Business

(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 […]

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 […]

Spencer Platt/Getty Images (NEW YORK) — U.S. stocks climbed on Friday amid signs the federal government may avert a shutdown, recovering some of the losses suffered during an escalating trade war. The Dow Jones Industrial Average closed up 675 points, or 1.65%, while the S&P 500 increased 2.1%. The tech-heavy Nasdaq climbed 2.6%. Despite the […]

Spencer Platt/Getty Images (NEW YORK) — Stocks futures traded slightly higher early Wednesday, following another volatile day for the market amid the continued rollout of President Donald Trump’s tariffs on goods from top U.S. trading partners. Dow futures were higher by 189 points or 0.46%. Both the Nasdaq and S&P 500 also appeared ready to […]

Matteo Colombo/Getty Images (NEW YORK) — U.S. stocks dropped in early trading on Monday, suffering widespread losses a day after President Donald Trump declined to rule out the possibility of a recession. The Dow Jones Industrial Average fell 515 points, or 1.2%; while the S&P 500 declined 1.4%. The tech-heavy Nasdaq plummeted nearly 2%. Tesla, […]

Volvo When Swedish automaker Volvo opened its proving ground in Kiruna, Sweden, 30 years ago, the mission was clear: “Making sure that our products are truly fit for the harshest of winter conditions.” The remote location was ideal. Kiruna, situated about 90 miles north of the Arctic Circle, historically has long, cold winters and snow […]

Adam Gault/Getty Images (NEW YORK) — Americans’ household debt — including credit cards, mortgages, auto loans and student loans — is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York. Overall debt grew by $93 billion in the last three months of 2024 — and […]

Logan Cyrus/Bloomberg via Getty Images (WASHINGTON) — Autoworkers, farmers and alcohol distillers are among a set of U.S. workers who risk losing their jobs as a result of potential tariffs on Canada, China and Mexico, experts told ABC News. The U.S. president was expected to sign executive orders on Tuesday putting in place the 25% […]

Andrew Harnik/Getty Images (WASHINGTON) — Housing prices are soaring twice as fast as overall inflation. The average rate on a 30-year mortgage topped 7% in January for the first time since last spring. Observers as disparate as J.P. Morgan and the left-leaning nonprofit Center for American Progress have declared a “housing affordability crisis.” The cost crunch could last longer or […]

lvcandy/Getty Images (NEW YORK) — The stock market fell on Monday amid uncertainty about the fate of tariffs imposed by President Donald Trump on Canada, Mexico and China over the weekend. Soon after a market rout began early Monday morning, Trump paused the tariffs on Mexico for one month following a conversation with Mexican President […]