Business

Lev Radin/Pacific Press/LightRocket via Getty Images (NEW YORK) — Eight people and six companies have been charged in a series of indictments with pervasive fraud and corruption in the construction industry, motivated by “greed at all costs,” Manhattan District Attorney Alvin Bragg Jr. said Tuesday while announcing the indictments. The defendants allegedly deceived government agencies that […]

Greg Bajor/Getty Images (NEW YORK) — Summer is less than two months away so it’s high time to lock in any family vacation plans to avoid breaking the bank. ABC News’ Good Morning America tapped two top travel experts to help your family get ready to hit the road, rail, sky or seas this summer […]

IronHeart/Getty Images (NEW YORK) — The collapse of First Republic Bank on Monday left it under control of the U.S. government, which quickly sold the bank to JPMorgan Chase. The move aimed to shore up the financial system after a cascade of major bank failures. JPMorgan Chase, the nation’s largest bank, retained the majority of […]

Mel Melcon / Los Angeles Times via Getty Images (LOS ANGELES) — Unions representing thousands of Hollywood movie and television writers voted last month to authorize a strike when their contracts run out at midnight on Tuesday. The WGA called for a strike effective 12:01 a.m. PT on Tuesday. Now, the time is here, with […]

Joe Raedle/Getty Images (CARLSBAD, Calif.) — Weight loss giant Jenny Craig may shutter its corporate offices as early as Friday as part of a likely transition to an e-commerce company, ABC News has learned. In WARN Act letters sent by the company to employees and obtained by ABC News, Jenny Craig notified employees that it […]

Justin Sullivan/Getty Images (NEW YORK) — First Republic Bank has become the third bank to fail in recent months and the giant JPMorgan Chase will assume all of its assets, according to the Federal Deposit Insurance Corporation. The FDIC said the deal avoids the agency having to use its emergency powers and would minimize disruptions […]

Photo by Justin Sullivan/Getty Images (NEW YORK) — Turmoil in the financial system returned this week as shares of First Republic Bank, the nation’s 14th-largest lender, plummeted more than 75%. The selloff took hold after the bank revealed that depositors had fled en masse last month after the collapse of Silicon Valley Bank, the largest U.S. […]

Sjoerd van der Wal/Getty Images (NEW YORK) — Kia and Hyundai owners whose cars were damaged or stolen in the wake of a social media video teaching people how to easily steal the cars are now waiting months for repairs after a shortage of parts. Many of the cars are recovered within a few days after […]

Bloomberg Creative/Getty Images (NEW YORK) — The Federal Reserve failed in its role as banking industry watchdog in the run up to the collapse of Silicon Valley Bank, the central bank said on Friday. The Fed sharply criticized leadership at Silicon Valley Bank for “a textbook case of mismanagement,” but the report also faulted the […]

Javier Ghersi/Getty Images (NEW YORK) –The threat of a looming recession has heightened interest in the most commonly used measure of economic health: Gross domestic product, or GDP. The metric commands attention as an all-in-one report card that signals whether the economy is awash in prosperity, mired in disaster or shuffling forward somewhere between the […]