ABC Business News

FREDERIC J. BROWN/AFP via Getty Images (WASHINGTON) — President Joe Biden’s administration this week took necessary — if incremental — steps to address the lack of affordable housing across the country, advocates and experts say. [Read More…]

Michael Godek/Getty Images (NEW YORK) — With Memorial Day weekend around the corner, many Americans will likely hit the road to enjoy the unofficial start of summer. But that road trip will cost them as [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — Stock futures are down ahead of Thursday’s opening bell after Wall Street suffered its worst day in nearly two years. On Wednesday, the Dow Jones Industrial Average dropped 1,165 [Read More…]

Bite Beauty/ABC News Photo Illustration (NEW YORK) — Sad news for Bite Beauty lovers: The brand has officially announced it is shutting down operations after 10 years in business. The clean beauty brand is beloved [Read More…]

Hollie Adams/Bloomberg via Getty Images (BUFFALO, N.Y.) — The 18-year-old suspect who allegedly gunned down 10 people in a mass shooting at a supermarket in Buffalo, New York, on Saturday had, authorities say, an assault-style [Read More…]

Drew Angerer/Getty Images, FILE (NEW YORK) — Martin Shkreli, who was derided with the nickname “Pharma Bro” after he hiked the price of a lifesaving drug, and who flaunted his pricey purchase of a one-of-a-kind [Read More…]

Sean Justice/Getty Images (NEW YORK) — It’s almost hard to believe that we’re approaching the summer of 2022 — but we’re here for it. To kick off the summer, many brands are offering major deals [Read More…]

FDA (NEW YORK) — The maker of Skittles, Starburst and Life Savers gummies announced a voluntary recall over the possible “presence of a very thin metal strand embedded in the gummies or loose in the [Read More…]

Scott Olson/Getty Images (BUFFALO, N.Y.) — In the wake of a mass shooting at a supermarket in Buffalo, New York, organizations are rallying to support the local community and ensure residents have access to affordable [Read More…]

discan/Getty Images (NEW YORK) — It’s almost hard to believe that we’re approaching the summer of 2022 — but we’re here for it. To kick off the summer, many brands are offering major deals and [Read More…]

JIM WATSON/AFP via Getty Images (WASHINGTON) — FDA Commissioner Dr. Robert Califf said the Food and Drug Administration is finalizing a plan to import more baby formula to the U.S. amid a nationwide baby formula [Read More…]

ermingut/Getty Images (NEW YORK) — After more than 30 years in the country, McDonald’s announced on Monday it is pulling its golden arches from Russia. The fast food chain said it is exiting the Russian [Read More…]

Patrick Pleul/picture alliance via Getty Images (NEW YORK) — Tesla CEO Elon Musk’s $44 billion bid to purchase Twitter struck an unexpected roadblock early Friday morning when he tweeted that he had put the deal “temporarily [Read More…]

Paul Hennessy/SOPA Images/LightRocket via Getty Images (WASHINGTON) — The House Oversight Committee is launching an investigation into the nationwide shortage of baby formula, and demanding records and information from four of the largest manufacturers. “The [Read More…]

Rod Lamkey-Pool/Getty Images (WASHINGTON) — Sen. Michael Bennet on Thursday introduced a bill that would create a federal watchdog for the oversight of Big Tech companies, empowering the new agency to address controversial issues like algorithm [Read More…]

Bloomberg Creative Photos/Getty Images (NEW YORK) — Companies like British American Tobacco and Philip Morris International don’t typically come to mind as environmental stewards. But a new report from the World Health Organization and STOP, [Read More…]

AlasdairJames/Getty Images (NEW YORK) — Following an internal investigation, Abbott Nutrition said it will resume production of Similac, Alimentum and EleCare baby formulas once the Food and Drug Administration gives the company the green light. [Read More…]

Tetra Images/Getty Images (WASHINGTON) — Inflation eased slightly last month, according to the latest figures released Wednesday by the Labor Department. The Consumer Price Index rose 8.3% in April compared to the same time period [Read More…]

Pepperidge Farm (NEW YORK) — For snack purists, original Goldfish may be the perfect poppable bite, but for those in search of something bolder than cheddar or parmesan, there’s a new line that adds a [Read More…]

Magnolia Bakery (NEW YORK) — Even if you’re not from Manhattan, chances are you’ve heard of, dreamt of or perhaps planned a visit to taste a scoop of Magnolia Bakery’s luscious, creamy, sweet banana pudding. [Read More…]