ABC Business News

Walter Bibikow/Getty Images (WASHINGTON) — After saving up for three years during which they sometimes worked 80 hours a week, Tawanda Hall and her husband purchased their dream home in the suburbs of Detroit in [Read More…]

Jason Koerner / Stringer/Getty Images (NEW YORK) — The seismic exit of Fox News host Tucker Carlson this week elicited reaction from politicians as varied as former President Donald Trump and Rep. Alexandria Ocasio-Cortez, D-N.Y. [Read More…]

Aitor Diago/Getty Images (NEW YORK) — Disney filed a lawsuit Wednesday in U.S. District Court against Florida Gov. Ron DeSantis and various Florida officials over a campaign the company alleges was “patently retaliatory, patently anti-business, [Read More…]

Hyoung Chang/The Denver Post (NEW YORK) — What happens when a social media company succeeds at building a community, then threatens to destroy what its users spent years building? Devoted users of TikTok face that [Read More…]

Jon Challicom/Getty Images (NEW YORK) — Chevrolet is saying bye-bye to the Bolt. The Chevy Bolt hatchback, as well as its crossover Bolt EUV sibling, will cease production this year, General Motors has confirmed to [Read More…]

Al Drago/Bloomberg via Getty Images (WASHINGTON) — The world’s second-largest tobacco company has agreed to pay what the Department of Justice is saying is “the single largest North Korean sanctions penalty in the history of the [Read More…]

Anton Petrus/Getty Images (NEW YORK) — Shares of First Republic Bank plummeted nearly 50% on Tuesday as the banking crisis continued to ripple through the financial system. The regional lender, left in dire condition after the [Read More…]

Anton Petrus/Getty Images (NEW YORK) — Shares of First Republic Bank plummeted more than 25% in early trading on Tuesday as the banking crisis continued to ripple through the financial system. The regional lender, left [Read More…]

IronHeart/Getty Images (NEW YORK) — Tech giant Apple last week announced a buzzy product release — but it wasn’t a new version of its iPhone or virtual reality headset. Rather, the company offered its first [Read More…]

E4C/Getty Images (WASHINGTON) — The Department of Justice has joined an investigation led by the Department of Transportation into Southwest Airlines’ meltdown in December — when the company canceled more than 16,000 flights over an [Read More…]

Christopher Furlong/Getty Images (NEW YORK) — Twitter reversed a major change to its subscription policy over the weekend by reverifying some legacy accounts, including ones belonging to dead celebrities like Michael Jackson and Kobe Bryant. [Read More…]

ABC News (NEW YORK) — Bed Bath & Beyond filed on Sunday for Chapter 11 bankruptcy. The company’s 360 stores — along with its 120 buybuy BABY stores — are expected to remain open as [Read More…]

Teera Konakan/Getty Images (NEW YORK) — Facebook users who had an account at any time from May 2007 to the end of last year can now apply for their share of a $725 million privacy [Read More…]

Christopher Furlong/Getty Images (NEW YORK) — Twitter on Thursday began removing blue check marks from legacy verified accounts. Elon Musk, the CEO of the social media platform, had announced earlier this month that the checks [Read More…]

Seung-il Ryu/NurPhoto via Getty Images (NEW YORK) — Eighteen attorneys general are asking for the initiation of a recall of Kia and Hyundai car models that lack anti-theft controls. In recent months, Kia and Hyundai models [Read More…]

Jackyenjoyphotography/Getty Images (NEW YORK) — High inflation, interest rate hikes and recession worries pummeled stocks last year. The market has rebounded in 2023, though, even as each of those problems continues to vex the economy. Compounding [Read More…]

Carol Yepes/Getty Images (NEW YORK) — Billionaire entrepreneur Elon Musk announced plans this week to create an AI-driven conversation tool called “TruthGPT,” after criticizing the popular AI text bot ChatGPT for being “politically correct.” “There’s [Read More…]

Rafael Henrique/SOPA Images/LightRocket via Getty Images (SAN FRANCISCO) — Facebook-parent Meta began laying off workers on Wednesday as part of its latest round of job cuts announced in March, the company confirmed to ABC News. Last [Read More…]

RapidEye/Getty Images (WASHINGTON) — The Justice Department on Tuesday charged a Hezbollah financier and eight others with evading sanctions and laundering almost $160 million, in some cases through artwork and diamonds. Prosecutors alleged that Nazem [Read More…]

Andrew Harrer/Bloomberg via Getty Images (NEW YORK) — It’s the end of an era. Netflix announced Tuesday that it would be sending its last red envelope on Sept. 29, 2023, ending its DVD mailing service [Read More…]