ABC Business News

Thomas Northcut/Getty Images (NEW YORK) — Mortgage rates this week dropped to their lowest level in more than a year, delivering some long-sought relief for homebuyers. The average interest rate for a 30-year fixed mortgage [Read More…]

Customers wait in line to check out purchases at Costco store on June 28, 2023 in Teterboro, New Jersey. (Kena Betancur/VIEWpress/Corbis via Getty Images) (NEW YORK) — When customers walk in to shop at Costco [Read More…]

CosMc’s (NEW YORK) — CosMc’s, a new small-format beverage-led concept from McDonald’s, has officially opened in San Antonio, Texas. Starting Thursday, patrons in the Alamo City will be among the first to try the new [Read More…]

Adam J. Dewey/Anadolu via Getty Images (WASHINGTON) — The major party vice presidential nominees — Democrat Tim Walz and Republican JD Vance — sharply disagree on a range of issues. The differences in their personal [Read More…]

Stephen Maturen/Getty Images (Bloomington, Minn.) — Minnesota Gov. Tim Walz, the Democratic vice presidential nominee, has enacted economic policies in the state on key issues like job creation and taxes. The track record, stretching back [Read More…]

Photo by Jaap Arriens/NurPhoto via Getty Images (NEW YORK) — Stock market gyrations this week came after a disappointing jobs report stoked concerns about an economic slowdown. The uncertainty drew heightened attention as the U.S. [Read More…]

Vice President Kamala Harris delivers an address on Artificial Intelligence policy at the U.S. embassy, Nov. 1, 2023, in London. (Carl Court/Getty Images) (NEW YORK) — After several of its brightest stars declared support for [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — Stock prices worldwide seesawed dramatically this week, forcing investors to keep up with sudden turns in the market and weather fears of an economic slowdown. The S&P 500 on [Read More…]

Jason Marz/Getty Images (WASHINGTON) — Google violated U.S. antitrust laws in maintaining a monopoly over the online search business, a federal judge ruled Monday, in a landmark ruling for the Justice Department in its efforts [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — Stocks plummeted on Monday as markets worldwide reckoned with a disappointing jobs report last week that fueled concern of a possible recession. When markets opened on Monday morning, the [Read More…]

Andrew Brookes/Getty Images, STOCK (NEW YORK) — A worldwide selloff jolted markets on Monday in the aftermath of a weaker-than-expected U.S. jobs report that elicited fear of an economic recession. Japan’s main Nikkei 225 stock [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — Stocks plummeted on Monday as markets worldwide reckoned with a disappointing jobs report last week that fueled concern of a possible recession. The major stock indexes in the U.S. [Read More…]

Getty Images – STOCK/Yuichiro Chino (NEW YORK) — The major stock indexes dropped significantly on Friday after a weaker-than-expected jobs report stoked worries of a possible recession. In early trading, the S&P 500 was on [Read More…]

Scott Olson/Getty Images (WASHINGTON) — Former President Donald Trump this week voiced an alarming claim about the alleged threat that immigrants pose to Black workers. “Coming from the border are millions and millions of people [Read More…]

Andrew Harnik/Getty Images (NEW YORK) — A weaker-than-expected jobs report on Friday fueled concern about a potential economic recession and calls for an interest rate cut. Employers hired 114,000 workers last month, falling well short [Read More…]

Kwanchai Lerttanapunyaporn / EyeEm/Getty Images (WASHINGTON) — A weaker-than-expected jobs report on Friday fueled concern about a potential economic recession and calls for an interest rate cut. Employers hired 114,000 workers last month, falling well [Read More…]

Samuel Corum/Bloomberg via Getty Images (NEW YORK) — Less than a week after Elon Musk publicly endorsed the candidacy of former President Donald Trump, he shared an edited video of Vice President Kamala Harris that [Read More…]

A Spirit Airlines takes off from Oakland International Airport on May 06, 2024 in Oakland, California. (Justin Sullivan/Getty Images) (NEW YORK) — Spirit Airlines is shifting gears from its famously no-frills service to offer new [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve maintained its benchmark interest rate on Wednesday, keeping borrowing costs at their highest level in more than two decades despite a prolonged cooldown of inflation. An interest [Read More…]

USDA (NEW YORK) — Boar’s Head has expanded its previous recall on several types of deli meats to include an additional 7 million pounds of ready-to-eat meat and poultry products that may be contaminated with [Read More…]