ABC Business News

ABC News TikTok said Sunday it’s “restoring service” after a ban in the United States initially began to take effect earlier in the day. “In agreement with our service providers, TikTok is in the process [Read More…]

Javier Ghersi/Getty Images (WASHINGTON) — Consumer prices rose 2.9% in December compared to a year ago, ticking up from the previous month and extending a resurgent bout of inflation just days before President-elect Donald Trump [Read More…]

Benjamin Fanjoy/Bloomberg via Getty Images (LOS ANGELES) — Multiple fires raging across the Los Angeles area will cost insurers as much as $30 billion, Wells Fargo and Goldman Sachs estimated in a report released this week. After accounting for [Read More…]

Michael M. Santiago/Getty Images (NEW YORK) — TikTok mounted a last-ditch effort at the Supreme Court on Friday meant to stop a ban of the app set to take effect within days — but the [Read More…]

Alexandr Kolesnikov/Getty Images (NEW YORK) — Online holiday shopping soared to a fresh record high in 2024, driven by an array of e-commerce discounts and adoption of AI-fueled shopping assistants, according to data released on Tuesday by Adobe. E-commerce [Read More…]

David Paul Morris/Bloomberg via Getty Images (NEW YORK) — Facebook plans to replace its fact-checkers with “community notes,” a move that Meta CEO Mark Zuckerberg said would allow the social network to return “to our [Read More…]

Prapass Pulsub via Getty Images (WASHINGTON) — In a major change that could affect millions of Americans’ credit scores, the Consumer Financial Protection Bureau on Tuesday finalized a rule to remove medical debt from consumer [Read More…]

David Paul Morris/Bloomberg via Getty Images (NEW YORK) — Facebook plans to replace its fact-checkers with “community notes,” a move that Meta CEO Mark Zuckerberg said would allow the social network to return “to our [Read More…]

Prapass Pulsub via Getty Images (WASHINGTON) — In a major change that could affect millions of Americans’ credit scores, the Consumer Financial Protection Bureau on Tuesday finalized a rule to remove medical debt from consumer [Read More…]

CHRIS KLEPONIS/AFP via Getty Images (WASHINGTON) — President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to [Read More…]

(Phillip Spears/Getty Images) (NEW YORK) — Homebuyers eager to forget this year’s housing market may ring in 2025 with an extra dash of zeal. A rapid rise in home prices has coincided with stubbornly high [Read More…]

Eric Thayer/Bloomberg via Getty Images (NEW YORK) — Nearly half of U.S. states are set to raise their minimum wage at the outset of 2025, boosting pay for millions of workers stretching from California to Maine. In all, 21 [Read More…]

Jin Lee/Bloomberg via Getty Images (NEW YORK) — The fund disbursing money to the victims of Bernie Madoff’s legendary Ponzi scheme began its 10th and final distribution on Monday, putting another $131 million in the [Read More…]

SeongJoon Cho/Bloomberg via Getty Images (NEW YORK) — Shares of Boeing fell in early trading on Monday, one day after a Boeing model 737-800 was involved in the Jeju Air plane crash in South Korea that killed scores of [Read More…]

Rebecca Noble/Getty Images (NEW YORK) — Two weeks before the Supreme Court is set to hear oral arguments over TikTok’s future, President-elect Donald Trump has asked the justices to delay a Jan. 19 deadline for [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — The stock market climbed to record highs in 2024, extending banner gains achieved the previous year. The S&P 500 — the index that most people’s 401(k)’s track — climbed [Read More…]

Alexandr Kolesnikov/Getty Images (NEW YORK) — Holiday spending surged in 2024, blowing past expectations and outpacing customer purchases over the gift-buying season last year, according to data released on Thursday by Mastercard SpendingPulse, which gauges in-store and [Read More…]

John Keeble/Getty Images (NEW YORK) — Thousands of Starbucks baristas are set to walk off the job on Tuesday, expanding the dayslong holiday strike to 300 stores in dozens of cities and towns nationwide, according to the union Starbucks [Read More…]

ABC News Amazon delivery drivers and third-party workers for the nation’s predominant shopping platform have walked off the job in the past week, seeking what they consider a fair labor agreement — and triggering widespread [Read More…]

Vincent Alban/Bloomberg via Getty Images (NEW YORK) — Starbucks baristas walked off the job in major cities in Massachusetts, Texas and Oregon on Monday, expanding the dayslong holiday strike to 12 cities nationwide, according to the union Starbucks Workers [Read More…]