ABC Business News

Anton Petrus/Getty Images (WASHINGTON) — The U.S. economy shrank 0.9% in the second quarter of this year, the Commerce Department reported Thursday morning, marking the second quarter in a row that the nation’s gross domestic [Read More…]

Nipitpon Singad / EyeEm/Getty Images (NEW YORK) — New grants, technology enhancements and partnerships are helping grocers and shoppers who rely on the Supplemental Nutrition Assistance Program (SNAP) to get more access to more places [Read More…]

5./15 WEST/Getty Images (NEW YORK) — A TikTok account with more than 17 million followers has sparked a discussion about children’s privacy and safety online. The mom behind the popular TikTok shares photos and videos [Read More…]

Courtesy Seth Goshorn (NEW YORK) — A former teacher in northeast Ohio is opening up about why he walked away from years of teaching to go work at Walmart. Seth Goshorn decided to share his [Read More…]

Patrick T. Fallon/AFP via Getty Images, FILE (WASHINGTON) — Leading gun manufacturing executives testified Wednesday before a House panel investigating the role of the firearms industry in the nation’s high rates of gun violence, maintaining [Read More…]

Patrick T. Fallon/AFP via Getty Images, FILE (WASHINGTON) — Leading gun manufacturing executives testified Wednesday morning before a House panel investigating the role of the firearms industry in the nation’s high rates of gun violence, [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — Economists expect a major rate hike from the Federal Reserve on Wednesday, the latest in a series of borrowing cost increases as the central bank tries to slash near-historic inflation [Read More…]

Gabby Jones/Bloomberg via Getty Images (NEW YORK) — Instagram is accused in two new lawsuits of spurring eating disorders and mental health problems ranging from anxiety and depression to addiction and suicide attempts in teenage [Read More…]

Lululemon (NEW YORK) — Lululemon is back at it again with another sneaker designed just for women. The athletic company launched its first footwear collection back in March with a running shoe and recovery slide. [Read More…]

JulNichols/Getty Images (NEW YORK) — Think of a capsule pantry as you would a capsule wardrobe: a variety of staple items to mix and match that can create a completely fresh, easy-to-assemble final product. A [Read More…]

youngvet/Getty Images, FILE (NEW YORK) — This is one mega grand prize. The estimated jackpot for Friday night’s Mega Millions drawing is now $660 million — making it the game’s third-largest prize ever. At that [Read More…]

SimpleImages/Getty Images (NEW YORK) — It’s been a pressure cooker of a summer for economies in both the U.S. and Europe, and experts say the extreme heat is making it increasingly difficult for workers to [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — As recession forecasts have grown dire in recent months, they’ve faced one complication: Strong economic data. The U.S. showed robust job growth last month, defying expectations of a slowdown [Read More…]

ABC News (NEW YORK) — Even near some of the busiest cities in the United States, nearly 54 million people have a tough time accessing fresh and healthy food, according to the United States Department [Read More…]

Catherine McQueen/Getty Images (NEW YORK) — Are you looking for ways to take control of your budget or save for the future? According to a viral hashtag with more than 376 million views on TikTok, [Read More…]

Courtesy the Arroyo family (NEW YORK) — A Wisconsin family is suing TikTok after their 9-year-old daughter died attempting the so-called “blackout challenge” popularized on social media. Arriani Jaileen Arroyo died by asphyxiation on Feb. [Read More…]

Trader Joe’s (NEW YORK) — Trader Joe’s announced this week that it is recalling its popular soft-baked snickerdoodle cookies, citing possible plastic contamination. “We have been alerted by our supplier of Trader Joe’s Soft-Baked Snickerdoodles [Read More…]

kokkai/Getty Images (NEW YORK) — It’s 2022, and Victoria’s Secret is coming in hot with its first fine fragrance in five years. “Bare,” the brand’s latest scent, launched this week. According to the company, “Bare” [Read More…]

KLH49/Getty Images (WASHINGTON) — The number of Americans applying for unemployment benefits for the first time reached its highest rate in eight months last week, the Labor Department reported Thursday.  Applications reached 251,000 for the [Read More…]

bymuratdeniz/Getty Images (NEW YORK) — As prices for goods are on the rise, there has been a debate over how much control consumers have at the cash register. Some economists, like Rakeen Mabud of the [Read More…]