ABC Business News

CasPhotography/iStock (NEW YORK) — Debt issues plaguing Evergrande, one of China’s largest real estate developers, have sent shock waves of anxiety throughout global financial markets. The Dow Jones Industrial Average suffered its biggest single-day drop [Read More…]

Chris Ryan/iStock (NEW YORK) — Just three weeks into the criminal trial of Elizabeth Holmes, jurors have already heard allegations of lies, deception and alleged intimidation from those who worked directly under her — and the [Read More…]

courtesy/iStock (NEW YORK) — From Snoopy and Power Rangers to Hot Wheels and Pokemon, McDonald’s has long provided a jolt of joy with its kid-friendly toys inside the iconic Happy Meal. Now, the Golden Arches is making an [Read More…]

PPAMPicture/iStock (NEW YORK) — Nearly 90 new companies — including multinational corporate giant Procter & Gamble, tech behemoth HP and cloud-computing titan Salesforce — have signed onto the Climate Pledge, an Amazon-backed initiative that asks firms [Read More…]

Vertigo3d/iStock (BUDAPEST, Hungary) — Cryptocurrency enthusiasts unveiled what they say is the world’s first statue of mystery-shrouded Bitcoin creator Satoshi Nakamoto, at a park in Budapest, Hungary. The expressionless, ultra-shiny bust is meant to represent [Read More…]

Eva Marie Uzcategui/Bloomberg via Getty Images (MERRITT ISLAND, Fla.) — The first all-civilian flight to Earth’s orbit successfully launched Wednesday. The Falcon 9 rocket took off as scheduled at the start of the five-hour window [Read More…]

Eva Marie Uzcategui/Bloomberg via Getty Images (MERRITT ISLAND, Fla.) — The first all-civilian flight to Earth’s orbit successfully launched Wednesday. The Falcon 9 rocket took off as scheduled at the start of the five-hour window [Read More…]

Ford Motor Company (NEW YORK) — Walmart on Wednesday announced plans to launch a new delivery service using self-driving vehicles in three U.S. cities, with autonomous test vehicles expected to hit the streets later this [Read More…]

ipopba/iStock (NEW YORK) — The United Nations Human Rights chief on Wednesday called for a moratorium on the sale of and use of artificial intelligence technology that poses human rights risks — including the state [Read More…]

Courtesy of Robin Barnes Casey (NEW ORLEANS) — As Hurricane Ida wreaked havoc in New Orleans, it swept away a historic jazz landmark that Louis Armstrong once considered a second home. “The message that boosting [Read More…]

SondraP/iStock (NEW YORK) — Travis and Emily Elwood never imagined that they would call Billings, Montana, home. The couple moved here from Portland, Oregon, last year when the pandemic forced them to reevaluate their priorities. [Read More…]

Prostock studio/iStock (NEW YORK) — With the cost of meat and other grocery products in the U.S. steadily increasing since the onset of the pandemic, grocery retailers and the Biden administration have weighed in on the [Read More…]

iStock (NEW YORK) — If you want to find the best deals for holiday flights, experts say you will find the lowest prices of the season this week. Airlines are being forced to drop fares [Read More…]

Sebastian Fahrni/iStock (SAN FRANCISCO) — La Cocina Municipal Marketplace, which started as a non-profit kitchen incubator, has become the nation’s first women-run, immigrant-owned food hall. “It’s a dream come true. I feel so proud especially [Read More…]

Sundry Photography/iStock (NEW YORK) — SpaceX’s Inspiration4 mission may sound familiar, as another billionaire-backed space launch, but it’s going where neither Richard Branson nor Jeff Bezos could — into orbit. Branson’s Virgin Galactic and Bezos’ [Read More…]

Jason Merritt/Getty Images (NEW YORK) — Jennifer Aniston is known for many things, and one happens to be her iconic hair. Known to wear her classic “Rachel” haircut during her years on the hit ’90s [Read More…]

iStock/pixdeluxe (WASHINGTON) — President Joe Biden announced on Thursday that federal government employees and contractors will now be required to be fully vaccinated against COVID-19, and the Occupational Safety and Health Administration will create a [Read More…]

Facebook (NEW YORK) — You can now wear Facebook on your face – kind of. The Ray Ban “Stories” are the result of a collaboration between the famous sunglasses company and social media giant Facebook. [Read More…]

iStock/ablokhin (WASHINGTON) — The number of job openings hit a record high of 10.9 million on the last day of July, the Department of Labor said Wednesday, as businesses struggle to lure back workers in [Read More…]

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 310,000, a pandemic low and a sign that the surge in COVID-19 cases caused by the delta variant has yet to [Read More…]