ABC Business News

shaunl/Getty Images (NEW YORK) — Car manufacturer Ford is recalling over 100,000 SUVs and trucks because of fire risks in the engine, nearly a month after recalling millions of its vehicles. The company is recalling [Read More…]

David Swanson/Reuters (NEW YORK, NY) — Uber is being sued by approximately 550 female passengers who claim they were attacked by their drivers, according to the law firm Slater, Slater, Schulman, LLP, which filed a legal [Read More…]

Michael M. Santiago/Getty Images, FILE (NEW YORK) — The richest person in the world said he wanted to own one of the most popular social media platforms — until he said he didn’t. Tesla CEO [Read More…]

5./15 WEST/Getty Images (NEW YORK) — Popular social media platform TikTok on Wednesday announced plans for a rating system aimed at protecting young users from inappropriate content. The move comes after sharp criticism from lawmakers [Read More…]

Jetlinerimages/Getty Images (NEW YORK) — A family alleges American Airlines tried to force them to pay roughly $30,000 to change their itinerary after the airline switched the family’s return ticket to leave from an airport [Read More…]

Chip Somodevilla/Getty Images (NEW YORK) — As U.S. policymakers walk a tightrope in an attempt to dial back sky-high prices while averting an economic recession, new inflation data on Wednesday showed a significant acceleration of [Read More…]

Courtesy Jarvis Claiborne (NEW YORK) — When Jarvis Claiborne and his wife Renada were pre-approved for a mortgage in February, they were excited to start shopping for their first home in Houston, Texas. But that [Read More…]

The battery to a Tesla Model s Plaid on display. – Munro Live, Munro & Associates (NEW YORK) — The intense heat hitting most of the nation is already invoking warnings about power outages and [Read More…]

IronHeart/Getty Images (NEW YORK) — As economists continue to predict the coming of a recession, many are left wondering what they can do to secure and potentially grow their wallets amid the chaos. For some, [Read More…]

FDA (WASHINGTON) — A favorite picnic staple is being recalled, right on the heels of Fourth of July celebrations. “Out of an abundance of caution, Hy-Vee, Inc. is voluntarily withdrawing all varieties and all sizes [Read More…]

ABC News (WASHINGTON) — Following a stronger-than-expected jobs report released on Friday, the Biden administration is continuing to push back on fears of looming economic downtown while working to tame historic inflation. “I don’t see [Read More…]

Westend61/Getty Images (NEW YORK) — The digital currencies have crashed as interest rates rise and investors seek less risky investments. Can cryptocurrency become an alternative financial system for people of color who have historically faced [Read More…]

4kodiak/Getty Images (NEW YORK) — The labor group behind the first-ever U.S. union at Amazon has thrown its support behind organizing campaigns at two additional warehouses. Amazon Labor Union, the worker-led union behind the victory [Read More…]

Jonathan Newton/The Washington Post via Getty Images, FILE (NEW YORK) — Elon Musk is terminating his $44 billion deal to buy Twitter, according to a new Securities and Exchange Commission filing. “Mr. Musk has sought [Read More…]

Dai Sugano/MediaNews Group/The Mercury News via Getty Images, FILE (NEW YORK) — The federal fraud case against the top executives of the failed biotech company Theranos posed an interesting tale of two different trials, according [Read More…]

JLGutierrez/Getty Images (WASHINGTON) — The U.S. saw stronger than expected job growth in June, as the economy added 372,000 jobs and the unemployment rate remained at 3.6%, according to data released by the Bureau of [Read More…]

Bloomberg via Getty Images, FILE (NEW YORK) — Days after the Supreme Court overturned Roe v. Wade, a slew of major U.S. companies said they will cover travel costs for employees who cannot access an [Read More…]

Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images (NEW YORK) — Amazon members are already primed to enjoy perks of speedy delivery and now, that can include food from hundreds of thousands of restaurants. [Read More…]

JLGutierrez/Getty Images (NEW YORK) — As recession fears grow, officials on Wall Street and in Washington, D.C., will be watching employment data on Friday to see if aggressive borrowing cost increases from the Federal Reserve [Read More…]

Justin Sullivan/Getty Images) (NEW YORK) — A jury has convicted former Theranos president Ramesh “Sunny” Balwani of defrauding investors and patients in connection with his multi-billion-dollar blood-testing startup. Balwani, on Thursday, was found guilty on [Read More…]