ABC Business News

Michael Godek/Getty Images (NEW YORK) — An alliance of oil-producing countries on Wednesday announced a dramatic cut in oil output with major implications for U.S. gas prices, industry analysts told ABC News. The group of [Read More…]

Craig Hastings/Getty Images (NEW YORK) — The Thanksgiving and Christmas holidays are shaping up to be the most expensive for travelers in recent years, and experts say the clock is ticking to find last minute [Read More…]

Nitat Termmee/Getty Images (NEW YORK) — A surge of women in the manufacturing industry in recent years has punctured the stereotypes of who is working in American factories, data shows. During the 2010s, the share [Read More…]

ABC News (NEW YORK) — As American families face mounting food prices amid rising inflation, fast food companies like McDonald’s are looking for more ways to add value. “The impact of inflation is really challenging; [Read More…]

jayk7/Getty Images (WASHINGTON) — Within days, millions of Americans are expected to be able to take their first steps to cancel up to $20,000 in debt under President Joe Biden’s federal student loan forgiveness program [Read More…]

Denise Baldwin (NEW YORK) — Getting a foot in the door at a company is a huge step for any job seeker. And one woman’s clever concept involving a cross-country pastry ploy quickly went viral [Read More…]

Ricardo Arduengo/AFP via Getty Images (NEW YORK) — Hurricane Ian flooded cities and devastated homes across Florida and coastal South Carolina, leaving destruction in its wake. Search-and-rescue missions are ongoing as the death toll climbed [Read More…]

Chevrolet (PITTSBURGH) — Tadge Juechter has spent nearly 30 years perfecting every generation of the Corvette. With the Z06, the latest Corvette to roll off the assembly line in Kentucky, he and his team of [Read More…]

Ricardo Arduengo/AFP via Getty Images (NEW YORK) — Hurricane Ian flooded major cities and devastated homes after it made landfall in Florida — but the damage isn’t done. After temporarily becoming a tropical storm, Hurricane [Read More…]

Juanmonino/Getty Images (NEW YORK) — The centerpiece for Thanksgiving tables across the country will cost more than ever this holiday season. The American Farm Bureau Federation announced Wednesday that “families can expect to pay record [Read More…]

Franz Marc Frei/Getty Images (NEW YORK) — Fleeing Hurricane Ian, Kallie Collins, her fiance and four of her children flew out of Tampa Bay on Tuesday hours before the airport halted flights. However, her fifth [Read More…]

Eva Marie Uzcategui/Bloomberg via Getty Images (NEW YORK) — Hurricane Ian could cripple Florida’s already-fragile homeowners insurance market. Experts say a major storm like Ian could push some of those insurance companies into insolvency, making [Read More…]

Tetra Images/Getty Images (NEW YORK) — As elevated prices for oil and gas strain U.S. households, the country faces a weather event that some fear will send the costs of these essentials even higher: Hurricane [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — A year of sharp declines for the stock market reversed over the summer, giving stocks a much-needed rebound. But a bout of deep losses across the major stock indices [Read More…]

Smith Collection/Gado via Getty Images, FILE (NEW YORK) — If you grew up in a household with a Costco membership, chances are you can instantly recall sampling everything from spinach- and cheese-filled ravioli to electrolyte [Read More…]

Oscar Wong/Getty Images (NEW YORK) — U.S. consumer confidence rose more than expected this month, extending a rebound in sentiment that began with a jump in August. The growing confidence in the U.S. economy defies [Read More…]

NurPhoto via Getty Images (NEW YORK) — Amazon has announced a second Prime event happening next month, just ahead of the busy holiday season. The retail giant has introduced Amazon Prime’s early access sale which [Read More…]

Pay Our Interns (NEW YORK) — On hot days, some over 100 degrees, workers spend hours harvesting fruits and vegetables for very little money — produce that ends up on kitchen tables of people across [Read More…]

courtneyk/Getty Images (WASHINGTON) — The Federal Reserve escalated its fight against inflation this week, instituting a major rate increase and saying more will likely follow. The moves will cause a jump in the number of [Read More…]

Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — If there was any doubt about where outdoor clothing company Patagonia stood on environmentalism, it was quickly put to rest last week when founder Yvon Chouinard and [Read More…]