ABC Business News

In this April 17, 2024, file photo, the Live Nation website is shown on a laptop in New York. (Bloomberg via Getty Images) (WASHINGTON) — The Justice Department and dozens of state and district attorneys [Read More…]

In this April 17, 2024, file photo, the Live Nation website is shown on a laptop in New York. (Bloomberg via Getty Images) (WASHINGTON) — The Justice Department and 30 states filed a major antitrust [Read More…]

ermingut/Getty Images (NEW YORK) — For more than three years, rapid inflation has frustrated shoppers scanning store shelves for deals. But a host of prominent companies are finally delivering relief. Target, Ikea, Aldi, McDonald’s and [Read More…]

ABC News (NEW YORK) — As inflation continues to worry Americans, Aldi CEO Jason Hart said the discount grocery chain is focused on keeping grocery prices low as the summer season heats up. Hart joined [Read More…]

In this April 17, 2024, file photo, the Live Nation website is shown on a laptop in New York. (Bloomberg via Getty Images) (WASHINGTON) — The Justice Department and a group of state attorneys general [Read More…]

The Federal Deposit Insurance Corp. (FDIC) headquarters in Washington, D.C., May 20, 2024. (Al Drago/Bloomberg via Getty Images) (WASHINGTON) — The head of the Federal Deposit Insurance Corporation said this week that he would leave [Read More…]

The Ting family spoke to ABC News about their generational store Ting’s Gift Shop in Chinatown. (ABC News) (NEW YORK) — Ting’s Gift Shop in New York City’s bustling Chinatown has shuttered after 66 years [Read More…]

The Wendy’s Company (NEW YORK) — Wendy’s is enticing its customers with a new deal amid increased prices at fast food chains. Beginning Monday, May 20, customers can get a breakfast combination deal from Wendy’s [Read More…]

A Target store stands in Manhattan on March 5, 2024 in New York City. (Spencer Platt/Getty Images) (NEW YORK) — Retail giant Target announced Monday it is lowering prices on around 5,000 items in its [Read More…]

RapidEye/Getty Images (NEW YORK) — Red Lobster has voluntarily filed for Chapter 11 bankruptcy, according to a recent press release shared with ABC News. The largest seafood chain in the U.S., home to Cheddar Bay [Read More…]

McDonald’s plans to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices. The deal would let customers get a four-piece McNugget, small fries, a small [Read More…]

Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inflation cuts into household budgets and more Americans pay closer attention to their spending. The price cuts, already [Read More…]

Michael M. Santiago/Getty Images (NEW YORK) — The blazing hot stock market seems to set new records just about every day. The Dow Jones Industrial Average stands above 40,000 for the first time in history, [Read More…]

Morry Gash-Pool/Getty Images (NEW YORK) — U.S. adults trust former President Donald Trump over President Joe Biden on the issue of inflation by a double-digit margin, according to a new ABC News/Ipsos poll this month, [Read More…]

Beata Zawrzel/NurPhoto via Getty Images (TUSCALOOSA, Ala.) — Thousands of Mercedes-Benz workers in Alabama voted against joining the United Auto Workers (UAW) on Friday, delivering a significant defeat for the union one month after it [Read More…]

Spencer Platt/Getty Images (NEW YORK) — The Dow Jones Industrial Average crossed 40,000 for the first time in history on Thursday. This is a significant and symbolic milestone for the index that tracks 30 of [Read More…]

Kinga Krzeminska/Getty Images (NEW YORK) — As Americans continue to experience sticker shock with volatile food costs, a slight ease of inflation last month could provide relief for consumers’ wallets — particularly at the grocery [Read More…]

RiverNorthPhotography/Getty Images (NEW YORK) — Walgreens Boots Alliance announced Wednesday that it plans to sell its own generic version of the overdose reversal drug Narcan. Narcan is given as a nasal spray and the active [Read More…]

In this undated file photo, a Red Lobster Restaurant is shown. (Jeff Greenberg/UIG via Getty Images) (NEW YORK) — Red Lobster has abruptly closed at least 99 locations across the country with restaurants shutting their [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — Consumer prices rose 3.4% in April compared to a year ago, slowing slightly from the previous month and offering a welcome sign for the Federal Reserve in its yearslong inflation [Read More…]