ABC Business News

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…]

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…]