Business News

Latest Business Video

Latest Business Headlines

1 hour ago

Netflix delivers another strong performance in second quarter while following a familiar script

Netflix on Thursday announced another quarter of steady growth built upon its video streaming service’s more than 300 million subscribers
1 hour ago
FILE- In this Nov. 4, 2017, file photo, the logo of entertainment company Netflix is pictured in Paris. (AP Photo/Christophe Ena, File)
2 hours ago

How major US stock indexes fared Thursday, 7/17/2025

Wall Street rose to more records following some better-than-expected updates on the economy
2 hours ago
2 hours ago

Does an independent Federal Reserve really matter? Experts explain

Stocks tumbled this week after reports that Trump planned to fire the Fed chair.
2 hours ago
The Federal Reserve Board Building is seen as it undergoes renovations, June 10, 2025, in Washington, D.C.
July 17

Average long-term US mortgage rate rises to 6.75%, second straight uptick

The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospective homebuyers
July 17
July 17

US applications for jobless benefits fall again, hitting lowest level since April

The number of Americans filing for unemployment benefits fell last week to the lowest level in three months, a sign that the U.S. labor market remains sturdy despite fears over the impact of widespread U.S. tariffs
July 17
A now hiring and help wanted sign is posted in Morrisville, Pa., Monday, June 9, 2025. (AP Photo/Matt Rourke)
July 17

Retail sales up a surprising 0.6% in June after a May pullback by consumers

After an earlier pullback, consumers picked up their spending in June showing resilience despite anxiety high over tariffs and the U.S. economy
July 17
FILE - Shoppers leave Macy's in Boston, Nov. 29, 2019. (AP Photo/Michael Dwyer, file)
July 17

PepsiCo posts better-than-expected second quarter despite lower US sales

PepsiCo reported better-than-expected earnings and revenue in the second quarter despite sluggish North American sales
July 17
FILE - Plastic bottles of Pepsi are displayed at a grocery store in New York on Nov. 15, 2023. (AP Photo/Ted Shaffrey, File)
July 17

Families, kids most at risk of losing HUD housing with Trump’s proposed time limits

A Trump administration proposal could put more than a million low-income households at risk of losing their government-subsidized housing
July 17
Havalah Hopkins, a single mother who lives in government-subsidized housing with her teenage son, talks with her son as she blows up balloon displays for his birthday, Thursday, July 10, 2025, at their apartment in Woodinville, Wash. (AP Photo/Lindsey Wasson)
July 17

Leaders of the UK and Germany to sign a treaty on defense, trade and migration

U.K. Prime Minister Keir Starmer and German Chancellor Friedrich Merz are signing a treaty Thursday to strengthen defense ties and combat migrant smuggling across the English Channel
July 17
German Chancellor Friedrich Merz, sits, during a meeting with Britain's Prime Minister Keir Starmer at 10 Downing Street in London, Thursday, July 17, 2025. (Leon Neal, Pool Photo via AP)
July 17

Inside the high-stakes battle to win a New York City casino license

Eight projects are vying for a state license to operate a casino in the lucrative New York City market
July 17
This image rendering provided by Hard Rock International, shows the Hard Rock's casino proposal in the Queens borough of New York, adjacent to Citified. (Hard Rock International via AP)
July 17

Canada's Couche-Tard drops offer to buy Japanese 7-Eleven convenience stores

Canadian retail chain Alimentation Couche-Tard is dropping its proposal to acquire Seven & i Holdings Co_, the Japanese operator of the 7-Eleven convenience store chain, citing frustration in ongoing negotiations that showed what it called “a lack of c...
July 17
The logo of Seven & i Holdings Co., the Japanese operator of the 7-Eleven convenience store chain is seen on May 27, 2025, in Tokyo. (Kyodo News via AP)
July 16

Federal utility backs off Tennessee gas plant site after John Rich says he enlisted Trump's help

The nation’s largest public utility says it is looking at other sites for a new natural gas power plant after its preferred location in Tennessee drew heavy public scrutiny, including from country musician John Rich
July 16
FILE - Members of the Tennessee Valley Authority Board of Directors listen to members of the public during a meeting May 8, 2024, in Nashville, Tenn. (AP Photo/George Walker IV, File)
July 16

Whitmer says 'massive economic uncertainty' is to blame on semiconductor project failure in Michigan

