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2 hours ago

AT&T, Wells Fargo fall; Fastenal, Bank of New York Mellon rise, Friday, 7/12/2024

Stocks that traded heavily or had substantial price changes on Friday: AT&T, Wells Fargo fall; Fastenal, Bank of New York Mellon rise
2 hours ago
2 hours ago

AT&T hacked, Dollar General settlement and Christmas in July

ABC News’ Alexis Christoforous discusses the latest economic trends.
2 hours ago
VIDEO: AT&T hacked, Dollar General settlement and Christmas in July
3 hours ago

Shohei Ohtani tops MLB jersey sales, followed by Bryce Harper and Aaron Judge

Shohei Ohtani remained the top-selling jersey during the first half of the season, followed by Bryce Harper and Aaron Judge
3 hours ago
FILE - Philadelphia Phillies' Bryce Harper bats during a baseball game against the Milwaukee Brewers, Monday, June 3, 2024, in Philadelphia.The Phillies have reinstated first baseman Bryce Harper and designated hitter Kyle Schwarber from the 10-day injured list and could have both key players as they face the Los Angeles Dodgers in a matchup of division leaders. (AP Photo/Chris Szagola, Filer)
3 hours ago

Putin signs bill increasing income taxes for the wealthy in Russia

Russian President Vladimir Putin has endorsed a bill that raises income taxes for the rich
3 hours ago
3 hours ago

Stop & Shop closing 32 underperforming grocery stores in the Northeast

Grocery store chain Stop & Shop says it will close 32 underperforming grocery stores across the Northeast by the end of this year
3 hours ago
FILE - People walk outside a Stop & Shop in Newport, R.I., Feb. 13, 2012. R.I. (AP Photo/The Daily News, Dave Hansen)
July 12

Increasingly popular 'parametric insurance' helps farmers and others hit hard by extreme weather

A growing type of insurance, called parametric insurance, is helping farmers and others in developing countries respond to extreme weather events
July 12
People walk through farmland near Carmen, Philippines, May 6, 2024. A growing type of insurance, called parametric insurance, is helping farmers and others in developing countries respond to extreme weather events. (Bill Spindle/Cipher News via AP)
July 12

US senators call out Big Tech's new approach to poaching talent, products from smaller AI startups

Three U.S. Senators are calling for action against a new practice big technology companies are using to swallow up the talent and products of innovative AI startups without formally acquiring them
July 12
FILE - Sen. Ron Wyden, D-Ore., speaks with reporters at the U.S. Capitol, on Sept. 11, 2023, in Washington. Wyden is asking US regulators to look into a hiring practice being employed by the biggest technology companies to swallow up the talent and products of innovative AI startups without formally acquiring them.(AP Photo/Mariam Zuhaib, File)
July 12

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain elevated
July 12
FILE - Excavator booms, adorned with the Caterpillar Inc. "CAT" logo, are displayed at the Milton CAT dealership in Londonderry, N.H., Feb. 20, 2020. On Friday, July 12, 2024, the Labor Department releases producer prices data for June, 2024. (AP Photo/Charles Krupa, File)
July 12

US wholesale inflation picked up in June in sign that some price pressures remain elevated

US wholesale inflation picked up in June in sign that some price pressures remain elevated
July 12
July 12

Finnish lawmakers approve controversial law to turn away migrants at border with Russia

Finnish lawmakers have narrowly approved a controversial bill that will allow border guards to turn away third-country migrants attempting to enter from neighboring Russia and reject their asylum applications
July 12
Russian President Vladimir Putin chairs a meeting with members of the Security Council via video conference at the Novo-Ogaryovo state residence, outside Moscow, Russia, Friday, July 12, 2024. (Pavel Byrkin, Sputnik, Kremlin Pool Photo via AP)
July 12

Czech brewer Budvar's net profit up 46.3% in 2023 as it recovers from loss of the Russian market

The Czech brewer Budvar, which has been embroiled in a long legal dispute with U.S. beer giant Anheuser-Busch over the use of the Budweiser brand, says it increased its net profit, output and exports in 2023
July 12
FILE - An employee tends to the bar at the Budweiser Budvar company in Ceske Budejovice, Czech Republic on Jan. 3, 2001. The Czech brewer Budvar, which has been embroiled in a long legal dispute with U.S. beer giant Anheuser-Busch over the use of the Budweiser brand, said Friday, July 12, 2024, it increased its net profit, output and exports in 2023. (AP Photo/Jeffrey Ullbrich)
July 12

