ABC Business News

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…]

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…]

RiverNorthPhotography/Getty Images (NEW YORK) — Walgreens Boots Alliance announced Wednesday that it plans to sell its own generic version of the overdose reversal drug Narcan. Narcan is given as a nasal spray and the active [Read More…]

In this undated file photo, a Red Lobster Restaurant is shown. (Jeff Greenberg/UIG via Getty Images) (NEW YORK) — Red Lobster has abruptly closed at least 99 locations across the country with restaurants shutting their [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — Consumer prices rose 3.4% in April compared to a year ago, slowing slightly from the previous month and offering a welcome sign for the Federal Reserve in its yearslong inflation [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — The White House and Wall Street will closely watch Wednesday’s inflation report for any signs that the Federal Reserve’s aggressive cooldown efforts are working. After falling dramatically over the course [Read More…]

Mercedes-Benz logo see on a Mercedes-Benz vehicle in Edmonton, on October 26, 2023, in Edmonton, Alberta, Canada. (Artur Widak/NurPhoto via Getty Images) (NEW YORK) — Thousands of Mercedes-Benz workers in Alabama are voting on a [Read More…]

A driver is seen inside of a Tesla Model Y car during its presentation at the Automobile Club, Sept. 5, 2020, in Budapest, Hungary. (Attila Kisbenedek/AFP via Getty Images) (NEW YORK) — An oft-touted advantage [Read More…]

Silas Stein/picture alliance via Getty Images (NEW YORK) — OpenAI announced a desktop version of its conversation bot ChatGPT on Monday as well as the latest iteration of the AI language model that fuels the [Read More…]

Justin Sullivan/Getty Images (NEW YORK) — McDonald’s could soon be lowering prices and possibly launching a new value meal to its menus. The Golden Arches currently offer some individual items on its $1, $2, $3 [Read More…]

Thomas Northcut/Getty Images/STOCK (NEW YORK) — Roughly 15 years after a housing bubble triggered the worst U.S. financial disaster since the Great Depression, some observers are voicing concern that the industry has fallen into another [Read More…]

Target has announced that it will only sell their Pride Month collection in select stores after suffering a backlash and boycott last year during the 2023 Pride season. — Target (NEW YORK) — Target has [Read More…]

Justin Sullivan/Getty Images (NEW YORK) — The borrowing cost for student loans is poised to reach a 16-year high. The interest rate on a federal undergraduate student loan is expected to climb to 6.5% in [Read More…]

5./15 WEST/Getty Images (NEW YORK) — ByteDance, the parent company of TikTok, struck the latest blow in a high-stakes clash between the social media company and the U.S. government, filing a lawsuit this week challenging [Read More…]

Adobe/TikTok (NEW YORK) — TikTok announced on ABC News’ Good Morning America Thursday morning that beginning immediately, the social media giant will automatically label Artificial Intelligence-generated content when it is uploaded from certain platforms. “Our [Read More…]

Getty Images – STOCK (MOUNT PLEASANT, Wis.) — President Joe Biden is set to announce on Wednesday a $3 billion investment by tech giant Microsoft to build an artificial intelligence data center in southeast Wisconsin. [Read More…]

A Charged Lemonade from a Panera Bread Co. is seen on a table, Dec. 12, 2023, in New York. (Bing Guan/Bloomberg via Getty Images) (NEW YORK) — Fast casual restaurant chain Panera Bread is doing [Read More…]

Fiordaliso/Getty Images (NEW YORK) — Apple unveiled new models of its iPad at an event on Tuesday, promising revamped devices at affordable prices. “This is the biggest day for iPad since its introduction,” CEO Tim [Read More…]

Robb Reece / Getty Images (NEW YORK) — In an effort to be more inclusive, The Boy Scouts of America is changing its name to Scouting America, the organization announced Tuesday. The rebrand reflects “the [Read More…]

JohnFScott/Getty Images (NEW YORK) — Starbucks shares have plummeted more than 17% in value since the company revealed a sales slump in an earnings report last week. “The brand is incredibly resilient, but it’s clearly [Read More…]