ABC Business News

Bing Guan/Bloomberg via Getty Images (WASHINGTON) — A federal appeals court on Friday rejected TikTok’s bid to overturn a law banning the platform unless the company finds a new owner. The defeat moves the app [Read More…]

Fernando Gutierrez-Juarez/picture alliance via Getty Images (NEW YORK) — The price of bitcoin dropped below $100,000 late Thursday, just a day after topping the milestone for the first time. The world’s largest cryptocurrency continued to slide in early [Read More…]

chairman of the US Federal Reserve Jerome Powell/photo credit:Yuki Iwamura/Bloomberg via Getty Images (WASHINGTON) — U.S. hiring surged in November, bouncing back from a dismal performance in the previous month and returning to strong growth. [Read More…]

Namthip Muanthongthae/Getty Images (NEW YORK) — The price of bitcoin topped $100,000 for the first time ever late Wednesday, and soared to a fresh high in early trading on Thursday. The new gains extended a rally set off by [Read More…]

Namthip Muanthongthae/Getty Images (NEW YORK) — The price of bitcoin surpassed $100,000 for the first time on Wednesday, soaring to a fresh high as the world’s largest cryptocurrency extended a rally set off by the [Read More…]

aire images/Getty Images (NEW YORK) — People haven’t only been filling their plates this Thanksgiving weekend — it also seems they’ve been filling their online shopping carts. Black Friday online shopping this year is on [Read More…]

Krisztian Bocsi/Bloomberg via Getty Images (BERLIN) — Workers for the largest online retailer in the world are planning to go on strike during one of the busiest shopping weekends of the holiday season. Amazon employees [Read More…]

Chris Unger/Zuffa LLC (WASHINGTON) — Tariff threats voiced by President-elect Donald Trump this week rippled through global stocks and triggered warnings from U.S. retail executives about the risk of higher prices. Former President George W. Bush, who congratulated Trump a day [Read More…]

Michael M. Santiago/Getty Images (NEW YORK) — The Dow Jones Industrial Average closed at a record high on Tuesday, achieving the milestone less than 24 hours after a tariff pledge from President-elect Donald Trump sparked fears of [Read More…]

Houston Cofield/Bloomberg via Getty Images (NEW YORK) — In a letter to shareholders, Warren Buffett revealed that he would be donating more than $1.1 billion of Berkshire Hathaway stock to four of his family’s foundations. [Read More…]

Marc Piasecki/Getty Images (NEW YORK) — Tech billionaire Elon Musk, who has vowed to dismantle thousands of federal regulations as the co-head of a new Department of Government Efficiency, or DOGE, says the nation’s financial security depends on [Read More…]

Joe Raedle/Getty Images (NEW YORK) — Walmart, the world’s largest retailer, is rolling back its diversity, equity and inclusion policies. This brings it in line with several major corporations that have reviewed their operational practices [Read More…]

Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Tech billionaire Elon Musk has kept busy since Election Day, advising President-elect Donald Trump and receiving an appointment to co-lead a new government efficiency commission. Musk has [Read More…]

J. David Ake/Getty Images (NEW YORK) — If you are nearing retirement, you will soon be able to stash even more money into your nest egg — if you can afford it. The Internal Revenue [Read More…]

Namthip Muanthongthae/Getty Images (NEW YORK) — Bitcoin vaulted to a record high on Thursday, surging more than 3% in early trading and hurtling toward investors’ long-sought milestone of $100,000. The price of bitcoin briefly exceeded [Read More…]

Joe Buglewicz/Getty Images (New York) — Conspiracy theorist Alex Jones accused The Onion and Sandy Hook Elementary School families of “collusive bidding” and asked a bankruptcy court judge to halt the sale of his Infowars [Read More…]

Grace Cary/Getty Images (NEW YORK) — President-elect Donald Trump sharply criticized the rising price of groceries throughout his campaign, even delivering an address outside his New Jersey home in August alongside a table covered with [Read More…]

Kent Nishimura/Getty Images (NEW YORK) — Americans’ credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week. Credit card debt climbed $24 billion over [Read More…]

Karl Tapales/Getty Images (WASHINGTON) — Social media platform TikTok is hurtling toward a U.S. ban that could upend its business and frustrate more than 150 million American users — unless President-elect Donald Trump finds a [Read More…]

Hispanolistic via Getty Images (WASHINGTON) — The U.S. government is set to release new inflation data on Wednesday, offering a fresh look at price increases little more than a week after the issue appeared to [Read More…]