Business News

Latest Business Video

Latest Business Headlines

May 24

Trump wants to create manufacturing jobs. His tech allies help automate them.

"There's a fundamental conflict between these goals," one expert says.
May 24
The Tesla humanoid robot Optimus Gen-2 and Tesla new energy electric vehicles on display in a Tesla store in Shanghai, China on May 15, 2025.
May 23

Tech expert unpacks Trump’s threat to add a 25% tariff to the iPhone

ABC News’ Stephanie Ramos spoke with Victoria Song, a senior reviewer for The Verge, about whether Apple can meet President Donald Trump’s demand to manufacture iPhones in the U.S.
May 23
VIDEO: Tech Expert unpacks President Trump’s threat to add a 25% tariff to the iPhone
May 23

Jet engine maker Pratt & Whitney reaches tentative agreement with striking machinists

Jet engine maker Pratt & Whitney says it has reached a tentative agreement with the union representing about 3,000 machinists in Connecticut
May 23
FILE - This file photo taken Feb. 5, 2010, shows a "Pratt & Whitney Dependable Engines" emblem at the plant in East Hartford, Conn. (AP Photo/Jessica Hil, filel)
May 23

McDonald's is closing its CosMc's restaurants but plans to test drinks the chain 'inspired'

McDonald’s says it's closing down CosMc’s, a new restaurant format it began piloting in the U.S. last year
May 23
FILE - A McDonald's sign is seen in Philadelphia, Monday, April 26, 2021. (AP Photo/Matt Rourke, File)
May 23

Stocks close down as Trump threatens tariffs on Apple and European Union

The market dip erases some gains in recent weeks as Trump rolled back levies.
May 23
Traders work on the floor of the New York Stock Exchange (NYSE) on May 21, 2025 in New York City.
May 23

Trump says US Steel will keep HQ in Pittsburgh as part of $14B 'partnership' with Japan-based Nippon

President Donald Trump says U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a “planned partnership” between the iconic American steelmaker and Japan-based Nippon Steel, which has sought to buy it
May 23
FILE - A person walks past a Nippon Steel Corporation sign at the company headquarters on Jan. 7, 2025, in Tokyo. (AP Photo/Eugene Hoshiko, File)
May 23

Here's a look at recent aircraft tragedies, mishaps and close calls

At least three people were killed when a private jet crashed into a San Diego neighborhood Thursday morning, adding to the long list of aviation disasters this year
May 23
Authorities work the scene where a small plane crashed into a San Diego neighborhood, setting several homes on fire and forcing evacuations along several blocks early Thursday, May 22, 2025. (AP Photo/Gregory Bull)
May 23

Publix recalls baby food pouches after testing finds elevated levels of lead

The Publix supermarket chain is recalling fruit and vegetable baby food because testing found elevated levels of lead
May 23
FILE - A Publix grocery store is seen, Aug. 9, 2023, in Neptune Beach, Fla. (AP Photo/Mark Long, File)
May 23

What issues to watch as 'big, beautiful bill' moves to the Senate

House Republicans are jubilant about muscling through President Donald Trump’s “big, beautiful” tax and immigration package by a single vote
May 23
File - The Capitol is seen in Washington, March 25, 2025. (AP Photo/J. Scott Applewhite, File)
May 23

FTC abandons Biden-era effort to block Microsoft's acquisition of Activision Blizzard

The Republican-controlled Federal Trade Commission is abandoning a Biden-era effort to block Microsoft’s purchase of “Call of Duty” video game maker Activision Blizzard
May 23
FILE - The logo for Microsoft, and a scene from Activision "Call of Duty - Modern Warfare," are shown in this photo, in New York, Wednesday, June 21, 2023. (AP Photo/Richard Drew, File)
May 23

The new US ambassador meets Starmer after Trump urges the UK to drill for more oil

U.S. Ambassador Warren Stephens has met Prime Minister Keir Starmer after President Donald Trump urged the U.K. to ditch wind power projects and drill for oil
May 23
US Ambassador to the UK Warren A. Stephens arrives in Downing Street, London, ahead of his meeting with Prime Minister Sir Keir Starmer, Friday, May 23, 2025. (James Manning/PA Wire/PA via AP)
May 23

Trump threatens tariffs on Apple unless iPhone production comes to US. Can it happen?

