ABC Business News

ABC News (NEW YORK) — Sam Bankman-Fried, who is facing charges in the U.S. following the collapse of his cryptocurrency company, FTX, did not waive his right to an extradition hearing at a court appearance [Read More…]

BARTOSZ SIEDLIK/AFP via Getty Images (NEW YORK) — Epic Games, the creator of Fortnite, agreed to pay about $520 million over allegations that it violated children’s privacy laws and used misleading gaming features that tricked [Read More…]

DKart/Getty Images (NEW YORK) — The results are in: Twitter users told CEO Elon Musk he should step down. Musk polled Twitter users Sunday night on whether he should step down as head of the [Read More…]

ABC News (NEW YORK) — Sam Bankman-Fried, who is facing charges in the United States following the collapse of his cryptocurrency company, FTX, is prepared to waive extradition from the Bahamas during a court appearance [Read More…]

Constanza Hevia/AFP via Getty Images (NEW YORK) — Elon Musk prompted backlash from lawmakers and figures across the political spectrum overnight in response to Twitter suspending the accounts of more than half a dozen journalists [Read More…]

NurPhoto via Getty Images (NEW YORK) — A new NGO report released Thursday claims TikTok’s algorithm targets “vulnerable teens” and recommends “harmful” content to them, sometimes as rapidly as every 27 to 39 seconds. The [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — A devastating year for the stock market is hurtling toward its end, but not before December delivers a final verdict for investors. After rallying in October and November, the [Read More…]

Mint Images/Getty Images (NEW YORK) — A federal judge in New York has decided it’s best to let a jury define what beer actually is. The judge denied a request for summary judgment from Modelo, [Read More…]

David Paul Morris/Bloomberg via Getty Images (NEW YORK) — “We’re going to keep growing and making a lot of money,” social media influencer Zack Morris said during a Dec. 11 recording on Twitter. “I never [Read More…]

Murat Taner/Getty Images (WASHINGTON) — The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.5%, slowing an aggressive series of rate increases while continuing an effort to cool the economy and [Read More…]

MARIO DUNCANSON/AFP via Getty Images (WASHINGTON) — Senators across both major parties on Wednesday sharply criticized bankrupt cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried, while advocating for regulation of the digital currency sector. [Read More…]

ABC News (NEW YORK) — The U.S. Securities and Exchange Commission on Tuesday charged Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, with defrauding investors. “FTX’s collapse highlights [Read More…]

Stephanie Keith/Getty Images, FILE (NEW YORK) — Cryptocurrency exchange FTX collapsed from a multibillion-dollar corporate darling into a bankrupt cautionary tale within a matter of weeks Former FTX CEO Sam Bankman-Fried, who appeared on the [Read More…]

Paul Marotta/Getty Images (NEW YORK) — Subaru is recalling more than 270,000 SUVs due to a potential fire risk, with owners urged to park their cars outside until inspected and repaired. The recall impacts certain [Read More…]

ABC News (NEW YORK) — The U.S. Securities and Exchange Commission on Tuesday charged Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, with defrauding investors. “FTX’s collapse highlights [Read More…]

Javier Ghersi/Getty Images (WASHINGTON) — Consumer prices rose 7.1% last month compared to a year ago, continuing a monthslong decline from a 40-year record reached over the summer. Economists had predicted a CPI increase of [Read More…]

nycshooter/Getty Images (NEW YORK) — United Airlines said Tuesday it planned to purchase 100 Boeing 787 Dreamliners, with options to buy an additional 100. The airline said the order for up to 200 aircraft amounted [Read More…]

ABC News (NEW YORK) — The U.S. Securities and Exchange Commission on Tuesday charged Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, with defrauding investors. “FTX’s collapse highlights [Read More…]

Javier Ghersi/Getty Images (WASHINGTON) — Consumer prices rose 7.1% in November, continuing a months-long decline from a 40-year record reached over the summer. Economists had predicted a CPI increase of 7.2%. Monthly inflation also fell [Read More…]

nycshooter/Getty Images (NEW YORK) — United Airlines said Tuesday it planned to purchase 100 Boeing 787 Dreamliners, with options to buy an additional 100. The airline said the order for up to 200 aircraft amounted [Read More…]