ABC - Business

Cyberattack hits French blood bank site but no blood products were compromised

French authorities have thwarted a cyberattack on blood banks that aimed to dangerously raise storage temperatures

Visits to US McDonald's locations falls as customers struggle with cost of living

Traffic at U.S. McDonald’s restaurants fell during the third quarter as customers struggled with higher gas prices and the uncomfortably high cost of living

A promising new drug could turn the tide against HIV

Experts say that a promising drug that offers complete protection against HIV and requires only two shots a year isn't getting to enough people

Taco Bell sales recover in the US after summer cyclospora outbreak

Taco Bell’s U.S. sales are climbing again after a cyclospora outbreak tied to the chain slowed visits over the summer

US job postings jumped sharply in September, a sign hiring could pick up

U.S. employers ramped up their job postings in September as stronger economic growth may be encouraging more hiring

Belarus hosts trans-Atlantic security group's chief, part of efforts to improve ties with the West

The chief of a top trans-Atlantic security grouping has visited Belarus for the first time in years

UK will face AI cyberattacks on critical infrastructure by 2028, official says

Britain’s cyberchief says the U.K. is likely to face artificial intelligence cyberattacks on its critical infrastructure by 2028

Higher oil prices boost Saudi Aramco profits despite disruption from attacks

Saudi Aramco is reporting a 35% increase in third-quarter net profit, boosted by higher oil prices and the sale of a stake in a Malaysian company

Russian strikes choke Ukraine’s economy as steel shuts down and grain exports stall

Ukraine's economy is struggling as Russia's air war targets industries, logistics networks and ports needed for exports

Dodge announces return to NASCAR Cup Series beginning at Daytona 500

Dodge is returning to the NASCAR Cup Series in 2027, a year earlier than initially expected

Owner of private Serbian bank detained and accused of siphoning money

Serbian authorities have detained the owner of a private bank on suspicion he was siphoning money from the lender

KFC, Taco Bell locations close across Puerto Rico as they seek new franchise partner

All KFC and Taco Bell restaurants in Puerto Rico have temporarily closed after Yum

Ryanair CEO anticipates European airfare prices up as much as 20% next year

The CEO for Ryanair expects European airfare prices may climb as much as 20% next year as jet fuel prices rise

Approval of cheap version of HIV-prevention shot raises hopes in low-income countries

The U.S. Food and Drug Administration has approved a generic version of the world’s only twice-a-year shot to prevent HIV

Asian shares are mixed and US futures advance, while oil prices retreat

Asian shares are mixed ad oil prices have retreated, falling sharply on renewed hopes for progress in diplomatic efforts between the U.S. and Iran

United Arab Emirates says military solutions offer no quick off-ramps to crisis with Iran

The United Arab Emirates hopes for a diplomatic breakthrough in Qatar-led mediations to prevent a new confrontation between the U.S. and Iran

Civilians in Ukraine's Kherson prepare for the return of war as localized ceasefire ends

Civilians in Ukraine's Kherson region are preparing for the end of a localized ceasefire

India's opposition parties stage new protest against the country's election chief

It's the latest display of public dissent against PM Modi’s government.

FBI blames North Korea for stolen billions from Binance in biggest hack in history

FBI sys attack was tied to an entity known as TraderTraitor.

Tusk defends suspension of Poland’s Constitutional Tribunal president as protesters gather again

Prime Minister Donald Tusk says his government is acting to restore judicial independence in Poland

Hundreds of thousands of young protesters take to the streets across France

Thousands of young protesters take to the streets of France for a third weekend.

Rising health costs and coverage changes are big concerns for older adults as Election Day nears

Rising healthcare costs are a major concern for older Americans, and it's affecting their finances and political priorities

DEA approvals could bring big tax benefits for medical marijuana businesses

The U.S. Drug Enforcement Administration has for the first time issued registrations to medical marijuana businesses

ExxonMobil and Chevron top Q3 estimates on higher prices and strong output

ExxonMobil and Chevron both reported better than expected quarterly results Friday as the oil majors benefited from higher prices and record production

Dockworkers stage international strikes to denounce arms shipments

Dockworkers across Europe and beyond are staging strikes as part of an international campaign against arms shipments and to demand better working conditions

Europe's economy brushes off energy shock from Iran war, shows moderate growth in Q3

Europe’s economy persevered with moderate growth in the third quarter despite higher oil prices from the US-Iran war, as gross domestic product increased by 0.4% over the quarter before

Frances Tiafoe supports young tennis players' careers while still building his own

