The Associated Press
Business News
LA wildfires highlight nation's insurance crisis as homeowners try to recover lost homes
The nation’s growing home insurance crisis is in the spotlight as California homeowners begin the long road to rebuilding after the deadly Eaton and Palisades wildfires
February 05, 2025Nonprofit's lawsuit over the federal funding freeze is part of an 'avalanche' of litigation
A new coalition of nonprofits came together overnight to challenge a seemingly sweeping order from the Trump administration last week pausing trillions of dollars in federal funding
February 05, 2025Elon Musk creates confusion about IRS' Direct File — but the free tax program is still available
Billionaire tech mogul Elon Musk posted on his social media site that he has “deleted” 18F, a government agency that worked on technology projects such as the IRS's Direct File program
February 03, 2025
Latest Business Video
Latest Business Video
Latest Business Headlines
35 minutes ago
Whole Foods asks agency to set aside results of union win at Philadelphia store
Amazon-owned Whole Foods is asking the National Labor Relations Board to set aside the results of a union election that led to a labor win
35 minutes ago
2 hours ago
Choosing the right bank for you
There are many ways to manage your money these days. If you’re contemplating opening a new account or switching banks, ABC News' Christiane Cordero reports on what to consider.
2 hours ago
3 hours ago
Workday lays off 1,750 employees, or about 8.5% of its workforce
Workday is cutting about 1,750 jobs, or 8.5% of its workforce
3 hours ago
February 05
South African president phones influential billionaire Musk after Trump's funding threat
South African President Cyril Ramaphosa spoke with Elon Musk a day after U.S. President Donald Trump promised to cut the country's funding over a land expropriation law
February 05
February 05
Italy says International Criminal Court made an 'immense mess' out of Libyan warlord arrest warrant
Italy’s justice minister has strongly defended the government’s decision to free and repatriate a Libyan warlord wanted by the International Criminal Court
February 05
February 05
Nonprofit's lawsuit over the federal funding freeze is part of an 'avalanche' of litigation
A new coalition of nonprofits came together overnight to challenge a seemingly sweeping order from the Trump administration last week pausing trillions of dollars in federal funding
February 05
February 05
Box-office smash 'Moana 2' drives Disney profit in the first quarter
Disney easily topped first-quarter expectations thanks in part to the box office success of “Moana 2.”
February 05
February 05
Disney gets a lift from box office smash 'Moana 2' in the first quarter
Disney gets a lift from box office smash 'Moana 2' in the first quarter
February 05
February 05
Certified pre-owned vs. used: Edmunds explains which is better
Edmunds compares certified pre-owned vehicles and standard used cars, highlighting the benefits and drawbacks of each
February 05
February 05
These prices may go up due to China tariffs
Trump slapped a 10% tariff on China this week.
February 05
February 05
Third attempt to auction off the home of Myanmar's ousted Aung San Suu Kyi fails to draw any bidders
A renewed attempt to auction off the family home of Myanmar’s imprisoned former leader Aung San Suu Kyi has been unsuccessful as the property in a country embroiled in a civil war failed to attract any bidders
February 05
February 05
LA wildfires highlight nation's insurance crisis as homeowners try to recover lost homes
The nation’s growing home insurance crisis is in the spotlight as California homeowners begin the long road to rebuilding after the deadly Eaton and Palisades wildfires
February 05
February 05
What to know about home insurance coverage after a major natural disaster
It’s one thing to fix your home after something basic has gone wrong, but it’s a different beast to rebuild and recover after a major natural disaster has destroyed multiple properties on your street, in your neighborhood or across the region
February 05
February 05
California's insurance crisis leaves neighbors facing unequal recovery after wildfires
Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a story of contrasting fortunes and unequal recovery, a stark reflection of the nation’s growing home insurance crisis
February 05
February 04
Trump's tariffs will cause pain at the pump for Americans: Experts
"The whole 'drill, baby, drill' thing is highly overblown," one expert said.
