Business News

Moody’s Ratings stripped the U.S. government of its top credit rating Friday, citing successive governments’ failure to stop a rising tide of debt

Consumer attitudes soured in May for the fourth consecutive month, even as President Donald Trump dialed back some tariffs. The reading came in below the level economists expected.

U.S. health officials have endorsed the first blood test that can help diagnose Alzheimer’s

A federal judge in Texas struck down guidance from a government agency specifying protections against workplace harassment based on gender identity and sexual orientation

There's more muddle now to an issue that has split the photographic community

Oklahoma state officials have announced a deal with a private company in the United Arab Emirates for a $4 billion aluminum manufacturing facility in northeast Oklahoma

Missouri’s governor says he will call the Legislature into a special session to consider incentives aimed at keeping the Kansas City Chiefs and Royals from moving to Kansas

Between collections resuming, courts challenging student loan programs and layoffs in the Education Department, borrowers might be confused about the status their student loans

The survey marks four consecutive months of dampening consumer sentiment.

Pharmaceutical company Novo Nordisk, maker of blockbuster weight loss drug Wegovy, says its CEO is stepping down

Vietnam's state media say the government has approved a $1.5 billion proposal by the Trump Organization and its Vietnamese partner to build golf courses, hotels and real estate projects in the Southeast Asian country

Vietnam and Thailand have upgraded their ties to strategic partnership

U.K. Prime Minister Keir Starmer says European leaders have agreed with U.S. President Donald Trump that Russia’s position in ceasefire talks is unacceptable and they intend to coordinate a response

A construction magnate and more than a dozen other people have surrendered to police on criminal negligence charges for the collapse of a Bangkok high-rise during a March 28 earthquake

A construction magnate and others report to police over criminal charges for Bangkok building collapse during earthquake

Asian shares are mixed after Wall Street drifted higher following various reports on the U.S. economy

Stay up to date on the developing stories making headlines.

Federal prosecutors say that a California man who tried to evade arrest by jumping into a lake with an underwater scooter has pleaded guilty in connection with a $35 million investment fraud scheme

The United Nations is forecasting slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions

Trump this week criticized the company's choice to build more supply in India.

Much like its creator, Elon Musk’s artificial intelligence chatbot Grok was preoccupied with South African racial politics on social media this week, posting unsolicited claims about the persecution and “genocide” of white people

Most U.S. stocks drifted higher following a mixed set of reports on the U.S. economy

Business travel to the U.S. fell 9% in April as companies and workers grappled with economic uncertainty and anger over the Trump administration’s tariffs and border policies

After posting solid first-quarter sales, Walmart warned that it may have to raise prices because of higher costs from tariffs implemented by President Donald Trump.

The average rate on a 30-year mortgage in the U.S. rose this week, returning to where it was just three weeks ago

China will allow visa-free entry for nationals of five Latin American countries for one year to boost closer connections with the region

Economists widely expect importers to pass along some of the tax to consumers.

Price hikes at one of the nation’s largest retailers are expected to come later this month, according to CFO John David Rainey.

ABC News’ Alexis Christoforous reports on data released from the federal government’s producer price index.

U.S. wholesale prices dropped unexpectedly in April for the first time in more than a year despite President Donald Trump’s sweeping taxes on imports

U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs

U.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over how President Donald Trump’s tariffs will impact the economy

Walmart’s first quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump

Estonia is warning that Russia appears willing to defend with military force its shadow fleet of aging tankers dodging international sanctions to keep oil revenue flowing

Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company this year as business leaders struggle with U.S. President Donald Trump’s threatened tariffs

With grocery prices at all-time highs, Consumer Reports is warning that some supermarkets across the country are overcharging customers for some products marked as being on sale.

Spain’s airport authority will begin limiting access to Madrid’s airport during some parts of the day as a preventive measure to stop more homeless people from sleeping in terminals

Prices are rising rapidly for some everyday items like coffee and beef.

The British economy grew at its fastest rate in a year during the first quarter of 2025, in a welcome boost to the Labour government, which has made lifting the country’s growth its number one priority

Australia’s newly reelected Prime Minister Anthony Albanese has met with Indonesian President Prabowo Subianto in Jakarta

Asian shares are mostly lower after U.S. stocks drifted to a mixed close on Wall Street

As the Trump administration resumes collections on defaulted student loans, hundreds of thousands of older Americans with decades-old debts are now at risk of having their Social Security checks garnished

Elmo, Abby Cadabby and the rest of the “Sesame Street” gang will get some high-profile help as they travel down a new road

Colombian lawmakers have once again blocked President Gustavo Petro’s efforts to overhaul labor laws

The chair of Tesla sold more than $230 million in company stock since Elon Musk’s endorsement of Donald Trump alienated car buyers and dragged profits lower

Stocks drifted to a mixed close on Wall Street, holding on to most of the gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war

There were cheers when Republicans on the House Ways and Means Committee signed off on the GOP tax breaks bill after a round-the-clock session that pushed President Donald Trump’s package past overwhelming Democratic opposition

More than 2,000 Starbucks baristas at 120 U.S. stores have gone on strike since Sunday to protest a new company dress code

Maryland has lost its triple-A bond rating from Moody’s

Sen. Ted Cruz asked whether a hotline between military and civilian air traffic controllers in Washington, D