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1 hour ago
More money is going to African climate startups, but a huge funding gap remains
African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in Africa
1 hour ago
May 01
Jury at Abu Ghraib civil trial might not be able to reach verdict: judge says
The judge presiding over the trial of a military contractor accused of contributing to detainees' mistreatment at the Abu Ghraib prison in Iraq two decades ago is speculating that the jury may not be able to reach a verdict
May 01
May 01
Consumer groups push Congress to uphold automatic refunds for airline passengers
Consumer groups are pushing Congress to uphold automatic refunds for airline passengers whose flights are canceled or delayed for several hours
May 01
May 01
Campaign to raise Missouri's minimum wage to $15 an hour confident it will get on the ballot
Missouri voters have gotten a step closer to getting to decide whether to raise the state’s minimum wage to $15 an hour
May 01
May 01
Vendor that mishandled Penn. virus data to pay $2.7M in federal whistleblower case
A staffing company that performed COVID-19 contact tracing for Pennsylvania and exposed the private medical information of about 72,000 residents will pay $2.7 million in a settlement with the U.S. Justice Department and a whistleblower
May 01
May 01
US regulators maintain fishing quota for valuable baby eels, even as Canada struggles with poaching
U.S. regulators have decided to allow American fishermen to harvest thousands of pounds of a valuable species of tiny fish in the coming years, even as Canadian authorities have shuttered the industry while they grapple with poaching
May 01
May 01
How major US stock indexes fared Wednesday, 5/1/2024
U.S. stocks finished mixed after the head of the Federal Reserve said the cuts to interest rates that Wall Street craves so much are still likely, even if they’re delayed because of stubbornly high inflation
May 01
May 01
AP PHOTOS: Workers rule the streets on May Day
For one day, workers ruled the world’s biggest streets.
Thousands strong marched Wednesday to mark May Day, the first day of the month when workers’ rights are celebrated in demonstrations around the globe.
From Seoul to Paris, Istanbul to Berlin, they drew attention to stagnant wages and the high cost of living as they took aim at their governments. In some cases, their governments returned fire.
In Turkey, police in riot gear shot rubber bullets and tear gas at thousands of protesters who clashed with officers as they tried to break through a barricade and reach Istanbul’s Taksim square in defiance of a ban.
Tear gas also rose from the streets of Paris, where workers seeking higher pay and better conditions were joined by others rankled by the upcoming Summer Games. They torched replica Olympic rings.
Standing out in the crowds were the many messages held high on banners or scrawled in pen on simple signs.
“We work to live!!! Not to die!!!” read the sign held by a man in...
May 01
May 01
Federal Reserve leaves interest rates unchanged
ABC News business reporter Alexis Christoforous breaks down what this means for the economy.
May 01
May 01
DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns
DoorDash reported higher-than-expected revenue in the first quarter as strong growth in U.S. grocery orders helped make up for slowing restaurant demand
May 01
May 01
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery fell $2.93 to $79 per barrel Wednesday
May 01
May 01
Union Pacific undermined regulators' efforts to assess safety, US agency says
Federal regulators say Union Pacific managers undermined their efforts to assess safety at the railroad by coaching employees on how to respond and suggesting they might be disciplined
May 01
May 01
Lawsuit against Meta asks if Facebook users have right to control their feeds using external tools
Do social media users have the right to control what they see — or don’t see — on their feeds
May 01
May 01
Fed holds interest rates steady at highest level since 2001
The U.S. economy has faced a months-long stretch of stubborn inflation.
May 01
May 01
This Texas veterinarian helped crack the mystery of bird flu in cows
It was a Texas veterinarian who collected samples from dairy farms that confirmed the outbreak of H5N1 bird flu in cattle for the first time
May 01
May 01
Text of the policy statement the Federal Reserve released Wednesday
Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals have moved toward better balance over the past year. The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks.
In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the target range for the federal funds rate,...
May 01
May 01
Federal Reserve signals interest rates will stay at two-decade high until inflation further cools
Federal Reserve signals interest rates will stay at two-decade high until inflation further cools
May 01
May 01
Want to spend the night in a Paris museum or a house owned by Prince? Airbnb plans to list them
Airbnb says it's going to give customers a chance at overnight stays in a Paris museum, a bedroom filled with Ferrari racing cars, and other exotic settings
May 01
May 01
AANHPI consumers want better brand representation, Nielsen reports
As companies around the country roll out plans to honor May as Asian American, Native Hawaiian and Pacific Islander Heritage Month, a new report out Wednesday suggests members of those communities are paying more attention than ever to representation
May 01
May 01
New US sanctions against Russia target weapons development, ban uranium imports for nuclear power
The United States has imposed new sanctions on hundreds of companies and people tied to Russia’s weapons development program, as well as more than a dozen Chinese entities accused of helping Moscow find workarounds to earlier penalties
May 01
May 01
Change Healthcare cyberattack was due to a lack of multifactor authentication, UnitedHealth CEO says
The beginning of the Change Healthcare cyberattack happened when hackers entered a server that lacked multifactor authentication
May 01
May 01
Nonstop Mideast coverage of Israel-Hamas war pauses for protests and police action at US schools
After weeks of nonstop coverage of destruction and death across the Gaza Strip, media across the wider Middle East has latched onto the demonstrations roiling American university campuses over the Israel-Hamas war
May 01
May 01
George W. Bush's portraits of veterans are heading to Disney World
Walt Disney World will host dozens of portraits of service members and veterans from the nation’s Painter-in-Chief
May 01
May 01
Amazon, Pinterest rise; Starbucks, CVS Health fall, Wednesday, 5/1/2024
Stocks that traded heavily or had substantial price changes on Wednesday: Amazon, Pinterest rise; Starbucks, CVS Health fall
May 01
May 01
Elimination of Tesla's charging department raises worries
Elon Musk’s move to lay off the department responsible for Tesla’s electric vehicle chargers has touched off worries in the auto industry that EVs from other automakers will have trouble joining Tesla’s network
May 01
May 01
McDonald’s and Starbucks report lower sales
ABC News business reporter Alexis Christoforous breaks down national business headlines.