Trump criticized the company's choice to build more iPhones in India.
May 23
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 23

Homeowners spend on renovations and repairs despite the uncertain economy and higher prices

U.S. homeowners are boosting spending on home renovation projects, bucking a broader pullback by consumers amid diminished confidence in the economy
May 23
FILE - A Home Depot logo sign hands on its facade, Friday, May 14, 2021, in North Miami, Fla. (AP Photo/Wilfredo Lee, File)
May 23

US investment firm Redbird agrees to buy Britain’s venerable Telegraph newspaper

A consortium led by U.S. investment firm Redbird Capital Partners has agreed to buy the publisher of Britain’s 170-year-old Daily Telegraph newspaper for about $674 million
May 23
FILE -The Daily Telegraph newspaper with the front page of French President Emanuel Macron is seen at a supermarket in London, March 21, 2024. (AP Photo/Kin Cheung, File)
May 23

Germany's economy grew by 0.4% in the 1st quarter. That's double the initial estimate

The German economy, Europe’s biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing
May 23
Containers are pictured at a cargo terminal in Frankfurt, Germany, Thursday, May 22, 2025. (AP Photo/Michael Probst)
May 23

'Investment, not tariffs,' says Ishiba after telephone talks with Trump before 3rd round of talks

Japan’s Prime Minister Shigeru Ishiba said Friday that he held telephone talks with U.S. President Donald Trump and agreed to hold “productive” discussion at an upcoming tariff talks between the two sides
May 23
FILE - Workers, back, unload vehicles while a car, center front, is moved to another location of the area, where export vehicles are parked at the Daikoku vehicle terminal center in Yokohama, near Tokyo, April 8, 2025. (AP Photo/Hiro Komae, File)
May 23

This redundant aviation safety net helps keep planes safe when controllers lose contact

News that air traffic controllers directing planes into New Jersey’s busiest airport twice lost both their radar and radios is alarming
May 23
Switches in the cockpit of a United Airlines flight simulator are lit up at the company's training campus in Denver, Friday, May 16, 2025. (AP Photo/Thomas Peipert)
May 22

World stocks are mixed and oil prices slip after Treasury yields ease

World shares are mixed as U.S. Treasury yields ease after a rocky week due to worries in the bond market over mounting U.S. government debt
May 22
Trader Robert Oswald, right, works on the floor of the New York Stock Exchange, Tuesday, May 20, 2025. (AP Photo/Richard Drew)
May 22

Louisiana stifles community air monitoring with threat of million-dollar fines, federal lawsuit says

A coalition of Louisiana environmental groups is suing the state over a law they say violates their free speech rights by restricting them from sharing information about air quality
May 22
FILE - The community of Geismar is seen in the shadow of a chemical and petroleum industrial corridor, that is a known source of ethylene oxide emissions, in Ascension Parish, La., Friday, June 7, 2024. (AP Photo/Gerald Herbert, File)
May 22

Stars convene for amfAR gala to raise millions for AIDS research

Artwork by Adrien Brody and James Franco and a chance to sit courtside at a Knicks game with director Spike Lee were among the starry offerings at the annual amfAR Gala to raise money for AIDS research
May 22
Coleman Domingo poses for photographers upon arrival at the amfAR Cinema Against AIDS benefit at the Hotel du Cap-Eden-Roc, during the 78th Cannes international film festival, Cap d'Antibes, southern France, Thursday, May 22, 2025. (Photo by Scott A Garfitt/Invision/AP)
May 22

Brazil's JBS asks shareholders to overlook opposition and approve a US stock listing

