ABC Business News

BRENDAN SMIALOWSKI/AFP via Getty Images (WASHINGTON) — As the leaders of NATO’s 30 member countries convene in Madrid this week, preserving the alliance’s remarkable unity against Russian aggression is at the top of President Joe [Read More…]

Michael Nagle/Bloomberg via Getty Images (NEW YORK) — While sky-high inflation has crunched budgets for essentials like gas and groceries, many large corporations have reported record profits, eliciting anger from some everyday people and public [Read More…]

Citizen of the Planet/UCG/Universal Images Group via Getty Images (NEW YORK) — The industry that overwhelmingly uses the most water resources in the West does so for good reason: to provide sustenance for the rest [Read More…]

Gabby Jones/Bloomberg via Getty Images (NEW YORK) — Short-term rental giant Airbnb has issued a permanent global ban on parties following a string of shootings that have broken out nationwide at properties it lists. The [Read More…]

Jamie McCarthy/Getty Images (NEW YORK) — Major U.S. companies, including Meta and JPMorgan Chase, on Friday said they will cover travel costs for employees who seek legal abortions outside their home state after the Supreme Court [Read More…]

katleho Seisa/Getty Images (NEW YORK) — A market drop, a price spike and a looming recession — this year has battered the finances of everyday Americans. But some can wait out the misery. Eventually, the [Read More…]

George Rose/Getty Images (NEW YORK) — While many Americans have noticed sky-high gasoline prices, the lesser-known increase in diesel costs could be what drives the U.S. economy into a recession, experts told ABC News. Oil [Read More…]

Stephen Zenner/SOPA Images/LightRocket via Getty Images, FILE (COLUMBUS, Ohio) — Ohio State University was granted a trademark to use the word “THE” on apparel and merchandise to promote its athletic teams. The U.S. Patent and [Read More…]

Matt Stone/MediaNews Group/Boston Herald via Getty Images (WASHINGTON) — President Biden on Wednesday called on Congress to suspend the federal gas tax for three months and asked states to suspend their own gas taxes or [Read More…]

Gina Ferazzi / Los Angeles Times via Getty Images (NEW YORK) — For months, sky-high gas prices have bedeviled Americans. The nationwide average price for a gallon of gas stands just under an eye-popping $5 [Read More…]

Matt Stone/MediaNews Group/Boston Herald via Getty Images (WASHINGTON) — President Biden will on Wednesday call on Congress to suspend the federal gas tax for three months and ask states to suspend their own gas taxes [Read More…]

Yen Duong/Bloomberg via Getty Images (NEW YORK) — Kellogg has announced that it will separate into three different companies to create “greater strategic, operational, and financial focus” for each of the new firms that will [Read More…]

TIMOTHY A. CLARY/AFP via Getty Images (WASHINGTON) — The Federal Reserve’s strongest weapon in its fight against skyrocketing inflation is raising interest rates. In March, the Fed raised its target federal funds rate by 0.25%, [Read More…]

Megan Varner/Getty Images (NEW YORK) — While June 19, 1865, is widely regarded as a day of liberation, its celebration for some simultaneously brings into question just how far that freedom goes. For real estate entrepreneur [Read More…]

Phillip Spears/Getty Images (NEW YORK) — A difficult year for many homebuyers became even tougher when the Federal Reserve dramatically raised borrowing costs this week in an effort to tame sky-high inflation, experts told ABC [Read More…]

Daniel Acker/Bloomberg via Getty Images (NEW YORK) — Revlon has officially filed for bankruptcy. The 90-year-old cosmetics giant announced on Thursday that the company voluntarily petitioned for reorganization under Chapter 11 in the U.S. Bankruptcy [Read More…]

LilliDay/Getty Images (NEW YORK) — A number of forces are putting pressure on the economy right now and that has Wall Street betting on a recession sometime in the next 12 to 18 months. Consumer [Read More…]

REKINC1980/Getty Images (NEW YORK) — The Consumer Product Safety Commission announced Thursday the recall of more than 407,000 over-the-counter pill bottles, citing the products do not meet the child resistance packaging required by the Poison [Read More…]

Smith Collection/Gado/Getty Images (NEW YORK) — The Federal Reserve on Wednesday dramatically escalated its fight to dial back historic inflation, raising its benchmark interest rate by 0.75%, the largest rate hike since 1994. The move [Read More…]

David Paul Morris/Bloomberg via Getty Images (NEW YORK) — The pain at the pump is getting worse and has motorists asking, is there any relief in sight? The average nationwide price of a gallon of [Read More…]