Business

jfizzy/Star Max/GC Images/ Getty Images (NEW YORK) — The disgraced founder of the 2017 Fyre Festival, Billy McFarland, is selling tickets for a follow-up event and customers are buying them, he said in recent posts on Instagram. An initial batch of tickets for Fyre Festival 2 sold out just two days after they went on […]

moodboard/Getty Images (NEW YORK) — Sky-high mortgage rates have helped slam the brakes on the housing market, recent data shows. Mortgage rates climbed to their highest levels in 21 years, Freddie Mac data showed last week. The 30-year fixed-rate mortgage averaged 7.09% over the week ending on Thursday, after sustaining levels above 6.5% since May. […]

Michael M. Santiago/Getty Images (NEW YORK) — The Writers Guild rejected the latest offer from TV and movie studios in a statement on Tuesday night, thrusting the acrimonious negotiations into public view 113 days after Hollywood writers went on strike. The three-year contract offer includes a combined 13% pay hike over the term of the […]

Andriy Onufriyenko/Getty Images (NEW YORK) — Target’s sales declined over a three-month period for the first time in six years, the company announced last week, attributing the loss in part to what the company’s Executive Vice President Christina Hennington described as the “strong reaction” to its Pride month display. An anti-LGBTQ boycott against Target erupted […]

Adam Gault/Getty Images (NEW YORK) — Generation Z is racking up more credit card debt than previous generations, while Generation X holds the highest average of credit card debt, according to recent data from Credit Karma. Between April and June 2023, Gen Z, people born between 1997 and 2012, had an average credit card balance […]

Mark Wilson/Getty Images (NEW YORK) — Three days after Election Night 2020, dozens of CEOs from the nation’s largest companies logged into a Zoom call aiming to prevent the collapse of American democracy, according to several attendees who spoke to ABC News. The night before, then-President Donald Trump had falsely declared victory in an address […]

ABC News Senior Reporter Emmanuelle Saliba speaks with Adobe General Counsel and Chief Trust Officer Dana Rao. — ABC News (NEW YORK) — Experts tell ABC News that the rise of generative artificial intelligence is making it more challenging for the public to tell fact from fiction — and with the 2024 presidential race only […]

Thomas Northcut/Getty Images (NEW YORK) — Mortgage rates have climbed to their highest levels in 21 years, according to data released by Freddie Mac on Thursday. The 30-year fixed-rate mortgage averaged 7.09% over the week ending on Thursday, marking a significant increase from 6.96% the week prior, the data showed. The Federal Reserve has put […]

Aytug Can Sencar/Anadolu Agency via Getty Images (NEW YORK) — Special counsel Jack Smith earlier this year sought extensive data, including direct messages, tied to former President Donald Trump’s account on X, formerly known as Twitter, court filings unsealed on Tuesday show. The pursuit came amid pushback from X centered on a non-disclosure agreement that […]

Catherine McQueen/Getty Images (NEW YORK) — Just two days after a winning ticket was sold for the $1 billion Powerball, another lucky person has a chance at a mega-lottery drawing Friday. The Mega Millions jackpot has grown to an estimated $720 million — marking the lotto game’s fifth-largest top prize in its history. There have […]