February 04
February 04
Fast fashion, laptops and toys are likely to cost more due to US tariffs on Chinese imports
A sweeping new U.S. tariff on products made in China is expected to increase the prices American consumers pay for a wide array of products
February 04
February 04
Designs unveiled for replacement of Baltimore bridge almost a year after deadly collapse
Maryland officials have unveiled their designs for replacing Baltimore’s Francis Scott Key Bridge almost a year after it collapsed under the weight of a cargo ship that lost power and veered off course
February 04
February 04
FireAid benefit concert raised more than $100 million so far
The stars came out for FireAid and so did wallets — the massive benefit concert last week to raise money for those affected by the devastating LA-area wildfires is expected to raise more than $100 million
February 04
February 04
Estee Lauder to cut up to 7,000 jobs as sales slide
Estee Lauder said it’s expanding its restructuring plan to include job cuts anywhere from 5,800 to 7,000 by fiscal 2026 as the global beauty company tries to boost sales and profits
February 04
February 04
Apple lashes out at iPhone porn app maker and EU rules allowing its download
Apple has chided a newly available pornography app available in the European Union
February 04
February 04
US job openings fell to 7.6M in Dec., suggesting job market is slowing but healthy
U.S. job openings fell in December, a sign that the labor market is cooling but remains healthy
February 04
February 04
Waffle House adds surcharge to eggs as massive bird flu outbreak leads to soaring prices
The Waffle House restaurant chain is putting a 50 cent per egg surcharge in place temporarily due to the biggest bird flu outbreak in a decade
February 04
February 04
Trump's tariffs could cause US layoffs, experts say. Here are the jobs at risk
Trump has proposed 25% tariffs on Canada and Mexico, and 10% tariffs on China.
February 04
February 04
Merck 2025 sales forecast underwhelms as it pauses Gardasil sales in China
Shares of Merck are sliding in early trading after the drugmaker surprised Wall Street with a lower-than-expected 2025 sales forecast due partly to a pause in shipments of one of its top-selling products to China
February 04
February 04
Soaring egg prices are piquing interest in backyard chickens
With the price of eggs soaring, more people are looking into keeping backyard chickens
February 04
February 04
Demand for PepsiCo snacks and drinks remained weak in North American during the fourth quarter
Demand for PepsiCo snacks and drinks remained weak in North American during the fourth quarter
February 04
February 04
France's government expected to survive as far-right leader doesn’t support no-confidence motion
The head of France’s far-right National Rally party says he doesn’t support a no-confidence motion filed against the government, making it more likely that the prime minister will remain in office and a 2025 budget will be adopted
February 04
February 04
Japan game maker Nintendo reports lower profit as demand for Switch consoles wanes
Nintendo’s profits tumbled as sales of its Switch console lost momentum, prompting the Japanese video-game maker to lower its full-year forecasts
February 04
February 04
Former NATO chief Jens Stoltenberg returning to government in Norway as finance minister
Former NATO Secretary-General Jens Stoltenberg says he is returning to government in his native Norway as finance minister
February 04
February 04
Court upholds conviction of American who helped fugitive former Nissan chief hide pay
A Japanese appeals court upheld the conviction of a former American Nissan executive for helping fugitive former Chairman Carlos Ghosn hide income, while rejecting prosecutors’ bid to overturn his acquitals on other counts
February 04
February 04
Debt-stricken Sri Lanka marks independence day as new president pledges to rebuild the country
Debt-stricken Sri Lanka has marked its 77th independence anniversary with a military parade, while the country’s newly elected president, Anura Kumara Dissanayake, pledged to heal Sri Lanka's economic woes by the end of his five-year term
February 04
February 04
China says it will investigate Google on suspicion of violating antitrust laws
China says it will investigate Google on suspicion of violating antitrust laws
February 04
February 04
China counters with tariffs on US products. It will also investigate Google
China has countered President Donald Trump’s tariffs on Chinese products with tariffs of its own on multiple U.S. imports as well as announcing an antitrust investigation into Google and other trade measures
