Business News
Walmart's Sam's Club to add 30 stores in next few years
This marks the first expansion since 2017.
January 26, 2023House GOP seeks new restrictions on use of US oil stockpile
For the second time this month, House Republicans are seeking to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already drawn a White House veto threat
January 27, 2023UK Treasury chief: Tax cuts must wait for inflation to fall
Britain’s Treasury chief says taming inflation is more important than cutting taxes
1/27/2023 06:53:43 EST
Latest Business Video
Latest Business Video
Latest Business Headlines
28 minutes ago
US inflation and consumer spending cooled in December
It's evidence that the Fed’s series of rate hikes are slowing the economy.
28 minutes ago
32 minutes ago
An inflation gauge closely tracked by the Federal Reserve slowed in December, and consumer spending fell
An inflation gauge closely tracked by the Federal Reserve slowed in December, and consumer spending fell
32 minutes ago
34 minutes ago
Norway's last Arctic miners struggle with coal mine's end
For more than 100 years, people came to the remote Arctic archipelago of Svalbard to work in coal mines
34 minutes ago
1 hour ago
AmEx profits fall 9% as customers fall behind on payments
American Express saw its fourth-quarter profits fall by 9%, as the credit card giant had to set aside significantly more money to cover potentially bad loans
1 hour ago
2 hours ago
UK Treasury chief: Tax cuts must wait for inflation to fall
Britain’s Treasury chief says taming inflation is more important than cutting taxes
2 hours ago
3 hours ago
Germany hopes to get 'green hydrogen' from Australia by 2030
A senior German official says she hopes her country will receive hydrogen made with renewable energy from Australia by 2030
3 hours ago
January 27
Low-cost fashion chain H&M reports 4th-quarter loss
Low-cost fashion brand H&M says its net profit for the year ending November 2022 fell 68%, while it took a hit of 864 million Swedish kronor ($84 million) in the fourth quarter
January 27
January 27
Adani mulls suing US short-seller as shares sink up to 20%
Shares in India’s Adani Group have plunged up to 20% and the company said it was considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that led investors to ...
January 27
January 27
Wall Street points slightly lower as more earnings come in
Wall Street drifted modestly lower before the bell as investors digest more corporate earnings while waiting for the latest government data on consumer inflation
January 27
January 27
5 women, immense power: Can they keep US from fiscal brink?
It’s the first time in history that the four leaders of the two congressional spending committees are women
January 27
January 27
House GOP seeks new restrictions on use of US oil stockpile
For the second time this month, House Republicans are seeking to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already drawn a White House veto threat
January 27
January 26
US company gets $120 million boost to make 'green steel'
The manufacture of “green steel” moved a step closer Friday as Massachusetts-based Boston Metal announced a $120 million investment to help it produce steel that is far less damaging to the climate than traditional steel
January 26
January 26
South Korea extends restrictions on travelers from China
South Korea says it will continue to restrict the entry of short-term travelers from China through the end of February over concerns that the spread of COVID-19 in that country may worsen following the Lunar New Year’s holidays
January 26
January 26
Lawsuit: Vegas Strip resorts used vendor to fix hotel rates
A federal lawsuit is seeking class-action damages for countless hotel patrons who booked rooms in Las Vegas since 2019
January 26
January 26
Toymaker Hasbro laying off 1,000 to cut costs
Toymaker Hasbro is cutting about 1,000 jobs as part of moves announced last year to save up to $300 million annually by 2025
January 26
January 26
FDA's advisers back plan to simplify COVID-19 vaccinations
The U.S. is poised to make COVID-19 vaccinations more like a yearly flu shot
January 26
January 26
What to know about severance pay amid high-profile layoffs
Experts describe a typical severance package and how workers should negotiate.
January 26
January 26
US sweetens pot to study siting for spent nuke fuel storage
The U.S. government is offering more money to find a solution for storing or disposing of spent nuclear fuel from the nation's commercial nuclear power plants
January 26
January 26
Visa 1Q profits rise 6%, new CEO to take over Feb. 1
Payment processing giant Visa Inc. says its profits in its latest quarter were up 6% from a year earlier, helped by the continued rise of digital payments across the globe
January 26
January 26
Jury: $1M to Oregon woman told 'I don't serve Black people'
A jury has awarded an Oregon woman $1 million in damages after finding she was discriminated against by a gas station employee who told her, “I don’t serve Black people.”