Data of nearly all AT&T customers downloaded to a third-party platform in security breach

The data of nearly all customers of the telecommunications giant AT&T was downloaded to a third-party platform in a 2022 security breach in a year already rife with massive cyberattacks
July 12
FILE - The AT&T logo is positioned above one of its retail stores in New York, Oct. 24, 2016. A security breach in 2022 compromised the data of nearly all of AT&T’s cellular customers, customers of mobile virtual network operators using AT&T’s wireless network, as well landline customers who interacted with those cellular numbers. The company said Friday, July 23, 2024, that it has launched an investigation and engaged cybersecurity experts to understand the nature and scope of the criminal activity.(AP Photo/Mark Lennihan, File)
July 12

JPMorgan Q2 profit rose 25% as bank cashed in holdings in Visa

Signs of consumers slowing down spending and falling behind on their bills weighed down shares of the big banks on Friday
July 12
FILE - A sign stands outside a branch of Wells Fargo bank on April 17, 2024, in Littleton, Colo. Wells Fargo reports earnings on Friday, July 12, 2024. (AP Photo/David Zalubowski, File)
July 12

AT&T says 2022 security breach compromised data of its cellular customers and landline users that interacted with them

AT&T says 2022 security breach compromised data of its cellular customers and landline users that interacted with them
July 12
July 12

JPMorgan Chase Q2 profit jumps sharply as bank cashes in Visa shares. Higher interest rates also boost results

JPMorgan Chase Q2 profit jumps sharply as bank cashes in Visa shares. Higher interest rates also boost results
July 12
July 12

European Union says X's blue checks are deceptive 'dark patterns' that breach its social media laws

The European Union says blue checkmarks from Elon Musk’s X are deceptive and that the online platform falls short on transparency and accountability requirements
July 12
FILE - Tesla and SpaceX chief executive officer Elon Musk listens to a question as he speaks at the SATELLITE Conference and Exhibition in Washington, March 9, 2020. A Delaware judge heard arguments Monday, July 8, 2024, over a massive and unprecedented fee request by lawyers who argued that a massive and unprecedented pay package for Tesla CEO Musk was illegal and should be voided. (AP Photo/Susan Walsh, File)
July 12

European Union says social media site X's blue checks are deceptive and transparency falls short under digital rules

European Union says social media site X's blue checks are deceptive and transparency falls short under digital rules
July 12
July 12

Stock market today: Wall Street rolls toward records as it nears the close of another winning week

U.S. stock indexes are rallying toward records following some mixed signals on big banks’ profits and on inflation
July 12
FILE - The Fearless Girl statues faces the New York Stock Exchange on July 2, 2024, in New York. Global stocks are mixed on Friday, July 12, 2024, with the Japanese yen losing some of its gains after the latest U.S. update on inflation bolstered Wall Street's belief that relief on interest rates may come as soon as September. (AP Photo/Peter Morgan, File)
July 12

This nearly 10-foot Gatsby sub is made by restaurant with a taste for the supersized

A South African restaurant and bar has served up a sandwich that's nearly 10 feet long in the latest offering from an establishment with a taste for the supersized
July 12
In this photo provided by Joe Redelinghuys. left, Annie Redelinghuys, centre, and chef Michele Steyn, right, pose for a photograph at Annies Ladies Bar, with a giant Gatsby sandwich on display at the establishment in Cape Town, South Africa, Saturday, June 29, 2024. A South African restaurant and bar has served up a 3-meter-long (9.8 feet) sandwich in the latest offering from an establishment with a taste for the supersize. (Annies Ladies Bar via AP)
July 12

China’s exports grow 8.6% in June, beating forecasts despite trade tensions

China’s exports beat forecasts in June, while imports grew less than expected
July 12
Cranes and transporters work at an automated container port in Qingdao in eastern China's Shandong province Sunday, July 7, 2024. China's exports beat forecasts in June, customs data showed Friday, July 12, 2024 while imports grew less than expected. (Chinatopix Via AP)
July 12

Booming Turkish TV drama industry captures hearts and minds worldwide and boosts tourism

