ABC Business News

Matteo Colombo/Getty Images (NEW YORK) — Stocks plummeted on Monday as markets worldwide reckoned with a disappointing jobs report last week that fueled concern of a possible recession. When markets opened on Monday morning, the [Read More…]

Andrew Brookes/Getty Images, STOCK (NEW YORK) — A worldwide selloff jolted markets on Monday in the aftermath of a weaker-than-expected U.S. jobs report that elicited fear of an economic recession. Japan’s main Nikkei 225 stock [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — Stocks plummeted on Monday as markets worldwide reckoned with a disappointing jobs report last week that fueled concern of a possible recession. The major stock indexes in the U.S. [Read More…]

Getty Images – STOCK/Yuichiro Chino (NEW YORK) — The major stock indexes dropped significantly on Friday after a weaker-than-expected jobs report stoked worries of a possible recession. In early trading, the S&P 500 was on [Read More…]

Scott Olson/Getty Images (WASHINGTON) — Former President Donald Trump this week voiced an alarming claim about the alleged threat that immigrants pose to Black workers. “Coming from the border are millions and millions of people [Read More…]

Andrew Harnik/Getty Images (NEW YORK) — A weaker-than-expected jobs report on Friday fueled concern about a potential economic recession and calls for an interest rate cut. Employers hired 114,000 workers last month, falling well short [Read More…]

Kwanchai Lerttanapunyaporn / EyeEm/Getty Images (WASHINGTON) — A weaker-than-expected jobs report on Friday fueled concern about a potential economic recession and calls for an interest rate cut. Employers hired 114,000 workers last month, falling well [Read More…]

Samuel Corum/Bloomberg via Getty Images (NEW YORK) — Less than a week after Elon Musk publicly endorsed the candidacy of former President Donald Trump, he shared an edited video of Vice President Kamala Harris that [Read More…]

A Spirit Airlines takes off from Oakland International Airport on May 06, 2024 in Oakland, California. (Justin Sullivan/Getty Images) (NEW YORK) — Spirit Airlines is shifting gears from its famously no-frills service to offer new [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve maintained its benchmark interest rate on Wednesday, keeping borrowing costs at their highest level in more than two decades despite a prolonged cooldown of inflation. An interest [Read More…]

USDA (NEW YORK) — Boar’s Head has expanded its previous recall on several types of deli meats to include an additional 7 million pounds of ready-to-eat meat and poultry products that may be contaminated with [Read More…]

Andrew Harnik/Getty Images (NEW YORK) — Delta Air Lines has reportedly hired a prominent law firm to help the Atlanta-based carrier pursue potential damages from CrowdStrike and Microsoft following the global tech outages that caused [Read More…]

David Sacks/Getty Images (NEW YORK) — Holland America has created some picture perfect cruise itineraries for travelers with celestial events on their adventure bucket list such as seeing the northern lights or a total solar [Read More…]

Oscar Wong/Getty Images (WASHINGTON) — Former President Donald Trump told the audience at a cryptocurrency conference in Nashville, Tennessee, over the weekend that he wants to turn the U.S. into the “crypto capital of the [Read More…]

Justin Sullivan/Getty Images (NEW YORK) — They’ve got sleek styling, impressive fuel economy and added power. Hybrids are the hottest vehicles right now and some Americans are struggling to find one. Jeff Buchanan, vice president [Read More…]

Brandon Bell/Getty Images (NEW YORK) — An outage caused by a software update distributed by cybersecurity firm CrowdStrike triggered a wave of flight cancellations at several major U.S. airlines – but the disruption was most [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — The U.S. economy grew much faster than expected over three months ending in June, accelerating from the previous quarter and defying concerns about a possible slowdown. U.S. GDP grew [Read More…]

The Boeing company logo (Photo by Patrick Pleul/picture alliance via Getty Images) (NEW YORK) — The Department of Justice and Boeing have finalized their plea agreement — the manufacturer will plead guilty to conspiracy to [Read More…]

Smith Collection/Gado/Getty Images (NEW YORK) — Shares of Tesla fell 12% in early trading on Wednesday after an earnings release showed slumping profits in the face of strengthened competition and sluggish sales. The earnings report [Read More…]

Travelers wait to board their delayed flight at the Hartsfield-Jackson Atlanta International Airport on July 23, 2024 in Atlanta, Georgia. (Brandon Bell/Getty Images) (NEW YORK) — Delta Air Lines passengers are voicing outrage over the [Read More…]