February 04
February 03
Stock market today: Wall Street mixed in early trading as anxiety on Trump tariffs fade
Wall Street is mixed in light trading early as anxiety dissipated somewhat after President Donald Trump agreed to a 30-day pause on his tariff threats against Mexico and Canada
February 03
February 03
Elon Musk creates confusion about IRS' Direct File — but the free tax program is still available
Billionaire tech mogul Elon Musk posted on his social media site that he has “deleted” 18F, a government agency that worked on technology projects such as the IRS's Direct File program
February 03
February 03
NHL Players' Association and Professional Hockey Players’ Association join the AFL-CIO
The National Hockey League Players' Association and Professional Hockey Players’ Association are affiliating with the AFL-CIO and joining the labor organization's sports council
February 03
February 03
New governor tests relations with North Carolina lawmakers with aid request for Helene recovery
North Carolina Gov. Josh Stein has asked state legislators to double their spending to date on Hurricane Helene recovery and approve it now
February 03
February 03
How Trump's pledge to punish South Africa reflects Musk's criticism of his homeland
U.S. President Donald Trump says he will cut all funding to South Africa over what he called a massive human rights violation
February 03
February 03
Trump orders creation of US sovereign wealth fund, says it could own part of TikTok
President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding the company an American ...
February 03
February 03
In Kentucky bourbon country, the newest trade war feels like a hangover that won't go away
In the hills of Kentucky where most of the world’s bourbon supply is crafted, a new trade war would feel like an aching hangover that won’t go away
February 03
February 03
Stocks from automakers to retailers feel pressure from tariff threats
Companies in a wide range of industries are seeing their stocks come under pressure on Wall Street because of tariff threats from President Donald Trump
February 03
February 03
Dow and S&P 500 recover some losses after Trump pauses tariffs on Mexico
Trump paused tariffs on Mexico on Monday morning; China, Canada still in place.
February 03
February 03
Trump agrees to pause tariffs on Canada and Mexico after they pledge to boost border enforcement
President Donald Trump is holding off on his tariff threats against Mexico and Canada for 30 days after the two U.S. neighbors agreed to boost border security efforts
February 03
February 03
Surreal prices for COP30 in Brazil's Amazon leave attendees scrambling for accommodation
Nine months ahead of the 2025 U.N. climate conference known as COP30, prices for lodging are alarming those who want to attend the event in Belem, Brazil’s Amazonian host city
February 03
February 03
Ontario premier 'ripping up contract' with Musk's Starlink in response to tariffs
The leader of Canada’s most populous province of Ontario says he’s ripping up a contract with Elon Musk’s Starlink internet services in response to Donald Trump’s sweeping tariffs on Canada, as well as banning American companies from provincial contracts
February 03
February 03
Crews return to the Potomac River to recover wreckage from DC midair collision
Crews are on the scene on the Potomac River to retrieve the submerged wreckage of an airliner and an Army helicopter that collided midair in the deadliest U.S. air disaster since 2001
February 03
February 03
Investors are betting Musk and Tesla will make a fortune under Trump even as threats mount
For Elon Musk fans, it’s the half-trillion dollar bet
February 03
February 03
Microsoft founder Bill Gates explores the making of his internal operating system in new memoir
With his 70th birthday looming on this year’s horizon, Microsoft founder Bill Gates looked inward to open a window into the man behind Windows and other seminal software that turned the personal computer into a household staple
February 03
February 03
Lawsuit alleges first deaths from disastrous 2023 train derailment in Ohio
A new lawsuit alleges for the first time that people died because of the disastrous 2023 East Palestine train derailment
February 03
February 03
UK's biggest water company seeks court approval for emergency funding to prevent nationalization
Britain's largest water company Thames Water is seeking court approval for up to $3.7 billion of emergency funding to prevent the cash-strapped firm from falling into government administration
February 03