ABC Business

What’s driving the rollercoaster in gold and silver prices?

Tuesday, December 30 by ABC News

(NEW YORK) -- Silver prices on Monday suffered their largest single-day drop in almost five years, before rebounding nearly 8% in midday trading on Tuesday. Some other precious metals, including gold, rode a similar rollercoaster.The turbulent stretch comes near the end of a banner... Read More.

These states will raise the minimum wage in 2026

Monday, December 29 by ABC News

(NEW YORK) -- Nearly 20 U.S. states are set to raise their minimum wage in 2026, boosting pay for millions of workers spanning from Arizona to New Jersey.A mix of Republican- and Democrat-controlled states will raise their wage floors on Jan. 1 in keeping... Read More.

US economy grew more than expected in 3rd quarter

Tuesday, December 23 by ABC News

(NEW YORK) -- The U.S. economy expanded more than economists expected over a recent three-month period, recording robust growth despite concerns about sluggish hiring and cash-strappped shoppers, federal government data on Tuesday showed.The U.S. economy grew at an annualized rate of 4.3% in the... Read More.

What Trump’s threatened ‘blockade’ on sanctioned Venezuelan oil tankers means for gas prices

Saturday, December 20 by ABC News

(NEW YORK) -- Oil prices jumped about 3% after President Donald Trump this week threatened to blockade all sanctioned oil tankers traveling in and out of Venezuela.Venezuela, which has the largest known oil reserves in the world, exports hundreds of thousands of barrels of... Read More.

Inflation report to be released Thursday expected to show slight uptick in November

Thursday, December 18 by ABC News

(WASHINGTON) -- An inflation report to be released on Thursday will offer a look at price increases for the first time in nearly two months, after the 43-day government shutdown impaired data collection.The fresh data is set to arrive amid an uptick of inflation... Read More.

Warner Bros. board tells shareholders to reject Paramount offer in favor of Netflix

Wednesday, December 17 by ABC News

(NEW YORK) -- The board at Warner Bros. Discovery Inc. said early on Wednesday that its members had unanimously recommended that shareholders reject Paramount Skydance's bid for the company in favor of Netflix's earlier bid."Following a careful evaluation of Paramount's recently launched tender offer,... Read More.

Disney to invest $1 billion in OpenAI, permit use of characters on AI video generator

Thursday, December 11 by ABC News

(NEW YORK) -- The Walt Disney Company on Thursday announced plans to invest $1 billion in artificial intelligence company OpenAI, in a deal that will grant the company access to copyrighted characters from "Star Wars," Marvel and other properties for users of AI short-form... Read More.

Bids for Warner Bros. Discovery face uncertain Trump approval process, some experts say

Thursday, December 11 by ABC News

(NEW YORK) -- Paramount launched a hostile bid for Warner Bros. Discovery this week, just days after Netflix struck a deal to acquire the legacy media company.The rival multi-billion dollar efforts to purchase streaming platform HBO Max and movie studio Warner Bros., among other... Read More.

Divided Fed set to announce decision on interest rates

Wednesday, December 10 by ABC News

(WASHINGTON) -- The Federal Reserve is set to announce its latest adjustment of interest rates on Wednesday, potentially slashing borrowing costs for the third time this year in an effort to boost sluggish hiring.Top officials at the Federal Reserve have displayed a rare degree... Read More.

Paramount launches hostile bid for Warner Bros. Discovery

Monday, December 8 by ABC News

(NEW YORK) -- Paramount said Monday it is making a bid to acquire Warner Bros. Discovery, swooping in just days after Netflix announced a $83 billion deal to purchase a large part of the media giant.Warner Bros. Discovery (WBD) shareholders would be... Read More.