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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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24 items/day

US economy grew 5.7% in 2021 in rebound from 2020 recession

15:35
The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020′s brief but devastating coronavirus recession

US weekly jobless claims fall for the first time in a month

14:57
Fewer Americans applied for unemployment benefits last week following three straight increases economists blamed on the surge in cases of the omicron variant of COVID-19

Israel, Cyprus, Greece power cable link secures EU funding

14:57
Cyprus’ energy minister says the European Union has earmarked 657 million euros ($736 million) for the construction of a 2,000-megawatt undersea electricity cable linking the power grids of Israel, Cyprus and Greece

Report: 5,000-plus deaths under Ethiopia's Tigray blockade

14:17
Nearly 1,500 people died of malnutrition in just part of Ethiopia’s blockaded Tigray region over a four-month period last year, including more than 350 young children, a new report by the region’s health bureau says

Ukraine crisis updates: What to know as tensions rise

14:17
The United States and NATO have made no concessions to the main Russian demands to resolve the crisis over Ukraine

Biden says 14.5M get health care under Obama law, with help

14:17
President Joe Biden says 14.5 million Americans got private health insurance for this year under the Obama-era health law, thanks to help from his administration

McDonald's ends 2021 strong, but costs rising

13:40
McDonald’s ended 2021 on a high note, with U.S. customers spending more and fewer restaurant closures in Europe

Southwest posts $68 million 4Q profit, expects higher costs

13:40
Thanks to strong passenger traffic over the winter holidays, Southwest Airlines is reporting a $68 million profit for the fourth quarter

Tata group regains control of debt-laden Air India

12:26
Tata Sons, India’s oldest and largest conglomerate, has regained ownership of the country’s debt-laden national carrier Air India

Buttigieg vows help as US car fatalities keep spiking higher

11:49
Transportation Secretary Pete Buttigieg is vowing to help to stem a rising U.S. epidemic of car fatalities

Deutsche Bank sees biggest annual profit in a decade

10:40
Deutsche Bank reaped its best annual profit in 10 years and said it had put most of its wrenching, years-long restructuring behind it

Australia's Woodside Petroleum pulls out of Myanmar projects

10:05
Australia’s Woodside Petroleum says it is withdrawing from projects in strife-torn Myanmar, following a similar decision by Total and Chevron

Dubai regulator issues massive fine on Abraaj founder

10:05
A regulatory body in Dubai is fining the Pakistani-born founder of Abraaj Group a staggering penalty of $135.5 million

EU launches WTO action against China over Lithuania row

8:23
The European Union says it's launched action against China at world trade’s governing body for discriminatory practices against Lithuania

Asian stocks slump after Fed says US rates will rise 'soon'

7:13
Asian stock markets have tumbled by unusually wide margins after the Federal Reserve indicated it plans to start raising interest rates soon to cool inflation
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