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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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UN lowers forecast for global economic growth in 2026 over Mideast energy crisis

22:25
The United Nations has lowered its forecast for global economic growth and raised the prospects for inflation in response to Middle East crises and rising oil prices

New Jell-O products swap fruit juice for artificial colors

22:24
Jell-O is getting a line of products made without synthetic colors or artificial sweeteners to meet increasing consumer demand for natural ingredients

Jury acquits 2 business executives of bribing Navy admiral for government contract

22:24
A federal jury has acquitted two business executives of charges that they conspired to bribe a retired four-star U.S. Navy admiral, who is now serving a six-year prison sentence for his conviction on corruption charges

Average US long-term mortgage rate climbs to 6.51%, highest level in nearly nine months

18:41
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up borrowing costs for homebuyers during what’s traditionally the housing market’s busiest time of the year

Taiwan prosecutors investigate 3 people over Nvidia chip smuggling to China

16:33
Authorities in Taiwan are investigating three people for allegedly using forged documents to smuggle computer servers with advanced Nvidia chips to China

Memorial Day: Higher fuel prices have some Americans scaling back their travel plans

16:33
Higher fuel prices and other inflationary pressures are making most forms of travel more expensive as Memorial Day kicks off the summer season in the U.S. Industry forecasts show millions of people still plan to get away during the holiday weekend and ...

Congressional committee asks telecoms to do more to prevent scams as losses surge

16:33
A congressional committee is pressing AT&T, Verizon and T-Mobile to strengthen protections against scams

US jobless aid filings fell to 209,000 last week as layoffs remain low

14:57
Fewer Americans filed for jobless aid last week as layoffs remain low despite a number of uncertainties that continue to cloud the economy

Germany urges EU to offer Ukraine 'associate membership' and boost talks with Russia

14:24
German Chancellor Friedrich Merz wants the EU to consider offering “associate membership” to Ukraine

Walmart delivers strong quarter but also cautious outlook due to economic uncertainty

13:53
Walmart delivered another strong quarter of sales as the discounter’s speedy deliveries and low prices served as a magnet for shoppers across the income spectrum

Asian shares surge after oil prices slip and Wall Street resumes its AI rally

9:04
Shares have rallied across Asia, tracking gains on Wall Street after pressure from the bond market eased and oil prices fell back

Japan records bigger exports and imports in April, despite oil supply concerns

5:53
Japan has reported its exports soared nearly 15% in April from a year earlier as its trade remained robust despite worries over supplies of oil and gas due to the war in Iran

Australian judge fines X $465,000 for online safety breach after 3-year court battle

5:53
An Australian judge has fined X Corp. $465,000 for failing to provide information to an online safety watchdog about how it tackled child sexual exploitation content

'Peanuts' music owner sues 3 companies, government alleging illegal use of tunes

1:34
The owner of the music of “A Charlie Brown Christmas” and other “Peanuts” television specials filed four lawsuits Wednesday over what they say is the illegal use of the jazzy piano tunes of Vince Guaraldi

How major US stock indexes fared Wednesday 5/20/2026

23:26
The U.S. stock market bounced back after pressure eased on Wall Street from the bond market and oil prices gave back some of their big gains
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