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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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108,9 položek/den

Saudi Ministry of Energy reports limited fire in building at Aramco compound targeted in attack

4:48
The Saudi Ministry of Energy says a limited fire broke out in an administrative building in Aramco, one of the world’s largest oil facilities, that was targeted in the country's Eastern Province

EU sends envoy to Beijing as rising exports from China raise economic anxiety

4:48
The European Union is bracing for a confrontation with China as a trade deficit exceeding $1 billion a day heightens anxiety over potential job losses and pushes the bloc’s political leaders to take a more aggressive approach toward its second-largest ...

IMF chief urges countries to do more to curb debt and regulate AI

4:48
The head of the International Monetary Fund says countries both rich and poor must take faster action to cut debt and counter growing inequality as their economies weather a triple whammy from the AI boom and shocks from wars in the Middle East and Ukr...

US futures slip as oil prices and bond yields rise with markets awaiting latest Fed minutes

4:48
U.S. futures are lower as oil prices tick higher and the bond market climbs ahead of the release of the Federal Reserve’s latest minutes

Americans 75 and older are wealthiest age group, Fed survey finds

2:09
Bolstered by steady gains in the stock market, families headed by someone aged 75 or older are now America’s wealthiest, while the youngest families saw their wealth decline in the past three years, a government report released Friday said

A partial building collapse in Istanbul kills 2 and traps at least 2 more

2:09
A seven-story building in Istanbul has partially collapsed, killing two and trapping at least two other people

Federal Reserve officials expect another rate hike will be needed this year, according to minutes

2:09
Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, minutes released Wednesday from the central bank’s most recent meeting showed

European soccer body UEFA ties financial future to US agency Relevent in 2nd rights sales deal

21:55
European soccer body UEFA has tied more of its financial future to U.S. marketing agency Relevent by signing a national-team competitions exclusive sales deal from 2028 to 2036

US home sales rose in September, but slowed from a year earlier

19:15
Sales of previously occupied U.S. homes rose in September from the previous month, but slowed compared to a year ago, the latest sign the housing market remains stalled as rising mortgage rates and home prices discourage prospective homebuyers

Cyberattack targeting refrigeration systems hits 700 supermarkets

19:15
Cyberattacks have disrupted European supermarket chains, causing refrigeration systems to overheat at hundreds of stores in France

UK's Burnham weighs approval for oil and gas drilling in the North Sea

19:15
British Prime Minister Andy Burnham faces a crucial decision on whether to allow oil and gas drilling in the North Sea

CVS agrees to pay $315 million to settle case over opioid prescriptions

19:15
CVS Pharmacy Inc. and various subsidiaries have agreed to pay $315 million to resolve a Justice Department case alleging it unlawfully dispensed medically unnecessary prescriptions of highly addictive opioids

Kroger to lay off 3K corporate employees over 3 years as it leans into AI

17:40
Grocery store chain Kroger says it will lay off 3,000 corporate employees over the next three years as it ramps up its use of artificial intelligence to streamline operations
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