A widely anticipated potential semiconductor project that would have brought a new plant to Michigan has fallen through and Gov. Gretchen Whitmer is blaming economic uncertainty
July 16
FILE - Michigan Gov. Gretchen Whitmer speaks with former television journalist Gretchen Carlson, not shown, at an event on April 9, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)
July 16

Inflation is rising but some experts says tariffs might not be the main culprit

Price increases accelerated in June, government data this week showed.
July 16
A UNIQLO clothing store is seen at a shopping mall in Arlington, Virginia, on July 10, 2025.
July 16

How major US stock indexes fared Wednesday, 7/16/2025

President Donald Trump sent the U.S. stock market on a jagged round trip after saying he had “talked about the concept of firing” the head of the Federal Reserve
July 16
July 16

The online gunseller with Donald Trump Jr. on its board makes its market debut. Shares plunge

Online firearms seller GrabAGun Digital Holdings, with the stock ticker “PEW,” made its market debut after board member and son of the U.S. president, Donald Trump Jr., rang the opening bell at the New York Stock Exchange
July 16
GrabAGun CEO Marc Nemati poses for a picture on the floor at the New York Stock Exchange in New York, Wednesday, July 16, 2025. (AP Photo/Seth Wenig)
July 16
July 16

US producer prices unchanged with wholesale inflation remaining under control

U.S. wholesale inflation cooled last month, despite worries that President Donald Trump’s tariffs would push prices higher
July 16
File - A truck loaded with new cars arrives arrives at the Stellantis Belvidere Assembly Plant on Monday, July 10, 2023, in Belvidere. Ill. (AP Photo/Charles Rex Arbogast, File)
July 16

UK inflation rises by more than expected and may slow down rate cuts

UK inflation has risen to a near 18-month high in June as food prices surged for the third month running
July 16
July 16

Edmunds three-row hybrid SUV test: Kia Sorento vs Toyota Highlander

The Kia Sorento Hybrid and Toyota Highlander Hybrid are two strong choices for those willing to sacrifice some interior space, especially in the third row, for exceptional fuel economy and a lower price
July 16
This photo provided by Kia shows the 2025 Sorento Hybrid. The Sorento Hybrid is an enticing option if you're looking for a small SUV with three rows of seating and good mpg. (Courtesy of Kia America via AP)
July 16

World shares are mixed after US inflation update suggests tariffs are causing prices to rise

World shares are mixed after an update on U.S. consumer inflation suggested higher tariffs are causing prices to rise
July 16
Ed Curran works on the floor at the New York Stock Exchange in New York, Wednesday, July 16, 2025. (AP Photo/Seth Wenig)
July 16

How Trump could use a building renovation to oust Fed Chair Powell

President Donald Trump says he's finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project
July 16
FILE - Federal Reserve Board Chairman Jerome Powell listens during a Senate Committee on Banking hearing, June 25, 2025, on Capitol Hill in Washington. (AP Photo/Julia Demaree Nikhinson, File)
July 16

France, UK and Germany to restore Iran sanctions if no progress on a deal

The United Kingdom, France and Germany have agreed to restore tough U.N. sanctions on Iran by the end of August if there has been no concrete progress on a nuclear deal
July 16
FILE - The United Nations flag flies on a stormy day at the U.N. during the United Nations General Assembly, Sept. 22, 2022. (AP Photo/Ted Shaffrey, File)
July 15

Cuban labor minister resigns after sparking backlash

Cuba’s Labor Minister Marta Elena Feitó Cabrera has resigned after controversial comments she made about poverty in the island nation
July 15
A man culls through garbage collecting aluminium cans for recycling, in Havana, Cuba, Tuesday, July 15, 2025. (AP Photo/Jorge Luis Baños)
July 15

Inflation up 2.7% in June compared to last year

KPMG chief economist Diane Swonk breaks down the new June inflation report and dives into why prices increased even after President Donald Trump declared “inflation is dead.”
July 15
VIDEO: Inflation up 2.7% in June compared to last year
July 15

Markets are shrugging off Trump's tariffs. Experts explain why.

