ABC Business News

Lance Nelson/Getty Images (NEW YORK) — Wall Street will watch closely on Wednesday as the Federal Reserve is expected to escalate its fight against inflation with a dramatic interest rate hike. The move would come [Read More…]

Tetra Images/Getty Images (WASHINGTON) — A hotter-than-expected inflation report last week dispelled hopes of relief for strained households and rekindled questions about U.S. policy for fighting sky-high prices. The Federal Reserve has instituted a series [Read More…]

Gipsy Rodriguez (NEW YORK) — Sisters Gipsy and Gelssy Rodriguez of Anaheim, California, are the social media powerhouses behind their parents’ popular quinceañera dress shop, Moda2000. The store boasts more than 3.3 million followers on [Read More…]

Kevin Mazur/Getty Images for Nordstrom (NEW YORK) — “Guys, these are the most comfortable bras you will ever wear,” Kim Kardashian said while giving the world a glimpse of her shapewear brand’s latest launch. The [Read More…]

Liverpool Los Angeles (NEW YORK) — Fashion influencer Caitlin Covington has become a go-to for everyday outfit inspiration, with more than one million followers on Instagram. Now, Covington has teamed up with apparel brand Liverpool [Read More…]

Gilbert Carrasquillo/GC Images (NEW YORK) — After two years, Kanye West is prematurely planning to cut ties between his Yeezy brand and Gap. The Grammy-winning artists’ attorneys notified Gap Thursday that YEEZY LLC would be [Read More…]

Florian Roden / EyeEm/Getty Images (NEW YORK) — American railway companies and unions have reached a tentative labor agreement amid the threat of strikes. U.S. Secretary of Labor Marty Walsh announced the news on Twitter [Read More…]

Rizos Curls, Melt Cosmetics, Nue, Second Wind (NEW YORK) — It’s Hispanic Latinx Heritage Month, and an amazing way to celebrate this beloved culture is by supporting and amplifying brands owned by Hispanic and Latinx [Read More…]

Courtesy of Old Navy (NEW YORK) — As we come upon another Latinx Heritage Month, Old Navy is rolling out another empowering partnership. In collaboration with the 15 Percent Pledge, a nonprofit organization that holds [Read More…]

APU GOMES/AFP/Getty Images (WASHINGTON) — Americans may be getting some relief at the gas pump, but they are not finding that relief at the grocery store. Gasoline prices nationwide are down 10.6% from their record [Read More…]

Brandon Bell/Getty Images (NEW YORK) — As freight railroads and their unions continue to feel pressure from the White House, businesses and other stakeholders to reach an agreement before a potential strike, economic experts say [Read More…]

JohnFScott/Getty Images (NEW YORK) — PepsiCo Inc. is recalling hundreds of Starbucks espresso bottles that were sold in a handful of states due to possible contamination of metal particles, the U.S. Food and Drug Administration [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — A hotter-than-expected inflation report on Tuesday sent the stock market tumbling. The Dow Jones Industrial Average fell more than 1,200 points, which amounted to a nearly 4% drop, making [Read More…]

Justin Sullivan/Getty Images (NEW YORK) — A gunman in Aurora, Colorado, who killed 12 people in a mass shooting at a movie theater, in 2012, legally acquired weapons and ammunition using a credit card. So [Read More…]

Kevin Dietsch/Getty Images (WASHINGTON) — A whistleblower on Tuesday detailed a slate of explosive allegations against Twitter to congressional lawmakers, describing what he said were widespread security failures and vulnerabilities at the popular social media [Read More…]

Thomas Winz/Getty Images (NEW YORK) — Americans are finally starting to see the red-hot rental market begin to cool off, after record growth. A combination of strong demand, low supply and high inflation have kept [Read More…]

Beata Zawrzel/NurPhoto via Getty Images (NEW YORK) — New York City is suing Starbucks over allegations the coffee corporation unlawfully fired a Queens barista who had been involved in unionization efforts, a city agency announced [Read More…]

Catherine McQueen/Getty Images (WASHINGTON) — U.S. hiring slowed from its breakneck pace but remained robust in August, with the economy adding 315,000 jobs and the unemployment rate rising to 3.7%, according to data released by [Read More…]

Tim Graham/Getty Images (JACKSON, Miss.) — When the water stopped running at her restaurant in Jackson, Mississippi, on Monday afternoon, Tanya Burns was preparing for a private event set to begin about one hour later. [Read More…]

aimintang/Getty Images (NEW YORK) — Caffeine is essential for school teachers and staff transitioning back to the classroom. Thankfully, Wawa is here to help. Starting Sept. 1, the popular convenience store chain is bringing back [Read More…]