Turkey has emerged as a leading exporter of television dramas, bolstering the nation’s international image and drawing millions of viewers and tourists to its historical and cultural sites which are backdrops to many of the shows
July 12
A production team is filming scenes of a Turkish drama in Istanbul Turkey, Tuesday, April 30, 2024. (AP Photo/Khalil Hamra)
July 12

The son of Asia’s richest man is set to marry in the year's most extravagant wedding

Global celebrities, business tycoons and politicians are arriving in India’s financial capital to attend the wedding of the youngest son of Mukesh Ambani, the world’s ninth richest man
July 12
American actor and musician Nick Jonas arrives with his wife Priyanka Chopra at the wedding of Billionaire Mukesh Ambani's son Anant Ambani and Radhika Merchant at Jio World Convention Centre in Mumbai, India, Friday, July 12, 2024. (AP Photo /Rajanish Kakade)
July 11

1 dead, 2 missing after tourist helicopter crashes off Hawaiian island of Kauai

Two people are missing and another is dead after a tour company helicopter crashed off the Hawaiian island of Kauai
July 11
An ambulance enters Lihue Airport on the island of Kauai, Hawaii on Friday, July 12, 2024. A helicopter crashed into the ocean off the Hawaiian island of Kauai on Thursday leaving one person dead and two others missing, the Kauai Police Department said. (Chris Jensen via AP)
July 11

Biden's challenge: Will he ever satisfy the media's appetite for questions about his ability?

If you watched President Joe Biden's news conference, two weeks after a poor debate performance, you may have been reassured by his ability to talk about complex issues
July 11
President Joe Biden speaks at a news conference Thursday July 11, 2024, on the final day of the NATO summit in Washington. (AP Photo/Jacquelyn Martin)
July 11

US would keep more hydropower under agreement with Canada on treaty governing Columbia River

The U.S. and Canada say they have agreed to update a treaty that governs the use of one of North America’s largest rivers, the Columbia, with provisions that officials said would provide for effective flood control, irrigation, and hydropower generatio...
July 11
FILE - U.S. President Joe Biden, center, talks to Canada's Prime Minister Justin Trudeau, right, during a G7 world leaders summit at Borgo Egnazia, Italy, June 13, 2024. The U.S. and Canada said Thursday, July 11, that they have agreed to update a six-decade-old treaty that governs the use of one of North America’s largest rivers, the Columbia, with implications for electricity prices, irrigation, flood control and imperiled salmon runs. (AP Photo/Luca Bruno, File)
July 11

The Beastie Boys sue Chili's parent company over alleged misuse song in ad

The Beastie Boys are suing the parent company of Chili’s in a case that accuses the chain restaurant of running an advertisement that used the hip-hop trio’s smash hit “Sabotage” without permission
July 11
FILE - The Beastie Boys, from left, Adam Yauch, Mike Diamond, and Adam Horovitz arrive at an interview panel during the SXSW Music Festival and Conference in Austin, Texas, Wednesday, March 15, 2006. The Beastie Boys are suing the parent company of Chili's in a case that accuses the chain restaurant of running an advertisement that used the hip-hop trio's smash hit “Sabotage” without permission. (AP Photo/Jack Plunkett, File)
July 11

Dollar General agrees to pay $12 million fine to settle alleged workplace safety violations

The U.S. Department of Labor says Dollar General has agreed to pay a $12 million fine and improve conditions at its thousands of retail stores nationwide to make them safer for workers
July 11
FILE - A Dollar General store is seen, Aug. 3, 2017, in Luther, Okla. Dollar General has agreed to pay a $12 million fine and to improve conditions at its thousands of retail stores nationwide to make them safer for workers, the U.S. Department of Labor said Thursday, July 11, 2024. (AP Photo/Sue Ogrocki, File)
July 11

How major US stock indexes fared Thursday, 7/11/2024

Most U.S. stocks rose after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September
July 11
July 11

Families of workers killed in Idaho airport hangar collapse sue construction company

The families of two construction workers killed when an airport hangar in Idaho collapsed are suing several companies that were involved in the building process, alleging the businesses recklessly cut corners and used inappropriate materials for the build
July 11
July 11

Referendum set for South Dakota voters on controversial carbon dioxide pipeline law