Stocks are hitting record highs, despite a flurry of new tariffs.
July 15
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, July 15, 2025.
July 15

Senate votes to move ahead with Trump's request for $9 billion in spending cuts

Senate Republicans have advanced President Donald Trump’s request to cancel some $9 billion in previously approved spending
July 15
Speaker of the House Mike Johnson, R-La., arrives for a news conference at the Republican National Committee headquarters in Washington, Tuesday, July 15, 2025. (AP Photo/J. Scott Applewhite)
July 15

Inflation surged in June as Trump's tariffs took hold

A fresh report on Tuesday marked two consecutive months of rising inflation. ABC News' Alexis Christoforous reports.
July 15
VIDEO: Inflation surged in June as Trump's tariffs took hold
July 15

JP Morgan posts strong 2nd quarter numbers; Dimon warns of tariff, geopolitical risk

JPMorgan’s second-quarter profit fell to $14.2 billion in second quarter, but the New York bank beat Wall Street expectations
July 15
The logo for J.P.Morgan appears above a trading post on the floor of the New York Stock Exchange, Thursday, May 1, 2025. (AP Photo/Richard Drew, File)
July 15

Nissan to close its Oppama plant in Japan to cut costs

Nissan says it is closing its flagship factory in Oppama, Japan, to cut costs and moving all its production there to another plant in southwestern Japan
July 15
Nissan CEO Ivan Espinosa speaks during a press conference at its headquarters in Yokohama, Tuesday, July 15, 2025. (Kyodo News via AP)
July 15

Australian and Chinese leaders seek to boost trade

Australian Prime Minister Anthony Albanese says he raised concerns with Chinese President Xi Jinping about a Chinese naval live-fire exercise near Australia
July 15
Australian Prime Minister Anthony Albanese, right, talks to China's President Xi Jinping, second left, in the Great Hall of the People in Beijing, China, Tuesday, July 15, 2025. (Lukas Coch/AAP Image via AP)
July 15

World shares are mostly higher although worries continue over Trump's tariffs

Shares have opened mostly higher in Europe following gains in Asian markets despite lingering worries about President Donald Trump’s latest updates to his tariffs
July 15
Ed Curran works on the floor at the New York Stock Exchange in New York, Monday, July 14, 2025. (AP Photo/Seth Wenig)
July 15

A Florida county leads the way with a high-tech 911 system

Collier County, Florida, uses one of the most advanced 911 systems in the U.S., allowing callers to send texts and videos
July 15
Dispatchers work emergency calls at the Collier County Emergency Services Center, Friday, July 11, 2025, in Naples, Fla. (AP Photo/Marta Lavandier)
July 15

Nvidia's CEO says it has US approval to sell its H20 AI computer chips in China

Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used for artificial intelligence to China
July 15
In this photo released by Xinhua News Agency, workers set up a robot at the booth of Nvidia ahead of the upcoming third China International Supply Chain Expo (CISCE) in Beijing, on July 14, 2025. (Ju Huanzong/Xinhua via AP)
July 14

U.S. inflation may have worsened last month as Trump's tariffs start to bite

Inflation likely accelerated in June as sweeping tariffs on nearly all imports may have pushed up prices for electronics, appliances, and other goods, economists forecast
July 14
July 14

Tesla's Autopilot system in spotlight at trial over student killed while stargazing

A federal court in Miami began considering Monday whether Elon Musk's car company should share blame for the death of a stargazing university student after a runaway Tesla sent her flying 75 feet through the air and severely injured her boyfriend
July 14
FILE - A Tesla level three Electric vehicle charger is visible, Feb. 2, 2024, in Kennesaw, Ga., near Atlanta. (AP Photo/Mike Stewart, File)
July 14

US imposes a 17% duty on Mexican tomatoes in hopes of boosting domestic production

The U.S. government says it's placing a 17% duty on most fresh Mexican tomatoes after negotiations ended without an agreement to avert the tariff
July 14
FILE - Tomatoes imported from Mexico are for sale in a supermarket in Miami, Wednesday, March 5, 2025. (AP Photo/Lynne Sladky, File)
July 14

Why is the price of bitcoin hitting a record high? Experts explain.

