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ABC Business News

How AI can fuel financial scams online, according to industry experts
Westend61/Getty Images (NEW YORK) — There is growing fraud online in which scammers manufacture other identities to dupe financial institutions or their customers out of money — and the crimes are only expected to grow [Read More…]

Fresh inflation data expected to show slight cooldown
Tetra Images/Getty Images (NEW YORK) — Inflation data to be released on Thursday will show whether price increases cooled or accelerated in September, offering the latest snapshot of expenses faced by U.S. households as the [Read More…]

FTX founder Sam Bankman-Fried didn’t think rules applied to him, ex-girlfriend says
Bloomberg/Getty Images (NEW YORK) — FTX founder Sam Bankman-Fried believed in utilitarianism and thought rules against lying or stealing inhibited his ability to maximize the greatest benefit for the most people, his former girlfriend and [Read More…]

Here’s why interest rates are soaring for mortgages, credit cards
IronHeart/Getty Images (NEW YORK) — Mortgage rates stand at their highest level in more than two decades. The average rate for credit card holders tops anything on record at the Federal Reserve. Car loans have [Read More…]

FTC proposes new rule to ban junk fees, potentially saving consumers ‘tens of billions’
Catherine McQueen/Getty Images (WASHINGTON) — The Federal Trade Commission is proposing a new rule that seeks to eliminate junk fees — those hidden costs that can unexpectedly push up prices consumers pay at checkout. The [Read More…]

Israel-Hamas war causes spike in oil prices. Here’s what it means for gas costs, inflation
Momen Faiz/NurPhoto via Getty Images (NEW YORK) — Oil prices have climbed over fears the Israel-Hamas war could embroil the wider petroleum-producing Gulf region and threaten global output. The global Brent oil benchmark rose nearly 5% [Read More…]

Powerball skyrockets to $1.73 billion after no Monday night winners
Catherine McQueen/Getty Images (NEW YORK) — The latest Powerball numbers for Monday’s $1.5 billion prize have been selected, but no one got all of them. Monday night’s winning numbers were 16, 34, 46, 55, 67 [Read More…]

NFT creator wins multimillion-dollar lawsuit, paving ways for other artists to ‘stand up for themselves’
Courtesy of Danny Casale. (NEW YORK) — If you’re feeling unseen because you are not doing what others in society are expecting you to do, whether socializing on the weekends, or figuring out life as [Read More…]

No winner as Powerball jackpot soars to at least $1.55 billion
Catherine McQueen/Getty Images (NEW YORK) — No Powerball jackpot winner was declared in Saturday’s Powerball drawing which means the prize has soared to an estimated $1.55 billion for the next drawing. The winning numbers drawn [Read More…]

US economy adds 336,000 jobs in September
Kwanchai Lerttanapunyaporn / EyeEm/Getty Images (WASHINGTON) — U.S. employers continued hiring in September, despite increased interest rates and an uncertain economic outlook. Employers added 336,000 jobs last month, according to the latest report from the [Read More…]

$1.4 billion jackpot up for grabs in Saturday’s Powerball drawing
Catherine McQueen/Getty Images (NEW YORK) — An estimated $1.4 billion jackpot is up for grabs in the next Powerball drawing on Saturday night. It’s the third-largest purse in the American lottery game’s history. It’s also [Read More…]

SEC seeks to force Elon Musk to testify in investigation into Twitter purchase
Nathan Howard/Getty Images (NEW YORK) — The Securities and Exchange Commission on Thursday sought to force Elon Musk to sit for a deposition as part of an ongoing investigation about his purchase of Twitter, now [Read More…]

No match for Powerball numbers as jackpot reaches $1.4 billion
Catherine McQueen/Getty Images (NEW YORK) — The Powerball frenzy was in full swing Wednesday as potential billionaires were lining up at kiosks across the nation with dreams of winning the $1.2 billion jackpot up for [Read More…]

No time to return a package? Let Uber do it
Uber (NEW YORK) — Uber announced Wednesday that it will now offer customers the option to request a courier to return packages for them. The new offering is launching ahead of the upcoming holiday season [Read More…]

Powerball jackpot climbs to $1.2 billion as clock ticks down to Wednesday’s drawing
Catherine McQueen/Getty Images (NEW YORK) — Powerball frenzy was in full swing Wednesday as potential billionaires were lining up at kiosks across the nation with dreams of what they’ll do if they’re lucky enough to hit [Read More…]

Powerball jackpot climbs to $1.2 billion ahead of Wednesday’s drawing
Catherine McQueen/Getty Images (NEW YORK) — An estimated $1.2 billion jackpot is up for grabs in the next Powerball drawing on Wednesday night. It’s now the third-largest purse in the American lottery game’s history and [Read More…]

Former FTX CEO Sam Bankman-Fried’s trial set to begin Tuesday
ABC News (NEW YORK) — The trial of Sam Bankman-Fried, FTX founder and former crypto billionaire, is set to begin Tuesday with jury selection after federal prosecutors accused him of orchestrating one of the largest [Read More…]

Autoworkers strike has cost US economy nearly $4B, report says
Patrick T. Fallon/AFP via Getty Images (NEW YORK) — An ongoing strike carried out by tens of thousands of autoworkers has cost the U.S. economy billions of dollars, denying workers their wages and cutting output [Read More…]

SNAP benefits increase as eligibility requirements change through 2024
Noel Hendrickson/Getty Images (NEW YORK) — Millions of Americans rely on the Supplemental Nutrition Assistance Program, or SNAP, for benefits to supplement their grocery budget to afford nutritious foods. As of Oct. 1, the program [Read More…]

Powerball jackpot tops $1 billion ahead of Monday’s drawing
Catherine McQueen/Getty Images (NEW YORK) — An estimated $1.04 billion jackpot is up for grabs in the next Powerball drawing on Monday night. It’s the fourth-largest purse in the American lottery game’s history and the [Read More…]