Valentine’s Day shoppers face soaring chocolate prices

Saturday, February 14 by ABC News

(NEW YORK) -- Valentine's Day shoppers may feel jilted by runaway chocolate prices.Chocolate prices soared 14.4% over the initial weeks of 2026 when compared to the same period a year earlier, nearly doubling the pace of price increases at the start of 2025, according... Read More.

Inflation cooled in January, dropping to lowest level in 9 months

Friday, February 13 by ABC News

(NEW YORK) -- Inflation cooled in January, dropping price increases to their lowest level in nine months and defying fears of a tariff-induced hike in overall costs.Prices rose 2.4% in January compared to a year earlier, U.S. Bureau of Labor Statistics data on Tuesday... Read More.

Hiring increased sharply at outset of 2026, blowing past economists’ expectations

Wednesday, February 11 by ABC News

(NEW YORK) -- Hiring increased sharply at the outset of 2026, the year's first jobs report said, blowing past economists' expectations and besting sluggish performance from the previous year.The U.S. added 130,000 jobs in January, according to the report, which marked a sharp... Read More.

Dow closes above 50,000 for the first time ever

Friday, February 6 by ABC News

(NEW YORK) -- The Dow Jones Industrial Average closed above 50,000 for the first time ever on Friday.A surge in markets reversed a selloff that hammered tech stocks earlier in the week.The Dow closed up 1,206 points, or 2.4%, while the S&P 500... Read More.

Consumer sentiment brightens, defying economists’ expectations

Friday, February 6 by ABC News

(NEW YORK) -- Consumer sentiment ticked higher in February for the second consecutive month as inflation fears appeared to ease, though shopper attitudes remained well below levels registered a year ago, University of Michigan data on Friday showed. The reading exceeded economists'... Read More.

Bitcoin plunges to lowest level since October 2024

Thursday, February 5 by ABC News

(NEW YORK) -- The price of bitcoin plunged more than 10% on Thursday, sinking the world's largest cryptocurrency to its lowest level since October 2024 and erasing sizable gains made since then.That was weeks before the election of President Donald Trump, a Read More.

EEOC alleges anti-white discrimination at Nike, seeks court enforcement of subpoena

Thursday, February 5 by ABC News

(WASHINGTON) -- The federal agency that investigates workplace discrimination is seeking court enforcement of a subpoena it has issued to Nike as it pursues allegations that the athletic apparel maker has been discriminating against its white employees in its corporate diversity policies. The Equal... Read More.

Disney names Josh D’Amaro CEO, Dana Walden president and chief creative officer

Tuesday, February 3 by ABC News

(NEW YORK) -- The Walt Disney Company announced on Tuesday that Josh D'Amaro will become the company's next CEO in March, replacing current chief executive Bob Iger when he steps down from the role this year. Dana Walden will become the company's president and... Read More.

Trump accounts, deductions for tips: What’s new for tax filing this year

Wednesday, January 28 by ABC News

(NEW YORK) -- Tax season kicked off this week as the U.S. Internal Revenue Service began allowing filers to submit completed tax forms.Americans can file anytime before April 15. The IRS said earlier this month that it expects more than 164 million... Read More.

Amazon to reduce workforce by 16,000, company says in email to staff