ABC Business News

In this photo illustration, the PayPal logo is displayed on the screen of a smart tablet. (Sheldon Cooper/SOPA Images/LightRocket via Getty Images) (WASHINGTON) — PayPal has agreed to waive $30 million in processing fees in [Read More…]

The Ateela 2 Oil Tanker boat navigates the sea on April 28, 2026 on Qeshm Island, Iran in the Strait of Hormuz. (Photo by Asghar Besharati/Getty Images) (NEW YORK) — An inflation report on Tuesday [Read More…]

Job interview (filadendron/Getty) (NEW YORK) — Hiring slowed in April as a rise in fuel prices hammered shoppers weeks into the war with Iran, U.S. government data on Friday showed. The U.S. added 115,000 jobs [Read More…]

Signage at an Apple Store in San Francisco (David Paul Morris/Bloomberg via Getty Images) (NEW YORK) — Apple has agreed to settle a class-action lawsuit for $250 million after the tech giant was accused of [Read More…]

Customers pump gas into their car at a 76 station, May 4, 2026 in Los Angeles (Justin Sullivan/Getty Images) (NEW YORK) — Sky-high gasoline prices are hammering drivers across the United States as the Iran [Read More…]

A Spirit Airlines aircraft prepares to depart from the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas. (Photo by Brandon Bell/Getty Images) (NEW YORK) — The Department of Transportation said on Saturday the [Read More…]

Workers at Spirit Airlines wait for passengers to arrive for their flights at O’Hare Airport on March 10, 2026 in Chicago, Illinois. (Scott Olson/Getty Images) (WASHINGTON) — President Donald Trump said an announcement was expected [Read More…]

Workers at Spirit Airlines wait for passengers to arrive for their flights at O’Hare Airport on March 10, 2026 in Chicago, Illinois. (Scott Olson/Getty Images) (WASHINGTON) — President Donald Trump said an announcement was expected [Read More…]

People walk along Broadway with shopping bags in Manhattan on February 27, 2026 in New York City. (Spencer Platt/Getty Images) (NEW YORK) — The United States economy grew at a solid pace over the first [Read More…]

Kevin Warsh, President Donald Trump’s nominee for Chair of the Federal Reserve, testifies during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing, April 21, 2026 in Washington. (Andrew Harnik/Getty Images) (WASHINGTON) — [Read More…]

Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) (NEW YORK) [Read More…]

A gas pump stands at a station in Manhattan on April 21, 2026 in New York City. (Spencer Platt/Getty Images) (NEW YORK) — Gasoline prices in the United States hit their highest level in four [Read More…]

Elon Musk arrives to court for his lawsuit against OpenAI at the Ronald V. Dellums Federal Building on April 28, 2026 in Oakland, California. (Benjamin Fanjoy/Getty Images) (OAKLAND, Calif.) — Billionaire entrepreneur Elon Musk and [Read More…]

(NEW YORK) — The United Arab Emirates on Tuesday said it would leave the Organization of the Petroleum Exporting Countries (OPEC) next month. This is a developing story. Please check back for updates. Copyright © [Read More…]

A General Motors Co. Chevrolet dealership in Colma, California, US, on Friday, Jan. 23, 2026. (David Paul Morris/Bloomberg via Getty Images) (NEW YORK) — General Motors said on Monday it expects to receive $500 million [Read More…]

Ships are anchored along the shoreline of the Persian Gulf and Strait of Hormuz, April 22, 2026 in Bandar Abbas, Iran. (Getty Images) (NEW YORK) — Thousands of canceled flights in Europe over a spike [Read More…]

David Zaslav, CEO & President, Warner Bros. Discovery at TCL Chinese Theatre on April 07, 2026 in Hollywood, California. (Monica Schipper/Getty Images) (NEW YORK) — Warner Bros. Discovery shareholders on Thursday voted to approve the [Read More…]

Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings on Friday, April 25, 2025. (Tierney L. Cross/Bloomberg via Getty Images) (WASHINGTON) — President Donald [Read More…]

Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings on Friday, April 25, 2025. (Tierney L. Cross/Bloomberg via Getty Images) (WASHINGTON) — President Donald [Read More…]

Stock Market Wall Street (Matteo Colombo/Getty Images) (NEW YORK) — Stocks closed slightly lower and oil prices rose on Monday as tensions mounted in the Strait of Hormuz, putting pressure on the ceasefire between the U.S and [Read More…]