Business News

Latest Business Video

Latest Business Headlines

33 minutes ago

Board rejects rate increase to help restructure debt of Puerto Rico power company

The executive director of a federal control board that oversees Puerto Rico’s finances says it is “impossible” for the U.S. territory to pay the $8.5 billion bondholders are demanding in a bankruptcy case involving the island’s power company
33 minutes ago
FILE - The Puerto Rican flag flies in front of the Capitol building in San Juan, Puerto Rico, July 29, 2015. (AP Photo/Ricardo Arduengo, File)
3 hours ago

California's insurer for people without private coverage needs $1 billion more for LA fires claims

California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires
3 hours ago
FILE - Trees sway in high winds as the Eaton Fire burns structures Jan. 8, 2025, in Altadena, Calif. (AP Photo/Ethan Swope, File)
February 11

Trump administration owes US business millions in unpaid bills amid USAID shutdown, lawsuit says

A new lawsuit accuses the Trump administration of stiffing U.S. businesses of hundreds of millions of dollars in unpaid bills for work that has already been done amid its dismantling of the U.S. Agency for International Development
February 11
Flowers and a sign are placed outside the headquarters of the U.S. Agency for International Development, or USAID, Friday, Feb. 7, 2025, in Washington. (AP Photo/Jose Luis Magana)
February 11

Almost 800 years of pomp and circumstance ensures the quality of Britain's currency

A jury has convened in London for an ancient ceremony to certify that British coins meet the strictest of standards
February 11
A warden inspects a commemorative gold coin during the "Trial of the Pyx,'' a ceremony that dates to the 12th Century in which coins are weighed in order to make certain they are up to standard, at the Goldsmiths' Hall in London, Tuesday, Feb. 11, 2025.(AP Photo/Frank Augstein)
February 11

An unwanted double: US sales fall for American whiskeys as threats of a trade war heat up

Like a watered-down drink, domestic sales for American whiskeys were unsatisfying in 2024 as inflation reined in consumer spending on some distilled spirits
February 11
FILE - A sign is placed in front of the American whiskey section at a B.C. liquor store after top selling American made products have been removed from shelves in Vancouver, B.C., Feb. 2, 2025. (Ethan Cairns/The Canadian Press via AP, file)
February 11

Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the oil company to either sell or spin off its midstream unit to help boost its stock price
February 11
FILE - The logo for Phillips 66 gasoline is shown on a sign topping an old gasoline pump on display outside a store, May 25, 2021, in the gambling hot spot of Deadwood, S.D. (AP Photo/David Zalubowski, file)
February 11

Trump tariffs rattle small business owners already dealing with tight margins

President Donald Trump’s continued roll out of a wide array of tariffs is rattling small business owners already dealing with tight profit margins
February 11
An employee works at a steel tank factory in Mexico City, Tuesday, Feb. 11, 2025. (AP Photo/Eduardo Verdugo)
February 11

Coca-Cola posts strong fourth quarter revenue as global sales volumes rise

Coca-Cola posted better-than-expected revenue in the fourth quarter as its sales volumes rose in the U.S., China and elsewhere
February 11
FILE - Cans of Coca-Cola are on display at a grocery market in Uniontown, Pa, April 24, 2022. (AP Photo/Gene J. Puskar, File)
February 11

Ex-employees say Musk ally was a 'hatchet man'

The tech executive is bringing private business practices into government.
February 11
A Feb. 6, 2025 photo shows the U.S. Treasury in Washington, DC.
February 11

EU vows countermeasures to US tariffs; bourbon, jeans, peanut butter, motorcycles easy targets

European Union chief Ursula von der Leyen vowed that U.S. tariffs on steel and aluminum “will not go unanswered” and will trigger tough countermeasures from the 27-nation bloc
February 11
FILE - European Commission President Ursula von der Leyen speaks at the historic synchronisation of the Baltic states with the EU electricity system activation ceremony of the "Baltic Energy Independence Day" in Vilnius, Lithuania, Sunday, Feb. 9, 2025. (AP Photo/Mindaugas Kulbis, File)
February 11

Corruption survey gives many nations worst scores in over a decade

Many countries have their worst showing in more than a decade in an index that serves as a barometer of public sector corruption worldwide
February 11
FILE - A statue depicting the late Syrian President Hafez Assad is seen on the top of a mount in Dayr Atiyah, Syria, Jan. 5, 2025. (AP Photo/Ghaith Alsayed, File)
February 11

Why are Ukraine's minerals key to keeping US military aid flowing?

