ABC Business News

Grace Cary/Getty Images (NEW YORK) — Rising inflation has driven mortgage rates up, making it difficult for many Americans to find an affordable home. As a result, many potential buyers find themselves waiting for an [Read More…]

Andrew Harnik/Getty Images (WASHINGTON) — Borrowers eager for the Federal Reserve to abandon high interest rates could not have scripted a better four-word declaration than the one on Friday from Fed Chair Jerome Powell: “The [Read More…]

The Rimac Nevera electric hypercar holds more than 20 performance records. — Rimac Group (NEW YORK) — Mate Rimac has a tall order: trying to convince drivers that electric supercars are superior to combustion vehicles. [Read More…]

Andrew Chin/Getty Images (NEW YORK) — Two major Canadian freight rail companies locked out thousands of workers on Thursday, shutting down cross-border shipping routes and risking serious damage for the U.S. economy, industry experts told [Read More…]

A Hawaiian Airlines airplane takes off near an Alaska Airlines airplane at Los Angeles International Airport (LAX), Dec. 5, 2023, in Los Angeles. (Eric Thayer/Bloomberg via Getty Images) (NEW YORK) — Hawaiian Airlines and Alaska [Read More…]

Anna Moneymaker/Getty Images (WASHINGTON) — Vice President Kamala Harris has unveiled a comprehensive agenda focused on cooling inflation, but many economists consider the fight against price increases to be nearly finished. Inflation stands below 3% [Read More…]

Anna Barclay/Getty Images (NEW YORK) — Trump Media & Technology Group’s stock dropped more than 11% this week, suffering from sour sentiment after a weak earnings report and the return of former President Donald Trump [Read More…]

Jon Challicom/Getty Images (WASHINGTON) — On the road to the 2024 presidential election, Vice President Kamala Harris and former President Donald Trump’s views on electric vehicles (EVs) have offered two different visions of America’s automotive [Read More…]

Justin Sullivan/Getty Images (RALEIGH, N.C.) — When Vice President Kamala Harris unveils her economic policy proposals in Raleigh, North Carolina, on Friday, it will include a proposal to provide up to $25,000 in down payment [Read More…]

d3sign/Getty Images (NEW YORK) — Slow and steady may win the race for a tortoise vs. a hare, according to Aesop’s Fables. However, in reality, this turn of phrase does not ring true when applied [Read More…]

Packets of Pringles chips, manufactured by Kellanova, for sale at a supermarket in Palma de Mallorca, Spain, on Wednesday, Aug. 14, 2024. (Andrey Rudakov/Bloomberg via Getty Images) (NEW YORK) — As more consumers reach for [Read More…]

A box of Kellogg Co. Famous Amos brand chocolate chip and pecan cookies is arranged for a photograph in Ottawa, Illinois, U.S., on Monday, April 1, 2019. (Daniel Acker/Bloomberg via Getty Images) (NEW YORK) — [Read More…]

Spencer Platt/Getty Images (NEW YORK) — Stock market turmoil earlier this month prompted some investors to ditch stocks in favor of an alternative typically viewed as safer but less exciting: bonds. The renewed popularity of [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 2.9% in July compared to a year ago, cooling slightly from the previous month and extending a monthslong slowdown of price increases. The fresh inflation reading [Read More…]

President of the International Brotherhood of Teamsters Sean O’Brien speaks on the first day of the Republican National Convention, July 15, 2024, in Milwaukee. (Chip Somodevilla/Getty Images) (NEW YORK) — Vice President Kamala Harris has [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — Fresh inflation data on Wednesday will show whether the U.S. has extended a monthslong stretch of progress in the fight to slow price increases. The latest price reading is [Read More…]

RapidEye/Getty Images (NEW YORK) — Are a 1938 Alfa Romeo 8C 2900B Lungo Spider and a 1960 Ferrari 250 GT SWB California enough to convince wealthy collectors to shell out millions of dollars at California’s [Read More…]

A sign is posted in front of a Chuck E. Cheese pizza restaurant on Dec. 18, 2023 in Hayward, Calif. (Justin Sullivan/Getty Images, FILE) (NEW YORK) — Chuck E. Cheese has just the ticket for [Read More…]

Nadija Pavlovic/Getty Images (NEW YORK) — Junk, resort, destination, urban, and amenity fees are pseudonyms for the mandatory, often unexpected surcharges you might find tackled on your hotel bill. According to the Council of Economic [Read More…]

Bloomberg Creative/Getty Images (NEW YORK) — Former President Donald Trump recently said the president should have a role in setting interest rates that determine costs for everything from mortgages to credit card loans. The proposal [Read More…]