ABC Business News

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, April 29, 2026. (Photo by Li Rui/Xinhua via Getty Images) (NEW YORK) — A global pandemic that put millions [Read More…]

An aerial view of the New York Stock Exchange’s trading floor. Since the installation of the Hybrid Market system in 2007, there has been less traders on the floor due to an increase of electronically [Read More…]

(WASHINGTON) — The Senate voted Wednesday to confirm Federal Reserve chair nominee Kevin Warsh, clearing the way for Warsh to replace central bank head Jerome Powell when his term ends later this week. The Senate confirmed [Read More…]

Close-up on a woman shopping at a convenience store and checking her receipt while exiting. (Hispanolistic.Getty) (NEW YORK) — Inflation rose for a second consecutive month as the U.S.-Israeli war with Iran continued to send [Read More…]

A sign displays the prices of unleaded gasoline and diesel fuel at a Chevron gas station in Los Angeles on Monday, May 4, 2026. (Kyle Grillot/Bloomberg via Getty Images) (LOS ANGELES) — A Chevron gas [Read More…]

In this photo illustration, the PayPal logo is displayed on the screen of a smart tablet. (Sheldon Cooper/SOPA Images/LightRocket via Getty Images) (WASHINGTON) — PayPal has agreed to waive $30 million in processing fees in [Read More…]

The Ateela 2 Oil Tanker boat navigates the sea on April 28, 2026 on Qeshm Island, Iran in the Strait of Hormuz. (Photo by Asghar Besharati/Getty Images) (NEW YORK) — An inflation report on Tuesday [Read More…]

Job interview (filadendron/Getty) (NEW YORK) — Hiring slowed in April as a rise in fuel prices hammered shoppers weeks into the war with Iran, U.S. government data on Friday showed. The U.S. added 115,000 jobs [Read More…]

Signage at an Apple Store in San Francisco (David Paul Morris/Bloomberg via Getty Images) (NEW YORK) — Apple has agreed to settle a class-action lawsuit for $250 million after the tech giant was accused of [Read More…]

Customers pump gas into their car at a 76 station, May 4, 2026 in Los Angeles (Justin Sullivan/Getty Images) (NEW YORK) — Sky-high gasoline prices are hammering drivers across the United States as the Iran [Read More…]

A Spirit Airlines aircraft prepares to depart from the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas. (Photo by Brandon Bell/Getty Images) (NEW YORK) — The Department of Transportation said on Saturday the [Read More…]

Workers at Spirit Airlines wait for passengers to arrive for their flights at O’Hare Airport on March 10, 2026 in Chicago, Illinois. (Scott Olson/Getty Images) (WASHINGTON) — President Donald Trump said an announcement was expected [Read More…]

Workers at Spirit Airlines wait for passengers to arrive for their flights at O’Hare Airport on March 10, 2026 in Chicago, Illinois. (Scott Olson/Getty Images) (WASHINGTON) — President Donald Trump said an announcement was expected [Read More…]

People walk along Broadway with shopping bags in Manhattan on February 27, 2026 in New York City. (Spencer Platt/Getty Images) (NEW YORK) — The United States economy grew at a solid pace over the first [Read More…]

Kevin Warsh, President Donald Trump’s nominee for Chair of the Federal Reserve, testifies during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing, April 21, 2026 in Washington. (Andrew Harnik/Getty Images) (WASHINGTON) — [Read More…]

Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) (NEW YORK) [Read More…]

A gas pump stands at a station in Manhattan on April 21, 2026 in New York City. (Spencer Platt/Getty Images) (NEW YORK) — Gasoline prices in the United States hit their highest level in four [Read More…]

Elon Musk arrives to court for his lawsuit against OpenAI at the Ronald V. Dellums Federal Building on April 28, 2026 in Oakland, California. (Benjamin Fanjoy/Getty Images) (OAKLAND, Calif.) — Billionaire entrepreneur Elon Musk and [Read More…]

(NEW YORK) — The United Arab Emirates on Tuesday said it would leave the Organization of the Petroleum Exporting Countries (OPEC) next month. This is a developing story. Please check back for updates. Copyright © [Read More…]

A General Motors Co. Chevrolet dealership in Colma, California, US, on Friday, Jan. 23, 2026. (David Paul Morris/Bloomberg via Getty Images) (NEW YORK) — General Motors said on Monday it expects to receive $500 million [Read More…]