuss a global tax on the super-rich
Finance ministers from leading rich and developing nations are meeting in Rio de Janeiro to discuss a global tax on the super-rich
July 25
July 25
Massachusetts governor signs bill cracking down on hard-to-trace 'ghost guns'
Massachusetts Gov. Maura Healey has signed a sweeping bill that supporters say builds on the state’s existing gun laws
July 25
July 25
Workers at GM seat supplier in Missouri reach tentative agreement, end strike
The union representing workers at Lear Corp.’s Missouri plant that makes seats for General Motors vehicles says it has reached a tentative agreement with the company, ending a strike that was in its fourth day
July 25
July 25
Future of undersea electricity cable linking Greece, Cyprus and Israel will be decided next month
Cyprus' energy minister says the future of an electricity cable linking the power grids of Greece, Cyprus and Israel will be settled next month
July 25