Business News

Latest Business Video

Latest Business Headlines

3 hours ago

By the Numbers: How much are Americans spending on subscriptions? 

Stay up to date on the developing stories making headlines.
3 hours ago
VIDEO: By the Numbers: How much are Americans spending on subscriptions? 
May 15

Man who used underwater scooter in lake to try to evade arrest pleads guilty

Federal prosecutors say that a California man who tried to evade arrest by jumping into a lake with an underwater scooter has pleaded guilty in connection with a $35 million investment fraud scheme
May 15
May 15

UN forecasts slower global economic growth following Trump's tariffs

The United Nations is forecasting slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions
May 15
Container cranes sit idle at the port of the port of New York & New Jersey in Bayonne, N.J., Monday, May 12, 2025. (AP Photo/Matt Rourke)
May 15

iPhones built in the US? Trump wants it done, but analysts say it's a 'nonstarter'

Trump this week criticized the company's choice to build more supply in India.
May 15
President Donald Trump and Apple CEO Tim Cook tour the Flextronics computer manufacturing facility where Apple's Mac Pros are assembled in Austin, Texas, on November 20, 2019.
May 15

Why was Elon Musk's AI chatbot Grok preoccupied with South Africa's racial politics?

Much like its creator, Elon Musk’s artificial intelligence chatbot Grok was preoccupied with South African racial politics on social media this week, posting unsolicited claims about the persecution and “genocide” of white people
May 15
May 15

How major US stock indexes fared Thursday, 5/15/2025

Most U.S. stocks drifted higher following a mixed set of reports on the U.S. economy
May 15
May 15

US lost business travelers in April amid economic anxiety and border detentions

Business travel to the U.S. fell 9% in April as companies and workers grappled with economic uncertainty and anger over the Trump administration’s tariffs and border policies
May 15
FILE - Travelers check American Airlines flight information screens for their flight status at O'Hare International Airport in Chicago, Wednesday, Feb. 22, 2023. (AP photo/Nam Y. Huh, File)
May 15

Walmart warns prices may rise due to tariffs costs

After posting solid first-quarter sales, Walmart warned that it may have to raise prices because of higher costs from tariffs implemented by President Donald Trump.
May 15
VIDEO: Walmart warns prices may rise due to tariffs costs
May 15

Average rate on US 30-year mortgage rises to 6.81%, highest level since late April

The average rate on a 30-year mortgage in the U.S. rose this week, returning to where it was just three weeks ago
May 15
May 15

China allows visa-free entry for 5 Latin American nations to boost ties

China will allow visa-free entry for nationals of five Latin American countries for one year to boost closer connections with the region
May 15
Chinese Foreign Minister Wang Yi, center, Colombia Foreign Minister Laura Sarabia and Honduras Foreign Minister Eduardo Enrique Reina attend the plenary session of the China-CELAC Forum ministerial meeting in Beijing Tuesday, May 13, 2025. (Florence Lo/Pool Photo via AP)
May 15

Walmart CEO says prices of food, toys and electronics will increase

Economists widely expect importers to pass along some of the tax to consumers.
May 15
Shoppers browse through televisions section at a Best Buy store, Nov. 29, 2024, in Burbank, Ill.
May 15

Walmart to raise prices due to tariff costs

Price hikes at one of the nation’s largest retailers are expected to come later this month, according to CFO John David Rainey.
May 15
Price hikes at one of the nation’s largest retailers are expected to come later this month, according to CFO John David Rainey.
May 15

US wholesale prices drop for 1st time in more than a year

ABC News’ Alexis Christoforous reports on data released from the federal government’s producer price index.
May 15
VIDEO: US wholesale prices drop for 1st time in more than a year
May 15

US wholesale prices dropped 0.5% last month despite President Trump's tariffs

U.S. wholesale prices dropped unexpectedly in April for the first time in more than a year despite President Donald Trump’s sweeping taxes on imports
May 15
FILE - A motorist fills up the gasoline tank of a vehicle at a Costco warehouse Tuesday, April 1, 2025, in Thornton, Colo. (AP Photo/David Zalubowski, File)
May 15

Retail sales slow in April after a spending splurge as Americans sought to front-run tariffs

U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs
May 15
May 15

US applications for jobless benefits hold firm as layoffs remain low

U.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over how President Donald Trump’s tariffs will impact the economy
May 15
FILE - A hiring sign is displayed at a grocery store in Northbrook, Ill., Tuesday, Jan. 21, 2025. (AP Photo/Nam Y. Huh)
May 15

