ABC Business News

Bloomberg/Getty Images (NEW YORK) — Artificial intelligence isn’t just making inroads in technology. Soon, AI may replace human beings in jobs as evidenced by one company that has created two AI interns. Kyle Monson, co-founder [Read More…]

Smith Collection/Getty Images (NEW YORK) — Electric vehicle company Tesla slashed the price of its cars across global markets as much as 20%, the automaker announced on Thursday night. The move aims to bolster demand [Read More…]

RapidEye/Getty Images (NEW YORK) — Former President Donald Trump’s namesake family real estate firm was sentenced to the maximum allowable fine Friday in New York following its conviction on 17 counts, include a 13-year scheme [Read More…]

RapidEye/Getty Images (NEW YORK) — Former President Donald Trump’s namesake family real estate firm will be sentenced Friday in New York following its conviction on 17 counts, include a 13-year scheme to defraud. The company [Read More…]

d3sign/Getty Images (NEW YORK) — Fans of three-egg omelets and bacon-egg-and-cheese sandwiches have more to worry about than just high cholesterol. The wholesale price of a dozen eggs has more than quadrupled year over year, [Read More…]

Marilyn Nieves/Getty Images (WASHINGTON) — The U.S. Department of Justice announced a $31 million settlement with City National Bank over allegations that the Los Angeles-based bank engaged in “redlining” – a pattern of lending discrimination [Read More…]

Lev Radin/Pacific Press/LightRocket via Getty Images (NEW YORK) — Stuck in house arrest and awaiting trial, disgraced crypto executive Sam Bankman-Fried spoke out on Thursday with the most extensive remarks since his arrest a month [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 6.5% last month compared to a year ago, extending a months-long slowdown of price hikes and bolstering hopes that the U.S. can avert a recession. Year-over-year [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — Inflation data set for release Thursday will show whether months of cooling price increases continued in December. Evidence of further slowing would ease the strain on household budgets and [Read More…]

courtneyk/Getty Images (NEW YORK) — If you were banking on a hefty tax refund this year, think again. The expiration of COVID-era tax breaks means millions of Americans may get smaller refunds when they file [Read More…]

Matias J. Ocner/Miami Herald/Tribune News Service via Getty Images (MIAMI) — The arena where the Miami Heat play can now get a new name following the collapse of cryptocurrency exchange FTX. A federal bankruptcy judge [Read More…]

Image by Marie LaFauci/Getty Images (NEW YORK) — As cooling inflation offers consumers much-needed relief, many car owners are in for a rude awakening when insurance renewal arrives this year, a new report found. Car [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — House Speaker Kevin McCarthy, R-Calif., emerged with gavel in hand on Saturday after fierce Republican negotiations, but the concessions he made in the process have heightened concern over a [Read More…]

Luke Sharrett/Bloomberg via Getty Images (NEW YORK) — The formula for success with Super Bowl commercials in the past has ranged from outrageous and funny to nostalgic, but this year one brand is betting big [Read More…]

Krispy Kreme Doughnuts (NEW YORK) — Frequent flyers will quickly recognize Biscoff as the addictive in-air treat from Delta airlines, but the brand has three new delicious doughnuts landing on the menu at Krispy Kreme [Read More…]

James Leynse/Getty Images (NEW YORK) — Millions of Americans have had to struggle to find a new jobs due to a measure in their contracts that prevents them from working for a direct competitor following [Read More…]

tattywelshie/Getty Images (NEW YORK) — Near-historic price increases for basics like food and gas have drawn scrutiny to a question at the heart of the economy: How much money must a worker make to stay [Read More…]

jayk7/Getty Images (NEW YORK) — Student loan borrowers could soon pay less money back on their loans and be on the hook for a shorter amount of time, should a new Biden administration rule take [Read More…]

CPSC (NEW YORK) — The U.S. Consumer Product Safety Commission is once again warning parents and caregivers not to use any models of Fisher-Price’s Rock ‘n Play sleepers, a type of chair used to soothe [Read More…]

Jeenah Moon/Bloomberg via Getty Images (NEW YORK) — More than 7,000 nurses at two hospitals in New York City went on strike early Monday morning demanding better pay, better working conditions and more staffing. The [Read More…]