Business Archives - Page 2 of 9

Jobs report showed hiring slowed, but exceeded expectations

Friday, May 8

(NEW YORK) -- Hiring slowed in April as a rise in fuel prices hammered shoppers weeks into the war with Iran, U.S. government data on Friday showed.The U.S. added 115,000 jobs in April, according to the report, which marked a cooldown from 178,000 jobs... Read More.

Apple’s $250 million class-action settlement paves way for payouts to iPhone owners

Wednesday, May 6

(NEW YORK) -- Apple has agreed to settle a class-action lawsuit for $250 million after the tech giant was accused of marketing Apple Intelligence technologies that "did not exist" yet, according to a Tuesday court filing.The settlement paves the way for payouts of up... Read More.

Is California at risk of a gasoline shortage amid the Iran war? Experts explain

Wednesday, May 6

(NEW YORK) -- Sky-high gasoline prices are hammering drivers across the United States as the Iran war chokes off global oil supply. California, however, may be feeling the sting more than anywhere else.The average price of a gallon of gasoline in California clocks in... Read More.

Airlines reduce, cap fares for Spirit travelers looking to rebook canceled flights

Saturday, May 2

(NEW YORK) -- The Department of Transportation said on Saturday the majority of airlines will be capping tickets prices for Spirit Airlines travelers who need to rebook their canceled flights.Some carriers have even reduced fares on high volume routes where Spirit used to operate.Spirit... Read More.

Trump says announcement expected today on Spirit Airlines deal

Friday, May 1

(WASHINGTON) -- President Donald Trump said an announcement was expected Friday on Spirit Airlines, amid a report that the airline was preparing to cease operations after a $500 million rescue deal fell apart.The Wall Street Journal first reported that the airline is preparing to... Read More.

US economy grows at solid pace to start 2026

Thursday, April 30

(NEW YORK) -- The United States economy grew at a solid pace over the first three months of 2026, rebounding from sluggish performance at the end of last year, a government report on Thursday showed.The economy grew at an annualized rate of 2% in... Read More.

Fed expected to hold interest rates steady

Wednesday, April 29

(NEW YORK) -- The Federal Reserve on Wednesday will issue its latest announcement on interest rates as gasoline prices in the U.S. reach their highest level in four years. The move marks what may be the central bank's final decision on borrowing costs under... Read More.

Fed chair nominee Kevin Warsh advances to Senate confirmation vote

Wednesday, April 29

(WASHINGTON) -- A Senate committee on Wednesday voted to advance Fed chair nominee Kevin Warsh, clearing a key hurdle in his path to replace Fed Chair Jerome Powell before his term ends next month. Warsh's nomination will move to a confirmation vote on the... Read More.

What to know about the Elon Musk v Sam Altman trial over OpenAI

Tuesday, April 28

(OAKLAND, Calif.) -- Billionaire entrepreneur Elon Musk and prominent AI executive Sam Altman are facing off in court with major implications for OpenAI, the San Francisco-based tech giant led by Altman.The federal case, which concerns OpenAI's evolution from nonprofit to profit-seeking, kicked... Read More.

US gasoline prices hit highest level in 4 years

Tuesday, April 28

(NEW YORK) -- Gasoline prices in the United States hit their highest level in four years on Tuesday as negotiations over the Iran war appeared to show little signs of a resolution.This is a developing story. Please check back for updates.Copyright © 2026, ABC... Read More.

General Motors says it expects $500 million tariff refund after SCOTUS ruling

Tuesday, April 28

(NEW YORK) -- General Motors said on Monday it expects to receive $500 million in refunds from tariffs that were ruled illegal by the Supreme Court.The automaker is now boosting its full-year profit forecast by $500 million, GM CEO Mary Barra said in a... Read More.

United Arab Emirates says it will leave OPEC

Tuesday, April 28

(NEW YORK) -- The United Arab Emirates on Tuesday said it would leave the Organization of the Petroleum Exporting Countries (OPEC) next month.This is a developing story. Please check back for updates.Copyright © 2026, ABC Audio. All rights reserved.

Business

Jobs report showed hiring slowed, but exceeded expectations

Apple’s $250 million class-action settlement paves way for payouts to iPhone owners

Is California at risk of a gasoline shortage amid the Iran war? Experts explain

Airlines reduce, cap fares for Spirit travelers looking to rebook canceled flights

Trump says announcement expected today on Spirit Airlines deal

US economy grows at solid pace to start 2026

Fed expected to hold interest rates steady

Fed chair nominee Kevin Warsh advances to Senate confirmation vote

What to know about the Elon Musk v Sam Altman trial over OpenAI

US gasoline prices hit highest level in 4 years

General Motors says it expects $500 million tariff refund after SCOTUS ruling

United Arab Emirates says it will leave OPEC

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