ABC Business News

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…]

lechatnoir/Getty Images (NEW YORK) — With inflation and higher prices across industries, many people are closely examining how to save or make their dollars stretch further. Fashion isn’t exempt from the conversation, and part of [Read More…]

moodboard/Getty Images (NEW YORK) — The Federal Reserve’s string of interest rate hikes this year has thrown cold water on the once red-hot housing market. Existing home sales fell for the seventh straight month in [Read More…]

Tetra Images/Getty Images (NEW YORK) — Heating costs for the upcoming winter season are expected to increase by 17%, mainly impacting lower-income families, according to a new report from National Energy Assistance Directors Association. Costs [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve instituted a dramatic interest rate hike on Wednesday, the latest in a series of borrowing cost increases, as the central bank tries to dial back near-historic inflation [Read More…]

Alex Wong/Getty Images (WASHINGTON) — Chief executives at some of the largest U.S. banks sounded the alarm over sky-high inflation in testimony before Congress on Wednesday, warning that price hikes would require further borrowing cost [Read More…]

Robert Alexander/Getty Images (NEW YORK) — For 20 years, Donald Trump and his family enriched themselves through “numerous acts of fraud and misrepresentations,” New York Attorney General Letitia James alleges in a new lawsuit that [Read More…]

Phillip Spears/Getty Images (NEW YORK) — For Emily and Michael Brown, the Federal Reserve’s rate hikes hit close to home. The Browns had been renting a two-bedroom apartment in Washington, D.C., when their now-6-month-old daughter [Read More…]

Marko Geber/Getty Images (NEW YORK) — The wage gap that sees Black women earning less than white, non-Hispanic men can cost them as much as $2,000 per month, $23,000 per year and more than $900,000 [Read More…]

Lance Nelson/Getty Images (NEW YORK) — Wall Street will watch closely on Wednesday as the Federal Reserve is expected to escalate its fight against inflation with a dramatic interest rate hike. The move would come [Read More…]

Tetra Images/Getty Images (WASHINGTON) — A hotter-than-expected inflation report last week dispelled hopes of relief for strained households and rekindled questions about U.S. policy for fighting sky-high prices. The Federal Reserve has instituted a series [Read More…]

Gipsy Rodriguez (NEW YORK) — Sisters Gipsy and Gelssy Rodriguez of Anaheim, California, are the social media powerhouses behind their parents’ popular quinceañera dress shop, Moda2000. The store boasts more than 3.3 million followers on [Read More…]

Kevin Mazur/Getty Images for Nordstrom (NEW YORK) — “Guys, these are the most comfortable bras you will ever wear,” Kim Kardashian said while giving the world a glimpse of her shapewear brand’s latest launch. The [Read More…]

Liverpool Los Angeles (NEW YORK) — Fashion influencer Caitlin Covington has become a go-to for everyday outfit inspiration, with more than one million followers on Instagram. Now, Covington has teamed up with apparel brand Liverpool [Read More…]

Gilbert Carrasquillo/GC Images (NEW YORK) — After two years, Kanye West is prematurely planning to cut ties between his Yeezy brand and Gap. The Grammy-winning artists’ attorneys notified Gap Thursday that YEEZY LLC would be [Read More…]

Florian Roden / EyeEm/Getty Images (NEW YORK) — American railway companies and unions have reached a tentative labor agreement amid the threat of strikes. U.S. Secretary of Labor Marty Walsh announced the news on Twitter [Read More…]

Rizos Curls, Melt Cosmetics, Nue, Second Wind (NEW YORK) — It’s Hispanic Latinx Heritage Month, and an amazing way to celebrate this beloved culture is by supporting and amplifying brands owned by Hispanic and Latinx [Read More…]

Courtesy of Old Navy (NEW YORK) — As we come upon another Latinx Heritage Month, Old Navy is rolling out another empowering partnership. In collaboration with the 15 Percent Pledge, a nonprofit organization that holds [Read More…]

APU GOMES/AFP/Getty Images (WASHINGTON) — Americans may be getting some relief at the gas pump, but they are not finding that relief at the grocery store. Gasoline prices nationwide are down 10.6% from their record [Read More…]