Business News

Javier Ghersi/Getty Images (NEW YORK) -- The U.S. economy grew much faster than expected over three months ending in June, accelerating from the previous quarter and defying concerns about a possible slowdown.U.S. GDP grew at a 2.8% annualized rate over three months ending in September. That figure doubled the annualized rate of growth undertaken over the previous quarter.The fresh data could complicate the path toward a widely expect interest rate […]

(NEW YORK) -- The Department of Justice and Boeing have finalized their plea agreement -- the manufacturer will plead guilty to conspiracy to defraud the United States and pay a fine of $243.6 million, according to a court filing.Boeing will also serve a three-year term of organizational probation; invest $455 million in compliance, quality and safety programs; and the board of directors will meet with the families of victims of […]

(NEW YORK) -- Shares of Tesla fell 12% in early trading on Wednesday after an earnings release showed slumping profits in the face of strengthened competition and sluggish sales.The earnings report fell short of Wall Street expectations for profit.“There have been quite a few competing electric vehicles that have entered the market and mostly, they have not done well, but they have discounted their EVs quite substantially, which has made […]

(NEW YORK) -- Delta Air Lines passengers are voicing outrage over the growing chaos with the carrier that has yet to rebound its operations since the global tech outage.The Atlanta-based airline is in its sixth day of flight disruptions leaving ticketed passengers stranded at airports, following the CrowdStrike outage on Friday that impacted industries from banks to hospitals."This is our fourth cancellation," one frustrated traveler, Sarah Lassig, told ABC News […]

A Delta Airlines plane sits on the tarmac at the Charlotte Douglas International Airport on July 23, 2024 in Charlotte, North Carolina. Delta Airlines has canceled and delayed hundreds of additional flights as problems from the outage caused by the Crowdstrike software update continue into a fifth day. (Brandon Bell/Getty Images) (NEW YORK) -- Delta apologized for its widespread cancellations and delays over the last several days, issuing a new […]

ermingut/Getty Images (NEW YORK) -- McDonald's is extending its popular $5 meal deal as the value meal battle between fast food chains wages on.In a company memo obtained by ABC News, McDonald's executives said most U.S. locations will extend the deal through August.The deal that first launched on June 25 was only supposed to stay on menus for a month, but executives said the deal has resonated with millions of […]

EllenMoran/Getty Images (WASHINGTON) -- The U.S. Department of Transportation has opened an investigation into Delta Airlines over recent flight disruptions, Transportation Secretary Pete Buttigieg said on Tuesday in a post on X."All airline passengers have the right to be treated fairly, and I will make sure that right is upheld," Buttigieg said.Story developing... Copyright © 2024, ABC Audio. All rights reserved.

(WASHINGTON) -- When Kamala Harris ran for president in 2020, she released 15 years of her personal tax returns, the most of any 2020 presidential candidate. The disclosure offers a glimpse into how Harris, who has emerged as the front-runner for the Democratic presidential nomination after President Joe Biden's sudden withdrawal from the race, became a millionaire as a public servant.After Harris, in 2014, married Doug Emhoff, who was then […]

(NEW YORK) -- Families, friends, and even roommates are combining forces to create more savings on grocery products by buying in bulk and splitting the bill at big box retailers like Costco and Sam's Club.The idea of "bulk sharing," as first reported by the Wall Street Journal, applies to the idea that's catching on with more American shoppers hoping to find any savings they can on everyday items.Marissa Verna told […]