Brazil-based meat giant JBS hopes an upcoming shareholder vote will put it one step closer to a listing on the New York Stock Exchange
May 22
FILE - Workers prep poultry at the meatpacking company JBS, in Lapa, in the Brazilian state of Parana, March 21, 2017. (AP Photo/Eraldo Peres, File)
May 22

FTC dismisses lawsuit against PepsiCo

The Republican-controlled Federal Trade Commission has voted to dismiss a lawsuit against PepsiCo that the previous commission filed in the waning days of the Biden administration
May 22
FILE - In this photo taken May 16, 2011, the Pepsi logo is seen on a delivery truck at Walmart in Springfield, Ill. (AP Photo/Seth Perlman, File)
May 22

Argentina's Milei unveils bold plan to lure billions in undeclared dollars back home

Argentina’s government has unveiled an ambitious scheme to bring billions of undeclared U.S. dollars tucked under mattresses or stashed in foreign bank accounts back into the crisis-prone country
May 22
Argentina's President Javier Milei arrives to vote in city legislatures elections in Buenos Aires, Argentina Sunday, May 18, 2025. (AP Photo/Rodrigo Abd)
May 22

Weight-loss drugs may lower cancer risk in people with diabetes, a study suggests

Researchers are beginning to wonder if blockbuster drugs like Wegovy, Ozempic and Zepbound could play a role in preventing cancer
May 22
FILE - The injectable drug Ozempic is shown, July 1, 2023, in Houston. (AP Photo/David J. Phillip, File)
May 22

What we know about a private plane's fatal crash into a San Diego neighborhood

Authorities say a private plane clipped power lines before slamming into a home in San Diego
May 22
Authorities work the scene where a small plane crashed into a San Diego neighborhood, setting several homes on fire and forcing evacuations along several blocks early Thursday, May 22, 2025. (AP Photo/Gregory Bull)
May 22

Tax bill passed by House Republicans would gut Biden-era clean energy tax credits

The budget reconciliation bill passed by House Republicans early Thursday would gut clean energy tax credits that Democrats approved three years ago
May 22
In this image from video, Speaker of the House Mike Johnson, R-La., announces the final vote total after the House of Representatives passed President Donald Trump's big bill of tax breaks and program cuts after an all-night session at the U.S. Capitol in Washington, Thursday, May 22, 2025. (House Television via AP)
May 22

Here's a look at recent aircraft tragedies, mishaps and close calls

At least three people were killed when a private jet crashed into a San Diego neighborhood Thursday morning, adding to the long list of aviation disasters this year
May 22
Authorities work the scene where a small plane crashed into a San Diego neighborhood, setting several homes on fire and forcing evacuations along several blocks early Thursday, May 22, 2025. (AP Photo/Gregory Bull)
May 22

Bitcoin hits record high, past $110,000 for 1st time

Ether, the second-largest cryptocurrency, jumped 6%. The $TRUMP memecoin, a cryptocurrency launched by President Donald Trump in January, increased by nearly 6%.
May 22
Ether, the second-largest cryptocurrency, jumped 6%. The $TRUMP memecoin, a cryptocurrency launched by President Donald Trump in January, increased by nearly 6%.
May 22

Average rate on a US 30-year mortgage rises to 6.86%, its highest level since mid-February

The average rate on a 30-year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers that threatens to slow sales further this spring homebuying season
May 22
FILE - A sign announces the sale of a new home, Jan. 16, 2024, in Kennesaw, Ga. (AP Photo/Mike Stewart, File)
May 22

RFK Jr.'s MAHA report raises concerns about vaccines, American foods and prescription drugs

A new government-issued report reflects some of the most controversial views on vaccines, the nation’s food supply, pesticides and prescription drugs held by Health and Human Services Secretary Robert F
May 22
President Donald Trump, seated and center, listens during a Make America Healthy Again (MAHA) Commission Event in the East Room of the White House, Thursday, May 22, 2025, in Washington. (AP Photo/Jacquelyn Martin)
May 22