Ukraine has offered to strike a deal with U.S. President Donald Trump for continued American military aid in exchange for developing Ukraine’s mineral industry
February 11
FILE - Ukrainian servicemen of 24th Mechanized Brigade train not far from the front line in the Donetsk region, Ukraine, Jan. 21, 2025. (AP Photo/Evgeniy Maloletka, File)
February 10

South Korea's top think tank lowers economic growth projection, citing Trump's tariffs

South Korea’s top economic think tank on Tuesday slashed its growth forecast for the country’s economy for the second time in four months, expressing concern about the potential impact of U.S. President Donald Trump’s expanding tariffs
February 10
Steel products are seen at a port in Pyeongtaek, South Korea, Monday, Feb. 10, 2025. (Hong Ki-won/Yonhap via AP)
February 10

Asian stocks down after Trump imposes tariffs on imports of steel and aluminum

Stocks in Asia are mostly down after U.S. President Donald Trump imposed 25% tariffs on all U.S. imports of steel and aluminum
February 10
FILE - Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Tuesday, Feb. 4, 2025. (AP Photo/Richard Drew, file)
February 10

Trump slaps taxes on foreign steel, aluminum, a move that proved costly in first term

President Donald Trump is hitting foreign steel and aluminum with a 25% tax
February 10
A mural depicting steel workers stands at the Stelco steel production facility in Hamilton, Ontario, on Monday, Feb. 10, 2025. (Nick Iwanyshyn/The Canadian Press via AP)
February 10

What Mexico's richest man thinks Trump should do in his second term

Mexican businessman Carlos Slim, one of the world’s richest people, holds forth once a year on a wide range of topics
February 10
Mexican billionaire Carlos Slim gives a press conference in Mexico City, Monday, Feb. 10, 2025. (AP Photo/Marco Ugarte)
February 10

Trump says he is considering tariff exemptions on Australian steel and aluminum

U.S. President Donald Trump says he has agreed to consider a tariff exemption on Australian steel and aluminum imports after a telephone conversation with Australia’s prime minister
February 10
Australian Prime Minister Anthony Albanese on Tuesday, Feb. 11, 2025, speaks in Canberra, about his telephone conversation with President Donald Trump who Albanese says has agreed to consider a tariff exemption on Australian steel and aluminum imports. (Lukas Coch/AAP Image via AP)
February 10

Tennessee governor proposes another $1B toward roads amid a $30B project backlog

Tennessee Gov. Bill Lee is proposing an injection of more than $1 billion into road projects to address the state’s $30 billion projects backlog
February 10
Governor Bill Lee, right, greets former Sen. Lamar Alexander, left, before delivering his State of the State address Monday, Feb. 10, 2025, in Nashville, Tenn. (AP Photo/Mark Humphrey)
February 10

So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints

President Donald Trump has ordered the U.S. to stop minting pennies
February 10
FILE - President Donald Trump speaks as Treasury Secretary Scott Bessent, left, and Commerce Secretary nominee Howard Lutnick, right, listen as Trump prepares to sign an executive order in the Oval Office of the White House, Monday, Feb. 3, 2025, in Washington. (AP Photo/Evan Vucci, File)
February 10

Volunteers are now tracking what's already been lost in the USAID freeze

A growing number of people and groups in the international development ecosystem have stepped forward to track the widespread impacts of the freeze on U.S. foreign aid
February 10
A street sign with names of U.S. government agencies housed at the Ronald Reagan Building, including the United States Agency for International Development, or USAID headquarters in Washington, is pictured with one building occupant taped, Friday, Feb. 7, 2025, in Washington. (AP Photo/Manuel Balce Ceneta)
February 10

Trump directs Treasury to stop minting new pennies

ABC News’ Alexis Christoforous discusses the impact of a U.S. economy with no pennies.
February 10
ABC News’ Alexis Christoforous discusses the impact of a U.S. economy with no pennies.
February 10

Trump's latest tariff plans on steel, aluminum and other imports are spreading uncertainty

President Donald Trump is preparing to formally announce 25% tariffs on steel and aluminum imports
February 10
President Donald Trump speaks with reporters as he signs executive orders in the Oval Office at the White House, Monday, Feb. 10, 2025, in Washington. (Photo/Alex Brandon)
February 10

Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill

The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the economy
February 10
Federal Reserve Chair Jerome Powell takes his seat to speak to the Senate Banking Committee, Tuesday, Feb. 11, 2025, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
February 10

Stricter lobster fishing rules scrapped after complaints from fishermen about harm to industry

Fishing industry regulators have decided to scrap stricter new lobster fishing standards off New England in the wake of months of protest from lobster fishermen that the rules were unnecessary and would bankrupt harvesters
February 10
FILE - Max Oliver moves a lobster to the banding table aboard his boat while fishing off Spruce Head, Maine, on Aug. 31, 2021. (AP Photo/Robert F. Bukaty, File)
February 10

Secrecy preceded the shutdown of the consumer protection agency's Washington headquarters

