ABC Business News

Chip Somodevilla/Getty Images (WASHINGTON) — The Federal Reserve on Wednesday will set the level of its benchmark interest rate, adjusting a major policy lever for the first time since a government shutdown sharply restricted the [Read More…]

Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas, Dec. 3, 2024, in Las Vegas. (Noah Berger/Getty Images) (NEW [Read More…]

Stefan Rousseau – Pool/Getty Images (NEW YORK) — Prices for home appliances, cars and auto parts could be impacted by President Donald Trump’s decision overnight to end trade talks between the U.S. and Canada, some [Read More…]

Stock image of a social security card alongside US dollars. (Tetra Images/STOCK PHOTO/Getty Images) (NEW YORK) — Social security benefits will rise 2.8% starting in January, amounting to an additional $56 per month for 75 [Read More…]

Vegetables on display in a grocery store, August 15, 2025 in Delray Beach, Florida. (Joe Raedle/Getty Images) (NEW YORK) — Consumer prices rose 3% in September compared to a year ago, extending a monthslong uptick [Read More…]

Joe Raedle/Getty Images (NEW YORK) — Car buyers may face elevated prices and a shortage of some vehicles due to a supply chain snarled by tariffs and challenges accessing crucial materials, some industry experts told [Read More…]

Justin Sullivan/Getty Images (NEW YORK) — With new tariffs taking effect Tuesday on furniture and lumber, an analysis released by Goldman Sachs finds American consumers are paying for more than half of the cost of [Read More…]

Oscar Wong/Getty Images (NEW YORK) — Consumer sentiment soured in October as a government shutdown threatens to weaken a wobbly economy beset by an uptick in inflation and a sharp slowdown of hiring, fresh data on Friday [Read More…]

Andrew Harnik/Getty Images (WASHINGTON) — The government shutdown halted the release of key economic data, choking off the flow of information as some experts warn the economy may be slipping toward a recession, some economists [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — Stocks closed higher on Wednesday, just hours after a government shutdown began, defying fears among some observers about the economic risk posed by a potentially prolonged impasse. The Dow Jones Industrial Average jumped [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — Stocks ticked higher in midday trading on Wednesday, just hours after a government shutdown began, defying fears among some observers about the economic risk posed by a potentially prolonged impasse. The Dow Jones [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — Stocks dropped in early trading on Wednesday, just hours after a government shutdown began, shuttering some government services and complicating a delicate moment for the nation’s economy. The Dow [Read More…]

U.S. President Donald Trump speaks during a bilateral meeting with President of Ukraine Volodymyr Zelensky at the 80th session of the UN’s General Assembly (UNGA) at the United Nations headquarters on September 23, 2025 in [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — The U.S. economy expanded significantly more than initially estimated over a recent three-month period, suggesting robust growth despite uncertainty set off by President Donald Trump’s tariff policy, federal government data on Thursday showed. [Read More…]

A close-up of a Starbucks coffee shop sign on September 8, 2025 in Cardiff, Wales. (Photo by Matthew Horwood/Getty Images) (NEW YORK) — Coffee giant Starbucks will lay off workers and close stores as part [Read More…]

Construction continues on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System on September 16, 2025 in Washington, DC. (Kevin Dietsch/Getty Images) (WASHINGTON) [Read More…]

Kevin Dietsch/Getty Images (NEW YORK) — The Federal Reserve cut its benchmark interest rate a quarter of a percentage point on Wednesday, opting for its first interest rate cut this year in an effort to [Read More…]

Kevin Dietsch/Getty Images (NEW YORK) — The Federal Reserve on Wednesday is set to unveil its latest decision on the level of interest rates, hoping to guide the economy through a topsy-turvy stretch of slow [Read More…]

Chip Somodevilla/Getty Images (WASHINGTON) — Twelve policymakers at the Federal Reserve are set to take a high-stakes vote this week on the nation’s benchmark interest rate, attempting to steer the economy through a stormy bout [Read More…]

moodboard/Getty Images (NEW YORK) — Mortgage rates have fallen rapidly in recent months, offering homebuyers an opportunity for some borrowing relief if they move ahead with the big-ticket purchase. The average interest rate on a [Read More…]