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ABC News: Business

ABC News: Business


Biden: 1M sign up for health care during special enrollment

Posted: 11 May 2021 07:28 AM PDT

President Joe Biden says 1 million Americans have signed up for health insurance under “Obamacare” during a special enrollment period for people needing coverage during the coronavirus pandemic

Victoria's Secret to be spun off a year after sale collapsed

Posted: 11 May 2021 06:52 AM PDT

A year after an agreement to sell Victoria’s Secret fell apart as the pandemic emptied malls nationwide, the chain will be spun off by its owner to become a separate company

Wall Street opens lower led by more drops in Big Tech stocks

Posted: 11 May 2021 06:46 AM PDT

Stocks are opening lower on Wall Street again as Apple and other Big Tech companies give up more ground

The Latest: US colleges can tap into COVID-19 relief fund

Posted: 11 May 2021 05:46 AM PDT

The Biden administration has announced that colleges and universities across the U.S. can now start tapping into $36 billion in relief funding that Congress approved in March

Pipeline officials hope most service will be back by weekend

Posted: 11 May 2021 04:14 AM PDT

U.S. officials are seeking to soothe concerns about price spikes or damage to the economy from last week's cyberattack on a major fuel pipeline

Meituan's stock price plunges after CEO posts Chinese poem

Posted: 11 May 2021 04:09 AM PDT

Shares in Meituan, China's largest food delivery platform, have tumbled after its CEO posted _and then deleted _ an ancient poem in a move widely seen as criticism of the Chinese government

German investors increasingly optimistic as COVID cases fall

Posted: 11 May 2021 03:57 AM PDT

German investors are increasingly optimistic about the country’s economy as the latest surge in the coronavirus pandemic seems to be slowing

Australia plans big defense and security investments

Posted: 11 May 2021 03:32 AM PDT

The Australian government has released a big-spending economic plan for the next fiscal year that includes hefty investments in defense and national security as relations with China worsen

Business group warns China boycotts spooking investors

Posted: 11 May 2021 02:32 AM PDT

An American business group has warned that government-instigated consumer boycotts of foreign shoe, clothing and other brands in China are making companies less willing to invest

Asian shares slide after tech sell-off on Wall Street

Posted: 10 May 2021 08:58 PM PDT

Shares have dropped in Asia after selling of several Big Tech companies pulled U.S. benchmarks lower

Asian shares slide after tech sell-off on Wall Street

Posted: 10 May 2021 08:58 PM PDT

Shares have dropped in Asia after selling of several Big Tech companies pulled U.S. benchmarks lower

Pfizer COVID-19 shot expanded to US children as young as 12

Posted: 10 May 2021 05:58 PM PDT

The U.S. is expanding use of Pfizer's COVID-19 vaccine to children as young as 12

States push jobless from virus recession to return to work

Posted: 10 May 2021 05:57 PM PDT

States are pushing the unemployed to return to work to help businesses large and small find the workers they need to emerge from the COVID-19 recession

EXPLAINER: Why the Colonial Pipeline hack matters

Posted: 10 May 2021 04:52 PM PDT

A cyberattack on a critical U.S. pipeline is sending ripple effects across the economy, highlighting cybersecurity vulnerabilities in the nation’s aging energy infrastructure

NTSB: Tesla owner got into driver's seat before deadly crash

Posted: 10 May 2021 02:37 PM PDT

Home security camera footage shows that the owner of a Tesla got into the driver’s seat of the car shortly before a deadly crash in suburban Houston

How major US stock indexes fared Monday

Posted: 10 May 2021 01:22 PM PDT

Drops in several Big Tech companies led the stock market lower Monday, pulling major indexes below the record highs they set last week

Coty, Marriott fall; Party City, Viatris rise

Posted: 10 May 2021 01:20 PM PDT

Stocks that traded heavily or had substantial price changes Monday: Coty, Marriott fall; Party City, Viatris rise

AGs urge Facebook to drop 'Instagram for kids' proposal

Posted: 10 May 2021 01:18 PM PDT

Attorneys general from across the U.S. have written to Facebook CEO Mark Zuckerberg urging him to drop company plans for a version of Instagram for children under the age of 13

Job market for new grads: Much hiring but much competition

Posted: 10 May 2021 01:16 PM PDT

This year’s graduating class of college seniors is poised for better prospects than were the 2020 graduates, who had the misfortune to graduate in the depths of the disastrous coronavirus recession

FAA seeks fines against more misbehaving airline passengers

Posted: 10 May 2021 09:08 PM PDT

Federal officials say they are pursuing civil penalties against two more passengers for interfering with airline crews

Treasury to start paying out $350B in state and local aid

Posted: 10 May 2021 01:13 PM PDT

The aid is part of Biden's larger $1.9 trillion coronavirus relief bill.

Consumer watchdog agency rediscovers its teeth under Biden

Posted: 10 May 2021 01:00 PM PDT

The nation’s consumer watchdog is signaling a more aggressive approach toward the financial services sectors after a few years of being on a tight leash

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