ABC Business News

SAMUEL CORUM/AFP via Getty Images (NEW YORK) — A baby formula shortage has escalated in recent months from a product recall to a national crisis, prompting emergency responses from business leaders and White House officials. [Read More…]

Michael Godek/Getty Images (NEW YORK) — As tens of millions of Americans prepare to hit the road for the holiday weekend, gas prices are continuing to soar. Across all 50 states, gas prices are above [Read More…]

George Frey/Bloomberg via Getty Images (WASHINGTON) — Washington, D.C., Attorney General Karl Racine has sued Meta CEO Mark Zuckerberg for allegedly failing to protect consumer data following the Cambridge Analytica data leak. “The evidence shows [Read More…]

Gado/Getty Images (NEW YORK) — The head of one of the country’s largest manufacturers of baby formula expressed remorse at his company’s role in the nationwide shortage — and announced a multimillion-dollar fund to help [Read More…]

Chuck Savage/Getty Images (NEW YORK) — In the coming weeks, thousands of graduates will walk across a stage to receive their college diploma. When they leave the stage, they will have not only a degree [Read More…]

JohnFScott/Getty Images (NEW YORK) — Advocates on both sides of the political fight over reproductive rights have spoken out, either in protest or applause of a draft Supreme Court opinion leaked earlier this month that, [Read More…]

Steve Heap/Getty Images (NEW YORK) — Walmart this week announced an upcoming one-weekend-only exclusive online sale for Walmart+ members. Walmart+ Weekend is set to run June 2 – 5 and will offer deep discounts on [Read More…]

Spencer Platt/Getty Images (NEW YORK) — It was another volatile day on Wall Street as investors worry that high inflation may finally be catching up with consumers. The Dow Jones Industrial Average lost 236 points, one [Read More…]

Artur Widak/NurPhoto via Getty Images (NEW YORK) — Ford is urging owners of 2021 Ford Expeditions and Lincoln Navigators to park their vehicles outside and away from any structures due to a fire risk, the National [Read More…]

FREDERIC J. BROWN/AFP via Getty Images (WASHINGTON) — President Joe Biden’s administration this week took necessary — if incremental — steps to address the lack of affordable housing across the country, advocates and experts say. [Read More…]

Michael Godek/Getty Images (NEW YORK) — With Memorial Day weekend around the corner, many Americans will likely hit the road to enjoy the unofficial start of summer. But that road trip will cost them as [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — Stock futures are down ahead of Thursday’s opening bell after Wall Street suffered its worst day in nearly two years. On Wednesday, the Dow Jones Industrial Average dropped 1,165 [Read More…]

Bite Beauty/ABC News Photo Illustration (NEW YORK) — Sad news for Bite Beauty lovers: The brand has officially announced it is shutting down operations after 10 years in business. The clean beauty brand is beloved [Read More…]

Hollie Adams/Bloomberg via Getty Images (BUFFALO, N.Y.) — The 18-year-old suspect who allegedly gunned down 10 people in a mass shooting at a supermarket in Buffalo, New York, on Saturday had, authorities say, an assault-style [Read More…]

Drew Angerer/Getty Images, FILE (NEW YORK) — Martin Shkreli, who was derided with the nickname “Pharma Bro” after he hiked the price of a lifesaving drug, and who flaunted his pricey purchase of a one-of-a-kind [Read More…]

Sean Justice/Getty Images (NEW YORK) — It’s almost hard to believe that we’re approaching the summer of 2022 — but we’re here for it. To kick off the summer, many brands are offering major deals [Read More…]

FDA (NEW YORK) — The maker of Skittles, Starburst and Life Savers gummies announced a voluntary recall over the possible “presence of a very thin metal strand embedded in the gummies or loose in the [Read More…]

Scott Olson/Getty Images (BUFFALO, N.Y.) — In the wake of a mass shooting at a supermarket in Buffalo, New York, organizations are rallying to support the local community and ensure residents have access to affordable [Read More…]

discan/Getty Images (NEW YORK) — It’s almost hard to believe that we’re approaching the summer of 2022 — but we’re here for it. To kick off the summer, many brands are offering major deals and [Read More…]

JIM WATSON/AFP via Getty Images (WASHINGTON) — FDA Commissioner Dr. Robert Califf said the Food and Drug Administration is finalizing a plan to import more baby formula to the U.S. amid a nationwide baby formula [Read More…]