Bitcoin surpassed $120,000 for the first time ever on Monday.
July 14
In this April 3, 2013 photo, a 25 Bitcoin token is displayed in Sandy, Utah.
July 14

Bitcoin surpasses $120,000 for the 1st time

Crypto-friendly legislation made its way through Congress over the past month and investors displayed growing adoption of a new tool for investment in bitcoin.
July 14
Crypto-friendly legislation made its way through Congress over the past month and investors displayed growing adoption of a new tool for investment in bitcoin.
July 14

World shares are mixed as investors focus on tariffs and earnings

World shares are mixed as investors focus on tariffs and corporate earnings updates
July 14
Robert Greason works on the floor at the New York Stock Exchange in New York, Monday, July 14, 2025. (AP Photo/Seth Wenig)
July 14

China's exports jump 5.8% in June as tariffs reprieve prompts a rush of orders

China has reported its exports accelerated in June as a reprieve on U.S. tariffs prompted a rush of orders by companies and consumers
July 14
People pay for their goods at a clothing retail outlet inside a newly opened Chinese e-commerce platform JD.com shopping mall, in Beijing, Monday, June 16, 2025. (AP Photo/Andy Wong)
July 14

India wants air conditioners to be made with milder temperature settings to save energy

The Indian government has proposed requiring the lowest temperature setting on all new air conditioners to be 20 Celsius, or 68 Fahrenheit
July 14
FILE - People purchase air conditioners at a shop on a hot summer day in Srinagar, Indian-controlled Kashmir, June 24, 2025. (AP Photo/Mukhtar Khan, File)
July 14

Search ends for those missing after Yemen's Houthi rebels sink ship in Red Sea

The search for those missing after Yemen’s Houthi rebels sank a ship in the Red Sea has ended as at least four people are presumed dead and 11 others remain unaccounted for
July 14
The Liberian-flagged bulk carrier Magic Seas is seen in Ambelakia Bay, Salamis Island, Greece, Aug. 9, 2022. (Nektarios Papadakis via AP)
July 13

US manufacturers are stuck in a rut despite subsidies and protection from Trump

Democratic President Joe Biden handed out subsidies to chipmakers and electric vehicle manufacturers
July 13
FILE - President Donald Trump talks to workers as he tours U.S. Steel Corporation's Mon Valley Works-Irvin plant, Friday, May 30, 2025, in West Mifflin, Pa. (AP Photo/Julia Demaree Nikhinson, File)
July 13

The EU is delaying retaliatory tariffs on U.S. goods, in hopes of reaching a deal by Aug. 1

The European Union has decided to hold off on imposing retaliatory tariffs on U.S. goods that were set to begin Monday
July 13
FILE - European Commissioner for Trade and Economic Security Maros Sefcovic, right, speaks with European Commission President Ursula von der Leyen, during the weekly meeting of the College of Commissioners at EU headquarters in Brussels, April 9, 2025. (AP Photo/Omar Havana, File)
July 12

Breaking down the summer housing market

Redfin chief economist Daryl Fairweather joined ABC News Live to break down the surprisingly cool summer housing market.
July 12
VIDEO: Breaking down the summer housing market
July 12

Osprey came back from the brink once. Now chicks are dying in nests, and some blame overfishing

The osprey is in decline in one of its key territories and some scientists blame overfishing of menhaden, an important food for the birds
July 12
CORRECTS TO BRYAN, NOT BRIAN - Bryan Watts, research professor and director of the Center for Conservation Biology at The College of William & Mary, looks over at failed osprey nest atop a wooden duck blind on the Lower York River, June 30, 2025, in Gloucester Point, Va. (AP Photo/Stephanie Scarbrough)
July 12

AI will create some new jobs, experts say. Here's what they are

Forecasts of job disruption wrought by AI vary dramatically.
July 12
July 11

Ferrero to buy Froot Loops maker WK Kellogg in $3.1 billion deal

Ferrero, the European confectionery giant behind Nutella and Ferrero Rocher, is set to acquire WK Kellogg Co., the maker of classic American cereals, according to a press release issued Thursday.
July 11
VIDEO: Ferrero to buy Froot Loops maker WK Kellogg in $3.1 billion deal
July 11

Musk's latest Grok chatbot searches for billionaire mogul's views before answering questions

Elon Musk's new AI chatbot, Grok 4, is raising eyebrows for its unusual behavior
July 11
FILE - Tesla and SpaceX's CEO Elon Musk attends the first plenary session on of the AI Safety Summit at Bletchley Park, on Wednesday, Nov. 1, 2023 in Bletchley, England. (Leon Neal/Pool Photo via AP, File)