Frances Tiafoe may still be waiting for his first Grand Slam championship, but the American tennis star has already celebrated a meaningful career milestone

Netanyahu’s party claims election 'stolen' as results show him losing majority

Israeli Prime Minister Benjamin Netanyahu and his party have amplified claims that the country's election was “stolen” by Arab-led parties

The sell-off for tech stocks drags Wall Street toward its worst day since June

A sell-off for tech stocks is worsening on worries that Wall Street’s frenzy around AI sent prices too high

Spain’s latest deadly train crash puts human error and systemic failure under scrutiny

Spain's second major train collision this year has sparked debate over whether human error or rail network failures are to blame

A popemobile exhibition at the Vatican features the vehicle popes have used since 1930

The Vatican is opening a celebration of the popemobile

Binance flags 'potential security issue,' says crypto firms froze more than $2.5B

Binance, the world's largest cryptocurrency exchange, is investigating a potential security issue that appears to be a hack

Starbucks reports lower than expected revenue on softer international demand

Starbucks reported lower than expected revenue in its fiscal fourth quarter as international traffic softened

Amazon's 3Q results miss analysts' estimates, but posts solid sales gains in cloud computing unit

Amazon offered a cautious sales outlook for the current fourth quarter that encompasses the critical holiday shopping period after delivering fiscal third-quarter results that came in below Wall Street analysts’ expectations

Make no bones about it, the giant skeleton has become an American Halloween fixture

It reared its bony head in 2020, during that first, chaotic pandemic year that was rife with grief and fear but also toilet paper hoarding and questionable lockdown-inspired purchases

Average 30-year US mortgage rate dips to 7.24%, the lowest level in more than a month

The average long-term U.S. mortgage rate declined for the second straight week, falling to its lowest level in more than a month

A potentially historic drop for Alphabet's stock drags the US market lower

A potentially historic drop for Alphabet's stock is dragging the U.S. stock market lower

US unemployment claims slide to 194,000, the lowest since mid-July

The number of Americans applying for unemployment claims dipped last week to 194,000 — lowest since mid-July — as layoffs remain low and most Americans enjoy job security

Airbnb pledges $500M to nonprofit, scaling emergency stays and raising questions over housing relief

Airbnb is dedicating more than $500 million to its philanthropic arm over the next five years

CNN, MSNOW and Politico ask court to make Trump access order permanent

Three news outlets are telling a federal court that the White House is defying a judge's orders by refusing to let them return to covering President Donald Trump

European Central Bank President Christine Lagarde will resign Feb. 7

European Central Bank President Christine Lagarde will resign nine months before her term ends

Putin woos African leaders at a Moscow summit aimed at expanding Russia-Africa ties

Russia's President Vladimir Putin has courted dozens of African leaders at a Russia-Africa summit, part of his efforts to bolster Moscow’s clout across the continent

Hong Kong's housing minister resigns after fire investigation finds inadequate oversight

Hong Kong leader John Lee apologized Thursday and said his housing secretary resigned after an investigation into the city’s deadliest fire in decades found inadequate regulatory oversight

Iraqi court hands down prison terms to 2 politicians and an oil official in graft case

An Iraqi court has sentenced two prominent politicians and a state-run enterprise head to prison in a corruption case

Senate is skeptical about making daylight saving time permanent despite Trump's pressure

Volkswagen posts $6.5 billion quarterly loss amid China slump, Porsche writedown

Volkswagen has posted a $6.5 billion after-tax loss for the July-September quarter

Samsung keeps shattering profit records as AI boom lifts chip demand

Samsung Electronics has reported a record operating profit of $80.5 billion, driven by high demand for computer memory chips used in AI systems

As war strains Kremlin finances, Putin searches for new revenue streams

With Russia’s invasion of Ukraine intensifying the strain on state finances, President Vladimir Putin is reaching for cash to fund his government and the war, squeezing tax revenue from an economy that’s increasingly skewed toward the military — while ...

Carney, top EU official push Canada associate membership and wider alliance against Trump threats

Canadian Prime Minister Mark Carney and the European Union’s top official pushed to make Canada the bloc’s first “associate member” and build a broader alliance open to other countries, warning that foreign economic pressure threatens their sovereignty...

