ABC Business News

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…]

A scene from “Abbott Elementary.” — Scott Everett White/ABC (LOS ANGELES) — Hollywood writers are calling on the studios to show them the money. Thousands of television and movie writers voted overwhelmingly to authorize a [Read More…]

ermingut/Getty Images (NEW YORK) — McDonald’s burgers have been an American classic since 1955. Now, the iconic fast food chain is planning some changes, including how they cook their quintessential burgers. For their signature Big [Read More…]

Carol Yepes/Getty Images (NEW YORK) — The leak of dozens of highly classified documents on the social media platform Discord has elicited concern over online spaces where users can post sensitive government material without notice [Read More…]

stockcam/Getty Images (NEW YORK) — Are you gearing up for one of the biggest shopping events of the year? Here’s what we know about Amazon Prime Day right now. Though the company has not made [Read More…]

Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images (NEW YORK) — David’s Bridal has filed for bankruptcy and announced massive layoffs just weeks before wedding season. One of the country’s largest bridal retailers, the company [Read More…]

Timothy A. Clary/AFP via Getty Images (NEW YORK) — Speaking at the New York Stock Exchange on Monday, House Speaker Kevin McCarthy said the House will vote in “the coming weeks” on legislation to raise [Read More…]

Official White House Photo by Adam Schultz (WASHINGTON) — The Biden administration on Monday plans to announce a new round public and private commitments aimed at accelerating electric vehicle use throughout United States. The commitments [Read More…]

Tramino/Getty Images (NEW YORK) — Michael Critchley’s job is to persuade his longtime Ford customers to swap their gas-guzzling pickups for the F-150 Lightning. Ford started production of the all-electric Lightning in late 2021 and the [Read More…]

Tim Robberts/Getty Images (NEW YORK) — Parler, a social media platform popular among conservatives, will temporarily shut down after being acquired by the hedge fund Starboard, the company said on Friday. The acquisition comes months [Read More…]

Greg Bajor/Getty Images (NEW YORK) — Airlines are already booking up for getaways abroad this summer and as Americans finalize travel plans, there are some important things to keep in mind. With 75% of seats [Read More…]

Daniel Acker/Bloomberg via Getty Images (NEW YORK) — Fresh calls to boycott Bud Light volley across social media nearly two weeks after a product endorsement from Dylan Mulvaney, a transgender influencer, set off backlash among [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve’s staff is more worried about the U.S. economy tipping into a recession after the recent banking crisis, the minutes from the central bank’s meeting in March reveal. [Read More…]