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ABC Business News
Hiring increased sharply at outset of 2026, blowing past economists’ expectations
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on January 28, 2026 in Washington, DC. (Kevin Dietsch/Getty Images) (NEW YORK) — Hiring [Read More…]
Dow closes above 50,000 for the first time ever
The Dow Jones Industrial Average logo appears on the screen of a smartphone in Reno, United States, on December 1, 2024. (Photo by Jaque Silva/NurPhoto via Getty Images) (NEW YORK) — The Dow Jones Industrial [Read More…]
Consumer sentiment brightens, defying economists’ expectations
Grocery Store Shopping Supermarket (Oscar Wong/Getty Images) (NEW YORK) — Consumer sentiment ticked higher in February for the second consecutive month as inflation fears appeared to ease, though shopper attitudes remained well below levels registered a year [Read More…]
Bitcoin plunges to lowest level since October 2024
Bitcoin signage on the exhibition floor during the Plan B Forum Bitcoin conference in San Salvador, El Salvador, on Friday, Jan. 30, 2026. The conference brings together world leaders, technologists, and entrepreneurs to discuss nation-state [Read More…]
EEOC alleges anti-white discrimination at Nike, seeks court enforcement of subpoena
A Nike logo is seen at the Nike flagship store, Dec. 20, 2019, in New York. (Stephanie Keith/Getty Images) (WASHINGTON) — The federal agency that investigates workplace discrimination is seeking court enforcement of a subpoena [Read More…]
Disney names Josh D’Amaro CEO, Dana Walden president and chief creative officer
James Gorman, Chairman of The Walt Disney Company Board of Directors stands with newly named CEO of The Walt Disney Company, Josh D’Amaro, newly named President and Chief Creative Officer of The Walt Disney Company [Read More…]
Federal Reserve holds interest rates steady
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. (Chip Somodevilla/Getty Images) (NEW YORK) — The [Read More…]
Federal Reserve expected to hold interest rates steady
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. (Chip Somodevilla/Getty Images) (NEW YORK) — The [Read More…]
Amazon to reduce workforce by 16,000, company says in email to staff
The logo and lettering of global online mail order company Amazon can be seen on the façade of Amazon Germany’s headquarters in Parkstadt Schwabing in Munich (Bavaria). Amazon.com, Inc. is a listed US-American, globally active [Read More…]
Federal Reserve expected to hold interest rates steady, defying Trump
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. (Chip Somodevilla/Getty Images) (NEW YORK) — The [Read More…]
Trade tensions are whipsawing US mortgage rates. What happens next?
President Donald Trump attends the signing ceremony of the Peace Charter for Gaza as part of the 56th World Economic Forum in Davos, Switzerland on January 22, 2026. (Harun Ozalp/Anadolu via Getty Images) (NEW YORK) [Read More…]
Gold hits record high as investors seek safety
A display of one kilogram gold bars at Conclude Zrt bullion dealer arranged in Budapest, Hungary, on Thursday, Jan. 22, 2026. Gold closed in on $5,000 an ounce, with geopolitical risks and renewed threats to [Read More…]
Dow closes up 580 points after Trump backs off tariffs over Greenland
U.S. President Donald Trump gives a speech at the World Economic Forum (WEF) on January 21, 2026, in Davos, Switzerland. The annual meeting of political and business leaders comes amid rising tensions between the United [Read More…]
European officials suspend US trade agreement amid tariff dispute over Greenland
A large vinyl decal displaying the official circular logo of the European Parliament, along with the full blue and yellow starred flag of the European Union, is affixed to the glass curtain wall of the [Read More…]
Dow closes down 870 points as Trump threatens tariffs on European countries over Greenland
Photo of Wall Street (Matteo Colombo/Getty Images) (NEW YORK) — Stocks closed down significantly on Tuesday, deepening losses suffered at the outset of trading, after President Donald Trump threatened tariffs on multiple European countries as part of [Read More…]
Stocks fall as Trump threatens tariffs on European countries over Greenland
Photo of Wall Street (Matteo Colombo/Getty Images) (NEW YORK) — Stocks tumbled in early trading on Tuesday as President Donald Trump threatened tariffs on multiple European countries as part of a push for U.S. control of Greenland. The [Read More…]
Verizon outage affecting thousands of customers
Igor Golovniov/SOPA Images/LightRocket via Getty Images (NEW YORK) — Some Verizon customers were experiencing a service outage on Wednesday afternoon, according to the company. Verizon said it was not immediately clear how long the service [Read More…]
Inflation expected to have held firm, posing challenge amid DOJ probe into Fed Chair Powell
U.S. Federal Reserve Chair Jerome Powell. (Li Yuanqing/Xinhua via Getty Images) (NEW YORK) — An inflation report on Tuesday is set to provide a key gauge of the nation’s economy, just days after reports of [Read More…]
Stocks fall after Trump’s DOJ opens criminal probe into Fed Chair Powell
Money Cash Stocks Decline ( Anton Petrus/Getty Images) (NEW YORK) — Stocks slid in early trading on Monday hours after reports that the Department of Justice had opened a criminal investigation into Federal Reserve Chair Jerome Powell [Read More…]
Could Trump bring down home prices by banning Wall Street ownership?
U.S. President Donald Trump listens during a ceremony for the presentation of the Mexican Border Defense Medal in the Oval Office of the White House on December 15, 2025, in Washington, DC. (Photo by Anna [Read More…]