Business News

Sony Pictures and Apollo Global Management have expressed interest in buying Paramount Global for $26 billion

Apple has posted its steepest quarterly decline in iPhone sales since the pandemic’s outset

The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy

Gov. Andy Beshear is predicting that his recent economic development trip to Germany and Switzerland will reap more business investments in Kentucky

U.S. stocks closed higher and trimmed their losses for the week

The Fed held interest rates steady at a meeting this week.

A study by the nonprofit Brookings Institution says Russian state-affiliated accounts have boosted their use of TikTok and are getting more engagement on the short-form video platform ahead of the U.S. presidential election

Benchmark U.S. crude oil for June delivery fell 5 cents to $78.95 per barrel Thursday

The IRS says it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers

Exxon Mobil’s $60 billion deal to buy Pioneer Natural Resources has received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new company’s board of directors

Stocks that traded heavily or had substantial price changes on Thursday: Qualcomm, Carvana rise; DoorDash, Qorvo fall

The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing market’s busiest stretch of the year

An administrative law judge has ruled that Amazon CEO Andy Jassy violated labor law by making certain anti-union comments during media interviews two years ago

The final cost of the Mets’ sorry 2023 season has been totaled: $420 million

The rate of businesses in the U.S. using AI is still relatively small but growing rapidly

Broadband internet are disrupted in many parts of Nepal as Indian vendors from whom most Nepali private operators source the bandwidth stopped providing the services because of payment defaults

The judge overseeing a pivotal antitrust trial focused on whether Google is stifling competition and innovation has repeatedly indicated he believes it would be difficult for a formidable rival search engine to emerge

A bipartisan group of senators wants restrictions on the use of facial recognition technology by the Transportation Security Administration

Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business

The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recovery

The number of Americans applying for unemployment benefits was unchanged last week and remains historically low as the labor market continues to show resiliency in the face of high interest rates and elevated inflation

Artists from Universal Music Group, which include Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long dispute

The European Union has announced an aid package for Lebanon of 1 billion euros — about $1.06 billion — that will mostly go to strengthening border control to halt the flow of asylum seekers and migrants from the small, crisis-wracked country across the...

Japanese Prime Minister Fumio Kishida has unveiled an international framework for regulation and use of generative AI

Toothbrushes used to be simple, powered only by your hand so they never broke down

Cyprus has given Chevron another six months to come up with a revised plan to develop a sizeable natural gas deposit off the island nation’s southern coastline after an earlier plan was deemed lacking in a specific timetable

U.S. stocks closed higher and trimmed their losses for the week

Microsoft CEO Satya Nadella says the company will invest $2.2 billion over the next four years in new cloud and artificial intelligence infrastructure in Malaysia

Michael Blowen can step outside his house anytime and visit retired racehorses at Old Friends, the thoroughbred retirement farm he founded in Kentucky two decades ago

African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in Africa

The judge presiding over the trial of a military contractor accused of contributing to detainees' mistreatment at the Abu Ghraib prison in Iraq two decades ago is speculating that the jury may not be able to reach a verdict

Consumer groups are pushing Congress to uphold automatic refunds for airline passengers whose flights are canceled or delayed for several hours

Gamers’ appetites for immersive sports video games have not changed much since the heyday of EA Sports' college football

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

Companies continued rewarding investors with healthy dividends in 2023 even as they tread more cautiously with returning profits through stock buybacks

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