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ABC News: Business

Part of ABC News: Business

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Home Depot profit falls, but tops expectations in the face of economic uncertainty
Business
Home Depot’s results beat Wall Street’s expectations in the fiscal first quarter on a strong showing from professional customers while homeowners started stocking up on some of their spring supplies
https://abcnews.com/Business/wireStory/home-depots-quarter-driven-homeowner-spring-buying-professionals-133100579
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Hearings to focus on why a UPS cargo plane engine fell off, causing deadly crash
Business
Federal safety investigators will hold hearings this week examining why the engine flew off a UPS cargo plane last year, killing 15 people, and why Boeing didn’t address the underlying flaw sooner
https://abcnews.com/Business/wireStory/hearings-focus-ups-cargo-plane-engine-fell-off-133096694
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Stocks fall and oil prices gain after Trump warns Iran 'clock is ticking'
Business
Asian stocks are mostly lower and oil prices have jumped after U.S. President Donald Trump warned Iran that the “clock is ticking” as talks over a permanent end to the war stall
https://abcnews.com/Business/wireStory/stocks-fall-oil-prices-gain-after-trump-warns-133060635
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Tiny patients, big fight: NICU parents win leave in 2 states and push for more
Business
Parents with newborns in intensive care units have long faced a difficult but overlooked plight: Any parental leave they might have does not take into account the days or even months their newborns spend in intensive care
https://abcnews.com/Business/wireStory/tiny-patients-big-fight-nicu-parents-win-leave-133047203
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Tiny patients, big fight: NICU parents win leave in 2 states and push for more
Business
Parents with newborns in intensive care units have long faced a difficult but overlooked plight: Any parental leave they might have does not take into account the days or even months their newborns spend in intensive care
https://abcnews.com/Business/wireStory/tiny-patients-big-fight-nicu-parents-win-leave-133047206
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Drones, bullets and cartel warfare fuel an invisible displacement crisis in Mexico
Business
María Cabrera and her family fled into the night-cloaked mountains of central Mexico with only the clothes on their backs when bombs fell from the sky and bullets ricocheted off her concrete floors
https://abcnews.com/Business/wireStory/drones-bullets-cartel-warfare-fuel-invisible-displacement-crisis-133034337
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Walmart and Amazon race to win over rural America with speedier deliveries
Business
Walmart and Amazon are racing to speed up order deliveries in rural areas of the U.S. Small cities and towns are a rich source of untapped sales for whichever retailer builds a loyal base of online shoppers
https://abcnews.com/Business/wireStory/walmart-amazon-race-win-rural-america-speedier-deliveries-133027597
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Winner pays $9M in charity auction for lunch with Warren Buffett, Stephen Curry
Business
Someone paid more than $9 million to have lunch with basketball player Stephen Curry and Warren Buffett, and the legendary investor also promised to match the winning bid so both their favorite charities will benefit
https://abcnews.com/Business/wireStory/winner-pays-9-million-charity-auction-private-lunch-132996119
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Takeaways from Fed chair Jerome Powell's legacy
Business
When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs
https://abcnews.com/Business/wireStory/takeaways-fed-chair-jerome-powells-legacy-132993599
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Norway defends its decision to cancel missile system sale to Malaysia
Business
Norway's foreign ministry confirms it has revoked export licenses for a naval missile system to Malaysia, restricting sales of sensitive defense technologies to allies and close partners
https://abcnews.com/Business/wireStory/norway-defends-decision-cancel-missile-system-sale-malaysia-132994860
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Jury awards $49.5M to the family of a woman killed in 2019 Boeing Max crash
Business
A federal jury in Chicago has awarded $49.5 million to the family of a 24-year-old nonprofit global health worker killed in the 2019 crash of a Boeing 737 Max jet in Ethiopia
https://abcnews.com/Business/wireStory/jury-awards-495m-family-woman-killed-2019-boeing-132980753
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Wall Street heads for gains before the bell as Trump and Xi meet eye Trump-Xi summit
Business
Wall Street was poised to open with gains following another record-setting day and investors monitored developments coming from U.S. President Donald Trump’s summit with Chinese leader Xi Jinping in Beijing
https://abcnews.com/Business/wireStory/world-shares-gain-investors-watch-trump-xi-summit-132950467
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Who is incoming Fed chair Kevin Warsh?
