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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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JPMorgan Chase profit hits $16.9 billion in the second quarter, boosted again by market volatility

13:49
JPMorgan Chase said Tuesday that it earned $16.9 billion in the second quarter as its equities trading division again took advantage of market volatility triggered by the war in Iran

China’s passenger car exports are up 80% in June as EV demand grows

13:49
China has reported its exports of passenger cars surged 80% in June from a year earlier, while domestic sales sank 26%, according to an industry group

Modi and Prabowo seal a deal for Indonesia to acquire India's BrahMos missiles

13:49
India's Prime Minister Narendra Modi and Indonesia’s President Prabowo Subianto have sealed a major defense deal, allowing Jakarta to acquire Indian BrahMos supersonic cruise missiles

US airlines chase profits in premium cabins, deepening a fare class divide on flights

13:49
America’s biggest airlines are expanding their premium cabins and adding more luxury perks to attract high-paying passengers

Polymarket is in a high-stakes race to win back trust as it recommits to US market

13:49
After four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public

US jobless claims dip modestly to 215,000 last week

13:49
The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low

Meta plans billions for first AI data center in Canada, largest outside the US

13:49
Facebook and Instagram parent Meta said Wednesday it will invest more than 13 billion Canadian dollars ($9.1 billion) to build its first artificial intelligence data center in Canada and its largest outside the United States

How to tackle estate planning basics in 6 steps

13:49
Contemplating your own death or disability isn’t particularly pleasant, but estate planning can bring peace of mind for you and your family

Wall Street mixed early with chip stocks giving up early week gains

13:49
U.S. markets were mixed early as technology stocks gave back a chunk of the gains from their rally on Monday

Congressional committee on China asks Wizards and Capitals owner to cut ties with Alibaba

13:49
The owner of Washington’s NBA and NHL teams received a letter from the chair of the House Select Committee on China asking him to cut ties with Alibaba, the Chinese tech giant that has gone to court to dispute the Pentagon’s designation of the corporat...

Oil prices jump as fighting flares in the Middle East, while AI-led retreat pulls Asian stocks lower

7:52
Oil prices are higher and Asian shares have fallen, dragged lower by losses for artificial-intelligence stocks

Falling gas prices likely cut inflation last month

6:47
Inflation likely cooled last month as gas prices declined, providing consumers with some welcome relief even as renewed combat with Iran has sent oil prices climbing again

China's exports surge 27% from a year earlier as AI boom drives strong demand

6:47
China’s customs agency says its exports accelerated in June, jumping 27% from a year earlier, driven by strong demand due to the boom in artificial intelligence

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

0:45
The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers
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