Business

(WASHINGTON) — The Justice Department and a group of state attorneys general are expected to announce an antitrust lawsuit against Live Nation as soon as Thursday over Ticketmaster’s dominance over the concert ticket sales market, two sources familiar with the matter told ABC News on Wednesday. Details of the pending lawsuit were not immediately clear. […]

RapidEye/Getty Images (NEW YORK) — Red Lobster has voluntarily filed for Chapter 11 bankruptcy, according to a recent press release shared with ABC News. The largest seafood chain in the U.S., home to Cheddar Bay biscuits, Lobsterfest, Ultimate Endless Shrimp and more, filed the legal action on May 19 in the U.S. Bankruptcy Court for […]

(NEW YORK) — Retail giant Target announced Monday it is lowering prices on around 5,000 items in its stores across the country. The Minneapolis-based retailer said the price cuts are meant to both make sure its prices stay competitive and help consumers who are feeling financially strapped in today’s economy. “We know consumers are feeling […]

The Wendy’s Company (NEW YORK) — Wendy’s is enticing its customers with a new deal amid increased prices at fast food chains. Beginning Monday, May 20, customers can get a breakfast combination deal from Wendy’s for only $3, according to a press release from the chain. The meal combo includes a small portion of seasoned […]

(NEW YORK) — The blazing hot stock market seems to set new records just about every day. The Dow Jones Industrial Average stands above 40,000 for the first time in history, after climbing nearly 20% since October. Over that period, the S&P 500 and the Nasdaq have each soared even higher, climbing 23% and 27% […]

(NEW YORK) — U.S. adults trust former President Donald Trump over President Joe Biden on the issue of inflation by a double-digit margin, according to a new ABC News/Ipsos poll this month, which found that price increases remain a top concern for voters, with less than six months to go until Election Day. In all, […]

(TUSCALOOSA, Ala.) — Thousands of Mercedes-Benz workers in Alabama voted against joining the United Auto Workers (UAW) on Friday, delivering a significant defeat for the union one month after it prevailed at a Volkswagen facility in nearby Tennessee. Workers at a Mercedes-Benz plant near Tuscaloosa, Alabama cast ballots against joining the union by a margin […]

Spencer Platt/Getty Images (NEW YORK) — The Dow Jones Industrial Average crossed 40,000 for the first time in history on Thursday. This is a significant and symbolic milestone for the index that tracks 30 of the most valuable publicly traded companies in the U.S. The Dow is now up about 6% so far this year. […]

(NEW YORK) — As Americans continue to experience sticker shock with volatile food costs, a slight ease of inflation last month could provide relief for consumers’ wallets — particularly at the grocery store. Food prices rose at a much slower pace than overall inflation since the same time last month, the Department of Labor shared […]

(NEW YORK) — Aldi and Hy-Vee shoppers, check your refrigerator for cream cheese products that have been recalled due to possible salmonella contamination. Details of Aldi, Schreiber Foods, and Hy-Vee cream cheese recalls “In cooperation with Schreiber Foods, Inc., and out of an abundance of caution, ALDI Inc., recalls its Happy Farms Whipped Cream Cheese […]