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ABC Business News

Why gas prices are continuing to hit record highs
Grace Cary/Getty Images (NEW YORK) — As car travelers embark on trips over Memorial Day weekend, gas prices may shock them — even if they went to the pump just a few weeks ago. The [Read More…]

At Delta Air Lines, Memorial Day weekend kicks off the busy summer travel season
Artur Widak/NurPhoto via Getty Images (NEW YORK) — The kickoff for the summer travel season is in full swing, as millions of travelers take to the roads and the skies for Memorial Day weekend. Over [Read More…]

Yubo explained and why it has emerged as part of Uvalde shooting probe
Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images (NEW YORK) — Described by its inventors as a “social live-streaming platform” that allows its mostly teenage users to make friends worldwide, join communities and even find [Read More…]

Donald Trump must testify under oath in civil investigation, judges rule
Chip Somodevilla/Getty Images (NEW YORK) — Former President Donald Trump and two of his adult children must sit for a deposition as part of the New York attorney general’s civil investigation into how the family [Read More…]

How to save money on gas as prices continue to climb
Tom Merton/Getty Images (NEW YORK) — The price for a gallon of gas continues to surge. As of Thursday morning, AAA said it costs an average of $4.60 for a gallon of gas, meaning filling [Read More…]

Amazon opens its first clothing store in Los Angeles
boschettophotography/Getty Images (LOS ANGELES) — Amazon has expanded in many ways throughout the years, and now the e-commerce giant has launched a brick-and-mortar clothing store. The Amazon Style fashion retail space has opened at The [Read More…]

Zola accounts hacked, some report money being stolen
Carol Yepes/Getty Images (NEW YORK) — Zola, the online wedding planning and registry site, was hacked over the weekend, the company said in a statement Monday evening. “Over the weekend, our site & apps came [Read More…]

Reebok launches new adaptive footwear line with Zappos
Courtesy of Reebok (NEW YORK) — Everyone deserves a shoe that’s functional, fashionable and inclusive. Reebok’s latest release embodies all three. The athletic brand has partnered with online shoe retailer Zappos to release brand new [Read More…]

Exxon Mobil must face environmental allegations, court rules
David Paul Morris/Bloomberg via Getty Images (NEW YORK) — The highest court in Massachusetts ruled Tuesday the state attorney general can pursue a civil lawsuit that accused Exxon Mobil of misleading investors about its products [Read More…]

Coca-Cola unveils new bottles with attached caps in the UK
Coca Cola Great Britain (NEW YORK) — New Coke bottles have started appearing in the U.K. as the popular soda brand continues on its path toward more sustainable packaging. “As part of Coca-Cola’s journey towards [Read More…]

‘Bear market’ and ‘recession’ are back in the conversation. What they mean and why they matter.
Jeenah Moon/Getty Images (NEW YORK) — Lately, the stock market has taken a thrashing. The Nasdaq and S&P 500 have each fallen for seven consecutive weeks. The Dow Jones Industrial Average has fared even worse, [Read More…]

How the US ran out of baby formula
SAMUEL CORUM/AFP via Getty Images (NEW YORK) — A baby formula shortage has escalated in recent months from a product recall to a national crisis, prompting emergency responses from business leaders and White House officials. [Read More…]

Gas prices hit new high ahead of Memorial Day weekend
Michael Godek/Getty Images (NEW YORK) — As tens of millions of Americans prepare to hit the road for the holiday weekend, gas prices are continuing to soar. Across all 50 states, gas prices are above [Read More…]

DC attorney general sues Mark Zuckerberg over Cambridge Analytica data breach
George Frey/Bloomberg via Getty Images (WASHINGTON) — Washington, D.C., Attorney General Karl Racine has sued Meta CEO Mark Zuckerberg for allegedly failing to protect consumer data following the Cambridge Analytica data leak. “The evidence shows [Read More…]

‘We’re sorry’: Abbott CEO addresses baby formula crisis in new op-ed
Gado/Getty Images (NEW YORK) — The head of one of the country’s largest manufacturers of baby formula expressed remorse at his company’s role in the nationwide shortage — and announced a multimillion-dollar fund to help [Read More…]

The student debt gender gap: Women burdened more by debt call for systemic changes
Chuck Savage/Getty Images (NEW YORK) — In the coming weeks, thousands of graduates will walk across a stage to receive their college diploma. When they leave the stage, they will have not only a degree [Read More…]

Amazon, Starbucks among corporations bolstering abortion coverage
JohnFScott/Getty Images (NEW YORK) — Advocates on both sides of the political fight over reproductive rights have spoken out, either in protest or applause of a draft Supreme Court opinion leaked earlier this month that, [Read More…]

Walmart shares details on discounts for Walmart+ Weekend
Steve Heap/Getty Images (NEW YORK) — Walmart this week announced an upcoming one-weekend-only exclusive online sale for Walmart+ members. Walmart+ Weekend is set to run June 2 – 5 and will offer deep discounts on [Read More…]

Wall Street suffers more losses as investors worry inflation catching up with consumers
Spencer Platt/Getty Images (NEW YORK) — It was another volatile day on Wall Street as investors worry that high inflation may finally be catching up with consumers. The Dow Jones Industrial Average lost 236 points, one [Read More…]

Ford urges some of its SUVs to be parked outside over fire risks
Artur Widak/NurPhoto via Getty Images (NEW YORK) — Ford is urging owners of 2021 Ford Expeditions and Lincoln Navigators to park their vehicles outside and away from any structures due to a fire risk, the National [Read More…]