President Donald Trump’s budget chief has sent an email to consumer protection agency employees telling them to stop working
February 10
FILE - Russell Vought, President Donald Trump's choice for Director of the Office of Management and Budget, appears before the Senate Budget Committee during a hearing to examine his nomination, on Capitol Hill in Washington, Jan. 22, 2025. (AP Photo/Jacquelyn Martin, file)
February 10

Can Trump bring unions into the GOP fold? His labor nominee presents a major test

President Donald Trump has repeatedly challenged Senate Republicans with his Cabinet picks
February 10
Senate Minority Leader Chuck Schumer of N.Y., left, meets with former Rep. Lori Chavez-DeRemer, R-Ore., President-elect Donald Trump's pick for Secretary of Labor, in his office on Capitol Hill, Tuesday, Jan. 14, 2025, in Washington. (AP Photo/Mark Schiefelbein)
February 10

McDonald's improving global sales help to offset US weakness in fourth quarter

Improving international sales helped McDonald’s overcome some weakness at home in the fourth quarter
February 10
FILE - A sign at a McDonald's restaurant is displayed on April 29, 2024, in Albany, Ore. (AP Photo/Jenny Kane, File)
February 10

McDonald's global sales pick up the slack as U.S. restaurants struggled

McDonald's global sales pick up the slack as U.S. restaurants struggled
February 10
February 10

A timeline of US-China tit-for-tat tariffs since Trump's first term

China’s tit-for-tat duties on U.S. imports have taken effect
February 10
FILE - A woman tends to a child near a promotional gimmick in the form of a bomb and the U.S. flag outside a U.S. apparel shop in Beijing on April 12, 2018. (AP Photo/Ng Han Guan, File)
February 09

Asian shares trade mixed after Wall Street slumps on Trump tariff worries

Asian shares are trading mixed, as investors found bargains despite worries about President Donald Trump’s tariffs
February 09
Trader Peter Mancuso works on the floor of the New York Stock Exchange, Tuesday, Feb. 4, 2025. (AP Photo/Richard Drew)
February 09

Trump has directed US Treasury to stop minting new pennies, citing rising cost

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin
February 09
Pennies are shown in Monday, Feb. 10, 2025, in Richardson, Texas. (AP Photo/LM Otero)
February 09

Trump says he has directed Treasury to stop minting new pennies, calling the coin 'wasteful'

Trump says he has directed Treasury to stop minting new pennies, calling the coin 'wasteful'
February 09
February 09

Trump administration orders consumer protection agency to stop work, closes building

The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal
February 09
FILE - Russell Vought, President Donald Trump's choice for Director of the Office of Management and Budget, appears before the Senate Budget Committee during a hearing to examine his nomination, on Capitol Hill in Washington, Jan. 22, 2025. (AP Photo/Jacquelyn Martin, file)
February 09

Super Bowl commercials rely on comedy and nostalgia to avoid potential missteps

The Philadelphia Eagles dominated the Kansas City Chiefs on the field in this year’s Super Bowl, while laughter dominated the commercials
February 09
This photo provided by Hellmann’s shows Hellmann’s Super Bowl NFL football spot. (Hellmann’s via AP)
February 09

Recent aviation disasters cause fears about the safety of flying

Recent aviation disasters and close calls definitely have people worried about the safety of flying
February 09
Footage from a security camera at Ronald Reagan Washington National Airport in Arlington, Va., shows an American Airlines jet colliding with an Army helicopter during landing, Wednesday, Jan. 29, 2025. (Ronald Reagan Washington National Airport via AP)
February 07

Trump pauses tariffs on millions of low-value packages from China

President Donald Trump has paused the imposition of tariffs on small-value packages arriving from China
February 07
China and U.S. national flags are seen on display outside a souvenir shop in Beijing on Jan. 31, 2025. (AP Photo/Andy Wong)
February 07

US employers added just 143,000 jobs last month

ABC News’ Alexis Christoforous breaks down the report which also shows that the jobless rate slipped to 4% to start 2025.
February 07
VIDEO: US employers added just 143,000 jobs last month
February 07

Efforts to put carbon dioxide underground face less support in Trump's second term

U.S. efforts to put carbon dioxide from power plants and industrial facilities underground where they won't contribute to global warming could see less federal support under President Donald Trump although demand for the technology remains high
February 07
FILE - Carbon dioxide and other pollutant billows from a stack at PacifiCorp’s coal-fired Naughton Power Plant, near where Bill Gates company, TerraPower plans to build an advanced, nontraditional nuclear reactor, Jan. 13, 2022, in Kemmerer, Wyo. (AP Photo/Natalie Behring, File)
February 07