Walmart to raise prices due to tariff costs after posting solid first quarter sales

Walmart’s first quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump
May 15
Dumbbells are displayed at a Walmart, Wednesday, April 16, 2025, in Groton, Conn. (AP Photo/Julia Demaree Nikhinson)
May 15

Estonia warns Russia may use military force to defend its shadow tanker fleet

Estonia is warning that Russia appears willing to defend with military force its shadow fleet of aging tankers dodging international sanctions to keep oil revenue flowing
May 15
NATO foreign ministers gather during a NATO's informal meeting of foreign ministers in Antalya, southern Turkey, Thursday, May 15, 2025. (AP Photo/Khalil Hamra)
May 15

Dick's Sporting Goods to buy struggling shoe chain Foot Locker for $2.4B

Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company this year as business leaders struggle with U.S. President Donald Trump’s threatened tariffs
May 15
FILE -This photo taken Tuesday, Aug. 29, 2017, shows a Dick's Sporting Goods sign at a store in Miami. (AP Photo/Alan Diaz, File)
May 15

Grocery stores overcharging: Consumer Reports

With grocery prices at all-time highs, Consumer Reports is warning that some supermarkets across the country are overcharging customers for some products marked as being on sale.
May 15
With grocery prices at all-time highs, Consumer Reports is warning that some supermarkets across the country are overcharging customers for some products marked as being on sale.
May 15

Spain will limit access to Madrid's airport for nontravelers because of homeless encampment problem

Spain’s airport authority will begin limiting access to Madrid’s airport during some parts of the day as a preventive measure to stop more homeless people from sleeping in terminals
May 15
FILE - Iberia jets are seen in a parking zone as police walk through the airport during a Iberia airline workers strike at Barajas international airport in Madrid, Spain, Tuesday, March 5, 2013. (AP Photo/Andres Kudacki, File)
May 15

These prices are soaring, despite cooling inflation

Prices are rising rapidly for some everyday items like coffee and beef.
May 15
People shop at a grocery store in Brooklyn, May 13, 2025, in New York.
May 15

UK becomes fastest-growing G7 economy after strong first quarter

The British economy grew at its fastest rate in a year during the first quarter of 2025, in a welcome boost to the Labour government, which has made lifting the country’s growth its number one priority
May 15
Britain's Chancellor of the Exchequer Rachel Reeves, center, speaks with the media at the Rolls-Royce factory in Derby, England following the announcement from the Office for National Statistics that the U.K. economy grew by 0.7% between January and March, Thursday, May 15, 2025. (Darren Staples/PA via AP)
May 14

Australian leader visits Indonesia seeking deeper economic and defense ties

Australia’s newly reelected Prime Minister Anthony Albanese has met with Indonesian President Prabowo Subianto in Jakarta
May 14
Australian Prime Minister Anthony Albanese, second right, and Indonesian President Prabowo Subianto, right, stand during a ceremonial welcome before their meeting at Merdeka Palace in Jakarta, Indonesia, Thursday, May 15, 2025. (AP Photo/Dita Alangkara)
May 14

Asian shares are mostly lower after a mixed session on Wall Street

Asian shares are mostly lower after U.S. stocks drifted to a mixed close on Wall Street
May 14
Trader Jonathan Corpina works on the floor of the New York Stock Exchange, Wednesday, May 14, 2025. (AP Photo/Richard Drew)
May 14

Older people in crosshairs as government restarts Social Security garnishment on student loans

As the Trump administration resumes collections on defaulted student loans, hundreds of thousands of older Americans with decades-old debts are now at risk of having their Social Security checks garnished
May 14
Linda Hilton, a 76-year-old retired office worker, stands in front of her home Tuesday, May 13, 2025, in Apache Junction, Ariz. (AP Photo/Ross D. Franklin)
May 14

Sesame Workshop receives Elevate Prize Catalyst Award as it charts a new path for 'Sesame Street'

Elmo, Abby Cadabby and the rest of the “Sesame Street” gang will get some high-profile help as they travel down a new road
May 14
Sesame Street's Bert and Ernie speak with Sal Perez, executive producer and VP of Sesame Street at Sesame Workshop, after Sesame Workshop won the Elevate Prize Foundation's Catalyst Award, Wednesday, May 14, 2025, in Miami Beach, Fla. (AP Photo/Michael Laughlin)
May 14

