ABC Business News

Javier Ghersi/Getty Images (NEW YORK) — The stock price of former President Donald Trump’s social media platform Truth Social made turbulent swings in the aftermath of his conviction in a New York court on Thursday. [Read More…]

wera Rodsawang/Getty Images (NEW YORK) — The cost of child care in the U.S. is rising at nearly double the pace of overall inflation, according to a new report by tax firm KPMG. Between 1990 [Read More…]

The Hyundai Motor Co. logo is seen on the front grill of a Santa Fe sports utility vehicle (SUV) at the Hyundai Motor Manufacturing Alabama (HMMA) facility in Montgomery, Alabama, July 19, 2017. — Luke [Read More…]

An employee adds sour cream to a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky, Feb. 2, 2019. (Bloomberg via Getty Images, FILE) (NEW YORK) — Social media is full of [Read More…]

Andrew Merry/ Getty Images (NEW YORK) — Nissan has issued a “do not drive” warning for 83,920 vehicles from model years 2002-2006 with recalled Takata airbags. The warning covers certain model year 2002-2006 Nissan Sentras, [Read More…]

T-Mobile CEO Mike Sievert speaks during a T-Mobile and SpaceX joint event, Aug. 25, 2022, in Boca Chica Beach, Texas. (Michael Gonzalez/Getty Images) (NEW YORK) — T-Mobile, one of the nation’s largest wireless providers, announced [Read More…]

Thinkstock/Getty Images (NEW YORK) — A company that posted a discriminatory job advertisement seeking only white candidates has been fined by the federal government and come to separate agreements with the U.S. Department of Justice [Read More…]

A worker hands food to a customer at the drive-thru window of a Burger King fast food restaurant in Hialeah, Florida, April 18, 2024. Eva Marie Uzcategui/Bloomberg via Getty Images (NEW YORK) — Burger King [Read More…]

Tom Merton/Getty Images (WASHINGTON) — The Biden administration announced this week that it is releasing 1 million barrels of gasoline from a Northeast reserve in an effort to reduce prices when drivers hit the road [Read More…]

In this April 17, 2024, file photo, the Live Nation website is shown on a laptop in New York. (Bloomberg via Getty Images) (WASHINGTON) — The Justice Department and dozens of state and district attorneys [Read More…]

In this April 17, 2024, file photo, the Live Nation website is shown on a laptop in New York. (Bloomberg via Getty Images) (WASHINGTON) — The Justice Department and 30 states filed a major antitrust [Read More…]

ermingut/Getty Images (NEW YORK) — For more than three years, rapid inflation has frustrated shoppers scanning store shelves for deals. But a host of prominent companies are finally delivering relief. Target, Ikea, Aldi, McDonald’s and [Read More…]

ABC News (NEW YORK) — As inflation continues to worry Americans, Aldi CEO Jason Hart said the discount grocery chain is focused on keeping grocery prices low as the summer season heats up. Hart joined [Read More…]

In this April 17, 2024, file photo, the Live Nation website is shown on a laptop in New York. (Bloomberg via Getty Images) (WASHINGTON) — The Justice Department and a group of state attorneys general [Read More…]

The Federal Deposit Insurance Corp. (FDIC) headquarters in Washington, D.C., May 20, 2024. (Al Drago/Bloomberg via Getty Images) (WASHINGTON) — The head of the Federal Deposit Insurance Corporation said this week that he would leave [Read More…]

The Ting family spoke to ABC News about their generational store Ting’s Gift Shop in Chinatown. (ABC News) (NEW YORK) — Ting’s Gift Shop in New York City’s bustling Chinatown has shuttered after 66 years [Read More…]

The Wendy’s Company (NEW YORK) — Wendy’s is enticing its customers with a new deal amid increased prices at fast food chains. Beginning Monday, May 20, customers can get a breakfast combination deal from Wendy’s [Read More…]

A Target store stands in Manhattan on March 5, 2024 in New York City. (Spencer Platt/Getty Images) (NEW YORK) — Retail giant Target announced Monday it is lowering prices on around 5,000 items in its [Read More…]

RapidEye/Getty Images (NEW YORK) — Red Lobster has voluntarily filed for Chapter 11 bankruptcy, according to a recent press release shared with ABC News. The largest seafood chain in the U.S., home to Cheddar Bay [Read More…]

McDonald’s plans to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices. The deal would let customers get a four-piece McNugget, small fries, a small [Read More…]