ABC Business News

CHRIS KLEPONIS/AFP via Getty Images (WASHINGTON) — President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to [Read More…]

(Phillip Spears/Getty Images) (NEW YORK) — Homebuyers eager to forget this year’s housing market may ring in 2025 with an extra dash of zeal. A rapid rise in home prices has coincided with stubbornly high [Read More…]

Eric Thayer/Bloomberg via Getty Images (NEW YORK) — Nearly half of U.S. states are set to raise their minimum wage at the outset of 2025, boosting pay for millions of workers stretching from California to Maine. In all, 21 [Read More…]

Jin Lee/Bloomberg via Getty Images (NEW YORK) — The fund disbursing money to the victims of Bernie Madoff’s legendary Ponzi scheme began its 10th and final distribution on Monday, putting another $131 million in the [Read More…]

SeongJoon Cho/Bloomberg via Getty Images (NEW YORK) — Shares of Boeing fell in early trading on Monday, one day after a Boeing model 737-800 was involved in the Jeju Air plane crash in South Korea that killed scores of [Read More…]

Rebecca Noble/Getty Images (NEW YORK) — Two weeks before the Supreme Court is set to hear oral arguments over TikTok’s future, President-elect Donald Trump has asked the justices to delay a Jan. 19 deadline for [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — The stock market climbed to record highs in 2024, extending banner gains achieved the previous year. The S&P 500 — the index that most people’s 401(k)’s track — climbed [Read More…]

Alexandr Kolesnikov/Getty Images (NEW YORK) — Holiday spending surged in 2024, blowing past expectations and outpacing customer purchases over the gift-buying season last year, according to data released on Thursday by Mastercard SpendingPulse, which gauges in-store and [Read More…]

John Keeble/Getty Images (NEW YORK) — Thousands of Starbucks baristas are set to walk off the job on Tuesday, expanding the dayslong holiday strike to 300 stores in dozens of cities and towns nationwide, according to the union Starbucks [Read More…]

ABC News Amazon delivery drivers and third-party workers for the nation’s predominant shopping platform have walked off the job in the past week, seeking what they consider a fair labor agreement — and triggering widespread [Read More…]

Vincent Alban/Bloomberg via Getty Images (NEW YORK) — Starbucks baristas walked off the job in major cities in Massachusetts, Texas and Oregon on Monday, expanding the dayslong holiday strike to 12 cities nationwide, according to the union Starbucks Workers [Read More…]

Namthip Muanthongthae/Getty Images (NEW YORK) — The price of bitcoin has tumbled about 12% from a record high reached earlier this week. After topping $108,000 for the first time on Tuesday, the world’s largest cryptocurrency dropped to a price [Read More…]

WABC (NEW YORK) — As the Teamsters’ cross-country Christmastime strike against Amazon entered its second day on Friday, the union said that “momentum continues to mount” as workers seek “fair treatment” from the online retailer. [Read More…]

Amazon workers in New York striking Thursday morning. Image via WABC. (NEW YORK) — Workers affiliated with the Teamsters began striking at Amazon facilities across the country Thursday morning — in what the union calls [Read More…]

Amazon workers in New York striking Thursday morning. Image via WABC. (NEW YORK) — The Teamsters said workers will begin striking at Amazon facilities across the country Thursday morning — in what the union calls [Read More…]

Chris Unger/Zuffa LLC via Getty Images (WASHINGTON) — The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at the central bank’s last meeting before President-elect [Read More…]

Chesnot/Getty Images (NEW YORK) — The price of bitcoin topped $107,000 for the first time this week, climbing to a fresh high days after President-elect Donald Trump reaffirmed support for a U.S. bitcoin strategic reserve [Read More…]

Asanka Ratnayake/Getty Images (NEW YORK) — The federal appeals court that last week rejected TikTok’s attempt to overthrow its pending ban denied the company’s request Friday that sought to pause the ruling and the Jan. [Read More…]

Stefani Reynolds/Bloomberg via Getty Images (WASHINGTON) — A fresh inflation reading this week flashed a warning: Price increases are rising again, just when the Federal Reserve had appeared close to declaring “mission accomplished” in its yearslong fight to lower [Read More…]

DigitalVision/Getty Images (NEW YORK) — Multiple “Wanted” signs featuring corporate executives posted in Manhattan this week included a grave warning, according to a New York Police Department bulletin. “Brian Thompson was denied his claim to [Read More…]