ABC Business News

Bloomberg Creative/Getty Images (NEW YORK) — For well over a year, inflation has slowly sunk many U.S. households, soaking up Americans’ savings. The aggressive fight against inflation by the Federal Reserve has heightened the risk [Read More…]

Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images (NEW YORK) — Meta, formerly named Facebook, said it’s opening up a piece of its technology to combat terrorism and human trafficking across the internet. It said it will [Read More…]

SAMANTHA LAUREY/AFP via Getty Images (NEW YORK) — Elon Musk elicited backlash from liberal leaders and cheers from some conservative ones in response to a viral tweet on Sunday that called for Anthony Fauci, the [Read More…]

BRENDAN SMIALOWSKI/AFP via Getty Images (HAMPTON, Va.) — Incoming freshmen at Virginia’s Hampton University will be the recipients of a large-scale school donation through the digital investing platform Stackwell Capital aimed at decreasing what research [Read More…]

Mel Melcon/Los Angeles Times via Getty Images (LOS ANGELES) — Like many industries, graduate student workers at colleges and universities around the country are demanding better pay and living conditions from their employers as inflation [Read More…]

ABC News (WASHINGTON) — Former FTX CEO Sam Bankman-Fried will appear before Congress to testify on the collapse of the giant, $32-billion cryptocurrency exchange. The House Financial Services Committee said Bankman-Fried will testify on Tuesday, [Read More…]

IronHeart/Getty Images (NEW YORK) — The trustee for the liquidation of Bernie Madoff’s defunct and fraudulent investment firm announced on Friday a new distribution of recovered funds to swindled customers. This is the 14th distribution [Read More…]

Catherine McQueen/Getty Images (NEW YORK) — The economy has set off emergency sirens this year over growing recession fears, sky-high inflation and a battered stock market. But one area has allayed worries: jobs. Hiring last [Read More…]

Michael M. Santiago/Getty Images (NEW YORK) — More than 1,000 journalists and other workers at The New York Times launched a 24-hour strike on Thursday, a protest over ongoing contract negotiations that marks the first [Read More…]

KLH49/Getty Images (NEW YORK) — Recession fears have mounted in recent weeks, as inflation continues to strain household budgets and the Federal Reserve appears set to raise interest rates and further slow the economy. As [Read More…]

David Ryder/Bloomberg via Getty Images (EVERETT, Wash.) — After 54 years of production, the most recognizable and iconic commercial aircraft is fading into the sunset as Boeing prepares to deliver its final 747 aircraft. Late [Read More…]

Jakub Porzycki/NurPhoto via Getty Images (AUSTIN) — Texas Gov. Greg Abbott directed state agencies on Wednesday to ban the use of social media platform TikTok on government-issued devices over concerns about how the China-owned app [Read More…]

Jason Marz/Getty Images (NEW YORK) — Ramesh “Sunny” Balwani, the former romantic partner of Elizabeth Holmes and president of disgraced blood testing company Theranos, was sentenced Wednesday to 155 months, or nearly 13 years, in [Read More…]

Karl Tapales/Getty Images (NEW YORK) — The latest social media trend to be sweeping people’s feeds is sharing virtual avatars generated through the Lensa AI app. Lensa, which has been around since 2018, lets users [Read More…]

David Paul Morris/Bloomberg via Getty Images (SAN JOSE, Calif.) — Ramesh “Sunny” Balwani, the former romantic partner of Elizabeth Holmes and president of disgraced blood testing company Theranos, is set to be sentenced on Wednesday. [Read More…]

manonallard/Getty Images (NEW YORK) — As the night before Christmas inches nearer, Santa Claus is being asked to make more and more appearances. But Santa Claus is getting harder to find. Mitch Allen, the founder [Read More…]

boonchai wedmakawand/Getty Images (NEW YORK) — ‘Tis the season for online scammers to steal your personal information. This year, scams are at an all-time high as more consumers turn to e-commerce for their holiday shopping. [Read More…]

Grace Cary/Getty Images (WASHINGTON) — Prices at the pump have plummeted over the past month but a dramatic move from the U.S. and allies meant to slash Russian oil revenue and cripple its war effort [Read More…]

Mike Stobe/Getty Images (NEW YORK) — Nike has severed ties with Brooklyn Nets guard Kyrie Irving following criticism for antisemitism. “Kyrie Irving is no longer a Nike athlete,” the company said in a statement to [Read More…]

Joe Raedle/Getty Images (NEW YORK) — Many Taylor Swift fans expressed outrage online over the presale ticket disaster, but now some of those fans are taking it a step further and claiming the ordeal was [Read More…]