Mercedes-Benz will establish its North American HQ in Georgia, moving hundreds of jobs

Mercedes-Benz plans to establish its North American headquarters in metro Atlanta, where the automaker will expand its existing U.S. corporate hub by adding hundreds of jobs relocated from other cities
May 22
May 22

Senate votes to block California’s rule banning the sale of new gas-powered cars by 2035

The Senate has voted to block California’s first-in-the nation rule banning the sale of new gas-powered cars by 2035
May 22
Traffic converges on a freeway Thursday, May 22, 2025, in Los Angeles. (AP Photo/Jae C. Hong)
May 22

Bitcoin hit a record high. Here's why.

The price of bitcoin surged past $110,000 for the first time.
May 22
Golden Bitcoin coins lie on a US dollar banknote.
May 22

EU foreign policy chief calls on Serbia to make a 'strategic choice' between West and East

European Union’s foreign policy chief says that membership candidate Serbia faces a “strategic choice” of direction
May 22
European Union foreign policy chief Kaja Kallas addresses the media after talks with Serbia's top officials in Belgrade, Serbia, Thursday, May 22, 2025. (AP Photo/Darko Vojinovic)
May 22

April home sales slow with high mortgage rates, prices, putting chill into spring buying season

Sales of previously occupied U.S. homes fell in April, as elevated mortgage rates and rising prices discouraged prospective home shoppers during what’s traditionally the busiest time of the year for the housing market
May 22
FILE - A sale sign stands outside a home on the market Thursday, Oct. 17, 2024, in the east Washington Park neighborhood of Denver. (AP Photo/David Zalubowski, File)
May 22

FDA panel debates COVID vaccine recipe as questions swirl about fall shots

Government vaccine advisers are meeting to decide if the recipe for COVID-19 vaccines needs updating for this fall and winter
May 22
Food and Drug Administration (FDA) commissioner Marty Makary speaks during a news conference on the FDA's intent to phase out the use of petroleum-based synthetic dyes in the nation's food supply at the Hubert Humphrey Building Auditorium in Washington, Tuesday, April 22, 2025. (AP Photo/Jose Luis Magana)
May 22

US filings for jobless aid, a proxy for layoffs, inch down modestly last week

The number of Americans filing unemployment claims last week fell slightly as businesses continue to retain employees despite growing economic uncertainty over U.S. trade policy
May 22
FILE - A hiring sign is displayed at a grocery store in Glenview, Ill., Monday, Nov. 25, 2024. (AP Photo/Nam Y. Huh, File)
May 22

A wave of new owners brings fresh energy to independent bookselling

Amber Salazar is the kind of idealist you just knew would end up running a store like Banned Wagon Books
May 22
This photo provided by Amber Salazar shows books at the Third Annual Winter(ish) Market hosted by Lost Friend Brewing Company, Nov. 30, 2024, in Colorado Springs, Colo. (Amber Salazar via AP)
May 22

Thailand's ex-Prime Minister Yingluck ordered to pay for losses from a rice subsidy program

A Thai court has ordered exiled former Prime Minister Yingluck Shinawatra to pay more than $304 million to compensate for losses incurred by a money-losing rice farming subsidy program that her government had implemented more than a decade ago
May 22
FILE -Former Thailand's Prime Minister Yingluck Shinawatra talks to reporters as she arrives at the Supreme Court for last day of the hearing in Bangkok, Thailand, July 21, 2017. (AP Photo/Sakchai Lalit, File)
May 22

Trump's big tax bill has passed the House. Here's what's inside it

House Republicans have taken a major step forward on President Donald Trump’s agenda
May 22
President Donald Trump gestures during a business roundtable, Thursday, May 15, 2025, in Doha, Qatar. (AP Photo/Alex Brandon)
May 22

