ABC Business News

Victoria Jones/PA Images via Getty Images (NEW YORK) — Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp., Fox has announced. His son, Lachlan Murdoch, will become the chair of News [Read More…]

Oscar Mayer (NEW YORK) — Nostalgia wins in the court of cars and cold cuts. After the iconic hot dog on wheels for Oscar Mayer was rebranded as the Frankmobile earlier this summer — specifically [Read More…]

Mike Dobuski/ABC News (DETROIT) — The Detroit Auto Show is underway this week, against the backdrop of an historic strike effort from unionized auto workers. Almost every year since 1907, Detroit has played host to [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve left its benchmark interest rate unchanged on Wednesday, pausing an aggressive inflation fight amid growing optimism that the United States can achieve normal price levels without falling into [Read More…]

Kraft Heinz (NEW YORK) — Food company Kraft Heinz has issued a voluntary recall after nearly 84,000 slices of processed individually-wrapped American cheese were deemed to potentially contain choking hazards. “The voluntary recall comes as [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — Upon announcing the Federal Reserve’s latest rate-hike decision in July, Fed Chair Jerome Powell spoke at a lectern in Washington D.C. for 33 minutes before he dropped a bombshell: The [Read More…]

BojanMirkovic/Getty Images (NEW YORK) — According to the U.S. Small Business Administration, there are close to five million Hispanic-owned businesses in the United States that contribute over $800 billion to the U.S. economy annually. To [Read More…]

Nipitpon Singad / EyeEm/Getty Images (NEW YORK) — You can now plan to kick off your holiday shopping as early as October! Following Amazon’s announcement of Prime Big Deal Days, Walmart and Target have released [Read More…]

Catherine McQueen/Getty Images (NEW YORK) — While the joy of raising a child is priceless, the actual dollars and cents cost of it all is sharply on the rise, a new study shows. The average [Read More…]

Bill Pugliano/Getty Images (DETROIT) — United Auto Workers President Shawn Fain said the union’s strike will expand if “serious progress” isn’t made in the contract negotiations with automakers by Friday. Fain said in a Monday [Read More…]

David Paul Morris/Bloomberg via Getty Images (NEW YORK) — Society may be getting one step closer to the flying commuter vehicles made famous in the animated series The Jetsons, as Ohio just announced that hundreds [Read More…]

Brandon Bell/Getty Images (NEW YORK) — An August cyberattack on Clorox caused “wide-scale disruptions” in its operations, which could mean product delays and shortages, according to a securities filing Monday. The Clorox Company, known for [Read More…]

Bill Pugliano/Getty Images (DETROIT) — A labor strike against the three largest motor vehicle manufacturers in the United States carried into a fourth day on Monday amid ongoing negotiations to reach a deal. The United [Read More…]

Bill Pugliano/Getty Images (DETROIT) — The head of the United Auto Workers said plans by two automakers to temporarily lay off non-striking employees “won’t work,” as the unprecedented strike enters the second day. The UAW, which [Read More…]

Bill Pugliano/Getty Images (DETROIT) — A strike launched by thousands of autoworkers against the Big 3 U.S. automakers early Friday morning has spotlighted an issue raised by employees across the economy: The gap between CEO and [Read More…]

Marko Geber/Getty Images (DALLAS) — When Republican Texas Gov. Greg Abbott declared a war on “woke” earlier this year with a proposal that would require booksellers to rate texts before selling them to school districts, [Read More…]

Nitat Termmee/Getty Images (NEW YORK) — Lordstown, Ohio, has been a crucial and valued site in the automotive industry, and now it is at the crossroads of what could be a major labor movement. The [Read More…]

Kinga Krzeminska/Getty Images (NEW YORK) — A boycott against Bud Light has hammered sales for months, dethroning the brand as the nation’s most popular beer and demonstrating the longevity of an anti-trans consumer movement that [Read More…]

MATTHEW HATCHER/Getty Images (NEW YORK) — A union representing nearly 150,000 autoworkers launched a strike early Friday morning against the Big 3 U.S. automakers — General Motors, Ford and Stellantis. The United Auto Workers, or [Read More…]

Bill Pugliano/Getty Images (DETROIT) — A potential strike at the Big 3 U.S. automakers — General Motors, Ford and Stellantis – would threaten the livelihood of up to 143,000 workers and the bottom line at [Read More…]