Soaring fuel costs draw attention to higher prices at name-brand gas stations

Tuesday, May 12 by ABC News

(LOS ANGELES) -- A Chevron gas station in Los Angeles elicited headlines in recent weeks for charging an eye-popping $8.71 a gallon, becoming an emblem for the spike in fuel costs set off by the Iran war.Sky-high gas prices nationwide owe primarily to a... Read More.

DOJ reaches $30 million deal with PayPal over minority-owned business program

Tuesday, May 12 by ABC News

(WASHINGTON) -- PayPal has agreed to waive $30 million in processing fees in order to resolve a federal investigation into an investment program that sought to boost Black and minority-owned businesses, the Justice Department announced Tuesday.The probe is just one of a number launched... Read More.

Jobs report showed hiring slowed, but exceeded expectations

Friday, May 8 by ABC News

(NEW YORK) -- Hiring slowed in April as a rise in fuel prices hammered shoppers weeks into the war with Iran, U.S. government data on Friday showed.The U.S. added 115,000 jobs in April, according to the report, which marked a cooldown from 178,000 jobs... Read More.

Apple’s $250 million class-action settlement paves way for payouts to iPhone owners

Wednesday, May 6 by ABC News

(NEW YORK) -- Apple has agreed to settle a class-action lawsuit for $250 million after the tech giant was accused of marketing Apple Intelligence technologies that "did not exist" yet, according to a Tuesday court filing.The settlement paves the way for payouts of up... Read More.

Is California at risk of a gasoline shortage amid the Iran war? Experts explain

Wednesday, May 6 by ABC News

(NEW YORK) -- Sky-high gasoline prices are hammering drivers across the United States as the Iran war chokes off global oil supply. California, however, may be feeling the sting more than anywhere else.The average price of a gallon of gasoline in California clocks in... Read More.

Airlines reduce, cap fares for Spirit travelers looking to rebook canceled flights

Saturday, May 2 by ABC News

(NEW YORK) -- The Department of Transportation said on Saturday the majority of airlines will be capping tickets prices for Spirit Airlines travelers who need to rebook their canceled flights.Some carriers have even reduced fares on high volume routes where Spirit used to operate.Spirit... Read More.

Trump says announcement expected today on Spirit Airlines deal

Friday, May 1 by ABC News

(WASHINGTON) -- President Donald Trump said an announcement was expected Friday on Spirit Airlines, amid a report that the airline was preparing to cease operations after a $500 million rescue deal fell apart.The Wall Street Journal first reported that the airline is preparing to... Read More.

US economy grows at solid pace to start 2026

Thursday, April 30 by ABC News

(NEW YORK) -- The United States economy grew at a solid pace over the first three months of 2026, rebounding from sluggish performance at the end of last year, a government report on Thursday showed.The economy grew at an annualized rate of 2% in... Read More.

Fed expected to hold interest rates steady

Wednesday, April 29 by ABC News

(NEW YORK) -- The Federal Reserve on Wednesday will issue its latest announcement on interest rates as gasoline prices in the U.S. reach their highest level in four years. The move marks what may be the central bank's final decision on borrowing costs under... Read More.

Fed chair nominee Kevin Warsh advances to Senate confirmation vote