ABC Business News

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…]

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…]