ABC Business News

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve on Wednesday will decide whether to revive an aggressive series of interest rate hikes and may indicate a willingness to soon end its full-throttle inflation fight. Last [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — Alarm over a possible recession has blared for well over a year, but in recent months a cooldown of inflation alongside resilient job gains has quieted the din. Growing [Read More…]

Greg Bajor/Getty Images (NEW YORK) — If you travel often, you’ve probably heard the rule of thumb, to book during the opposite season — sort of like Christmas in July or buying a winter coat [Read More…]

400tmax/Getty Images (NEW YORK) — UPS and the International Brotherhood of Teamsters, a union representing about 330,000 UPS employees in the U.S., have reached a tentative collective bargaining agreement. Contract negotiations between UPS and the Teamsters [Read More…]

Stella/Getty Images (NEW YORK) — Books, binders, pens and pencils are just a few of the necessities students across the country will need as the upcoming school year awaits. But a lengthy list of school [Read More…]

Jaap Arriens/NurPhoto via Getty Images (NEW YORK) — TikTok has added a new feature that allows users to create text-only posts with the change coming just a day after Twitter rebranded itself and less than [Read More…]

Hanna Lassen/Getty Images (NEW YORK) — Greta Gerwig’s Barbie defied a sluggish pandemic recovery at movie theaters to rake in $155 million domestically over its opening weekend. The haul made it the highest-grossing debut of [Read More…]

Rafael Henrique/SOPA Images/LightRocket via Getty Images (NEW YORK) — The signature blue bird perched atop social media platform Twitter vanished on Sunday as part of a company rebrand under a new name: X. The revamp [Read More…]

Harun Ozalp/Anadolu Agency via Getty Images (NEW YORK) — Netflix revealed blockbuster subscriber growth in a quarterly earnings report this week, but since then the company’s shares have plummeted more than 20%. The reaction on [Read More…]

Catherine McQueen/Getty Images (NEW YORK) — Just two days after a winning ticket was sold for the $1 billion Powerball, another lucky person has a chance at a mega-lottery drawing Friday. The Mega Millions jackpot [Read More…]

Yuichiro Chino/Getty Images (NEW YORK) — When Justin Harrison suffered a nasty bout of strep throat two weeks ago, he said he received a barrage of text messages from his mom urging him to take [Read More…]

Qi Yang/Getty Images (NEW YORK) — While experts disagree about whether AI poses an existential threat, Dan Hendrycks, a researcher and the director of the Center for AI Safety, or CAIS, is among those who [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — As long-standing recession alarms continue to blare from some forecasters, investors don’t appear to hear them. The S&P 500 — the index that most people’s 401(k)s track — has [Read More…]

Tayfun Coskun/Anadolu Agency via Getty Images (NEW YORK) — A winning ticket for the $1 billion Powerball jackpot was sold in California. The winning numbers in Wednesday night’s drawing were 7, 10, 11, 13 and [Read More…]

Robert Gauthier/Los Angeles Times via Getty Images (SCOTTSDALE, Ariz.) — Face masks that were in during the COVID-19 pandemic will officially be out at some In-N-Out Burger locations across five states, according to a company memo. [Read More…]

Tayfun Coskun/Anadolu Agency via Getty Images (NEW YORK) — The Powerball jackpot has grown to $1 billion for Wednesday night’s drawing, the game’s third-largest prize ever. The jackpot has a cash value of $516.8 million, [Read More…]

Craig Hastings/Getty Images (NEW YORK) — Summer air travel is already off to a bumpy start for many travelers experiencing more flight delays than usual and now there’s a new alert for when it’s time [Read More…]

John Lamparski/Getty Images (LOS ANGELES) — As the Hollywood-paralyzing strike by the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) went into its fifth day Tuesday, the studios and producers accused the union of [Read More…]

Tayfun Coskun/Anadolu Agency via Getty Images (NEW YORK) — The Powerball jackpot has ballooned to $1 billion after Monday night’s drawing produced no winners, the third-largest purse in Powerball history. The winner numbers in Monday’s [Read More…]

IronHeart/Getty Images (NEW YORK) — An estimated $1 billion jackpot is up for grabs in the next Powerball drawing. It’s the third-largest purse in the game’s history and the seventh-largest U.S. lottery jackpot, according to [Read More…]