Global oil prices fall to lowest level since before the Iran War

Wednesday, June 24 by ABC News

(NEW YORK) -- Global oil prices on Wednesday fell to their lowest level since before the outbreak of the Iran war.Brent crude futures, the benchmark index for worldwide trading, dropped to $73.50 a barrel. That figure, which amounted to a nearly 5%... Read More.

Alan Greenspan, longtime chairman of the Federal Reserve, dies at 100

Monday, June 22 by ABC News

(NEW YORK) -- Alan Greenspan, the longtime chairman of the Federal Reserve, has died, his wife confirmed. He was 100 years old."Alan passed away at our home this morning at the age of 100 from complications of Parkinson's Disease," Andrea Mitchell, his wife and... Read More.

Fed set to make interest rate decision as inflation hits 3-year hig

Tuesday, June 16 by ABC News

(WASHINGTON) -- The Federal Reserve is set to announce its latest decision on interest rates on Wednesday as the central bank weathers the highest inflation in three years.The announcement will mark the first possible adjustment of the benchmark interest rate since Trump nominee Kevin... Read More.

Oil prices fall to lowest level since March after US announces Iran deal

Monday, June 15 by ABC News

(NEW YORK) -- Oil prices on Monday fell to their lowest level since March after U.S. officials announced an agreement between the United States and Iran.West Texas Intermediate futures price, the benchmark index for U.S. trading, registered at about $80.40. That figure, which... Read More.

Consumer sentiment improves but stays near all-time low, survey shows

Friday, June 12 by ABC News

(NEW YORK) -- Consumer sentiment improved in June for the first time since the outbreak of the Iran war as gasoline prices eased in recent weeks, but shopper attitudes remained near their worst level on record, University of Michigan survey data on... Read More.

SpaceX IPO could make Elon Musk the first-ever trillionaire

Friday, June 12 by ABC News

(NEW YORK) -- Elon Musk, the wealthiest person alive, could become the first-ever trillionaire when SpaceX goes public on Friday.The company's founder and CEO is set to own roughly four out of every 10 SpaceX shares after the initial public offering (IPO). If SpaceX... Read More.

Inflation hits highest level since 2023, as the Iran war pushes up prices

Wednesday, June 10 by ABC News

(NEW YORK) -- Inflation jumped for a third consecutive month as the Iran war continued to drive up prices in May, surpassing 4% for the first time in three years. The reading matched economists' expectations.Prices rose 4.2% in May compared to a year... Read More.

OpenAI, company behind ChatGPT, files for IPO

Tuesday, June 9 by ABC News

(NEW YORK) -- OpenAI, the artificial-intelligence company behind ChatGPT, announced Monday night it had filed confidentially for an initial public offering (IPO), setting up the firm to raise fresh funds as it competes with deep-pocketed tech giants in the fast-growing AI industry.In a post... Read More.

Air Canada pilot arrested for flying without proper license

Tuesday, June 9 by ABC News

(TORONTO) -- An Air Canada pilot was arrested Monday after a probe discovered he had been allegedly flying hundreds of flights for at least 17 years without a proper license.Canadian police officials outlined Geoffrey Wall's alleged fraud, which they said, "read like a movie... Read More.

Hiring blows past expectations, accelerating in May despite Iran war

Friday, June 5 by ABC News

(NEW YORK) -- Hiring blew past expectations in May, registering at a blockbuster clip despite a continued rise in inflation set off by the Iran War.The U.S. added 172,000 jobs in May, according to the report, which marked an acceleration from 115,000 jobs added... Read More.

ABC Business