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39 minutes ago

Wall Street rises after another sign of cooling inflation

Wall Street is rising again following another encouraging report about inflation
39 minutes ago
A currency trader watches monitors in front of screens showing the Korea Composite Stock Price Index (KOSPI), left, and the exchange rate of South Korean won against the U.S. dollar at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Aug. 11, 2022. Shares advanced Thursday in Asia after benchmarks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. (AP Photo/Ahn Young-joon)
41 minutes ago

EU says US electric vehicle tax credit could break WTO rules

The European Union says a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles could discriminate against European producers and break world trade rules
41 minutes ago
FILE - The 2024 Chevrolet SS EV is shown in Warren, Mich., Tuesday, July 12, 2022. The European Union expressed concern Thursday, Aug. 11, 2022 that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules. (AP Photo/Paul Sancya, File)
1 hour ago

Big Mac is coming back: McDonald's to reopen in Ukraine

McDonald’s will begin reopening some of its restaurants in Ukraine in the coming months
1 hour ago
A sign is shown in front of an McDonald's restaurant in Pittsburgh on Saturday, April 23, 2022. The Chicago-based company said, Tuesday, July 26, it had net income of $1.60 per share. Earnings, adjusted for non-recurring costs, came to $2.55 per share. The results surpassed Wall Street expectations. (AP Photo/Gene J. Puskar)
2 hours ago

US wholesale inflation fell in July for 1st time in 2 years

Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy’s inflationary pressures cooled last month
2 hours ago
Money is exchanged at a food stand while workers wear face masks inside Grand Central Market on Wednesday, July 13, 2022, in Los Angeles. Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June. And even as gas prices fall, inflation in services such as health care, rents and restaurant meals is accelerating. (AP Photo/Marcio Jose Sanchez)
2 hours ago

Wholesale prices, inflation data show improvement

ABC News business reporter Alexis Christoforous breaks down the latest inflation reports, which show wholesale prices dropped 0.5% and 262,000 people filed for unemployment claims.
2 hours ago
VIDEO: Wholesale prices, inflation data show improvement
2 hours ago

EXPLAINER: How is inflation affecting commuting costs?

Gas prices have fallen from the record highs they reached earlier this summer, but they’re still higher than a year ago
2 hours ago
2 hours ago

Tips for saving on your commute amid high inflation

Gas prices are falling but still high
2 hours ago
FILE - The price of regular unleaded gas is advertised for just under $4 a gallon at a Woodman's, Wednesday, July 20, 2022, in Menomonie Falls, Wis. Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June. (AP Photo/Morry Gash, File)
3 hours ago

Growth in corporate profits may not be as strong as it seems

Wall Street’s big gains this summer have been spread widely across industries
3 hours ago
3 hours ago

Give & take: West gives Ukraine weapons, bans Russian coal

Western nations make more pledges to send arms to Ukraine while the European Union’s full ban on Russian coal imports kicks in on Thursday amid claims sanctions against Moscow now even affected its defense exports
3 hours ago
A satellite image by Planet Labs PBC shows Saki Air Base after an explosion there Wednesday, Aug. 10, 2022, in the Crimean Peninsula, the Black Sea peninsula seized from Ukraine by Russia and annexed in March 2014. Ukraine said Wednesday that nine Russian warplanes were destroyed in a deadly string of explosions at an air base in Crimea that appeared to be the result of a Ukrainian attack, which would represent a significant escalation in the war. (Planet Labs PBC via AP)
3 hours ago

New leader takes helm at Atlantic City casino trade group

The trade group for Atlantic City’s nine casinos named a veteran casino executive as its new president
3 hours ago
Resorts casino president Mark Giannantonio speaks at a press conference at his casino in Atlantic City on Oct. 8, 2019. On Thursday Aug. 11, 2022, Giannantonio was named the new president of the Casino Association of New Jersey, the trade association representing Atlantic City's nine casinos. (AP Photo/Wayne Parry)
3 hours ago

New leader takes helm at Atlantic City casino trade group

The trade group for Atlantic City’s nine casinos named a veteran casino executive as its new president
3 hours ago
Resorts casino president Mark Giannantonio speaks at a press conference at his casino in Atlantic City on Oct. 8, 2019. On Thursday Aug. 11, 2022, Giannantonio was named the new president of the Casino Association of New Jersey, the trade association representing Atlantic City's nine casinos. (AP Photo/Wayne Parry)
3 hours ago

