ABC Business News

Avishek Das/SOPA Images/LightRocket via Getty Images (NEW YORK) — After waiting six months — and losing $4 billion on paper — former President Donald Trump faces a potential windfall from his social media company. Half [Read More…]

Grace Cary/Getty Images (NEW YORK) — The Federal Reserve delivered a jumbo-sized rate cut this week in a move widely viewed as a declaration of victory over inflation and a signal of relief for borrowers. [Read More…]

Karl Tapales/Getty Images (NEW YORK) — Instagram this week unveiled mandatory accounts for teens that bolster privacy protections, enable parental supervision, and restrict notifications during overnight hours. New and existing users under the age of [Read More…]

Bloomberg Creative/Getty Images (NEW YORK) — The Federal Reserve cut its benchmark interest rate a half of a percentage point on Wednesday in a landmark decision that dials back its years-long fight against inflation and [Read More…]

Bloomberg Creative/Getty Images (NEW YORK) — The Federal Reserve is set to make a pivotal decision about its benchmark interest rate on Wednesday that could dial back its years-long fight against inflation. Investors widely expect [Read More…]

Namthip Muanthongthae/Getty Images (NEW YORK) — After once deriding cryptocurrency as a “scam,” former President Donald Trump on Monday formally threw his support behind World Liberty Financial, a crypto venture whose business model remains largely [Read More…]

Meta (NEW YORK) — For the first time in its history, Instagram on Tuesday announced the launch of accounts designed specifically for teenage users with built-in privacy protections. The new accounts, called “Teen Accounts,” will [Read More…]

Popeyes (NEW YORK) — As fast food chains continue to drop prices on popular menu items in hopes of enticing hungry customers, Popeyes is entering the arena with a new $5 deal. The popular fried [Read More…]

The Revuelto, Lamborghini’s first plug-in hybrid, pairs a V12 engine with three electric motors. — Morgan Korn/ABC News (NEW YORKI) — Lamborghini has sold adrenaline-inducing speed and spaceship-like designs for decades, to much success. The [Read More…]

Bloomberg Creative/Getty Images (NEW YORK) — Borrowers have waited years for a sign of relief from high interest rates for everything from credit card loans to mortgages. The wait may come to an end this [Read More…]

Victor J. Blue/Bloomberg via Getty Images (NEW YORK) — Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, was convicted because of a “false narrative” told by federal prosecutors at a trial “tainted” by errors, [Read More…]

In this June 25, 2024, file photo, Boeing 737 MAX aircraft are assembled at the Boeing Renton Factory in Renton, Washington. — Jennifer Buchanan/POOL via AFP via Getty Images, FILE (NEW YORK) — Tens of [Read More…]

Stephen Brashear/Getty Images (SEATTLE) — Tens of thousands of Boeing workers are set to cast ballots in a vote Thursday that could potentially trigger a major strike against the embattled aerospace company with far-reaching implications [Read More…]

Arian Simone (L) presents the Fearless Strivers New Orleans Grant onstage during the 2022 Essence Festival of Culture at the Ernest N. Morial Convention Center on July 1, 2022 in New Orleans. (Paras Griffin/Getty Images) [Read More…]

Noel Hendrickson/Getty Images (NEW YORK) — Inflation is down significantly from its 9.1% pandemic-era peak in 2022, but the cost of food — especially groceries — may continue to puzzle some consumers at checkout lines [Read More…]

Amazon (NEW YORK) — Amazon is expanding its grocery footprint, simplifying online shopping and launching a “new no-frills brand” to help consumers stretch their dollar, while taking aim at rival retail competitor Walmart. On Wednesday, [Read More…]

Win McNamee/Getty Images (NEW YORK) — Shares in former President Donald Trump’s social media company fell to a record low Wednesday on the heels of Tuesday’s presidential debate, which a CNN poll indicated was won [Read More…]

Jaap Arriens/NurPhoto via Getty Images (NEW YORK) — Apple is unveiling its new iPhone 16 on Monday replete with artificial intelligence-driven features as the company introduces the buzzy technology into its signature smartphone. The Cupertino, [Read More…]

Douglas Sacha/Getty Images (NEW YORK) — Concerns about inflation have increasingly turned to concerns about the job market. Last month’s weaker than expected jobs report led to turmoil in stocks. The U.S. added 142,000 jobs [Read More…]

Shein and Temu icons are seen displayed on a phone screen in this illustration photo taken in Krakow, Poland on August 27, 2024. (Jakub Porzycki/NurPhoto via Getty Images) (NEW YORK) — Federal safety regulators are [Read More…]