Colombian lawmakers reject president's labor reform referendum

Colombian lawmakers have once again blocked President Gustavo Petro’s efforts to overhaul labor laws
May 14
Opposition senators celebrate after voting against a labor reform referendum proposed by the government, in Bogota, Colombia, Wednesday, May 14, 2025. (AP Photo/Fernando Vergara)
May 14

Tesla chair sold stock worth $230M while profits at Elon Musk's carmaker plunged

The chair of Tesla sold more than $230 million in company stock since Elon Musk’s endorsement of Donald Trump alienated car buyers and dragged profits lower
May 14
FILE - A Model X sports-utility vehicle sits outside a Tesla store in Littleton, Colo., June 18, 2023. (AP Photo/David Zalubowski, File)
May 14

How major US stock indexes fared Wednesday, 5/14/2025

Stocks drifted to a mixed close on Wall Street, holding on to most of the gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war
May 14
May 14

Divisions emerge among House Republicans over how much to cut taxes and Medicaid in Trump's bill

There were cheers when Republicans on the House Ways and Means Committee signed off on the GOP tax breaks bill after a round-the-clock session that pushed President Donald Trump’s package past overwhelming Democratic opposition
May 14
Speaker of the House Mike Johnson, R-La., speaks during a news conference at the Capitol, Tuesday, May 6, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)
May 14

More than 1,000 Starbucks baristas go on strike to protest new dress code

More than 1,000 Starbucks baristas at 75 U.S. stores have gone on strike since Sunday, protesting the coffee giant’s new dress code
May 14
FILE - Starbucks baristas stand on stage, March 20, 2019, during an annual shareholders meeting in Seattle. (AP Photo/Ted S. Warren, file)
May 14

Maryland loses triple-A bond rating from Moody's rating agency

Maryland has lost its triple-A bond rating from Moody’s
May 14
FILE - The Maryland State House is shown, May 11, 2023, in Annapolis, Md. (AP Photo/Brian Witte, File)
May 14

Hotline between military and air traffic controllers in Washington hasn't worked for over 3 years

Sen. Ted Cruz asked whether a hotline between military and civilian air traffic controllers in Washington, D
May 14
FILE - Rescue and salvage crews pull up a part of a Army Black Hawk helicopter that collided midair with an American Airlines jet, at a wreckage site in the Potomac River from Ronald Reagan Washington National Airport, Feb. 6, 2025, in Arlington, Va. (AP Photo/Jose Luis Magana, File)
May 14

Ford recalls nearly 274K Navigator, Expedition SUVs for loss of brake function risk

Ford is recalling nearly 274,000 of its Expedition and Lincoln-branded Navigator SUVs across the U.S. due to an issue that may cause a loss of brake function while driving, increasing crash risks
May 14
FILE - The Ford logo is seen above the entrance to the Ford Motor Company Kentucky Truck Plant, Wednesday, April 30, 2025, in Louisville, Ky. (AP Photo/Carolyn Kaster, file)
May 14

Recession warnings fade after Trump rolls back tariffs

A U.S.-China agreement allayed fears but uncertainty remains, analysts said.
May 14
The aerial photo taken on May 13, 2025, shows containers waiting to be transported at a port in Suzhou, in eastern China's Jiangsu province.
May 14

Costco, Mattress Firm offer buy now, pay later option for shoppers

Affirm CEO Max Levchin explains the interest rates and payment plans that consumers can expect from the payment network.
May 14
VIDEO: Costco, Mattress Firm offer buy now, pay later option for shoppers
May 14

A French mining company sues Niger after its director disappears and offices are raided

French uranium mining company Orano says it has sued the government of Niger after the disappearance of its director and the raiding of its local offices
May 14
FILE - The Orano logo is pictured at La Defense business district, outside Paris, on Jan. 23, 2018. (AP Photo/Michel Euler, File)
May 14

NJ Transit engineers could walk off the job Friday, leaving some 350,000 commuters in the lurch

Some 350,000 commuters who work in New Jersey and New York City could soon be scrambling for other ways to reach their destinations if New Jersey Transit engineers walk off the job early Friday
May 14
An NJ Transit train leaves the Secaucus Junction station in Secaucus, N.J., Wednesday, May 14, 2025. (AP Photo/Seth Wenig)
May 14

EPA announces rollback for some Biden-era limits on so-called forever chemicals in drinking water

