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ABC Business News
Inflation report to be released Thursday expected to show slight uptick in November
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. (Chip Somodevilla/Getty Images) (WASHINGTON) — An inflation [Read More…]
Warner Bros. board tells shareholders to reject Paramount offer in favor of Netflix
In this photo illustration a man holds a iPhone, that shows Netflix, Warner Bros and Paramount streaming apps on his phone screen on December 9, 2025 in Bristol, England. (Anna Barclay/Getty Images) (NEW YORK) — [Read More…]
Disney to invest $1 billion in OpenAI, permit use of characters on AI video generator
In this photo illustration, a silhouetted individual is seen holding a mobile phone with a Sora of ChatGPT OpenAI logo displayed in the background. (Photo Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images) (NEW YORK) [Read More…]
Bids for Warner Bros. Discovery face uncertain Trump approval process, some experts say
David Ellison, chairman and chief executive officer of Paramount Skydance Corp., center, outside the New York Stock Exchange (NYSE) in New York, US, on Monday, Dec. 8, 2025. (Michael Nagle/Bloomberg via Getty Images) (NEW YORK) [Read More…]
Divided Fed set to announce decision on interest rates
The Federal Reserve logo is visible on the William McChesney Martin Jr. Building on December 9, 2025 in Washington, DC. (Andrew Harnik/Getty Images) (WASHINGTON) — The Federal Reserve is set to announce its latest adjustment [Read More…]
Netflix to acquire Warner Bros. studio and streaming business for $72 billion
NEW YORK (AP) — Netflix has struck a deal with Warner Bros. Discovery to buy the legacy Hollywood giant’s studio and streaming business for $72 billion. The acquisition, announced Friday, would bring two of the [Read More…]
Will AI ever make big profits? Experts weigh in as bubble fears loom
Kent Nishimura/Bloomberg via Getty Image (NEW YORK) — Fears of an artificial intelligence bubble have rattled the stock market in recent weeks and set off concern among critics about a wider risk to the U.S. [Read More…]
Black Friday online shopping expected to hit record high, data shows
Ian Forsyth/Getty Images (NEW YORK) — Online shoppers set a record high on Thanksgiving, paving the way for gangbusters performance on Black Friday, Adobe data showed. Digital spending on Thanksgiving jumped 5% from a year [Read More…]
Gas prices near lowest level in 4 years ahead of Thanksgiving
Michael Godek/Getty Images (NEW YORK) — Gas prices stand close to their lowest level in four years as tens of millions of people prepare to travel over the Thanksgiving holiday. The national average for a [Read More…]
Nvidia defies AI bubble fears but some analysts remain worried
Win McNamee/Getty Images (NEW YORK) — Blockbuster earnings from chip giant Nvidia this week appeared to rebuke concerns about an artificial-intelligence bubble, briefly ending a days-long slump in the stock market. “It’s fair to say [Read More…]
Stocks move lower, erasing morning rally driven by Nvidia earnings
Javier Ghersi/Getty Images (NEW YORK) — Stocks ticked downward in midday trading on Thursday, wiping out a rally earlier in the day driven by blockbuster earnings from chip giant Nvidia and a stronger-than-expected jobs report. The Dow Jones [Read More…]
Jobs report blows past expectations, defying hiring slowdown
Alex Wong/Getty Images (NEW YORK) — Employers hired far more workers than expected in September, defying a sharp slowdown over the summer that appeared to cool off the labor market. The U.S. added 119,000 jobs [Read More…]
Long-delayed jobs report to show hiring amid wobbly economy
Alex Wong/Getty Images (NEW YORK) — A long-awaited jobs report to be released on Thursday will offer the latest look at the health of the labor market at a fraught moment for the U.S. economy. [Read More…]
Chip giant Nvidia beats revenue expectations, rebuking warnings of an AI bubble
The NVIDIA logo is displayed on a mobile phone with the company branding visible in the background. Jonathan Raa/NurPhoto via Getty Images (NEW YORK) — Chip giant Nvidia exceeded Wall Street expectations for revenue over [Read More…]
Nvidia earnings captivate investors as fears of AI bubble grow
The NVIDIA logo is displayed on a mobile phone with the company branding visible in the background. Jonathan Raa/NurPhoto via Getty Images (NEW YORK) — Financial results to be released on Wednesday by chipmaking-giant Nvidia will be [Read More…]
Outage at Cloudflare temporarily disrupts access to some popular websites
The Cloudflare logo appears on a smartphone screen and as the background on a laptop computer screen in this photo illustration in Athens, Greece, on October 31, 2025. (Photo by Nikolas Kokovlis/NurPhoto via Getty Images) [Read More…]
Outage at Cloudflare disrupts access to some popular websites
The Cloudflare logo appears on a smartphone screen and as the background on a laptop computer screen in this photo illustration in Athens, Greece, on October 31, 2025. (Photo by Nikolas Kokovlis/NurPhoto via Getty Images) [Read More…]
Cash price for popular weight loss drug Wegovy dropping 30% Monday, manufacturer says
Injection pens for the weight-loss treatment Wegovy, manufactured by Novo Nordisk A/S, on display during a news conference in Mumbai, India, on Tuesday, June 24, 2025.(Photographer: Dhiraj Singh/Bloomberg via Getty Images) (NEW YORK) — The [Read More…]
Will the rich leave New York City after Mamdani takes office? Experts weigh in
Stephanie Keith/Getty Images (NEW YORK) — New York City Mayor-elect Zohran Mamdani, a democratic socialist who says he wants to hike taxes on the rich, set off alarm among some critics about a potential exodus [Read More…]
Starbucks workers strike nationwide in ‘Red Cup rebellion,’ union says
Hyoung Chang/The Denver Post (NEW YORK) — Starbucks baristas are set to walk off the job in dozens of U.S. cities on Thursday, aiming to galvanize public support and pressure the company on “Red Cup [Read More…]