ABC Business News

Kevin Warsh, President Donald Trump’s nominee for Chair of the Federal Reserve, testifies during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing, April 21, 2026 in Washington. (Andrew Harnik/Getty Images) (WASHINGTON) — [Read More…]

Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) (NEW YORK) [Read More…]

A gas pump stands at a station in Manhattan on April 21, 2026 in New York City. (Spencer Platt/Getty Images) (NEW YORK) — Gasoline prices in the United States hit their highest level in four [Read More…]

Elon Musk arrives to court for his lawsuit against OpenAI at the Ronald V. Dellums Federal Building on April 28, 2026 in Oakland, California. (Benjamin Fanjoy/Getty Images) (OAKLAND, Calif.) — Billionaire entrepreneur Elon Musk and [Read More…]

(NEW YORK) — The United Arab Emirates on Tuesday said it would leave the Organization of the Petroleum Exporting Countries (OPEC) next month. This is a developing story. Please check back for updates. Copyright © [Read More…]

A General Motors Co. Chevrolet dealership in Colma, California, US, on Friday, Jan. 23, 2026. (David Paul Morris/Bloomberg via Getty Images) (NEW YORK) — General Motors said on Monday it expects to receive $500 million [Read More…]

Ships are anchored along the shoreline of the Persian Gulf and Strait of Hormuz, April 22, 2026 in Bandar Abbas, Iran. (Getty Images) (NEW YORK) — Thousands of canceled flights in Europe over a spike [Read More…]

David Zaslav, CEO & President, Warner Bros. Discovery at TCL Chinese Theatre on April 07, 2026 in Hollywood, California. (Monica Schipper/Getty Images) (NEW YORK) — Warner Bros. Discovery shareholders on Thursday voted to approve the [Read More…]

Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings on Friday, April 25, 2025. (Tierney L. Cross/Bloomberg via Getty Images) (WASHINGTON) — President Donald [Read More…]

Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings on Friday, April 25, 2025. (Tierney L. Cross/Bloomberg via Getty Images) (WASHINGTON) — President Donald [Read More…]

Stock Market Wall Street (Matteo Colombo/Getty Images) (NEW YORK) — Stocks closed slightly lower and oil prices rose on Monday as tensions mounted in the Strait of Hormuz, putting pressure on the ceasefire between the U.S and [Read More…]

Stock Market Wall Street (Matteo Colombo/Getty Images) (NEW YORK) — Stocks dipped and oil prices rose in early trading on Monday as tensions mounted in the Strait of Hormuz, putting pressure on the ceasefire between [Read More…]

: Traders work on the floor of the New York Stock Exchange during morning trading on April 17, 2026 in New York City. (Photo by Michael M. Santiago/Getty Images) (NEW YORK) — Stocks surged and [Read More…]

Close-up of Chevron sign at a gas station, showing California gas prices, in Walnut Creek, California, April 8, 2025. (Photo by Smith Collection/Gado/Getty Images) (NEW YORK) — The United States continued to mount a naval [Read More…]

Live Nation logo. (Photo by Jonathan Raa/NurPhoto via Getty Images) (NEW YORK) — Live Nation illegally monopolized the market for tickets, protecting its position through pressure and leverage, jurors in Manhattan federal court found Wednesday. [Read More…]

Traders work on the floor of the New York Stock Exchange. (Michael M. Santiago/Getty Images) (NEW YORK) — The S&P 500 hit a record high on Wednesday as the ceasefire between the U.S. and Iran [Read More…]

A view of the vessels passing through the Strait of Hormuz following the two-week temporary ceasefire reached between the United States and Iran on the condition that the strait be reopened, seen in Oman, April [Read More…]

A trader works on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026. Signs of last-ditch efforts to secure a truce in the war that has [Read More…]

A trader works on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026. Signs of last-ditch efforts to secure a truce in the war that has [Read More…]

Job interview (Narisara Nami/Getty Images) (NEW YORK) — The U.S. recorded strong job gains in March, rebounding from dismal losses a month earlier, a jobs report on Friday showed. The reading far exceeded economists’ expectations. [Read More…]