Business

(NEW YORK) — Half of Americans are burdened by the cost of housing, according to a recent Harvard study, officially capturing the grim reality facing renters nationwide. Marianne Smith, a 65-year-old Oklahoma resident, is one of them — paying about 35% of her income toward rent, she said in an interview with ABC News. “I […]

(NEW YORK) — Bitcoin is on a tear. The largest cryptocurrency has soared more than 20% over the last four days, approaching an all-time high. By contrast, the S&P 500 has dropped slightly over that period. On Wednesday, the price of bitcoin surpassed $64,000 for the first time since November 2021. The upsurge stems primarily […]

(MIAMI) — Historic sports cars, million-dollar roadsters and one-off supercars will be on display when two of the auto industry’s flashiest events take place next month. Enthusiasts from all over the country will travel to Florida March 1-3 to revel in classic and modern cars that are seldom shown in public. ModaMiami, billed as the […]

(MIAMI) — Historic sports cars, million-dollar roadsters and one-off supercars will be on display when two of the auto industry’s flashiest events take place next month. Enthusiasts from all over the country will travel to Florida March 1-3 to revel in classic and modern cars that are seldom shown in public. ModaMiami, billed as the […]

Signage is displayed outside a Wendys Co. restaurant in El Sobrante, Calif., May 6, 2020. (David Paul Morris/Bloomberg via Getty Images) (NEW YORK) — Wendy’s announced it will launch new menu prices that will fluctuate depending on the time of day. The country’s second-largest burger chain, which has 6,000 restaurant locations, said the change will […]

(WASHINGTON) — The Federal Trade Commission on Monday sued to halt the Kroger and Albertsons merger, according to court documents filed in federal court. The merger would represent two of the largest grocery store chains in the United States combining forces. Kroger announced that it intended to acquire Albertsons for $24.6 billion in October 2022, […]

(WASHINGTON) — As the tax filing season gets underway, taxpayers in some states will have a new way to file online available to them in “the coming days,” the IRS said this week. Direct File, the free site for filing federal tax returns directly through the IRS, will be open for new users in 12 […]

(NEW YORK) — A sluggish housing market for most of last year began to heat up as the calendar turned to 2024. In recent weeks, however, the market has cooled once again. A surge in mortgage rates accounts for the slowdown in the housing market, experts told ABC News, pointing to elevated home prices pushed […]

Stanley tumblers are displayed on a shelf at a Dick’s Sporting Goods store, Feb. 2, 2024, in Daly City, Calif. (Justin Sullivan/Getty Images) (NEW YORK) — The trendy oversized Stanley thermos that reached viral fame on social media and became a must-have item is facing new criticism from customers. The parent company of the viral […]

Karl Tapales/Getty Images (NEW YORK) — A network disruption is affecting AT&T customers in the U.S. Thursday. In a statement to ABC News, the company confirmed the outage and advised customers to make calls over Wi-Fi. “Some of our customers are experiencing wireless service interruptions this morning. We are working urgently to restore service to […]