Business
The U.S. Senate on Wednesday confirmed Kevin Warsh to lead the Federal Reserve
https://abcnews.com/Business/wireStory/incoming-fed-chair-kevin-warsh-132935716
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Denver runway fatality reveals a weakness in airport security
Business
An intruder was killed on a Denver runway after exploiting a security gap at one of the nation’s busiest airports
https://abcnews.com/Business/wireStory/denver-runway-fatality-reveals-weakness-airport-security-132949783
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Honda records its first-ever annual loss on a costly EV strategy
Business
Honda says it racked up a full-year loss for the first time ever, losing $2.7 billion in the last fiscal year due to a costly electric-vehicle strategy
https://abcnews.com/Business/wireStory/honda-records-annual-loss-costly-ev-strategy-132950952
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Trump offers platitudes while Xi warns of possible confrontation during China summit
Business
President Donald Trump has called Chinese President Xi Jinping a friend, but his warm words were in stark contrast to Xi, who opened a bilateral meeting cautioning about potential conflict between the U.S. and China
https://abcnews.com/Business/wireStory/trump-offers-platitudes-xi-warns-confrontation-china-summit-132941049
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Allegiant Air, Sun Country complete merger, creating larger budget airline
Business
Allegiant Air says it has completed its purchase of Sun Country Airlines, bringing together two low-cost carriers and creating a larger budget airline for travelers
https://abcnews.com/Business/wireStory/allegiant-air-sun-country-complete-merger-creating-larger-132940770
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How major US stock indexes fared Wednesday 5/13/2026
Business
A rebound for technology stocks led Wall Street to records, even though the majority of U.S. stocks fell following another discouraging update on inflation
https://abcnews.com/Business/wireStory/major-us-stock-indexes-fared-wednesday-5132026-132934553
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A timeline of the Baltimore bridge collapse that killed 6 people
Business
The operator of the cargo ship that hit Baltimore’s Francis Scott Key Bridge faces criminal charges for actions before and after the crash that killed six people over two years ago
https://abcnews.com/Business/wireStory/timeline-baltimore-bridge-collapse-killed-6-people-132897262
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Denver airport security missed trespasser who was killed by plane on runway
Business
Denver airport workers initially missed a security breach by a man who scaled an 8-foot perimeter fence and crossed a runway where he was hit and killed by a plane with 231 people on board
https://abcnews.com/Business/wireStory/denver-airport-security-missed-trespasser-killed-plane-runway-132886302
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Brazil says the EU has moved to block its animal product exports starting from September
Business
Brazil says that the European Union has moved to block its animal product exports from September, just days after a mega deal between the South American trade bloc Mercosur and the EU on a trans-Atlantic market estimated at $22 trillion went into effec...
https://abcnews.com/Business/wireStory/brazil-eu-moved-block-animal-product-exports-starting-132898304
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Google disrupts hackers using AI to exploit an unknown weakness in a company's digital defense
Business
Google said Monday that it had disrupted a criminal group’s attempt to use artificial intelligence to exploit another company’s previously unknown digital vulnerability, adding to heightened worries across government and private industry about AI’s ris...
https://abcnews.com/Business/wireStory/google-disrupts-hackers-ai-exploit-unknown-weakness-companys-132845519
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Online seller eBay rejects GameStop's $56 billion takeover offer
Business
Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal “neither credible or attractive.”
https://abcnews.com/Business/wireStory/online-seller-ebay-rejects-gamestops-56-billion-takeover-132874971
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Amazon looks to redefine a need for speed with 30-minute deliveries
Business
Amazon is rapidly opening store-sized delivery hubs in dozens of U.S. and foreign cities to fulfill customers’ most urgent product needs in 30 minutes or less
https://abcnews.com/Business/wireStory/amazon-redefine-speed-30-minute-deliveries-132872789
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MD-11 cargo planes involved in deadly UPS crash return to the air
Business
The model of cargo plane that crashed in Louisville, Kentucky, last fall after an engine fell off a UPS plane as it was taking off resumed flying over the weekend
https://abcnews.com/Business/wireStory/md-11-cargo-planes-involved-falls-deadly-ups-132862663
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NTSB seeks details about evacuation after plane hit a person in Denver
Business
The National Transportation Safety Board says it is gathering information about the evacuation of a Frontier Airlines plane after it hit a person on the runway at Denver International Airport during takeoff
https://abcnews.com/Business/wireStory/ntsb-gathering-details-frontier-airlines-evacuation-after-plane-132828862
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Google settles racial discrimination lawsuit for $50 million
Business
Google has reached a settlement with Black employees who alleged systemic racial disparities in hiring, pay, and advancement in a lawsuit filed in 2022
https://abcnews.com/Business/wireStory/google-settles-racial-discrimination-lawsuit-50-million-132792094
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Alarmed ASEAN leaders adopt crisis plan to mitigate backlash from Middle East war
Business
Southeast Asian leaders have adopted in an annual summit a contingency plan to mitigate the impact of the Iran war on their people and economies but acknowledged it will be difficult to enforce complex steps like establishing a regional fuel reserve to...
https://abcnews.com/Business/wireStory/alarmed-asean-leaders-discuss-crisis-plan-mitigate-backlash-132770487
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Japan's Sony reports declining profit but expects a record for this year
Business
Japanese electronics and entertainment giant Sony has reported a 3.4% drop in its annual profit but projects a comeback to record profits for the current fiscal year
https://abcnews.com/Business/wireStory/japans-sony-reports-declining-profit-expects-record-year-132771694
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NY to tax luxury 2nd homes in NYC, stops short of hiking income taxes on wealthy
Business
New York state lawmakers are expected to place a new tax on luxury second homes in New York City, appeasing Mayor Zohran Mamdani and his progressive base as he moves to fund his ambitious agenda on the backs of the rich
https://abcnews.com/Business/wireStory/new-york-tax-luxury-homes-nyc-stops-short-132760785
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Emirates CEO says jet fuel costs 'well hedged' through 2029
Business
Emirates has hedged its exposure to higher jet fuel prices for the next three years and has secured enough supply to meet current and future needs
https://abcnews.com/Business/wireStory/emirates-ceo-jet-fuel-costs-hedged-2029-132739832
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How major US stock indexes fared Wednesday 5/6/2026
Business
Oil prices sank, and stock markets burst higher worldwide with hopes that a deal is nearing to allow tankers to deliver crude from the Persian Gulf again
https://abcnews.com/Business/wireStory/major-us-stock-indexes-fared-wednesday-562026-132723641
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US stocks edge up toward more records as crude oil prices ease
Business
The U.S. stock market is ticking toward records after an easing of oil prices let Wall Street turn its focus back to the big profits that companies keep producing
https://abcnews.com/Business/wireStory/asian-shares-slip-oil-pares-gains-iran-war-132661989
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