ABC Business News

Kevin Warsh, Chair of the Federal Reserve, on April 21, 2026 in Washington, DC. (Photo by Andrew Harnik/Getty Images)v (WASHINGTON) — The Federal Reserve is set to announce its latest decision on interest rates on [Read More…]

A pumpjack stands idle in the Huntington Beach oil field on April 23, 2026 in Huntington Beach, California. (Mario Tama/Getty Images) (NEW YORK) — Oil prices on Monday fell to their lowest level since March after [Read More…]

Fuel prices are displayed at a gas station on June 09, 2026 in Chicago, Illinois. (Scott Olson/Getty Images) (NEW YORK) — Consumer sentiment improved in June for the first time since the outbreak of the Iran [Read More…]

Elon Musk is photographed at Space X in Brownsville, Texas, May 27, 2025. (Marvin Joseph/The Washington Post via Getty Images) (NEW YORK) — Elon Musk, the wealthiest person alive, could become the first-ever trillionaire when [Read More…]

A customer shops for produce at an H-E-B grocery store on May 11, 2026 in Austin, Texas. (Brandon Bell/Getty Images) (NEW YORK) — Inflation jumped for a third consecutive month as the Iran war continued [Read More…]

An Air Canada plane is seen at Pearson International Airport on August 14, 2025 in Toronto, Canada. (Cole Burston/Getty Images) (TORONTO) — An Air Canada pilot was arrested Monday after a probe discovered he had [Read More…]

In this Nov. 16, 2023, file photo, OpenAI CEO Sam Altman looks on during the APEC CEO Summit at Moscone West in San Francisco. (Justin Sullivan/Getty Images, FILE) (NEW YORK) — OpenAI, the artificial-intelligence company [Read More…]

e HR recruitment manager holding resume in hands while having an interview in a modern office. (Xavier Lorenzo/Getty Images) (NEW YORK) — Hiring blew past expectations in May, registering at a blockbuster clip despite a [Read More…]

Fuel prices are displayed at a gas station in Brooklyn on June 01, 2026, in New York City. (Spencer Platt/Getty Images) (NEW YORKI) –Drivers stung by high gas prices have enjoyed some welcome relief over [Read More…]

U.S. President Donald Trump speaks during a Cabinet meeting in the Cabinet Room of the White House on May 27, 2026 in Washington, DC. (Win McNamee/Getty Images) (NEW YORK) — A court filing shows how [Read More…]

In this Jan. 19, 2026, file photo, New York City Comptroller Mark Levine speaks at an event at the Brooklyn Academy of Music in New York. (Jason Mendez/Getty Images for Brooklyn Academy Of Music, FILE) [Read More…]

Houses with a ‘For Sale’ sign in a small new neighborhood in Gunnison, Colorado 6/18/20 (Nathan Bilow/Getty Images) (NEW YORK) — U.S. Treasury yields soared in recent days as the Iran war stoked inflation fears, [Read More…]

OpenAI CEO Sam Altman arrives to court at the Ronald V. Dellums Federal Building on May 12, 2026 in Oakland, California. (Photo by Benjamin Fanjoy/Getty Images) (NEW YORK) — A jury on Monday found that [Read More…]

(NEW YORK) — A court ruled in favor of OpenAI and its chief executive, Sam Altman, in a lawsuit brought by Elon Musk over alleged misconduct in the company’s evolution from a non-profit upstart to [Read More…]

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, April 29, 2026. (Photo by Li Rui/Xinhua via Getty Images) (NEW YORK) — A global pandemic that put millions [Read More…]

An aerial view of the New York Stock Exchange’s trading floor. Since the installation of the Hybrid Market system in 2007, there has been less traders on the floor due to an increase of electronically [Read More…]

(WASHINGTON) — The Senate voted Wednesday to confirm Federal Reserve chair nominee Kevin Warsh, clearing the way for Warsh to replace central bank head Jerome Powell when his term ends later this week. The Senate confirmed [Read More…]

Close-up on a woman shopping at a convenience store and checking her receipt while exiting. (Hispanolistic.Getty) (NEW YORK) — Inflation rose for a second consecutive month as the U.S.-Israeli war with Iran continued to send [Read More…]

A sign displays the prices of unleaded gasoline and diesel fuel at a Chevron gas station in Los Angeles on Monday, May 4, 2026. (Kyle Grillot/Bloomberg via Getty Images) (LOS ANGELES) — A Chevron gas [Read More…]

In this photo illustration, the PayPal logo is displayed on the screen of a smart tablet. (Sheldon Cooper/SOPA Images/LightRocket via Getty Images) (WASHINGTON) — PayPal has agreed to waive $30 million in processing fees in [Read More…]