Drones strike a container ship off Bulgaria's Black Sea coast and its crew members are rescued

Three maritime drones have struck a container ship in the Black Sea off Bulgaria's coast, according to the country's defense minister

FTC orders Walmart, Delta and others to share how they use personal data to set prices and pay

The U.S. Federal Trade Commission is ordering Delta Air Lines, Walmart and other companies to provide detailed information on how they use consumers’ data when they are setting prices

Wendy's, struggling with beef prices and growing competition, gets a buyout offer

Shares of Wendy’s jumped 15% at the opening bell after noted investor Nelson Peltz made an offer to buy the struggling burger chain

Tech sector rally continues with Fed expected to leave benchmark interest rate alone

Tech stocks have surged this week ahead of a meeting of the U.S. Federal Reserve with markets anticipating no change to the benchmark U.S. interest rate, at least not yet

US cruise ship suspends global voyage due to fuel costs, stranding 200 passengers

A U.S. cruise ship on a three-year voyage has suspended its journey in Cambodia due to high fuel costs, forcing hundreds of passengers to disembark

UK Treasury chief faces headwinds as he delivers first budget under new PM Burnham

British Treasury chief John Healey faces a fine balancing act when he delivers his first budget statement, with the economic backdrop made more difficult as a result of the turmoil caused by the Iran war

Ashes, India series result in record revenue, net surplus for Cricket Australia

Media rights agreements for the Ashes and a limited-overs series against India have helped Cricket Australia post a record revenue of 601.1 million Australian dollars ($423 million) and a net surplus of A$81.8 million ($57 million)

Trump plans to loosen restrictions on methane emissions from oil drilling

President Donald Trump is expected to announce plans to loosen a Biden-era rule that aimed to reduce planet-warming emissions of methane from oil and gas drilling

EPA response to 2023 Ohio train derailment will be investigated by agency watchdog

The Environmental Protection Agency’s response to the disastrous 2023 East Palestine train derailment will be investigated after dozens of residents of the small town on the Ohio-Pennsylvania and Vice President JD Vance requested the review

Portugal’s Parliament debates government spending plans as housing protests swell

Portugal's Parliament is debating the government's spending plans amid protests over a housing crisis

This freight train claims to be the longest ever. Here's how long

South Africa claims it has sent the longest freight train in the world on a test run

Soccer star Kylian Mbappé apologizes for apparent reference to Mao as a 'dictator'

Kylian Mbappé has apologized for comments referring to Mao Zedong as a dictator

ByteDance founder Zhang Yiming reclaims top spot in China’s rich list

ByteDance founder Zhang Yiming has reclaimed the top spot on a list of China’s richest people, driven by his company’s push into artificial intelligence

Carney says Trump moving closer to Canada’s trade demands as midterms loom

Canadian Prime Minister Mark Carney says trade talks with the United States have intensified slightly but Canada is holding firm on its demands, insisting any progress is because Washington is moving closer to Ottawa’s position

Dollar General sued by FTC, 20 states for what's being described as deceptive pricing

The Federal Trade Commission is suing the bargain chain Dollar General for what it says are “long-running deceptive pricing practices” by charging customers more once they reach the register than the prices that are displayed on shelves and in advertis...

Delegations meet in Iran with Mideast region on edge over potential for renewed fighting

High-level delegations from Saudi Arabia, Pakistan and Turkey are in Tehran for talks aimed at preventing renewed fighting in the Iran war

Egypt's parliament authorizes military support for Saudi Arabia to defend against Houthi attacks

Egypt’s parliament has voted to authorize President Abdel-Fattah el-Sissi to provide Saudi Arabia with military support in defending the kingdom against attacks by Iran-backed Houthi rebels

Saudi-led coalition says it destroyed Houthi missile facilities, and other Mideast news

The Saudi-led coalition said it destroyed several Houthi tunnels and missile launchers in Yemen, weakening the rebels’ ability to strike Saudi Arabia

In his own words: Trump on gas prices and energy costs since launching the war with Iran

Since launching the war with Iran nearly eight months ago, U.S. President Donald Trump has struggled to quell soaring energy costs, undermining Republicans’ attempt to keep control of Congress in the midterm elections next week

Trump failed to stop inflation. Now Republicans may pay the price in the midterms

One week before midterm elections, President Donald Trump is struggling to deliver on his promise to bring down costs

Flash floods inundate several areas of Thailand's Phuket island after heavy rain

Flash flooding has inundated several areas of Thailand's island of Phuket after heavy rain overnight

Home sellers are lowering their price and helping buyers to make a deal in a stagnant market

A stagnant housing market hampered by surging mortgage rates, years of soaring home prices and an economy undercut by rising inflation has many sellers stuck in limbo as homes go months without an offer

Trump critic Lula wins reelection in Brazil, securing fourth presidential term

Flavio Bolsonaro is refusing to concede defeat to incumbent President Luiz Inácio Lula da Silva, who bested him by nearly 4.4 million votes, following a chaotic delay in poll closing times ordered by a Supreme Court justice

Explosion and fire erupt at Quaker Oats plant in Cedar Rapids, Iowa; no injuries

The fire evidently began with an explosion, the fire department said.

