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ABCNews.com

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Economy

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Prosecutors seek 'very substantial' prison time for Avenatti

5:58
Prosecutors are urging a judge to impose a “very substantial” prison sentence on Michael Avenatti for trying to extort millions of dollars from Nike

5 Apple Daily execs arrested under Hong Kong security law

2:43
Hong Kong reports say police have arrested the chief editor and four other senior executives of the pro-democracy Apple Daily newspaper under the national security law

Ukraine police seize cash in raids on major ransomware gang

0:32
Ukrainian police have carried out nearly two dozen raids targeting alleged associates of a ransomware gang it blamed for a half billion dollars in cyberattacks and extortion that hit the United States and South Korea especially hard

Southwest still struggling with flight delays, cancellations

0:00
Southwest Airlines is seeing higher numbers of canceled and delayed flights for a third day as it tries to recover from technology glitches earlier this week

Senators press Interior Secretary Haaland on oil lease pause

0:00
Both Republican and Democratic senators are pressing Interior Secretary Deb Haaland for answers after a federal court blocked the Biden administration’s suspension of new oil and gas leases on federal lands and waters

Oracle, La-Z-Boy fall; General Motors, Rambus rise

22:22
Stocks that traded heavily or had substantial price changes Wednesday: Oracle, La-Z-Boy fall; General Motors, Rambus rise

How major US stock indexes fared Wednesday

22:22
Stocks fell on Wall Street and bond yields rose Wednesday after Federal Reserve officials signaled they may start easing off the accelerator on their massive support for markets and the economy earlier than previously thought

Millions fear eviction as housing crisis worsens

21:17
Two studies released Wednesday found that the nation’s housing availability and affordability crisis is expected to worsen significantly following the pandemic

COVID-19 cases delay long-awaited Royal Caribbean cruise

21:17
Royal Caribbean International is postponing for nearly a month one of the highly anticipated first sailings from the U.S. since the pandemic began because eight crew members tested positive for COVID-19

Fed sees faster time frame for rate hikes as inflation rises

20:44
The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation

Amazon allots $300 million for housing near mass transit

20:44
Amazon is providing $300 million in low-interest loans to support housing located near mass transit in the Washington, D

Text of the Federal Reserve's statement after its meeting

20:44
Below is the statement the Fed released Wednesday after its policy meeting ended: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. Progress on vaccinations has reduced the spread of COVID-19 in the United States. Amid this progress and strong policy support, indicators of economic activity and employment have strengthened. The sectors most adversely affect...

Portland, scarred by unrest and violence, tries to come back

19:38
Until a year ago, Portland, Oregon, was best known nationally for its ambrosial food scene, craft breweries and “Portlandia” hipsters

Self-driving car pioneer Waymo gets $2.5B to fuel ambitions

19:38
The self-driving car pioneer that was spun off from Google isn’t allowing a recent wave of executive departures to detour its plans to expand its robotic taxi service
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