January 26
January 26
How major US stock indexes fared Thursday 1/26/2023
Stocks climbed Thursday to send Wall Street to its highest level in nearly eight weeks following reports suggesting the economy and corporate profits may be doing better than feared
January 26
January 26
Bed Bath & Beyond says it's in default on its loans
Bed Bath & Beyond says it’s in default on its loans and doesn’t have sufficient funds to repay what it owes
January 26
January 26
Tesla, Chevron rise; Wolfspeed, Southwest fall
Stocks that traded heavily or had substantial price changes Thursday: Tesla, Chevron rise; Wolfspeed, Southwest fall
January 26
January 26
Chipotle looks to hire 15,000 amid continuing labor shortage
Restaurants are beginning the new year with a recurring problem: labor shortages
January 26
January 26
Amid gains, railroaders seeking quality-of-life improvements
The contract imposed on railroad workers last fall didn't resolve their quality-of-life issues, but there are indications the major freight railroads might start to address some of their concerns about demanding schedules and the lack of paid sick time
January 26
January 26
Climate groups decry selection of oil chief to oversee COP28
Hundreds of climate and environmental groups from around the world released a letter Thursday that decried the nomination of an oil executive to oversee the United Nations climate negotiations at COP28
January 26
January 26
Town where kids cancer rose blasts deal over polluted site
A proposed settlement between New Jersey and the current owner of a notoriously polluted industrial site is drawing fire from residents of Toms River, where memories of children getting cancer at elevated rates are still a fresh source of pain
January 26
January 26
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for March delivery rose 86 cents to $81.01 a barrel Thursday
January 26
January 26
Colorado baker loses appeal over transgender birthday cake
The Colorado baker who won a partial U.S. Supreme Court victory after refusing to make a gay couple’s wedding cake because of his Christian faith has lost an appeal in his latest legal fight
January 26
January 26
HarperCollins, striking workers agree to federal mediation
HarperCollins Publishers and the union representing some 250 striking employees have agreed to enter into federal mediation, the first sign of a possible settlement since the work stoppage began in early November
January 26
January 26
FDA declines to regulate CBD; calls on Congress for fix
The Food and Drug Administration says there are too many unknowns about CBD products to regulate them as foods or supplements
January 26
January 26
US moves to protect Minnesota wilderness from planned mine
The Biden administration has moved to protect the pristine Boundary Waters Canoe Area Wilderness in northeastern Minnesota from future mining
January 26
January 26
Chevron’s buyback boosts stock, get rebuke from White House
Shares of Chevron climbed Thursday after the oil company announced that it would repurchase $75 billion of its stock
January 26
January 26
Grand jury investigating Goodyear recreational vehicle tires
A federal grand jury in Los Angeles is gathering evidence in a criminal investigation of Goodyear recreational vehicle tires that the government blames for crashes that killed eight people
January 26
January 26
Intl judges reopen Philippines 'war on drugs' investigation
International Criminal Court judges have cleared the way for the court’s prosecution office to resume its investigation into the so-called war on drugs in the Philippines
January 26
January 26
Tyson heir and CFO settles trespassing, intoxication charges
Tyson Foods Chief Financial Officer John R
January 26
January 26
US GDP grew 2.9% in 4th quarter: Commerce Department
ABC News business reporter Alexis Christoforous joins ABC News Live to break down the latest numbers and what they mean for the economy.
January 26
January 26
Average long-term mortgage rate at lowest level in 4 months
The average long-term U.S. mortgage rate fell to its lowest level in more than four months, giving some relief to homebuyers faced with higher prices for just about everything, including homes
January 26
January 26
Major funders call for increased support of Black feminists
The need to increase funding for Black feminist organizations is urgent, according to an open letter from some of philanthropy’s most influential organizations – including Melinda Gates’ Pivotal Ventures, Rihanna’s Clara Lionel Foundation, as well as t...
January 26
January 26
Walmart's Sam's Club to add 30 stores in next few years
This marks the first expansion since 2017.
January 26
January 26
US infiltrates big ransomware gang: 'We hacked the hackers'
Attorney General Merrick Garland and other U.S. officials say the FBI and international partners have at least temporarily disrupted the network of a prolific ransomware gang they infiltrated last year
January 26
January 26
Tech layoffs 2023: Companies that have made cuts
Several companies have cited fears of a recession in their decisions.
January 26
January 26
Russia outlaws top independent news site in latest crackdown
An independent news website that has been critical of Russia’s military action in Ukraine has been declared “undesirable” by the government
January 26
January 26
Eva Green, producers battle in UK court over collapsed film
A lawyer for Eva Green alleges that producers of a collapsed film tried to damage the French actress’ reputation by depicting her as a “diva.”
January 26
January 26
Bosnia: Indian businessman charged with organized crime
Pramod Mittal, the younger brother of Indian steel magnate Lakshmi Mittal, has been charged in Bosnia with organized crime and abuse of office while head of the supervisory board and co-owner of a metallurgical coke producer in the Balkan country
January 26
January 26
Germany apologizes for leopard jibe that upset some Africans
Germany has apologized for using a leopard emoji in a jibe at Russian Foreign Minister Sergey Lavrov on Twitter that ended up offending some Africans
January 26
January 26
How will we know if the US economy is in a recession?
The second consecutive quarter of economic growth that the government reported Thursday underscored that the nation isn’t in a recession despite high inflation and the Federal Reserve’s aggressive interest rate hikes
January 26
January 26
Fewer Americans file for jobless claims last week
Applications for jobless aid in the U.S. fell by 6,000 last week.
January 26
January 26
US economy grew at end of 2022, defying recession fears
The economy weathered interest rate hikes imposed by the Fed.
January 26
January 26
US economy grew at 2.9% pace from October through December despite pressure from high rates and fear of coming recession
US economy grew at 2.9% pace from October through December despite pressure from high rates and fear of coming recession
January 26