Business

Deb Cohn-Orbach/UCG/Universal Images Group via Getty Images (NEW YORK) — With more high-rise buildings than anywhere else in the U.S., New York City has long been a place where millions of people hope to achieve the American dream through careers in the construction industry. While scores of construction workers are spending hours each day building […]

97/Getty Images (NEW YORK) — Consumer attitudes worsened in March as President Donald Trump’s tariffs set off a market rout and warnings of a possible recession, Conference Board survey data on Tuesday showed. Sentiment worsened more than economists expected. The fresh data on consumer sentiment arrives a week before the onset of additional U.S. tariffs, […]

Kevin Dietsch/Getty Images (WASHINGTON) — Boeing is seeking to withdraw its guilty plea agreement with the Department of Justice in the criminal cases surrounding two deadly 737 MAX crashes, sources familiar with the matter told ABC News. The agreement blamed the aerospace giant for misleading the Federal Aviation Administration before the two crashes in October […]

Justin Sullivan/Getty Images (NEW YORK) — Over the weekend, genetic testing and biotechnology company 23andMe filed for Chapter 11 bankruptcy. Founded in 2006, the company became popular with millions of Americans who sent in samples of saliva with the promise of learning about their ancestry and genetic health predispositions. However, following a class-action settlement from […]

(Andrew Harnik/Getty Images) (NEW YORK) — A representative of the Securities and Exchange Commission served Elon Musk earlier this month with a copy of a complaint alleging he misled investors when he bought millions of dollars in Twitter stock in 2022, according to a court filing on Thursday. An employee of a Virginia-based process server […]

Federal Reserve Chairman Jerome Powell/Kevin Dietsch/Getty Images (WASHINGTON) — President Donald Trump late Wednesday criticized the Federal Reserve, urging the central bank to reduce interest rates, hours after it chose to leave borrowing rates unchanged. The move marked the latest example of Trump exerting pressure on the Federal Reserve, despite a longstanding norm of political […]

Spencer Platt/Getty Images (NEW YORK) — The Federal Reserve is set to announce its first interest rate decision since a global trade war touched off by President Donald Trump’s tariffs sent stocks reeling and triggered concern about a possible recession. The move arrives less than two weeks after Fed Chair Jerome Powell said tariffs would […]

Spencer Platt/Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell stepped to the podium in August with a sunny forecast that defied the snow-capped mountains inscribed on curtains behind him. The central bank planned to begin cutting rates, Powell announced, reversing a yearslong battle against pandemic-era inflation. “The time has come,” Powell told the audience […]

Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — As Tesla stock has fallen in recent weeks, members of the board and an executive at Elon Musk’s company have been selling off millions of dollars in stock, according to filings with the U.S. Securities and Exchange Commission. Together, four top officers at the company have offloaded […]

Ni Lifang/VCG via Getty Images (NEW YORK) — President Donald Trump’s tariffs sent stocks tumbling in recent weeks, but the uncertainty helped propel a different asset viewed as a safe haven: gold. The price of gold topped $3,000 per ounce for the first time ever last week, and the precious metal continued to hover around […]