ABC Business News

Michael M. Santiago/Getty Images (NEW YORK) — The Writers Guild rejected the latest offer from TV and movie studios in a statement on Tuesday night, thrusting the acrimonious negotiations into public view 113 days after [Read More…]

jfizzy/Star Max/GC Images/ Getty Images (NEW YORK) — The disgraced founder of the 2017 Fyre Festival, Billy McFarland, is selling tickets for a follow-up event and customers are buying them, he said in recent posts [Read More…]

Andriy Onufriyenko/Getty Images (NEW YORK) — Target’s sales declined over a three-month period for the first time in six years, the company announced last week, attributing the loss in part to what the company’s Executive [Read More…]

Adam Gault/Getty Images (NEW YORK) — Generation Z is racking up more credit card debt than previous generations, while Generation X holds the highest average of credit card debt, according to recent data from Credit [Read More…]

Mark Wilson/Getty Images (NEW YORK) — Three days after Election Night 2020, dozens of CEOs from the nation’s largest companies logged into a Zoom call aiming to prevent the collapse of American democracy, according to [Read More…]

ABC News Senior Reporter Emmanuelle Saliba speaks with Adobe General Counsel and Chief Trust Officer Dana Rao. — ABC News (NEW YORK) — Experts tell ABC News that the rise of generative artificial intelligence is [Read More…]

Thomas Northcut/Getty Images (NEW YORK) — Mortgage rates have climbed to their highest levels in 21 years, according to data released by Freddie Mac on Thursday. The 30-year fixed-rate mortgage averaged 7.09% over the week [Read More…]

Aytug Can Sencar/Anadolu Agency via Getty Images (NEW YORK) — Special counsel Jack Smith earlier this year sought extensive data, including direct messages, tied to former President Donald Trump’s account on X, formerly known as [Read More…]

RapidEye/Getty Images (NEW YORK) — A New Jersey federal judge has ordered Starbucks to pay a former employee who was awarded $25.6 million in a wrongful termination suit an extra $2.7 million in damages. Shannon [Read More…]

Grace Cary/Getty Images (NEW YORK) — If you’re in the market to rent a new home, there’s a new warning by the Federal Trade Commission that you should be wary of before you go tour [Read More…]

Wendy’s (NEW YORK) — Attention all Croissan’wich fans: There’s a new carb contender hitting the breakfast menu at Wendy’s. The fast food chain announced its latest a.m. innovation on Tuesday, launching two new English Muffin [Read More…]

Igor Golovniov/SOPA Images/LightRocket via Getty Images (HONOLULU) — Shares of Hawaiian Electric have plummeted nearly 40% since trading opened Monday over concerns that the utility company could be held liable for damage wrought by the Maui [Read More…]

Starbucks (NEW YORK) — Starbucks is adding a new spin to three of its drinks for the final weeks of summer. Creating unique customizations has long been popular with Starbucks fans, especially on social media, [Read More…]

FDA (NEW YORK) — Nestlé USA issued a voluntary recall of a “limited quantity” of its Toll House Chocolate Chip Cookie Dough “break and bake” Bar product due to the “potential presence of wood fragments,” [Read More…]

MANDEL NGAN/Getty Images (NEW YORK) — Meta CEO Mark Zuckerberg said on Sunday that X owner Elon Musk “isn’t serious” about a potential cage match, adding that it’s “time to move on” from the much-hyped [Read More…]

Michael M. Santiago/Getty Images (NEW YORK) — Disgraced FTX founder Sam Bankman-Fried has had his bail revoked and he has been immediately remanded to custody of the U.S. Marshals. Judge Lewis A. Kaplan made the [Read More…]

Paras Griffin/Getty Images (NEW YORK) — Fearless Fund, a venture capitalist firm that invests in female entrepreneurs of color, is now the target of a lawsuit launched by a group founded by the man who [Read More…]

(SAN JOSE, Calif.) — Zoom, whose sales and cultural prominence soared when the pandemic forced millions of workers to stay home, said last week that it plans to bring employees back to the office. The [Read More…]

Anton Petrus/Getty Images (NEW YORK) — Consumer prices rose 3.2% last month compared to a year ago, marking an uptick that reverses some of the progress achieved in the monthslong fight to bring inflation down [Read More…]

Virgin Galactic02 crew members, Jon Goodwin, Keisha Schahaff and Anastasia Mayers. (Virgin Galactic) (NEW YORK) — Virgin Galactic is launching its first mission carrying paying customers on Thursday just weeks after the company’s first flight [Read More…]