ABC Business

Boeing seeks to withdraw guilty pleas over 2 deadly 737 MAX crashes: Sources

Tuesday, March 25 by ABC News

(WASHINGTON) -- Boeing is seeking to withdraw its guilty plea agreement with the Department of Justice in the criminal cases surrounding two deadly 737 MAX crashes, sources familiar with the matter told ABC News.The agreement blamed the aerospace giant for misleading the Federal Aviation... Read More.

23andMe has filed for bankruptcy. What could happen to users genetic data?

Monday, March 24 by ABC News

(NEW YORK) -- Over the weekend, genetic testing and biotechnology company 23andMe filed for Chapter 11 bankruptcy.Founded in 2006, the company became popular with millions of Americans who sent in samples of saliva with the promise of learning about their ancestry and genetic health... Read More.

Elon Musk served by the SEC earlier this month, filing says

Friday, March 21 by ABC News

(NEW YORK) -- A representative of the Securities and Exchange Commission served Elon Musk earlier this month with a copy of a complaint alleging he misled investors when he bought millions of dollars in Twitter stock in 2022, according to a court filing on... Read More.

Trump criticizes Federal Reserve, calls for lower interest rates

Thursday, March 20 by ABC News

(WASHINGTON) -- President Donald Trump late Wednesday criticized the Federal Reserve, urging the central bank to reduce interest rates, hours after it chose to leave borrowing rates unchanged.The move marked the latest example of Trump exerting pressure on the Federal Reserve, despite a longstanding... Read More.

Will Trumps tariffs threaten the Feds soft landing? Experts weigh in.

Wednesday, March 19 by ABC News

(WASHINGTON) -- Federal Reserve Chair Jerome Powell stepped to the podium in August with a sunny forecast that defied the snow-capped mountains inscribed on curtains behind him.The central bank planned to begin cutting rates, Powell announced, reversing a yearslong battle against pandemic-era inflation. "The... Read More.

Fed set to make first interest rate decision since outbreak of trade war

Wednesday, March 19 by ABC News

(NEW YORK) -- The Federal Reserve is set to announce its first interest rate decision since a global trade war touched off by President Donald Trump's tariffs sent stocks reeling and triggered concern about a possible recession.The move arrives less than two weeks after... Read More.

Tesla board members, executive sell off over $100 million of stock in recent weeks

Tuesday, March 18 by ABC News

(NEW YORK) -- As Tesla stock has fallen in recent weeks, members of the board and an executive at Elon Musk's company have been selling off millions of dollars in stock, according to filings with the U.S. Securities and Exchange Commission.Together, four top officers... Read More.

Gold prices are soaring. Is it a good investment amid the stock selloff?

Monday, March 17 by ABC News

(NEW YORK) -- President Donald Trump’s tariffs sent stocks tumbling in recent weeks, but the uncertainty helped propel a different asset viewed as a safe haven: gold.The price of gold topped $3,000 per ounce for the first time ever last week, and the precious... Read More.

Harvard says tuition will be free for families making $200K or less

Monday, March 17 by ABC News

(CAMBRIDGE, Mass.) -- Harvard University on Monday announced that tuition will be free for students from families with annual incomes of $200,000 or less starting in the 2025-26 academic year."Putting Harvard within financial reach for more individuals widens the array of backgrounds, experiences, and... Read More.

US stocks climb amid signs government may avert shutdown

Friday, March 14 by ABC News

(NEW YORK) -- U.S. stocks climbed in early trading on Thursday, advancing amid signs the federal government may avert a shutdown and recovering some of the losses suffered during an escalating trade war.The Dow Jones Industrial Average jumped 230 points, or 0.6%, while the... Read More.