ABC Business News

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…]

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…]