Business

(WASHINGTON) — Consumer prices rose 2.7% in November compared to a year ago, ticking upward from the previous month and potentially giving pause to the Federal Reserve as it weighs an interest rate cut expected next week. The reading matched economists’ expectations. The fresh data marked two consecutive months of rising inflation, extending a bout […]

Drew Angerer/Getty Images (NEW YORK) — A bankruptcy judge rejected the sale of Infowars to The Onion, conspiracy theorist Alex Jones said during his podcast on Tuesday. “We are deeply disappointed in today’s decision but The Onion will continue to seek a resolution that helps the Sandy Hook families receive a positive outcome for the […]

(WASHINGTON) — Fresh inflation data set for release on Wednesday will provide an update on prices ahead of the holidays and help determine the outcome of an interest rate decision at the Federal Reserve slated for next week. A monthslong slowdown of inflation came to an end when price increases accelerated in October, the most […]

(WASHINGTON) — TikTok on Monday requested the emergency pause of a law set to ban the popular social media app next month. A temporary lifting of the measure would afford the Supreme Court time to determine whether it should review the law, the company said in a court filing. The filling arrives days after TikTok — which boasts […]

(NEW YORK) — President-elect Donald Trump this week vowed to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., promising to bolster the domestic steel industry with tariffs. “I am totally against the once great and powerful U.S. Steel being bought by a foreign company, Trump said in a post on Truth […]

(WASHINGTON) — The U.S. Department of Labor is investigating HelloFresh over allegations that the popular meal kit service employed migrant children at a cooking and packaging facility in Illinois as recently as this summer, ABC News has learned. At least six teenagers, at least some of whom migrated from Guatemala, were found working night shifts at the […]

(WASHINGTON) — A federal appeals court on Friday rejected TikTok’s bid to overturn a law banning the platform unless the company finds a new owner. The defeat moves the app closer to a U.S. ban, which is set to take effect on Jan. 19, 2025. TikTok had challenged the law on First Amendment grounds, arguing […]

(WASHINGTON) — A federal appeals court on Friday rejected TikTok’s bid to overturn a law banning the platform unless the company finds a new owner. The defeat moves the app closer to a U.S. ban, which is set to take effect on Jan. 19, 2025. TikTok had challenged the law on First Amendment grounds, arguing […]

(NEW YORK) — The price of bitcoin dropped below $100,000 late Thursday, just a day after topping the milestone for the first time. The world’s largest cryptocurrency continued to slide in early trading on Friday, before recovering some of the losses. The turmoil for bitcoin did not appear to impact other major crypto coins. Ether, the second-largest cryptocurrency, […]

(WASHINGTON) — U.S. hiring surged in November, bouncing back from a dismal performance in the previous month and returning to strong growth. Employers added 227,000 workers last month, exceeding economist expectations of 214,000 additional jobs, U.S. Bureau of Labor Statistics data on Friday showed. The unemployment rate ticked up to 4.2%, which remains historically low. […]