ABC Business News

In this photo illustration, a TikTok logo is seen displayed on a smartphone screen. (Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) (WASHINGTON) — The high-stakes battle on Capitol Hill between lawmakers and TikTok over a potential [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 3.2% in February compared to a year ago, increasing slightly from the previous month and offering the latest sign that progress toward lowering inflation has struck [Read More…]

The Airbnb website on a laptop computer arranged in the Brooklyn Borough of New York, U.S., on Thursday, May 4, 2023. (Gabby Jones/Bloomberg via Getty Images) (NEW YORK) — Airbnb has made the decision to [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — Inflation data to be released on Tuesday will reveal the latest price movements, a key economic signal for central bankers weighing interest rate cuts and voters turning their attention [Read More…]

Kent Nishimura/Getty Images (NEW YORK) — Sam Altman will remain as CEO of OpenAI and rejoin its board of directors following an “extensive” external investigation into his temporary ouster last year, the company’s board announced [Read More…]

Thomas Northcut/Getty Images (WASHINGTON) — President Joe Biden declared triumph on bread-and-butter issues in his State of the Union address, describing the U.S. economy as “the strongest in the world.” Still, he said, conditions must [Read More…]

Adam Gault/Getty Images (WASHINGTON) — Enthusiasm about the U.S. economy has soared in recent months but polls indicate most consumers still bemoan inflation. More than 60% of adults say recent price increases have caused financial [Read More…]

Cesc Maymo/Getty Images (SAN FRANCISCO) — A Chinese national was arrested Wednesday in California and charged with allegedly stealing confidential trade secrets from Google’s Artificial Intelligence program while secretly working for two AI startup companies [Read More…]

Shelby Knowles/Bloomberg via Getty Images (NEW YORK) — Target has announced a paid membership program set to begin next month, launching a subscription service similar to those on offer at competitors Amazon and Walmart. The [Read More…]

ABC News (LAS VEGAS) — Las Vegas is testing the future of airport screening with self-security checks and ABC News’ Good Morning America got a firsthand look at how it works. ABC News transportation correspondent [Read More…]

courtneyk/Getty Images (NEW YORK) — Tax season, for many, conjures kitchen-table drudgery spent revisiting pay stubs and financial choices. For some, though, a reward awaits: a tax refund. The possibility and scale of a refund [Read More…]

Sebastian Kahnert/Getty Images (MENLO PARK, Ca.) — Meta resolved an outage suffered by Facebook, Instagram and Threads on Tuesday, concluding a service issue that had prevented some U.S. users from logging on to the sites [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — Ten days after the Super Bowl, Wall Street held its own version — at least that’s the way some traders on social media described it. Nvidia, which had soared [Read More…]

Adam Gault/Getty Images (WASHINGTON) — The Consumer Financial Protection Bureau finalized a rule Tuesday that will cut the typical credit card late fee to $8 from $32. The financial regulator estimates the move will save [Read More…]

Marko Geber/Getty Images (NEW YORK) — Do fewer working hours boost a company’s overall productivity? A recent study out of the United Kingdom suggests the four-day workweek model benefits businesses and employees alike. One year [Read More…]

An ‘Apartments for Rent’ sign hangs in front of a building on Dec. 06, 2022 in Miami Beach, Fla. — Joe Raedle/Getty Images, FILE (NEW YORK) — Half of Americans are burdened by the cost [Read More…]

Westend61/Getty Images (NEW YORK) — Bitcoin is on a tear. The largest cryptocurrency has soared more than 20% over the last four days, approaching an all-time high. By contrast, the S&P 500 has dropped slightly [Read More…]

Chris Sattlberger via Getty Images (MIAMI) — Historic sports cars, million-dollar roadsters and one-off supercars will be on display when two of the auto industry’s flashiest events take place next month. Enthusiasts from all over [Read More…]

Signage is displayed outside a Wendys Co. restaurant in El Sobrante, Calif., May 6, 2020. (David Paul Morris/Bloomberg via Getty Images) (NEW YORK) — Wendy’s announced it will launch new menu prices that will fluctuate [Read More…]

Chris Sattlberger via Getty Images (MIAMI) — Historic sports cars, million-dollar roadsters and one-off supercars will be on display when two of the auto industry’s flashiest events take place next month. Enthusiasts from all over [Read More…]