Business

(WASHINGTON) — The Justice Department and 30 states filed a major antitrust lawsuit Thursday seeking the breakup of Ticketmaster owner Live Nation Entertainment over what they allege is the company’s unlawful dominance over the concert ticket sales industry. The lawsuit, filed in federal court in the Southern District of New York, accuses the company of […]

(NEW YORK) — For more than three years, rapid inflation has frustrated shoppers scanning store shelves for deals. But a host of prominent companies are finally delivering relief. Target, Ikea, Aldi, McDonald’s and Wendy’s are among several well-known brands that have announced lower prices in recent weeks. “We know consumers are feeling pressured to make […]

(NEW YORK) — As inflation continues to worry Americans, Aldi CEO Jason Hart said the discount grocery chain is focused on keeping grocery prices low as the summer season heats up. Hart joined ABC News’ Good Morning America live Thursday to discuss the summer grocery outlook ahead of Memorial Day. “We don’t really focus on […]

(NEW YORK) — Ting’s Gift Shop in New York City’s bustling Chinatown has shuttered after 66 years in business. The family-run novelty shop, which is situated at the corner of Doyers and Pell streets and distinguished by its vibrant red exterior and abundant merchandise, was a time capsule of goods, offering everything from porcelain soup […]

(WASHINGTON) — The head of the Federal Deposit Insurance Corporation said this week that he would leave his role in the aftermath of a probe that documented widespread allegations of sexual harassment and discrimination at the federal agency. Martin Gruenberg, a Democrat who began a five-year term in 2023, said he will remain in the […]

(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% […]