ABC Business News

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…]

TERADAT SANTIVIVUT/Getty Images (NEW YORK) — More rainy days and extreme rainfall likely will hurt global economies, according to new research from the Potsdam Institute for Climate Impact Research. “This is about prosperity — and [Read More…]

Robert Nickelsberg/Getty Images (WASHINGTON) — The latest government data on inflation indicates consumer prices are continuing their rapid rise as pandemic-battered supply chains struggle to keep up with rebounding consumer demand. The consumer price index [Read More…]

Andrew Harrer/Bloomberg via Getty Images (WASHINGTON) — Tax season will begin early this year and is already forecast to be an especially “frustrating” one, the Internal Revenue Service has warned, as pandemic-era tax changes and [Read More…]

The Old Fourth Ward neighborhood in Atlanta, Ga. – Raymond Boyd/Getty Images (ATLANTA) — When Michelle Lockhart was a teenager in Atlanta, she had to work two jobs — as a camp counselor and fast-food [Read More…]

GETTY/Jon Hicks (NEW YORK) — Bank of America announced Tuesday that it will slash overdraft fees — the fines consumers pay when they make a purchase with their debit card but don’t have enough money in [Read More…]

Andrew Harrer-Pool/Getty Images (NEW YORK) — Former President Donald Trump has asked a federal judge in New York to halt a civil investigation into his business practices by New York Attorney General Letitia James, accusing [Read More…]

A sample of the new quarter coming out in 2022 that on the tail side will show images of poet Maya Angelou. – (U.S. Mint) (WASHINGTON) — Americans will soon be seeing the face of [Read More…]

OLIVIER DOULIERY/AFP via Getty Images (WASHINGTON) — Employers added a lackluster 199,000 jobs last month — significantly lower than economists’ expectations — and the unemployment rate fell to 3.9%, the Department of Labor said Friday. [Read More…]

ROBYN BECK/AFP via Getty Images (NEW YORK) — Walmart Plus has taken its delivery service a step further. A new enhanced feature that’s set to roll out in select cities later this year would give [Read More…]

Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — In May 2020, as protests over the death of George Floyd raged across the country, federal security officer Dave Patrick Underwood was shot and killed while protecting [Read More…]

Justin Sullivan/Getty Images (SACRAMENTO, Calif.) — Two tickets sold in California and Wisconsin were the lucky winners of the Powerball jackpot on Wednesday night. Both tickets matched all six numbers in Powerball’s drawing and the [Read More…]

Paul Hennessy/SOPA Images/LightRocket via Getty Images (WASHINGTON) — Major retailers have increased the price of at-home COVID-19 tests now that an agreement with the White House to sell them at a fixed price has expired. [Read More…]

Joe Raedle/Getty Images (NEW YORK) — Former President Trump’s eldest son and daughter have refused to comply with subpoenas issued by the New York State attorney general’s office as it conducts a civil investigation into [Read More…]

Courtesy Amanda Courtney (SAN DIEGO) — A California mom is entering 2022 debt-free after paying off more than $70,000 in student loan and credit card debt. Amanda Courtney, 36, of San Diego, said she began [Read More…]