May 01
May 01
US job openings fall to 8.5 million in March, the lowest level in more than 3 years
U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates
May 01
May 01
Trump awarded 36 million more Trump Media shares worth $1.6 billion after hitting price benchmarks
Former President Donald Trump has secured another $1.6 billion worth of shares in Trump Media
May 01
May 01
No need to guess: Mom knows best what she wants for Mother's Day
Not all moms are the same
May 01
May 01
Experts fear 'catastrophic' college declines thanks to botched FAFSA rollout
The bungled rollout of a new federal student aid form has left millions of students in limbo and some wondering if their college dreams will survive
May 01
May 01
Ford recalls Maverick pickups in US because tail lights can go dark, increasing the risk of a crash
Ford is recalling nearly 243,000 Maverick small pickup trucks in the U.S. because the tail lights may not illuminate
May 01
May 01
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast
May 01
May 01
Japan's Kishida will stress rules-based global order, support for emerging nations at OECD meeting
Japan’s Prime Minister Fumio Kishida says he will stress the need for a rules-based international order when he attends a meeting of the Organizations for Economic Cooperation and Development in Paris
May 01
May 01
J&J subsidiary proposes paying about $6.48B over 25 years to settle talc ovarian cancer lawsuits
A subsidiary of Johnson & Johnson is now proposing paying approximately $6.48 billion over 25 years as part of a settlement in the U.S. to cover allegations that its baby powder containing talc caused ovarian cancer
May 01
May 01
News organizations have trust issues as they gear up to cover another election, a poll finds
Americans have a message for news organizations as they prepare to cover the 2024 election: About half of Americans say they're concerned that outlets will report inaccuracies or misinformation
May 01
May 01
Edmunds: 2024 Kia Niro versus 2024 Toyota Corolla Cross
Many car shoppers simply want a vehicle that’s practical, easy to drive and relatively inexpensive
May 01
May 01
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
The Biden administration says it'll cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed the last of its campuses in 2023 amid accusations of fraud
May 01
May 01
Lawmakers want the Chiefs and Royals to come to Kansas, but a stadium plan fizzled
Some Kansas lawmakers see a chance to lure Kansas City’s two biggest professional sports teams across the Missouri border
May 01
May 01
Pro-Palestinian banners. Blazing Olympic rings. Workers' May Day rallies confront turbulent times
Workers and activists around the world are marking May Day with largely peaceful rallies against rising prices and calling for greater rights
May 01
May 01
Stock market today: Wall Street swings after Fed keeps interest rates high, downplays odds of a hike
U.S. stocks finished mixed after the head of the Federal Reserve said the cuts to interest rates that Wall Street craves so much are still likely, even if they’re delayed because of stubbornly high inflation
May 01
May 01
Study says El Nino, not climate change, was key driver of low rainfall that snarled Panama Canal
A study says the climate phenomenon known as El Nino and not climate change was a key driver in low rainfall that disrupted shipping at the Panama Canal last year
May 01
May 01
New era for pot regulation leaves old problem: Many cannabis companies can't find a bank
The Biden administration’s move to reclassify marijuana as a less dangerous but still controlled drug was hailed as a monumental step in reshaping national policy
May 01
May 01
Phones, Islamic books and currency exchange. Some businesses are making money out of Taliban rule
The Taliban takeover three years ago has sent Afghanistan's economy into a tailspin
May 01
April 30
Judge dismisses Meta shareholder lawsuit claiming that directors' obligations extend beyond company
A Delaware judge has dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social media giant
April 30
April 30
What marijuana reclassification means for the United States
The U.S. Drug Enforcement Administration is moving toward reclassifying marijuana as a less dangerous drug
April 30
April 30
Biden administration details how producers of sustainable aviation fuel will get tax credits
The Biden administration is out with new guidelines for tax credits for producers of sustainable aviation fuel
April 30
April 30
Federal Reserve says interest rates will stay at two-decade high until inflation further cools
The Federal Reserve emphasized that inflation has remained stubbornly high and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target
April 30
April 30
Trial begins for financial executive in insider trading case tied to taking Trump media firm public
An insider trading trial has begun for a financial executive charged with enabling his boss and others to make millions of dollars illegally on news that an acquisition firm was taking former President Donald Trump's media company public
April 30
April 30
Delaware judge refuses to fast-track certain claims in post-merger lawsuit against Trump Media
A Delaware judge has granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a merger-related lawsuit filed by two cofounders of the company
April 30
April 30
Organic bulk walnuts sold in natural food stores tied to dangerous E. coli outbreak
At least a dozen people in California and Washington have been sickened with E
April 30