US unemployment claims rise by 14,000 to 262,000

The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength
3 hours ago
FILE - A hiring sign is displayed at a restaurant in Schaumburg, Ill., Friday, April 1, 2022. More Americans applied for jobless benefits last week, reported Thursday, Aug. 4, 2022, as the number of unemployed continues to rise modestly, though the labor market remains one of the strongest parts of the U.S. economy. (AP Photo/Nam Y. Huh, File)
August 11

Russia struggles to replenish its troops in Ukraine

The Kremlin has refused to announce a full-blown mobilization as Russia suffers military losses in its invasion of Ukraine which is nearing its sixth month
August 11
FILE - A Russian mine clearing expert with a dog works to find and defuse mines along the high voltage line in Mariupol, on the territory which is under the Government of the Donetsk People's Republic control, eastern Ukraine, Wednesday, July 13, 2022. Despite getting bogged down in Ukraine, the Kremlin has resisted announcing a full-blown mobilization, a move that could prove to be very unpopular for President Vladimir Putin. That has led instead to a covert recruitment effort that includes trying to get prisoners to make up for the manpower shortage. This photo was taken during a trip organized by the Russian Ministry of Defense. (AP Photo, File)
August 11

Firefighters combat major wildfire in southwestern France

More than 1,000 firefighters are struggling to contain a major wildfire that has burned a large area of pine forest in southwestern France in a region that was already ravaged by flames last month
August 11
This photo provided by the fire brigade of the Gironde region SDIS 33, (Departmental fire and rescue service 33) shows firefighters tackling a blaze near Saint-Magne, south of Bordeaux, southwestern France, Wednesday, Aug. 10, 2022. (SDIS 33 via AP)
August 11

Gas prices dip just below $4 for the first time in 5 months

U.S. gas prices have dipped under $4 a gallon for the first time in more than five months
August 11
FILE - A motorist fills up the tank on a sedan, on July 22, 2022, in Saratoga, Wyo. Gasoline prices are sliding back toward the $4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials. (AP Photo/David Zalubowski, File)
August 11

Germany: Pressure grows on Scholz over tax scam ties

Germany’s main opposition party has called on Chancellor Olaf Scholz to explain his role in a large-scale tax evasion scam while he was mayor of Hamburg
August 11
German Chancellor Olaf Scholz arrives for the weekly cabinet meeting at the chancellery in Berlin, Germany, Wednesday, Aug. 10, 2022. (AP Photo/Michael Sohn)
August 11

Gas prices fall below $4 for 1st time since March

In Texas, the state with the lowest gas prices, a gallon costs $3.49.
August 11
Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston.
August 11

Cancellation of Atlanta festival sparks new fight over guns

The cancellation of a major music festival in Atlanta has ignited a new fight over Georgia gun laws
August 11
FILE - Billie Eilish performs on stage during Day 2 of Music Midtown 2019 in Atlanta, Sept. 15, 2019. The cancellation of the major music festival has ignited a new fight over Georgia gun laws. Live Nation has refused to say why it abruptly called off September 2022’s Music Midtown festival. (Photo by Paul R. Giunta/Invision/AP, File)
August 11

Cancellation of Atlanta festival sparks new fight over guns

The cancellation of a major music festival in Atlanta has ignited a new fight over Georgia gun laws
August 11
FILE - Billie Eilish performs on stage during Day 2 of Music Midtown 2019 in Atlanta, Sept. 15, 2019. The cancellation of the major music festival has ignited a new fight over Georgia gun laws. Live Nation has refused to say why it abruptly called off September 2022’s Music Midtown festival. (Photo by Paul R. Giunta/Invision/AP, File)
August 11

Asian shares track Wall Street gains on cooling inflation

Shares have advanced in Asia after benchmarks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July
August 11
Traders work on the floor at the New York Stock Exchange in New York, Wednesday, Aug. 10, 2022. (AP Photo/Seth Wenig)
August 11

Metallica, Mariah Carey headline Global Citizen NYC concert

Metallica, Mariah Carey and The Jonas Brothers will headline a free concert in New York’s Central Park to mark the 10th anniversary of the Global Citizen Festival on Sept. 24
August 11
August 10

