ABC Business News

Victor J. Blue/Bloomberg via Getty Images (NEW YORK) — Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, was convicted because of a “false narrative” told by federal prosecutors at a trial “tainted” by errors, [Read More…]

In this June 25, 2024, file photo, Boeing 737 MAX aircraft are assembled at the Boeing Renton Factory in Renton, Washington. — Jennifer Buchanan/POOL via AFP via Getty Images, FILE (NEW YORK) — Tens of [Read More…]

Stephen Brashear/Getty Images (SEATTLE) — Tens of thousands of Boeing workers are set to cast ballots in a vote Thursday that could potentially trigger a major strike against the embattled aerospace company with far-reaching implications [Read More…]

Arian Simone (L) presents the Fearless Strivers New Orleans Grant onstage during the 2022 Essence Festival of Culture at the Ernest N. Morial Convention Center on July 1, 2022 in New Orleans. (Paras Griffin/Getty Images) [Read More…]

Noel Hendrickson/Getty Images (NEW YORK) — Inflation is down significantly from its 9.1% pandemic-era peak in 2022, but the cost of food — especially groceries — may continue to puzzle some consumers at checkout lines [Read More…]

Amazon (NEW YORK) — Amazon is expanding its grocery footprint, simplifying online shopping and launching a “new no-frills brand” to help consumers stretch their dollar, while taking aim at rival retail competitor Walmart. On Wednesday, [Read More…]

Win McNamee/Getty Images (NEW YORK) — Shares in former President Donald Trump’s social media company fell to a record low Wednesday on the heels of Tuesday’s presidential debate, which a CNN poll indicated was won [Read More…]

Jaap Arriens/NurPhoto via Getty Images (NEW YORK) — Apple is unveiling its new iPhone 16 on Monday replete with artificial intelligence-driven features as the company introduces the buzzy technology into its signature smartphone. The Cupertino, [Read More…]

Douglas Sacha/Getty Images (NEW YORK) — Concerns about inflation have increasingly turned to concerns about the job market. Last month’s weaker than expected jobs report led to turmoil in stocks. The U.S. added 142,000 jobs [Read More…]

Shein and Temu icons are seen displayed on a phone screen in this illustration photo taken in Krakow, Poland on August 27, 2024. (Jakub Porzycki/NurPhoto via Getty Images) (NEW YORK) — Federal safety regulators are [Read More…]

A Jaguar I-Pace autonomous vehicle from Waymo is seen pulling over to collect a passenger, Aug. 1, 2024, in Los Angeles. — Alex Stone/ABC News (LOS ANGELES) — Waymo, the self-driving car division of Alphabet, [Read More…]

Fisher-Price is recalling over 366,000 dumbbell toys that were sold as part of the brand’s Baby Biceps Gift Set. — United States Consumer Product Safety Commission (NEW YORK) — Toy giant Fisher-Price is recalling hundreds [Read More…]

Grace Cary/Getty Images (NEW YORK) — A new bill that would allow some undocumented immigrants to receive loans to buy homes is sparking debate as it passes through the California Legislature. Assembly Bill 1840 would [Read More…]

Image Source/Getty Images (NEW YORK) — United Airlines flight attendants, represented by the Association of Flight Attendants, moved closer to a strike Wednesday after the union announced that 99.99% of service members voted in favor [Read More…]

David Sacks/Getty Images (NEW YORK) — This summer brought lots of buzz around “tourist taxes” and other fees that can get tacked on to normal travel expenses. Now, another fee that may be familiar to [Read More…]

Steve Heap/Getty Images (NEW YORK) — More than 9,500 cases of 100% apple juice that were sold at Walmart have been recalled due to high levels of arsenic. The U.S. Food and Drug Administration upgraded [Read More…]

Grace Cary/Getty Images (NEW YORK) — Rising inflation has driven mortgage rates up, making it difficult for many Americans to find an affordable home. As a result, many potential buyers find themselves waiting for an [Read More…]

Andrew Harnik/Getty Images (WASHINGTON) — Borrowers eager for the Federal Reserve to abandon high interest rates could not have scripted a better four-word declaration than the one on Friday from Fed Chair Jerome Powell: “The [Read More…]

The Rimac Nevera electric hypercar holds more than 20 performance records. — Rimac Group (NEW YORK) — Mate Rimac has a tall order: trying to convince drivers that electric supercars are superior to combustion vehicles. [Read More…]

Andrew Chin/Getty Images (NEW YORK) — Two major Canadian freight rail companies locked out thousands of workers on Thursday, shutting down cross-border shipping routes and risking serious damage for the U.S. economy, industry experts told [Read More…]