Business

(WASHINGTON) — President Joe Biden declared triumph on bread-and-butter issues in his State of the Union address, describing the U.S. economy as “the strongest in the world.” Still, he said, conditions must improve for middle-class Americans, pointing for instance to high costs in the housing market that remains resistant to a cooldown elsewhere in the […]

(WASHINGTON) — Enthusiasm about the U.S. economy has soared in recent months but polls indicate most consumers still bemoan inflation. More than 60% of adults say recent price increases have caused financial hardship for their family, a Gallup poll in January found. Prices, in turn, have taken on outsized importance on the brink of a […]

(SAN FRANCISCO) — A Chinese national was arrested Wednesday in California and charged with allegedly stealing confidential trade secrets from Google’s Artificial Intelligence program while secretly working for two AI startup companies based in China, according to a newly unsealed indictment. Linwei Ding, a 38-year-old resident of Newark, joined Google as a software engineer in […]

(NEW YORK) — Target has announced a paid membership program set to begin next month, launching a subscription service similar to those on offer at competitors Amazon and Walmart. The membership program, called Target Circle 360, will cost $99 per year, unless new customers sign up at a discounted rate of $49 available until May […]

(LAS VEGAS) — Las Vegas is testing the future of airport screening with self-security checks and ABC News’ Good Morning America got a firsthand look at how it works. ABC News transportation correspondent Gio Benitez went to Harry Reid International Airport to try what could be the future of air travel with the Transportation Security […]

(NEW YORK) — Tax season, for many, conjures kitchen-table drudgery spent revisiting pay stubs and financial choices. For some, though, a reward awaits: a tax refund. The possibility and scale of a refund can hinge on the approach taken by a tax filer, financial advisors told ABC News. Tax credits, retirement account contributions and deductibles […]

Sebastian Kahnert/Getty Images (MENLO PARK, Ca.) — A Meta spokesperson acknowledged reports of outages on Tuesday for Facebook, Instagram and Threads, preventing some U.S. users from logging on to the sites, Meta told ABC News in a statement. “We’re aware people are having trouble accessing our services. We are working on this now,” Meta spokesperson […]

(WASHINGTON) — The Consumer Financial Protection Bureau finalized a rule Tuesday that will cut the typical credit card late fee to $8 from $32. The financial regulator estimates the move will save American families $10 billion every year — an average savings of $220 annually for more than 45 million people who are charged late […]

(NEW YORK) — Ten days after the Super Bowl, Wall Street held its own version — at least that’s the way some traders on social media described it. Nvidia, which had soared to prominence selling the majority of chips behind the artificial intelligence boom, was set to release buzzy quarterly earnings that could move markets. […]

(NEW YORK) — Do fewer working hours boost a company’s overall productivity? A recent study out of the United Kingdom suggests the four-day workweek model benefits businesses and employees alike. One year after 61 U.K. companies opted to participate in a four-day week pilot study, 89% of the companies continued to keep the structure in […]