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ABC Business News

Company that posted discriminatory ‘whites only’ job ad settles with federal government
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…]

Burger King set to bring back $5 value meal, expert weighs in on competitive pricing
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…]

The Biden administration is releasing gasoline reserves. Will it lower prices at the pump?
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…]

Justice Department seeks breakup of Live Nation-Ticketmaster through major antitrust suit
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…]

Justice Department and 30 states seek breakup of Live Nation-Ticketmaster through major antitrust suit
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…]

Target, McDonald’s and Wendy’s announce discounts. Has a price war broken out?
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…]

Aldi stores focusing on low grocery prices this summer, CEO says
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…]

Justice Department to announce lawsuit against Live Nation over ticket prices: Sources
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…]

FDIC head who oversaw alleged ‘toxic culture’ to stay until his replacement. Experts say that risks more harm
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…]

‘Now it’s bare’: NYC’s Chinatown small businesses battle to keep doors open
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…]

Wendy’s launches $3 English muffin breakfast combo amid soaring prices in fast food
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…]

Target to cut prices on 5,000 items: See which items will cost less
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…]

Red Lobster voluntarily files for Chapter 11 bankruptcy
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 $5 US meal deal next month to counter customer frustration over high prices
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…]

Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals
Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inflation cuts into household budgets and more Americans pay closer attention to their spending. The price cuts, already [Read More…]

Is it too late to join the bull market? Experts weigh in.
Michael M. Santiago/Getty Images (NEW YORK) — The blazing hot stock market seems to set new records just about every day. The Dow Jones Industrial Average stands above 40,000 for the first time in history, [Read More…]

Trump trusted more than Biden on inflation, a top issue for voters, poll shows
Morry Gash-Pool/Getty Images (NEW YORK) — U.S. adults trust former President Donald Trump over President Joe Biden on the issue of inflation by a double-digit margin, according to a new ABC News/Ipsos poll this month, [Read More…]

Mercedes-Benz workers in Alabama vote against joining UAW, a blow to union’s expansion in the South
Beata Zawrzel/NurPhoto via Getty Images (TUSCALOOSA, Ala.) — Thousands of Mercedes-Benz workers in Alabama voted against joining the United Auto Workers (UAW) on Friday, delivering a significant defeat for the union one month after it [Read More…]

Dow Jones Industrial Average hits 40,000 for the 1st time
Spencer Platt/Getty Images (NEW YORK) — The Dow Jones Industrial Average crossed 40,000 for the first time in history on Thursday. This is a significant and symbolic milestone for the index that tracks 30 of [Read More…]

New inflation data could signal cheaper grocery prices, more discounts, expert says
Kinga Krzeminska/Getty Images (NEW YORK) — As Americans continue to experience sticker shock with volatile food costs, a slight ease of inflation last month could provide relief for consumers’ wallets — particularly at the grocery [Read More…]
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