ABC Business News

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…]

Westend61/Getty Images (WASHINGTON) — The Biden administration will support public assessments of generative AI systems like ChatGPT to educate the public about whether these new systems align with the administration’s “bill of rights” for AI [Read More…]

ermingut/Getty Images (NEW YORK) — The U.S. Department of Labor (DOL) fined three McDonald’s franchisees after an investigation determined that hundreds of children — including two 10-year-olds — were working there in violation of federal [Read More…]

Anna Moneymaker/Getty Images (WASHINGTON) — The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, escalating the central bank’s attack on inflation just two days after the forced sale of First Republic Bank. The [Read More…]

Pavlo Gonchar/SOPA Images/LightRocket via Getty Images (NEW YORK) — Major changes at Twitter under CEO Elon Musk in recent months have elicited some calls for an alternative platform. One such app, Bluesky Social, has drawn attention [Read More…]

Tetra Images/Getty Images (WASHINGTON) — Millions of Americans who rely on federal payments to make ends meet, could be negatively impacted if the government is unable to pay its bills come June 1. If allowed to [Read More…]

Narisara Nami/Getty Images (NEW YORK) — In a sea of quality job candidates, you need to make sure your resume is up to snuff and easily skimmable for recruiters to quickly decide to pull yours [Read More…]

Lev Radin/Pacific Press/LightRocket via Getty Images (NEW YORK) — Eight people and six companies have been charged in a series of indictments with pervasive fraud and corruption in the construction industry, motivated by “greed at all [Read More…]

IronHeart/Getty Images (NEW YORK) — The collapse of First Republic Bank on Monday left it under control of the U.S. government, which quickly sold the bank to JPMorgan Chase. The move aimed to shore up [Read More…]

Mel Melcon / Los Angeles Times via Getty Images (LOS ANGELES) — Unions representing thousands of Hollywood movie and television writers voted last month to authorize a strike when their contracts run out at midnight [Read More…]

Greg Bajor/Getty Images (NEW YORK) — Summer is less than two months away so it’s high time to lock in any family vacation plans to avoid breaking the bank. ABC News’ Good Morning America tapped [Read More…]