Fewer study and work visas lead to halving in net migration in the UK in 2024

Fewer work and study visas contributed to a near-halving in net migration into the U.K. — the number of people moving to the U.K. minus the number of those moving abroad — in 2024
May 22
FILE - A passenger arrives from a flight at Terminal 5 of Heathrow Airport in London, Aug. 2, 2021. (AP Photo/Matt Dunham, File)
May 22

US tariff hikes, Myanmar war and sea disputes will top ASEAN summit agenda

The civil war in Myanmar, maritime disputes in the South China Sea and U.S. tariff hikes will top the agenda of a two-day Southeast Asian summit next week
May 22
Malaysian Prime Minister Anwar Ibrahim speaks at a media briefing in the government capital of Putrajaya, Malaysia, ahead of a series of summits of the Association of Southeast Asian Nations next week, Wednesday, May 21, 2025.(AP Photo/Eileen Ng)
May 22

Crypto industry saw Trump as a champion, now fear he's putting personal profits first

President Donald Trump has hosted top investors for one of his cryptocurrency projects at his luxury golf course in Northern Virginia
May 22
Demonstrators protest near Trump National Golf Club Washington DC before the arrival of President Donald Trump in Sterling, Va., Thursday, May 22, 2025. (AP Photo/Rod Lamkey, Jr.)
May 22

Kenyans worry a US duty-free trade deal might end and expose them to Trump's tariffs

It’s crunch time for the maker of Levi’s and Wrangler jeans in Kenya’s capital
May 22
FILE -A label reading "Levis" on a pair of Levi Strauss & Co jeans is displayed at a production line at United Aryan EPZ Limited in Ruaraka on the outskirts of Nairobi, Kenya, March. 21, 2025. (AP Photo/Andrew Kasuku, File)
May 22

Here's the late changes Republicans made to Trump's big bill

Republicans have made several late changes to their tax cut and immigration bill
May 22
House Majority Leader Steve Scalise, R-La., center, and House Majority Whip Tom Emmer, R-Minn., right, talk as Speaker of the House Mike Johnson, R-La., left, speaks during a news conference at the Capitol, Tuesday, May 20, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)
May 21

Senate clears way to block clean air standards in California, including vehicle emission rules

Senate Republicans have voted to establish a new precedent that will allow them to roll back clean air standards in California, including a rule phasing out the sale of new gas-powered cars by 2035
May 21
Senate Majority Leader John Thune, R-S.D., speaks to reporters at the Capitol, Tuesday, May 20, 2025, in Washington. (AP Photo/Manuel Balce Ceneta)
May 21

Asian shares slip as worries about U.S. debt send Wall St tumbling

Asian shares have followed Wall Street lower after shares slumped under pressure from the bond market due to worries over U.S. debt
May 21
Traders Fred Demarco, left, and Peter Tuchman, right, work on the floor of the New York Stock Exchange, Tuesday, May 20, 2025. (AP Photo/Richard Drew)
May 21

Industry leaders urge Senate to protect against AI deepfakes with No Fakes Act

Tech and music industry leaders testified about the dangers of deepfakes made with artificial intelligence on Wednesday, urging lawmakers to pass legislation that would protect people’s voices and likenesses from replication without consent
May 21
Senate Judiciary Subcommittee on Privacy, Technology, and the Law Chair Sen. Marsha Blackburn, R-Tenn., speaks during a hearing on AI deepfakes, Wednesday, May 21, 2025, in Washington. (AP Photo/Jacquelyn Martin)
May 21

Dow closes down 800 points as bond sell-off rattles markets

The bond sell-off coincided with deficit concerns over a tax cut bill.
May 21
Traders Fred Demarco, left, and Peter Tuchman, right, work on the floor of the New York Stock Exchange, May 20, 2025.
May 21

Why are more shoppers struggling to repay 'buy now, pay later' loans?

Short-term lender Klarna says more customers are having trouble repaying their “buy now, pay later” loans
May 21
FILE - People shop for shoes in a Nike store on Nov. 25, 2022, in New York. (AP Photo/Julia Nikhinson, File)