ABC Business News

Nitat Termmee/Getty Images (NEW YORK) — As the U.S. hurtles closer to a default on its debt as early as next month, the economic consequences could prove devastating, especially for millions who stand to lose [Read More…]

IronHeart/Getty Images (WASHINGTON) — A ticking clock in Washington to avert default by raising the nation’s borrowing limit is drawing attention to the $31.4 trillion debt already accrued by the United States government. The country [Read More…]

Jill Smokler, left, is shown during an interview with ABC News’ Janai Norman. — ABC News (NEW YORK) — A year after “soft swinging” allegations embroiled a group of Mormon TikTok influencers in Utah, one [Read More…]

GMC (NEW YORK) — General Motors is recalling over 660,000 SUVs due to a potential safety issue involving car seats. The National Highway Traffic Safety Administration posted a recall notice on its website Thursday, stating [Read More…]

Jakub Porzycki/NurPhoto via Getty Images (HELENA, Mont.) — A TikTok ban enacted by Montana — the first state to impose such a law — marked a major step in the growing U.S. backlash against the [Read More…]

Firas Abdullah/Anadolu Agency via Getty Images (ORLANDO, Fla.) — Disney announced on Thursday that it canceled plans for a new campus near Orlando, Florida. The development was planned for the Lake Nona region. “Given the [Read More…]

SOPA Images/LightRocket via Getty Images (NEW YORK) — When Ashtin Gamblin remembers the night she was shot nine times, she can picture herself lying in the ambulance and worrying about whether she could afford it. [Read More…]

Michael Godek/Getty Images (WASHINGTON) — Sen. Tim Scott, R-S.C., on Thursday called for firings at the Federal Reserve over the central bank’s failure to regulate Silicon Valley Bank in the run-up to its collapse. The [Read More…]

NoSystem images/Getty Images (NEW YORK) — A group of music artists that includes legends like Whitney Houston, through her estate, and Bob Dylan have sold all or part of their song catalogs in recent years [Read More…]

Catherine McQueen/Getty Images (NEW YORK) — With high inflation over the past year and many people looking for ways to keep budgets in check, some are turning to social media as a forum to share [Read More…]

RiverNorthPhotography/Getty Images (NEW YORK) — When it comes to marketing hooks, “Taco Tuesday” may be among the most well-known and successful tactics to entice diners with a delicious deal on a beloved Mexican food. Now, [Read More…]

Win McNamee/Getty Images (NEW YORK) — OpenAI CEO Sam Altman, whose company developed the widely used AI conversation program ChatGPT, warned federal lawmakers Tuesday that artificial intelligence could pose significant risks to the world if the [Read More…]

Richard Baker/In Pictures via Getty Images (TALLHASSEE, Fla.) — PEN America, a nonprofit dedicated to protecting free expression, and Penguin Random House, one of the country’s largest book publishers, filed a lawsuit Wednesday targeting a Florida [Read More…]

MediaNews Group/Reading Eagle via Getty Images (NEW YORK) — Oscar Mayer is rolling into a new era, changing the name of its iconic Wienermobile to the “Frankmobile.” The name change is the 27-foot-long hot dog [Read More…]

Official White House Photo by Adam Schultz (WASHINGTON) — With time running short to address the debt ceiling or risk default ,President Joe Biden is cutting his upcoming foreign trip short amid the ongoing debt talks, [Read More…]

Former CEO of Silicon Valley Bank Gregory Becker takes his seats as he arrives for a Senate Banking Committee hearing on Capitol Hill, May 16, 2023, in Washington, D.C. — Drew Angerer/Getty Images (WASHINGTON) — [Read More…]

Official White House Photo by Adam Schultz (WASHINGTON) — With time running short, President Joe Biden and congressional leaders will meet Tuesday afternoon to discuss the debt ceiling as Treasury Secretary Janet Yellen stressed a [Read More…]

LUDOVIC MARIN/POOL/AFP via Getty Images (NEW YORK) — Billionaire Elon Musk blasted Jeffrey Epstein, who he referred to as a “dumb crook,” after he was subpoenaed as part of a lawsuit filed by the U.S. [Read More…]

Jorge Villalba/Getty Images (NEW YORK) — Parents on TikTok are spreading the word about Target’s lenient return policy that applies to over 45 of their private label brands, including their children’s clothing line Cat & [Read More…]

RapidEye/Getty Images (NEW YORK) — Vice Media, the youth-oriented publisher of prominent online outlets such as Vice and Motherboard, filed for bankruptcy on Monday, underscoring the fraught economic environment for digital media companies as economic [Read More…]