ABC Business News

Krisztian Bocsi/Bloomberg via Getty Images (NEW YORK) — In an increasingly digitized world, almost no industry has been left unscathed by the global shortage of electronic chips. Demand for these dime-sized building blocks needed to [Read More…]

ABC News (PITTSBURGH) — A once-dormant power plant is humming with activity outside Pittsburgh as thousands of miners work 24 hours a day. The miners at this site aren’t people, but supercomputers running complex math [Read More…]

iStock/jetcityimage (NEW YORK) — Tesla filed a counterclaim against JPMorgan Chase Monday, the latest salvo in an ongoing battle between the electric automaker and the country’s biggest bank. The lawsuit accused JPMorgan of filing “cynical [Read More…]

iStock (NEW YORK) — Amid a global chip shortage that has been exacerbated by the COVID-19 pandemic, Intel announced Friday that it will invest more than $20 billion in two new chip factories in Ohio. [Read More…]

Rafael Henrique/SOPA Images/LightRocket via Getty Images (NEW YORK) — A small handful of Instagram content creators can now directly charge followers a monthly subscription fee for exclusive content and benefits in the latest shakeup to [Read More…]

Chris Ratcliff/Bloomberg via Getty Images (LOS ANGELES) — Amazon has expanded in many ways throughout the years, and now the e-commerce giant is launching a brick-and-mortar clothing store. The company announced Thursday that its Amazon [Read More…]

Alexander Spatari/Getty Images (WASHINGTON) — Cybercriminals could use altered Quick Response (QR) codes to steal personal and financial information of unsuspecting customers, the FBI warns. QR codes are all around us these days, and they’re [Read More…]

Elijah Nouvelage/Getty Images (WASHINGTON) — The House select committee investigating the Capitol attack requested on Thursday that Ivanka Trump cooperate with its investigation and asked her to testify regarding conversations with her father, former President [Read More…]

Lao Chengyue/Xinhua via Getty Images (NEW YORK) — Exxon Mobil Corp. announced on Tuesday an “ambition” to reach net-zero greenhouse gas emissions in its operations in the next three decades, but fell short of making [Read More…]

Mark Wilson/Getty Images (NEW YORK) — New York Attorney General Letitia James said that her office has uncovered “significant evidence” of fraud in her civil investigation of former President Donald Trump and the Trump Organization. [Read More…]

Joan Cros/NurPhoto via Getty Images (WASHINGTON) — A showdown between the nation’s major airlines, the FAA and AT&T and Verizon appears to be cooling after both telecom giants agreed at the last minute to pause [Read More…]

Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images (NEW YORK) — Microsoft Corp. announced plans on Tuesday to acquire gaming giant Activision Blizzard Inc., the maker of immensely popular franchises including “Call of Duty” and [Read More…]

Matt Stroshane/Getty Images (WASHINGTON) — It’s peak citrus season in the U.S., but Florida orange groves had a bitter yield of the beloved sweet and tart winter fruit. The U.S. Department of Agriculture reported that [Read More…]

Jessica Leonard (CLEVELAND) — Over the last few decades, it has been considered taboo to reveal tattoos, piercings or even unconventional hair colors in a professional work setting, but one woman is challenging that idea [Read More…]

iStock The 10 richest men in the world doubled their fortunes during the COVID-19 pandemic, a report published Monday by advocacy group Oxfam said, highlighting how the global health crisis has deepened the divide between [Read More…]

Robert Hradil/Getty Images (NEW YORK) — Some automakers tout engine performance, cutting-edge technology or exclusivity to attract buyers. Japanese automaker Subaru has a different approach. In 2019 the company transformed 10,000 square feet of the [Read More…]

Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Dogecoin rallied Friday after Tesla CEO Elon Musk tweeted the carmaker would now accept the cryptocurrency as payment for merchandise. Originally started as joke poking fun at [Read More…]

Guido Mieth/Getty Images (NEW YORK) — The sneaky sting of inflation is catching many Americans by surprise as soaring prices erode their savings and prompt major sticker shock at the supermarket, gas pump and seemingly [Read More…]

Drew Angerer/Getty Images (NEW YORK) — Martin Shkreli became infamous, and earned the nickname “Pharma Bro,” after he hiked the price of a potentially lifesaving antiparasitic medication in 2015. On Friday, a federal judge ruled [Read More…]

Chevrolet (NEW YORK) – With all the splashy commercials, prestigious awards, and glitzy launch parties, you could be forgiven for thinking the electric car craze is actually an electric truck craze. The R1T, an electric [Read More…]