Japan PM purges Cabinet after support falls over church ties

Japanese Prime Minister Fumio Kishida has reshuffled his Cabinet in a bid to distance his administration from the conservative Unification Church over its ties to the assassinated leader Shinzo Abe and senior ruling party members
August 10
Japanese Prime Minister Fumio Kishida poses for a photo before a meeting with his party members including Toshimitsu Motegi, second left, and Taro Aso, second right, at the party's headquarters in Tokyo, Wednesday, Aug. 10, 2022. Kishida is set to reshuffle his Cabinet on Wednesday in a move seen as trying to distance his administration from controversial ties to the Unification Church following former leader Shinzo Abe's assassination. (Yohei Fukai/Kyodo News via AP)
August 10

Elon Musk sells $7B in Tesla shares ahead of Twitter fight

Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter
August 10
FILE - Tesla CEO Elon Musk speaks before unveiling the Model Y at the company's design studio on March 14, 2019, in Hawthorne, Calif. Musk is selling about 8 million Tesla shares worth nearly $7 billion as the billionaire looks to get his finances in order ahead of his court battle with Twitter. (AP Photo/Jae C. Hong, File)
August 10

Disney+ ad-free subscription cost to rise by 38% in December

Disney said it is raising prices for streaming subscribers in the U_S_ who want to watch Disney+ without ads as more viewers switch to what CEO Bob Chapek described Wednesday as the “best value in streaming.”
August 10
FILE - In this Nov. 13, 2019, photo, a Disney logo forms part of a menu for the Disney Plus movie and entertainment streaming service on a computer screen in Walpole, Mass. Disney said Wednesday, Aug. 10, 2022, it is raising prices for streaming subscribers in the U.S. who want to watch Disney+ without ads, as more viewers switch to what CEO Bob Chapek described Wednesday as the “best value in streaming.” (AP Photo/Steven Senne, File)
August 10

Judge: Walgreens contributed to San Francisco opioid crisis

A federal judge has ruled that Walgreens can be held responsible for contributing to San Francisco’s opioid crisis for over-dispensing opioids for years without proper oversight and failing to identify and report suspicious orders as required by law
August 10
FILE - Window shoppers look at a Walgreens storefront in San Francisco on June 26, 2006. A federal judge ruled Wednesday, Aug. 10, 2022, that the pharmacy chain Walgreens can be held responsible for contributing to San Francisco's opioid crisis for over-dispensing opioids for years without proper oversight and failing to identify and report suspicious orders as required by law. (AP Photo/Ben Margot, File)
August 10

Travelers are starting to get a break from higher airfares

Air travelers are finally getting a break on fares
August 10
FILE - A passenger passes by a sign for the Transportation Security Administration's TSA PreCheck line in Terminal A at Logan Airport in Boston, Monday, June 27, 2016. Air travelers are finally getting a break on fares. The government said Wednesday, Aug. 10, 2022, that the average airfare dropped nearly 8% in July compared with June, to $311. (AP Photo/Charles Krupa, File)
August 10

Inflation slows slightly in July as prices increase 8.5% in past year

ABC News’ Alexis Christoforous and Kenneth Moton break down the latest inflation report, which showed inflation slowing in July from the previous month.
August 10
VIDEO: Inflation slows slightly in July as prices increase 8.5% in past year
August 10

July inflation remains steady as food, shelter rise

Experts are "cautiously optimistic" as inflation slows.
August 10
August 10

How major US stock indexes fared Wednesday 8/10/2022

Stocks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July
August 10
August 10

EXPLAINER: Mixed US inflation signs. Where are prices going?

Consumers struggling with skyrocketing prices for food, gas, autos and rent got a tantalizing hint of relief last month, when prices didn’t budge at all from June after 25 straight months of increases
August 10
FILE - A motorist fills up the tank on a sedan, on July 22, 2022, in Saratoga, Wyo. Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June. (AP Photo/David Zalubowski, File)
August 10

Rhine River could fall below critical mark, risking industry

German officials say water levels on the Rhine River could reach a critically low point in the coming days, making the transport of goods along the river increasingly difficult
August 10
The river Rhine is pictured with low water in Cologne, Germany, Wednesday, Aug. 10, 2022. The low water levels are threatening Germany's industry as more and more ships are unable to traverse the key waterway. Severe drought will worsen in Europe in August as a hot and dry summer persists. (AP Photo/Martin Meissner)
August 10

Lower prices offer Americans slight reprieve from inflation

Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades
August 10
Money is exchanged at a food stand while workers wear face masks inside Grand Central Market on Wednesday, July 13, 2022, in Los Angeles. Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June. And even as gas prices fall, inflation in services such as health care, rents and restaurant meals is accelerating. (AP Photo/Marcio Jose Sanchez)
August 10