The Environmental Protection Agency says it will roll back limits on several types of so-called forever chemicals in drinking water
May 14
FILE - Logan Feeney pours a water sample with forever chemicals, known as PFAS, into a container for research, April 10, 2024, at a U.S. Environmental Protection Agency lab in Cincinnati. (AP Photo/Joshua A. Bickel, File)
May 14

California governor outlines $12 billion deficit and freeze on immigrant health program access

California Gov. Gavin Newsom says the state is staring down an $12 billion budget deficit
May 14
FILE - California Gov. Gavin Newsom stands in front of a state flag during a press conference about President Donald Trump's tariffs on Wednesday, April 16, 2025, at an almond farm in Ceres, Calif. (AP Photo/Noah Berger,FIle)
May 14

Thai officials seize over 200 tons of illegally imported electronic waste from U.S.

Thai officials on Wednesday said they seized 238 tons of illegally imported electronic waste from the United States, one of the biggest lots they've found this year
May 14
A Thai official shows a sample of illegally imported electronic waste from the United States which they said they seized at Bangkok Port during a press conference in Bangkok, Thailand, Wednesday, May 14, 2025. (AP Photo/Sakchai Lalit)
May 14

American Eagle tumbles after pulling financial guidance for 2025

Shares of American Eagle Outfitters are tumbling after the retailer withdrew its financial outlook for the year citing “macro uncertainty” and said it would write down $75 million in spring and summer merchandise
May 14
FILE - The New York Stock Exchange, with a banner for American Eagle Outfitters, is shown on Tuesday, Sept. 17, 2024, in New York. (AP Photo/Peter Morgan, File)
May 14

Edmunds electric SUV test: 2025 Hyundai Ioniq 5 vs 2026 Tesla Model Y

The Tesla Model Y and Hyundai Ioniq 5 are two of the hottest-selling small electric SUVs
May 14
This photo provided by Edmunds shows the 2026 Model Y electric SUV, which was recently updated with new styling and a nicer interior. It also provides loads of cargo space and a long list of standard features. (Courtesy of Edmunds via AP)
May 14

Chinese businesses view tariff pause with caution and uncertainty

While U.S. President Donald Trump has talked of victory after reaching a weekend deal with China to reduce the sky-high tariffs levied on each others’ goods, businesses in China are reacting to the temporary deal with a cautious wait and see approach
May 14
Machines loading container at a container terminal, in Shanghai, China on Wednesday, May 14, 2025. (Chinatopix Via AP)
May 14

Rights groups say migrant workers dying on Saudi job sites ahead of World Cup

Two rights organizations have accused Saudi Arabia of turning a blind eye to labor abuses of migrant workers and preventable deaths
May 14
FILE - In this May 8, 2014, file photo a man works on construction of the Kingdom Tower, a planned 252-story building, which aims to become the world's tallest skyscraper when complete, in Jiddah, Saudi Arabia.(AP Photo/Hasan Jamali, File)
May 14

A look at the leading candidates for Poland's next president

Poland holds a presidential election on Sunday as the conservative incumbent Andrzej Duda nears the end of his second and final term
May 14
FILE - Karol Nawrocki, the presidential candidate backed by the conservative Law and Justice party, outlines his program ahead of Poland's May presidential election in Szeligi near Warsaw, Poland, on Sunday, March 2, 2025. (AP Photo/Czarek Sokolowski, File)
May 14

British banker sentenced to a decade in Saudi prison, apparently over a tweet

A British Bank of America analyst has been sentenced to a decade in a Saudi Arabian prison apparently over a since-deleted social media post
May 14
This is a locator map for Saudi Arabia with its capital, Riyadh. (AP Photo)
May 14

Newark problems and recent crashes put focus on air traffic controller shortage and aging equipment

The recent chronic delays and cancellations at New Jersey’s largest airport have highlighted the shortage of air traffic controllers and the aging equipment they use, which President Donald Trump's administration wants to replace
May 14
Chris Rocheleau, acting administrator of the Federal Aviation Administration, left, and Transportation Secretary Sean Duffy, right, speak about a new air traffic control infrastructure plan, Thursday, May 8, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)
May 13

Asian shares mostly gain amid cautious relief over U.S.-China agreement

Asian shares are mostly higher as a cautious sense of relief spreads through regional markets after the U.S. and China agreed to a 90-day pause in their trade war to allow for negotiations
May 13
Specialist John McNierney, left, and trader Anthony Carannante work on the floor of the New York Stock Exchange, Wednesday, May 14, 2025. (AP Photo/Richard Drew)