ABC Business News

Michael Godek/Getty Images (NEW YORK) — The average price of a gallon of gas nationwide exceeded $5 on Thursday, crossing the milestone after a rapid rise over the past month that has alarmed public officials [Read More…]

JEFF KOWALSKY/AFP via Getty Images (NEW YORK) — Abbott and the Food and Drug Administration were alerted to a whistleblower complaint about Abbott’s Sturgis infant formula plant as far back as February 2021, ABC News [Read More…]

Rafael Henrique/SOPA Images/LightRocket via Getty Images (NEW YORK) — Representatives of the social media app Yubo said on Tuesday that the platform is adding new safety features and updating its usage guidelines following news that [Read More…]

Norberto Cuenca/Getty Images (NEW YORK) — Through the years, more and more brands have not only found ways to celebrate Pride Month, but to also give back in big, beautiful ways. This year is no [Read More…]

Old Navy (NEW YORK) — Old Navy’s 2022 Flag Tee collection is here, just in time for the Fourth of July. The retailer recently revealed its latest version of the popular T-shirts, and this year’s [Read More…]

Gabe Ginsberg/SOPA Images/LightRocket via Getty Images (NEW YORK) — The economic recovery from a pandemic-induced downturn has prompted a surge in worker pay, especially in some low-wage sectors like leisure and hospitality, leading to pronouncements [Read More…]

Chip Somodevilla/Getty Images (NEW YORK) — A mass shooting in Uvalde, Texas last week — which left 19 children and two teachers dead — has prompted outcry from figures across public life. President Joe Biden [Read More…]

Michael Nagle/Xinhua via Getty Images (NEW YORK) — Relief for American parents and families can’t come quick enough as the nationwide baby formula shortage persists. The crisis has continued, despite Abbott, one of the nation’s [Read More…]

Xavi Lopez/SOPA Images/LightRocket via Getty Images (NEW YORK) — Paramount Pictures was hit with a lawsuit Monday over the blockbuster hit, Top Gun: Maverick. The widow and son of Ehud Yonay, who wrote a 1983 [Read More…]

JGI/Jamie Grill/Getty Images (NEW YORK) — As rising prices continue to impact many across the country, some are turning to TikTok to learn budgeting strategies. “More and more people are interested in taking control of [Read More…]

Daniel Acker/Bloomberg via Getty Images (NEW YORK) — As a disturbing string of mass shootings focuses the public spotlight on gun violence, the embattled National Rifle Association appears to have suffered another year of diminished [Read More…]

David McNew/Getty Images (WASHINGTON) — The U.S. saw a slight slowdown in job growth in May, as the economy added 390,000 jobs and the unemployment rate remained at 3.6%, according to data released by the [Read More…]

Dyson (NEW YORK) — The next generation Dyson Airwrap has arrived. The Dyson Airwrap multi-styler combines everything you love from the 2018 version with some highly requested upgrades. “The advancements in the Dyson Airwrap multi-styler [Read More…]

Rafael Henrique/SOPA Images/LightRocket via Getty Images (NEW YORK) — If you’ve ever watched a culinary competition show and wished you could dig into the winning dish at home, that dream is finally a reality. Grubhub [Read More…]

Gotham/Getty Images (NEW YORK) — Kim Kardashian is back on the beauty scene with a brand new launch. The reality star and businesswoman will debut a line of skin care products, SKKN BY KIM, on [Read More…]

Kevin Dietsch/Getty Images, FILE (NEW YORK) — Sheryl Sandberg, the COO of Meta, Facebook’s parent company, announced Wednesday she is stepping down from her position with the company. She had held the role since 2008. [Read More…]

izusek/Getty images (NEW YORK) — With more travelers ready to take to the skies this season, the Transportation Security Administration predicts a summer of record-breaking proportions. According to the agency, it could screen more than [Read More…]

Michael Godek/Getty Images (NEW YORK) — The crackdown on Russian oil is helping push gas prices in the U.S. to record highs. For the first time ever, seven states — Alaska, California, Hawaii, Illinois, Nevada, [Read More…]

Joseph Okpako/WireImage (NEW YORK) — Top Gun: Maverick soared into history this Memorial Day weekend as more Americans headed back to theaters to watch the long-awaited sequel. The film raked in $156 million over the [Read More…]

LastLeaf (NEW YORK) — Todd English is the latest celebrity chef to embrace cooking with cannabis. The James Beard award-winning chef and restaurateur recently rolled out his cannabis-infused line of gourmet mac and cheese, the [Read More…]