Business

Andrew Harnik/Getty Images (NEW YORK) — Inflation has loomed over the U.S. economy like a movie villain, haunting grocery store trips and gas runs. While costs remain much higher than they were a few years ago, those rapid price increases have mostly vanished. Inflation stands at its lowest level in more than three years, hovering […]

Spencer Platt/Getty Images (TAMPA, Fla.) — Hurricane Milton left widespread gasoline shortages across Florida after it made landfall on Wednesday night and cut across the state. The damage exacerbated fuel outages that began before the storm arrived, as millions fled from its path. Nearly a quarter of the roughly 7,900 gas stations in the state […]

Justin Sullivan/Getty Images (NEW YORK) — An escalation of conflicts in the Middle East in recent weeks has triggered a sharp increase in oil prices, raising uncertainty about where costs will head in the final weeks before Election Day. Oil prices surged about 13% over an 11-day stretch ending on Monday. Prices fell markedly on […]

Anna Moneymaker/Getty Images (NEW YORK) — U.S. hiring surged in September, blowing past economist expectations and rebuking concern about weakness in the labor market. The fresh report marks one of the last major pieces of economic data before the presidential election. Employers hired 254,000 workers last month, far exceeding economist expectations of 150,000 jobs added, […]

Nitat Termmee/Getty Images (NEW YORK) — In the final weeks of the campaign, former President Donald Trump and Vice President Kamala Harris have sought to best each other on the all-important issue of the economy, which many voters rank as their top concern. Both candidates have made manufacturing a centerpiece of their plans, but their […]

McDonald’s (NEW YORK) — It’s a monster mash at McDonald’s, with the new limited-edition Happy Meal Boo Buckets making their return to the Golden Arches. On Oct. 15, the iconic plastic buckets, which make for perfect trick-or-treating vessels, will return to participating McDonald’s restaurants nationwide while supplies last. The nostalgic pails have a fresh look […]

The Michael Kors Store on Rodeo Drive on Feb. 23, 2017 in Beverly Hills, Calif. (Fg/bauer-griffin/GC Images via Getty Images, FILE) (NEW YORK) — The Federal Trade Commission is asking a federal judge in New York to block the $8.5 billion merger of Tapestry, the company behind Coach, Kate Spade, and Capri, which controls Michael […]

Getty Images – STOCK/Anton Petrus (NEW YORK) — Oil prices climbed more than 3% on Tuesday in the immediate aftermath of an Iranian missile attack on Israel. The spike in prices is expected to push up the price of U.S. gasoline, experts told ABC News. Drivers could face a price increase of between 10 and […]

Michael Dobuski/ABC News (NEW YORK) — Back in the 1980s, Honda sold a city car in Japan called, appropriately, the Honda City. It would have been a normal hatchback, were it not for what came in the trunk: a Honda motor scooter that drivers could fold up and store in the trunk of the City. […]

Downed trees on a home in the aftermath of Hurricane Helene, Sept.r 29, 2024, in Rutherfordton, N.C. (Sean Rayford/Getty Images) (NEW YORK) — Hurricane Helene flooded properties and devastated buildings in recent days as it tore across a vast stretch from Florida to Tennessee. Over the coming days and weeks, households will start to rebuild […]