ABC Business News

Chip Somodevilla/Getty Images (WASHINGTON) — The Federal Reserve on Wednesday will announce its latest decision setting the level of interest rates, just days after President Donald Trump called on the central bank to lower them. [Read More…]

Nvidia CEO Jensen Huang/ Photo Credit: PATRICK T. FALLON/AFP via Getty Images (NEW YORK) — The emergence of China-based AI app DeepSeek sent shares plummeting on Monday for many U.S. tech giants, including chipmaker Nvidia [Read More…]

(Steve Heap/Getty Images) (NEW YORK) — While some companies are steering away from diversity, equity, and inclusion (DEI) policies, others are sticking with their previous commitments. Leaders at Goldman Sachs, Costco and JPMorgan Chase & [Read More…]

Chip Somodevilla/Getty Images/Bloomberg via Getty Images (WASHINGTON) — President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on the Federal Reserve despite a longstanding norm of political independence at [Read More…]

Michael Tran/AFP via Getty Images (NEW YORK) — Shares of Netflix soared 12% in early trading on Wednesday, just hours after the streaming giant announced price increases set to impact all of the company’s U.S. [Read More…]

Tayfun Coskun/Anadolu via Getty Images) (ISSAQUAH ,WA) — In pursuit of increased wages and renegotiated employee benefits, more than 18,000 Costco union members nationwide voted to authorize a strike if the wholesale company doesn’t agree [Read More…]

Scott Olson/Getty Images (NEW YORK) — Cryptocurrencies affiliated with President Donald Trump and first lady Melania Trump plummeted in the initial hours after Trump was sworn into office Monday. “Official Trump,” a recently launched crypto [Read More…]

ABC News TikTok said Sunday it’s “restoring service” after a ban in the United States initially began to take effect earlier in the day. “In agreement with our service providers, TikTok is in the process [Read More…]

Javier Ghersi/Getty Images (WASHINGTON) — Consumer prices rose 2.9% in December compared to a year ago, ticking up from the previous month and extending a resurgent bout of inflation just days before President-elect Donald Trump [Read More…]

Benjamin Fanjoy/Bloomberg via Getty Images (LOS ANGELES) — Multiple fires raging across the Los Angeles area will cost insurers as much as $30 billion, Wells Fargo and Goldman Sachs estimated in a report released this week. After accounting for [Read More…]

Michael M. Santiago/Getty Images (NEW YORK) — TikTok mounted a last-ditch effort at the Supreme Court on Friday meant to stop a ban of the app set to take effect within days — but the [Read More…]

Alexandr Kolesnikov/Getty Images (NEW YORK) — Online holiday shopping soared to a fresh record high in 2024, driven by an array of e-commerce discounts and adoption of AI-fueled shopping assistants, according to data released on Tuesday by Adobe. E-commerce [Read More…]

David Paul Morris/Bloomberg via Getty Images (NEW YORK) — Facebook plans to replace its fact-checkers with “community notes,” a move that Meta CEO Mark Zuckerberg said would allow the social network to return “to our [Read More…]

Prapass Pulsub via Getty Images (WASHINGTON) — In a major change that could affect millions of Americans’ credit scores, the Consumer Financial Protection Bureau on Tuesday finalized a rule to remove medical debt from consumer [Read More…]

David Paul Morris/Bloomberg via Getty Images (NEW YORK) — Facebook plans to replace its fact-checkers with “community notes,” a move that Meta CEO Mark Zuckerberg said would allow the social network to return “to our [Read More…]

Prapass Pulsub via Getty Images (WASHINGTON) — In a major change that could affect millions of Americans’ credit scores, the Consumer Financial Protection Bureau on Tuesday finalized a rule to remove medical debt from consumer [Read More…]

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…]