Nielsen says Christmas had more viewing on streaming services than any day ever

Christmas Day marked a milestone in media history, even if it's likely to be surpassed
February 07
FILE - Beyoncé, center, is joined by her daughter Blue Ivy, right, during a halftime performance in an NFL football game between the Baltimore Ravens and the Houston Texans, Dec. 25, 2024, in Houston. (AP Photo/Maria Lysaker, File))
February 07
FILE - Pumpjacks operate in the foreground while wind turbines at the Buckeye Wind Energy wind farm rise in the distance, Sept. 30, 2024, near Hays, Kan. (AP Photo/Charlie Riedel, File)
February 07

Indonesia orders the halting of tourism projects linked to Trump over environmental issues

Officials say Indonesian authorities have ordered the halting of development of a tourism project affiliated with U.S. President Donald Trump over water management and environment issues
February 07
FILE - A sign saying the land is owned by MNC Land is put up on a farming field at the planned development site of a tourism project affiliated with U.S. President Donald Trump, near Gunung Gede Pangrango National Park in Bogor, West java, Indonesia, on March 8, 2017. (AP Photo/Tatan Syuflana, File)
February 07

China lashes out at US 'coercion' as Panama declines to renew agreement

China on lashed out at what it called U.S. “coercion” after Panama declined to renew a key infrastructure agreement with Beijing following Washington’s threat to take back the Panama Canal
February 07
Cargo containers sit stacked as cranes load and unload containers from cargo ships at the Cristobal port, operated by the Panama Ports Company, in Colon, Tuesday, Panama, Feb. 4, 2025. (AP Photo/Matias Delacroix)
February 07

Kosovo elections will decide who will lead stalled talks with Serbia and manage a battered economy

Kosovo goes to the polls Sunday in a parliamentary election expected to be a key test for Prime Minister Albin Kurti after his party won in a landslide four years ago
February 07
Lumir Abdixhiku addresses supporters during a campaign rally ahead of the parliamentary election in Istog, Kosovo, Wednesday, Feb. 5, 2025. (Ermal Meta/LDK via AP)
February 07

US importers stockpile Italian Prosecco as a hedge against possible Trump tariffs

American importers have been stockpiling the popular Italian bubbly Prosecco as a hedge against the possible impact of tariffs threatened by President Donald Trump
February 07
A sommelier opens Prosecco bottles during a wine testing in Asolo, Italy, Monday, Oct. 15, 2018. Global sales of prosecco the smooth, drinkable sparkling wine rooted in the northeastern hills of Italy are booming, and champagne, the original bubbly, is taking note. (AP Photo/Luca Bruno, File)
February 06

Hong Kong's post office continues to suspend packages for US

Hong Kong’s post office has announced it would continue to suspend shipping items containing goods to the United States until further notice, despite its American counterpart having reversed its ban on packages from the city and other parts of China
February 06
FILE - Packages are seen stacked on the doorstep of a residence, Wednesday, Oct. 27, 2021, in Upper Darby, Pa. (AP Photo/Matt Slocum, File)
February 06

Trump promotes misleading claims about federal government’s media subscriptions

Federal government payments for subscriptions to media outlets have become the latest target of President Donald Trump's spending hawks
February 06
President Donald Trump attends the National Prayer Breakfast at Washington Hilton, Thursday, Feb. 6, 2025, in Washington. (AP Photo/Evan Vucci)
February 06

US employers added just 143,000 jobs last month, jobless rate slips to 4%

U.S. employers added just 143,000 jobs last month, but the jobless rate fell to 4% to start 2025 and the government revised November and December payrolls higher
February 06
People protest during a rally against Elon Musk outside the U.S. Department of Labor in Washington, Wednesday, Feb. 5, 2025. (AP Photo/Jose Luis Magana)
February 06

22 states sue New York state, alleging environmental fund is unconstitutional

Twenty-two states are suing New York state, contending that a new law forcing energy companies to pay $75 billion into a fund to cover climate change damage is unconstitutional
February 06
FILE - A thick haze hangs over Manhattan in New York on July 20, 2021. (AP Photo/Julie Jacobson, File)
February 06

Trump's Justice Department ends Biden-era task force aimed at seizing assets of Russian oligarchs

The Trump administration's Justice Department has disbanded a Biden-era program aimed at seizing the assets of Russian oligarchs as a means to punish Russia for its invasion of Ukraine
February 06
Attorney General Pam Bondi speaks after being sworn in by Supreme Court Associate Justice Clarence Thomas, in the Oval Office of the White House, Wednesday, Feb. 5, 2025, in Washington, as President Donald Trump looks on. (AP Photo/Evan Vucci)
February 06

Flying's gotten safer — and less reported on. Washington crash shows how the aviation beat is fading

In the days after last week's plane collision in Washington, Pete Muntean was a fixture on the air at CNN
February 06
This April 2023 image released by CNN shows aviation correspondent Pete Muntean preparing for a live broadcast at Reagan National Airport in Washington. (Andrew Smith/CNN via AP)