Axon, Trade Desk rise; Alcon, Rackspace fall

Stocks that traded heavily or had substantial price changes Wednesday: Axon, Trade Desk rise; Alcon, Rackspace fall
August 10
August 10

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for September delivery rose $1.43 to $91.93 a barrel Wednesday
August 10
August 10

Inflation hits these products most and these least: EXPLAINER

Eggs have undergone a 38% price increase over the past year.
August 10
A customer shops in a supermarket in New York on Aug. 5, 2022.
August 10

AP FACT CHECK: GOP skews budget bill’s impact on IRS, taxes

Republican politicians and candidates are distorting how a major economic bill working its way through Congress would overhaul the IRS and affect taxes for the middle class
August 10
FILE - A sign is displayed outside the Internal Revenue Service building on May 4, 2021, in Washington. Conservative politicians and candidates are distorting how a major economic bill passed over the weekend by the Senate would reform the IRS and affect taxes for the middle class. The Inflation Reduction Act, which awaits a House vote after passing in the Senate on Sunday, would increase the ranks of the IRS — but it wouldn’t create a mob of armed auditors looking to harass middle class taxpayers, as some Republicans are claiming. (AP Photo/Patrick Semansky, File)
August 10

Inflation slows significantly as gas prices drop in July

The slowdown coincides with a series of rate hikes from the Federal Reserve.
August 10
Gas prices are displayed at an Exxon gas station on July 29, 2022, in Houston.
August 10

Inflation slows in July as gas prices drop

ABC News business reporter Alexis Christoforous discusses the latest consumer price index report that shows inflation is up 8.5% in the past year and what that means for Americans’ wallets.
August 10
VIDEO: Inflation slows in July as gas prices drop
August 10

Serena's Choice: Williams' tough call resonates with women

She will step away to focus on having a second child.
August 10
FILE - Serena Williams of the U.S. returns in the final of the French Open tennis tournament against Lucie Safarova of the Czech Republic at the Roland Garros stadium, in Paris, France, Saturday, June 6, 2015. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams said Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. (AP Photo/David Vincent, File)
August 10

US inflation slows from a 40-year peak but remains high

Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June
August 10
FILE - Gas prices are displayed at a Sunoco gas station along the Ohio Turnpike near Youngstown, Ohio, Tuesday, July 12, 2022. Thanks largely to falling gas prices, the government’s inflation report for July, to be released Wednesday, Aug. 10, 2022, will probably show that prices jumped 8.7% from a year earlier, according to a survey of economists by data provider FactSet. (AP Photo/Gene J. Puskar, File)
August 10

Social media offers parents more controls. But do they help?

As concerns about social media’s harmful effects on teens continue to rise, platforms from Snapchat to TikTok to Instagram are bolting on new features designed to make their services safer and more age appropriate
August 10
FILE - The Snapchat app is seen on a mobile device in New York, Aug. 9, 2017. As concerns about social media's impact on teen psychology continue to rise, platforms from Snapchat to TikTok to Instagram are bolting on new features they say will make their services safer and more age appropriate. (AP Photo/Richard Drew, File)
August 10

Evictions spiking as assistance, protections disappear

Eviction filings around the country are returning to pre-pandemic levels in many cities and states
August 10
August 10

Evictions spiking as assistance, protections disappear

Eviction filings around the country are returning to pre-pandemic levels in many cities and states
August 10
August 10

Evictions spiking as assistance, protections disappear

Eviction filings around the country are returning to pre-pandemic levels in many cities and states
August 10
August 10

Evictions spiking as assistance, protections disappear

Eviction filings around the country are returning to pre-pandemic levels in many cities and states
August 10
August 10

Evictions spiking as assistance, protections disappear

Eviction filings around the country are returning to pre-pandemic levels in many cities and states
August 10
August 10

Evictions spiking as assistance, protections disappear

Eviction filings around the country are returning to pre-pandemic levels in many cities and states
August 10
August 10

Evictions spiking as assistance, protections disappear

Eviction filings around the country are returning to pre-pandemic levels in many cities and states
August 10
August 10

Evictions spiking as assistance, protections disappear

Eviction filings around the country are returning to pre-pandemic levels in many cities and states
August 10
August 10

Evictions spiking as assistance, protections disappear

Eviction filings around the country are returning to pre-pandemic levels in many cities and states
August 10