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ABCNews.com

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Find breaking news and business news on Wall Street, stocks, the economy, banking, interest rates and mortgages, loans and credit cards, mutual funds and retirement and gas prices.

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http://abcnews.go.com/

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Economy

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Canada's Carney defends his visit to Saudi Arabia and slams criticism from afar

13:24
Canadian Prime Minister Mark Carney is defending his decision to visit Saudi Arabia despite its poor human rights record

Ex-Epoch Times CFO pleads guilty in $67M multinational money laundering scheme

13:24
The former chief financial officer of The Epoch Times, a conservative multinational media company, interrupted jury selection at his money laundering trial to plead guilty to conspiracy

Andreessen, Chetty among leaders of Fed's new task forces evaluating operations

13:24
Venture capitalist Marc Andreessen, economist Raj Chetty and former Bank of England governor Mervyn King are among a slate of names released by the Federal Reserve Thursday that will help develop recommended changes to the central bank’s operations

LA uses World Cup to show off upgraded public transit and test plans to hold car-free Olympics

13:24
Los Angeles officials have urged fans to chose public transit over driving during the 2026 FIFA World Cup

Africa secures $900 million in new clean cooking commitments

13:24
African countries have secured $900 million in new financial commitments to expand access to clean cooking

New York sues 3M, DuPont and other companies over so-called forever chemicals

13:24
New York’s attorney general is suing several large chemical and agricultural companies, alleging they knowingly sold harmful so-called forever chemicals used in cosmetics, non-stick cookware and other products

Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costs

13:24
The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers

US home prices hit an all-time high as sales slow and mortgage rates rise

13:24
Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges

Ukrainian drones batter Russian oil facilities and set more oil tankers ablaze

13:24
Ukrainian drones have hit more Russian oil facilities and set two oil tankers ablaze in the Sea of Azov, a day after U.S. President Donald Trump pledged to grant Ukraine a license to manufacture the Patriot air defense systems

World shares are mixed and oil prices slip after Iran and US launch fresh attacks

13:24
World shares are mixed and oil prices have slipped after conflict escalated in the Middle East, with Iran and the U.S. launching fresh attacks

Police detain 2 teens after a joy ride in a Waymo in Northern California

13:24
Police have detained two 15-year-olds who they say were drinking and shooting water beads while riding a self-driving Waymo around town

Keystone Pipeline system's operator agrees to pay a $26.9M penalty over a major Kansas oil spill

9:28
A proposed legal settlement with the U.S. government would require the Keystone Pipeline system’s operator to pay a civil penalty of nearly $27 million over a major oil spill in Kansas in December 2022

Oil prices jump and Asian shares slip as US and Iran carry out airstrikes

9:28
Oil prices have jumped and Asian shares are mostly lower after the U.S. carried out airstrikes and Iran retaliated

Typhoon Bavi weakens but still brings strong winds and rain to China

3:29
Typhoon Bavi has weakened to a tropical storm but it's still bringing strong winds and heavy rain to parts of China
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