ABC Business News

Tayfun Coskun/Anadolu Agency via Getty Images (NEW YORK) — Ex-NBCUniversal advertising executive Linda Yaccarino will take over as CEO of Twitter, Elon Musk said on Friday. Musk, who runs Tesla and Space X, said a [Read More…]

Namthip Muanthongthae/Getty Images (NEW YORK) — The cryptocurrency industry, in recent months, has suffered some blows: high-profile bankruptcies, the arrest of wunderkind Sam Bankman-Fried and a regulator lawsuit against top crypto exchange Binance. Despite it [Read More…]

JasonDoiy/Getty Images (SAN FRANCISCO) — Elon Musk has chosen a new CEO of Twitter and plans to step down from the role within about six weeks, the billionaire entrepreneur said on Thursday. Musk, who runs Tesla [Read More…]

Eric Thayer/Bloomberg via Getty Images (NEW YORK) — Shares of PacWest Bancorp plummeted more than 20% in early trading on Thursday after the regional lender said it faced a sizable withdrawal of deposits last week, [Read More…]

Gary Hershorn/Getty Images (NEW YORK) — Peloton is recalling over two million bikes, warning that the bike seat post assembly could break and cause users to fall. The Peloton Bikes Model PL01 is the one [Read More…]

Greg Bajor/Getty Images (NEW YORK) — Uber will soon allow customers to book plane tickets directly through its app. The new feature powered by online travel agent Hopper will roll out for users in the [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 4.9% last month compared to a year ago, extending a monthslong slowdown and bolstering hopes that inflation will continue its return back to normal levels. The [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — Fresh inflation data on Wednesday will show whether price hikes slowed for the tenth consecutive month in April, easing financial pain for U.S. households and bolstering hopes that price [Read More…]

Gabriela Tulian/Getty Images (NEW YORK) — Customers at the bakery Nothing Bundt Cake, in Memphis, Tennessee, choose items from snickerdoodle, red velvet and blueberry bliss, among other flavors. But patrons cannot avoid the surging prices. [Read More…]

Courtesy of Canva (NEW YORK) — Although it’s been over 20 years since Marisa Bardach Ramel’s mom Sally died in 2002, the Colorado-based author said she’s caught by surprise every year when Mother’s Day rolls [Read More…]

Craig Hastings/Getty Images (NEW YORK) — Millions of Americans are planning summer trips in what could be the busiest summer travel season in years. Where you go and how you get there will determine if [Read More…]

ABC News (NEW YORK) — Sam Bankman-Fried on Monday sought to dismiss most of the criminal charges he faces in connection with the collapse of FTX, the crypto exchange he founded. Bankman-Fried filed a motion [Read More…]

ABC News (KEMMERER, Wyo.) — TerraPower, founded by billionaire and Microsoft co-founder Bill Gates in 2008, is opening a new nuclear power plant in Kemmerer, Wyoming. The plant will be the first of its kind, [Read More…]

EllenMoran/Getty Images (WASHINGTON) — President Joe Biden and Transportation Secretary Pete Buttigieg on Monday plan to announce a new rulemaking process to look at requiring airlines to compensate passengers who experience inconvenience because of “controllable [Read More…]

Catherine McQueen/Getty Images (NEW YORK) — McDonald’s customers are more reluctant to add fries to their order, grocery shoppers are less willing to swallow the elevated price of Unilever mayonnaise and Target customers are balking [Read More…]

Stellantis (NEW YORK) — The Jeep Wrangler can ford rivers, crawl over boulders, traverse deserts and blaze through uncharted territory. Fierce yet affordable, the humble 4X4 has long been the go-to vehicle for outdoor enthusiasts. These [Read More…]

STOCK PHOTO/Getty Images (NEW YORK) — When it comes to the password habits of Americans, there’s some room for improvement. But some tech companies are hoping a new security technology known as a “passkey” may offer [Read More…]

Douglas Sacha/Getty Images (NEW YORK) — A better-than-expected jobs report on Friday defied interest rate hikes that aim to slash inflation by cooling the economy. Instead, the U.S. added 253,000 jobs in April, marking a [Read More…]

PLEZi (NEW YORK) — Former first lady Michelle Obama has announced her latest venture, PLEZi Nutrition, aimed at creating healthy food and beverage options for parents to give “healthier, great-tasting products” to their kids. Obama [Read More…]

Morgan Lieberman/Bloomberg via Getty Images (LOS ANGELES) — Shares of PacWest Bancorp plunged more than 50% in early trading on Thursday, marking the latest spasm of financial distress after three of the nation’s 30-largest banks [Read More…]