A statewide referendum vote is set in South Dakota for the Nov. 5 general election on a so-called “landowner bill of rights” related to a controversial carbon dioxide pipeline project proposed for the Midwest
July 11
A sign reading "Property rights matter, no CO2" stands by a highway near Strasburg, N.D., Thursday, Jan. 11, 2024. A statewide referendum is set for the Nov. 5, 2024, general election in South Dakota on a law with regulations for carbon dioxide pipelines, tabbed as a "landowner bill of rights," after a group petitioned to refer the law to voters. (AP Photo/Jack Dura)
July 11

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for August delivery rose 52 cents to $82.62 per barrel Thursday
July 11
July 11

Rome's airport is named for da Vinci, Venice's for Marco Polo. Milan's Malpensa? Silvio Berlusconi

Milan’s Malpensa Airport, Italy’s second-busiest passenger airport, is being renamed after Silvio Berlusconi
July 11
FILE - Former Italian Premier Silvio Berlusconi waves to reporters as he arrives at the Chamber of Deputies to meet Mario Draghi, in Rome, Feb. 9, 2021. Berlusconi, a cruise-ship singer, media mogul and three-time premier who dominated Italian politics for three decades, is getting a new act following his death last year. Milan’s Malpensa Airport, Italy’s second-busiest passenger airport, is being renamed for the billionaire businessman-turned-politician, Italy’s transport minister announced Thursday July 11, 2024. (AP Photo/Alessandra Tarantino, File)
July 11

Theater festivals offer to give up their grants if DeSantis restores funding for Florida arts groups

Leaders of two performing arts festivals say that they will gladly give up their grants if Florida Gov. Ron DeSantis restores the $32 million in state funding he nixed for more than 600 Florida arts groups
July 11
Michel Hausmann, co-founder and director of Miami New Drama, stands in the theater, Wednesday, June 26, 2024, in Miami Beach, Fla. The theater lost $150,000 this year after Gov. Ron De Santis vetoed $32 million in arts funding. Hundreds of arts and culture organizations in the state are scrambling to fill a budget gap in a move that advocates say is going to devastate arts and culture in the state. (AP Photo/Marta Lavandier)
July 11

US appeals court says some NCAA athletes may qualify as employees under federal wage-and-hour laws

A U.S. appeals court in Philadelphia has ruled that some college athletes may qualify as employees under federal wage-and-hour laws
July 11
FILE - Signage at the headquarters of the NCAA is viewed in Indianapolis, March 12, 2020. A U.S. appeals court in Philadelphia has ruled that some college athletes may qualify as employees under federal wage-and-hour laws. The court says a test should be developed to differentiate students who play college sports for fun from those whose effort “crosses the legal line into work” that benefits the school. The NCAA had hoped to have the case dismissed.(AP Photo/Michael Conroy, File)
July 11

Some smaller news outlets in swing states can't afford election coverage. AP is helping them

The Associated Press says it will provide free campaign and election night coverage to dozens of small and independent newsrooms located in swing states, through a program funded by a Knight Foundation grant
July 11
July 11

Group sues federal government, claims it ignores harms of idle offshore oil and gas infrastructure

An environmental group has sued the Department of Interior in federal court for allegedly failing to account for the harms caused by delays in properly shutting down offshore oil and gas infrastructure
July 11
FILE - Oil well workers prepare to plug an orphaned well on the Rooke family ranch, May 18, 2021, near Refugio, Texas. An environmental group sued the Department of Interior in federal court Thursday, July 11, 2024, for allegedly failing to account for the harms caused by delays in properly shutting down offshore oil and gas infrastructure. (AP Photo/Eric Gay, File)
July 11

Marathon Oil reaches $241 million settlement with EPA for environmental violations in North Dakota

The federal government announced a $241.5 million settlement with Marathon Oil on Thursday for alleged air quality violations at the company’s oil and gas operations on the Fort Berthold Indian Reservation in North Dakota
July 11
FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. The federal government announced a $241.5 million settlement with Marathon Oil on Thursday, July 11, 2024, for alleged air quality violations at the company's oil and gas operations in the Forth Berthold Indian Reservation in North Dakota. (AP Photo/Matthew Brown, File)
July 11

EPA announces $241 million settlement with Marathon Oil for environmental violations on North Dakota reservation

EPA announces $241 million settlement with Marathon Oil for environmental violations on North Dakota reservation
July 11
July 11

Costco, Delta Air Lines fall; QuantumScape, MicroStrategy rise, Thursday, 7/11/2024

Stocks that traded heavily or had substantial price changes on Thursday: Costco, Delta Air Lines fall; QuantumScape, MicroStrategy rise
July 11
July 11

