Business News

Missouri voters have gotten a step closer to getting to decide whether to raise the state’s minimum wage to $15 an hour

A staffing company that performed COVID-19 contact tracing for Pennsylvania and exposed the private medical information of about 72,000 residents will pay $2.7 million in a settlement with the U.S. Justice Department and a whistleblower

U.S. regulators have decided to allow American fishermen to harvest thousands of pounds of a valuable species of tiny fish in the coming years, even as Canadian authorities have shuttered the industry while they grapple with poaching

U.S. stocks finished mixed after the head of the Federal Reserve said the cuts to interest rates that Wall Street craves so much are still likely, even if they’re delayed because of stubbornly high inflation

For one day, workers ruled the world’s biggest streets. Thousands strong marched Wednesday to mark May Day, the first day of the month when workers’ rights are celebrated in demonstrations around the globe. From Seoul to Paris, Istanbul to Berlin, they drew attention to stagnant wages and the high cost of living as they took aim at their governments. In some cases, their governments returned fire. In Turkey, police in riot gear shot rubber bullets and tear gas at thousands of protesters who clashed with officers as they tried to break through a barricade and reach Istanbul’s Taksim square in defiance of a ban. Tear gas also rose from the streets of Paris, where workers seeking higher pay and better conditions were joined by others rankled by the upcoming Summer Games. They torched replica Olympic rings. Standing out in the crowds were the many messages held high on banners or scrawled in pen on simple signs. “We work to live!!! Not to die!!!” read the sign held by a man in...

ABC News business reporter Alexis Christoforous breaks down what this means for the economy.

DoorDash has reported higher-than-expected revenue in the first quarter, as strong growth in U.S. grocery orders helped make up for slowing restaurant demand

Benchmark U.S. crude oil for June delivery fell $2.93 to $79 per barrel Wednesday

Federal regulators say Union Pacific managers undermined their efforts to assess safety at the railroad by coaching employees on how to respond and suggesting they might be disciplined

Do social media users have the right to control what they see — or don’t see — on their feeds

The U.S. economy has faced a months-long stretch of stubborn inflation.

It was a Texas veterinarian who collected samples from dairy farms that confirmed the outbreak of H5N1 bird flu in cattle for the first time

Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals have moved toward better balance over the past year. The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the target range for the federal funds rate,...

Federal Reserve signals interest rates will stay at two-decade high until inflation further cools

Airbnb says it's going to give customers a chance at overnight stays in a Paris museum, a bedroom filled with Ferrari racing cars, and other exotic settings

As companies around the country roll out plans to honor May as Asian American, Native Hawaiian and Pacific Islander Heritage Month, a new report out Wednesday suggests members of those communities are paying more attention than ever to representation

The United States has imposed new sanctions on hundreds of companies and people tied to Russia’s weapons development program, as well as more than a dozen Chinese entities accused of helping Moscow find workarounds to earlier penalties

The beginning of the Change Healthcare cyberattack happened when hackers entered a server that lacked multifactor authentication

Walt Disney World will host dozens of portraits of service members and veterans from the nation’s Painter-in-Chief

Stocks that traded heavily or had substantial price changes on Wednesday: Amazon, Pinterest rise; Starbucks, CVS Health fall

Elon Musk’s move to lay off the department responsible for Tesla’s electric vehicle chargers has touched off worries in the auto industry that EVs from other automakers will have trouble joining Tesla’s network

ABC News business reporter Alexis Christoforous breaks down national business headlines.

U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates

Former President Donald Trump has secured another $1.6 billion worth of shares in Trump Media

Not all moms are the same

The bungled rollout of a new federal student aid form has left millions of students in limbo and some wondering if their college dreams will survive

Ford is recalling nearly 243,000 Maverick small pickup trucks in the U.S. because the tail lights may not illuminate

CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast

Japan’s Prime Minister Fumio Kishida says he will stress the need for a rules-based international order when he attends a meeting of the Organizations for Economic Cooperation and Development in Paris

A subsidiary of Johnson & Johnson is now proposing paying approximately $6.48 billion over 25 years as part of a settlement in the U.S. to cover allegations that its baby powder containing talc caused ovarian cancer

Americans have a message for news organizations as they prepare to cover the 2024 election: About half of Americans say they're concerned that outlets will report inaccuracies or misinformation

Many car shoppers simply want a vehicle that’s practical, easy to drive and relatively inexpensive

The Biden administration says it'll cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed the last of its campuses in 2023 amid accusations of fraud

Some Kansas lawmakers see a chance to lure Kansas City’s two biggest professional sports teams across the Missouri border

Workers and activists around the world are marking May Day with largely peaceful rallies against rising prices and calling for greater rights

U.S. stocks finished mixed after the head of the Federal Reserve said the cuts to interest rates that Wall Street craves so much are still likely, even if they’re delayed because of stubbornly high inflation

A study says the climate phenomenon known as El Nino and not climate change was a key driver in low rainfall that disrupted shipping at the Panama Canal last year

The Biden administration’s move to reclassify marijuana as a less dangerous but still controlled drug was hailed as a monumental step in reshaping national policy

The Taliban takeover three years ago has sent Afghanistan's economy into a tailspin

A Delaware judge has dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social media giant

The U.S. Drug Enforcement Administration is moving toward reclassifying marijuana as a less dangerous drug

The Biden administration is out with new guidelines for tax credits for producers of sustainable aviation fuel

The Federal Reserve emphasized that inflation has remained stubbornly high and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target

An insider trading trial has begun for a financial executive charged with enabling his boss and others to make millions of dollars illegally on news that an acquisition firm was taking former President Donald Trump's media company public

A Delaware judge has granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a merger-related lawsuit filed by two cofounders of the company

At least a dozen people in California and Washington have been sickened with E

Amazon has reported strong results for the first quarter

Florida is on the verge of repealing what’s left of a 16-year-old law that puts climate change as a priority when making energy policy decisions

Starbucks lowered expectations for its full-year sales and profit after a disastrous quarter that saw a slowdown in store visits across the world

U.S. stocks closed out their ugly April with even more losses, cementing the market’s worst month since September