ABC Business News

Al Drago/Bloomberg via Getty Images (WASHINGTON) — Starbucks’ former CEO Howard Schultz on Wednesday denied breaking the law in response to sharp criticism from Sen. Bernie Sanders, I-Vt., who accused the company of “the most [Read More…]

JohnFScott/Getty Images (WASHINGTON) — When Starbucks’ most famous former CEO, Howard Schultz, appears Wednesday before a Senate committee to face questioning from Bernie Sanders over the company’s response to a unionization push — including what [Read More…]

Karl Tapales/Getty Images (NEW YORK) — Social media app TikTok faces mounting bipartisan hostility in Washington D.C., where Biden administration officials and lawmakers are weighing a possible ban of the platform. The app, which counts [Read More…]

Tetra Images – Henryk Sadura/Getty Images (WASHINGTON) — The country’s top banking regulators faced a grilling from lawmakers Tuesday about who was responsible for the the failures of Silicon Valley Bank and Signature Bank. The [Read More…]

Witthaya Prasongsin/Getty Images (NEW YORK) — Embattled crypto executive Sam Bankman-Fried now faces an additional criminal charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act, according to a superseding indictment [Read More…]

RapidEye/Getty Images (LOS ANGELES) — Taylor Swift fans will get their day in court on Monday, months after the botched release of tour tickets prompted widespread outcry. A federal court in Los Angeles will hear [Read More…]

Patrick T. Fallon/AFP via Getty Images, FILE (NEW YORK) — First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said. Silicon Valley Bank, [Read More…]

Alex Wong/Getty Images (NEW YORK) — The banking crisis that erupted earlier this month elicited some predictions of a halt in interest rate hikes, since previous borrowing cost increases garnered blame for the financial distress. Instead, [Read More…]

Justin Sullivan/Getty Images (NEW YORK) — Gordon Moore, the co-founder and former chairman of tech giant Intel, died Friday at the age of 94, the company and the Gordon and Betty Moore Foundation announced. A press [Read More…]

Bill Pugliano/Getty Images (NEW YORK) — United Nations Secretary-General Antonio Guterres said that the world is “on thin ice” and called for “climate action on all fronts” earlier this week while revealing the latest U.N. [Read More…]

Kinga Krzeminska/Getty Images (NEW YORK) — One woman who said her family was in debt and one step away from financial disaster made a change in her spending at the grocery store that’s paying off [Read More…]

Dunkin’ (NEW YORK) — From the iconic Egg McMuffin at McDonald’s to French Toast Sticks at Wendy’s, the competition among fast food chains to serve Americans breakfast has registered another entry. Dunkin’ launched its latest [Read More…]

Photo by Mike Kline (notkalvin)/Getty Images (WASHINGTON) — A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on Thursday when TikTok CEO Shou [Read More…]

Nikolas Kokovlis/NurPhoto via Getty Images (NEW YORK) — Foot Locker plans to close 400 stores in North America by 2026 as it rebrands part of its business, the company announced Monday. The company plans to close [Read More…]

Photo by Mike Kline (notkalvin)/Getty Images (WASHINGTON) — A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on Thursday when TikTok CEO Shou [Read More…]

Nikolas Kokovlis/NurPhoto via Getty Images (NEW YORK) — Foot Locker plans to close 400 stores in North America by 2026 as it rebrands part of its business, the company announced Monday. The company plans to close [Read More…]

Alex Wong/Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell on Wednesday called the U.S. banking system “strong and resilient,” voicing confidence in the nation’s financial system and the safety of bank deposits less than two [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, intensifying the central bank’s fight against inflation despite concern that previous rate increases helped trigger the nation’s banking crisis. [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — Policymakers and investors will closely watch a decision from the Federal Reserve on Wednesday about whether to raise interest rates as the U.S. economy weathers two pressing challenges: a banking [Read More…]

ABC News (NEW YORK) — TikTok is facing growing scrutiny from government officials over cybersecurity fears about Americans’ data. U.S. officials are reportedly demanding that Chinese owners sell its stake in the app or risk a [Read More…]