Groceries are expensive, but they don't have to break the bank. Here are some tips to save

If you’ve noticed that you’re paying more than before for the same amount of groceries, you’re not the only one
July 11
File - A shopper peruses cheese offerings at a Target store on Oct. 4, 2023, in Sheridan, Colo. Inflation is easing slightly, but grocery prices are still high. (AP Photo/David Zalubowski, File)
July 11

Average rate on a 30-year mortgage falls slightly, easing borrowing costs for home shoppers

The average rate on a 30-year mortgage fell slightly this week, providing modest relief for home shoppers facing record-high home prices
July 11
Workers construct new homes in a development on Tuesday, June 25, 2024, in Loveland, Colo. On Thursday, July 11, 2024, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/David Zalubowski)
July 11

Freddie Mac says average rate on a 30-year mortgage fell to 6.89% this week

Freddie Mac says average rate on a 30-year mortgage fell to 6.89% this week
July 11
July 11

United Airlines jet makes unscheduled landing in Florida after a passenger fights with a crew member

United Airlines says one of its jets from Miami to New Jersey made an unscheduled landing in Orlando, Florida, after a passenger became “aggressive and disruptive.”
July 11
July 11

Two journalists tried ChatGPT. Then, they sued to protect the 'written word'

When two octogenarian buddies named Nick discovered that ChatGPT might be stealing and repurposing a lifetime of their work, they tapped a son-in-law to sue the companies behind the artificial intelligence chatbot
July 11
Nick Gage talks with his longtime friend Nicholas Basbanes, left, in Gage's library, Wednesday, May 8, 2024, in Grafton, Mass. When the two authors and retired newspaper journalists found out that ChatGPT might be stealing and repurposing a lifetime of their work, they tapped a son-in-law to sue the companies behind the artificial intelligence chatbot. (AP Photo/Charles Krupa)
July 11

Half a million Houston-area homes and businesses still won't have power into next week

A utility company executive warns that about half a million Houston-area homes and businesses still won't have electricity into next week as wide outages from Hurricane Beryl drag on
July 11
Utility crews work to restore electricity in Houston, Thursday, July 11, 2024. Officials say about 500,000 customers still won't have electricity into next week as wide outages from Hurricane Beryl persist. (AP Photo/Lekan Oyekanmi)
July 11

Houston's power utility says 500,000 customers still won't have electricity next week as wide outages from Beryl persist

Houston's power utility says 500,000 customers still won't have electricity next week as wide outages from Beryl persist
July 11
July 11

Pakistan will consider expelling hundreds of thousands more Afghans in a continued clampdown

Pakistan's Foreign Ministry says authorities will consider a plan to expel hundreds of thousands more Afghans who have been living in Pakistan for years, the latest in a monthslong government clampdown on undocumented migrants
July 11
In this photo released by Pakistan's Prime Minister Office, the U.N. High Commissioner for Refugees, Filippo Grandi, left, meets with Pakistan's Prime Minister Shehbaz Sharif, in Islamabad, Pakistan, Tuesday, July 9, 2024. The head of the U.N. refugee agency met with Sharif in the capital, Islamabad to discuss problems faced by the Afghan refugees, who have been living in the country in a state of uncertainty since last year when Islamabad started expelling foreigners, officials said. (Prime Minister Office via AP)
July 11

Lawsuit filed in case of teen who died after eating spicy chip as part of online challenge

A lawsuit has been filed in the case of a Massachusetts teen who died after participating in a spicy tortilla chip challenge on social media
July 11
Amos Wolobah, father of Harris Wolobah, participates in a press conference announcing the filing of a lawsuit in the case of a teen who died after eating a spicy tortilla chip, Thursday, July 11, 2024, in Boston. Harris Wolobah, a 10th grader from the city of Worcester, died Sept. 1, 2023, after eating the Paqui chip as part of the manufacturer’s “One Chip Challenge.” (AP Photos/Michael Casey)
July 11

Lawsuit filed in case of Massachusetts teenager who died after taking part in spicy chip challenge

Lawsuit filed in case of Massachusetts teenager who died after taking part in spicy chip challenge
July 11
July 11

New inflation report could lead to Fed lowering interest rates

ABC News business reporter Alexis Christoforous breaks down what this could mean for consumers.
July 11
VIDEO: New inflation report could lead to Fed lowering interest rates