ABC Business News

Namthip Muanthongthae/Getty Images (NEW YORK) — The price of bitcoin has tumbled about 12% from a record high reached earlier this week. After topping $108,000 for the first time on Tuesday, the world’s largest cryptocurrency dropped to a price [Read More…]

WABC (NEW YORK) — As the Teamsters’ cross-country Christmastime strike against Amazon entered its second day on Friday, the union said that “momentum continues to mount” as workers seek “fair treatment” from the online retailer. [Read More…]

Amazon workers in New York striking Thursday morning. Image via WABC. (NEW YORK) — Workers affiliated with the Teamsters began striking at Amazon facilities across the country Thursday morning — in what the union calls [Read More…]

Amazon workers in New York striking Thursday morning. Image via WABC. (NEW YORK) — The Teamsters said workers will begin striking at Amazon facilities across the country Thursday morning — in what the union calls [Read More…]

Chris Unger/Zuffa LLC via Getty Images (WASHINGTON) — The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at the central bank’s last meeting before President-elect [Read More…]

Chesnot/Getty Images (NEW YORK) — The price of bitcoin topped $107,000 for the first time this week, climbing to a fresh high days after President-elect Donald Trump reaffirmed support for a U.S. bitcoin strategic reserve [Read More…]

Asanka Ratnayake/Getty Images (NEW YORK) — The federal appeals court that last week rejected TikTok’s attempt to overthrow its pending ban denied the company’s request Friday that sought to pause the ruling and the Jan. [Read More…]

Stefani Reynolds/Bloomberg via Getty Images (WASHINGTON) — A fresh inflation reading this week flashed a warning: Price increases are rising again, just when the Federal Reserve had appeared close to declaring “mission accomplished” in its yearslong fight to lower [Read More…]

DigitalVision/Getty Images (NEW YORK) — Multiple “Wanted” signs featuring corporate executives posted in Manhattan this week included a grave warning, according to a New York Police Department bulletin. “Brian Thompson was denied his claim to [Read More…]

Mark Felix/Bloomberg via Getty Images (WASHINGTON) — Albertsons has filed a lawsuit against its rival Kroger following a failed multibillion dollar deal that would have marked the biggest supermarket merger in U.S. history. Two federal judges in [Read More…]

Tang Ming Tung via Getty Images (WASHINGTON) — Consumer prices rose 2.7% in November compared to a year ago, ticking upward from the previous month and potentially giving pause to the Federal Reserve as it [Read More…]

Drew Angerer/Getty Images (NEW YORK) — A bankruptcy judge rejected the sale of Infowars to The Onion, conspiracy theorist Alex Jones said during his podcast on Tuesday. “We are deeply disappointed in today’s decision but [Read More…]

Jaque Silva/NurPhoto via Getty Images (WASHINGTON) — TikTok on Monday requested the emergency pause of a law set to ban the popular social media app next month. A temporary lifting of the measure would afford the Supreme [Read More…]

Allison Robbert-Pool/Getty Images (NEW YORK) — President-elect Donald Trump this week vowed to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., promising to bolster the domestic steel industry with tariffs. “I [Read More…]

Bing Guan/Bloomberg via Getty Images (WASHINGTON) — A federal appeals court on Friday rejected TikTok’s bid to overturn a law banning the platform unless the company finds a new owner. The defeat moves the app [Read More…]

Fernando Gutierrez-Juarez/picture alliance via Getty Images (NEW YORK) — The price of bitcoin dropped below $100,000 late Thursday, just a day after topping the milestone for the first time. The world’s largest cryptocurrency continued to slide in early [Read More…]

chairman of the US Federal Reserve Jerome Powell/photo credit:Yuki Iwamura/Bloomberg via Getty Images (WASHINGTON) — U.S. hiring surged in November, bouncing back from a dismal performance in the previous month and returning to strong growth. [Read More…]

Namthip Muanthongthae/Getty Images (NEW YORK) — The price of bitcoin topped $100,000 for the first time ever late Wednesday, and soared to a fresh high in early trading on Thursday. The new gains extended a rally set off by [Read More…]

Namthip Muanthongthae/Getty Images (NEW YORK) — The price of bitcoin surpassed $100,000 for the first time on Wednesday, soaring to a fresh high as the world’s largest cryptocurrency extended a rally set off by the [Read More…]

aire images/Getty Images (NEW YORK) — People haven’t only been filling their plates this Thanksgiving weekend — it also seems they’ve been filling their online shopping carts. Black Friday online shopping this year is on [Read More…]