Halloween candy sales are off to a slow start amid high chocolate prices and affordability concerns

Halloween candy sales are off to a slow start this year as U.S. consumers grapple with high living costs and eye-popping chocolate prices

Inflation, earnings reports and the mood of consumers and the Federal Reserve fill out a busy week

A key update on inflation and its impact on consumer confidence, economic growth and interest rate policy will fill a busy calendar this week along with more big earnings reports

Halloween costumes have a spooky environmental impact. Swaps are a way to reduce waste and recycle

Halloween costumes are often worn once and then thrown away

Wall Street mostly loses ground under pressure from rising oil prices

Stocks are mostly slipping on Wall Street under increasing pressure from rising oil prices

Barclays is latest to redirect spending toward AI as it trims its workforce

The cost of building out the infrastructure needed to satisfy booming demand for artificial intelligence is changing the way major companies allocate resources

A drone hit and sank a cargo vessel in new Black Sea attack near Romania, killing 1

A drone attack has hit and sunk a cargo vessel in the Black Sea, killing one crew member and leaving three missing

American Express profit jumps as customers stick with the $895 Platinum Card

American Express reports a sharp rise in third-quarter profits, driven by a successful transition to its higher-fee Platinum Card

Kremlin says first tanker of Russian diesel sets sail for the US

The Kremlin says that a first tanker carrying Russian diesel to the United States has set sail under a new import agreement

Paris' Louvre, other top museums will shut down Saturday over protest violence fears

French authorities have announced the deployment of 70,000 law enforcement officers nationwide to prevent violence during planned protests on Saturday

With lockout looming, World Series could be MLB's last games for a while

Major League Baseball faces uncertainty as owners pushes for a salary cap, threatening a lockout starting Dec. 2

How major US stock indexes fared Thursday 10/22/2026

The latest shudder for AI stocks pulled markets lower around the world

The Ford Foundation, one of the world's largest grantmakers, will throw more weight behind democracy

The Ford Foundation, one of the world’s largest private grantmakers, will overhaul its spending to counter what new leadership views as the mutually reinforcing rise of both autocracy and inequality

Average long-term US mortgage rate eases to 7.32% in first pullback since late August

Mortgage rates fell this week for the first time since late August, easing some of the pressure on prospective homebuyers facing higher borrowing costs on home loans

Lawyers for Trump, BBC battle over depositions in president's $10 billion defamation case

Lawyers for the BBC and Donald Trump are in court arguing over whether former special counsel Jack Smith should be deposed in Trump’s $10 billion defamation case against the British broadcaster

Mark Carney lands in Turkey to forge a new partnership as Canada looks beyond the US

Canadian Prime Minister Mark Carney has arrived in Turkey for a two-day visit to forge a new partnership

Millions in cheese revenue lost as protest torpedoes Italy's buffalo mozzarella output

A truckers' protest in southern Italy has halted the production of buffalo mozzarella, causing an estimated 3 million-euro loss in just 24 hours

World shares retreat as report of damage to oil tankers pushes oil prices higher

World shares and U.S. futures have retreated after oil prices jumped more than 2%

Coastal construction projects threaten the mangrove forest that protects Vietnam's biggest city

Construction projects are putting at risk a mangrove forest that stands between Vietnam's Ho Chi Minh City and rising seas

Trump administration wants to reconsider permit for offshore wind project

The Trump administration is asking a federal judge to let it reconsider a major federal permit granted for a large offshore wind farm, making it the fourth project the Republican leadership has targeted in recent months

US stocks nudge higher as SpaceX, Tesla and Nvidia climb

The U.S. stock market is drifting higher following strong profit reports from SpaceX, Capital One Financial and other big companies

Hungarian police arrest Orbán-era central bank governor on suspicion of fraud and abuse

Hungarian police have taken former Central Bank governor György Matolcsy into custody

UK inflation rise to highest in almost a year as Iran war drives fuel prices higher

Inflation in the U.K. has risen to its highest rate in almost a year as the Iran war continues to drive up fuel prices

Polymarket removes contract allowing wagers on fate of Cornell students accused of sexual assault

Polymarket has removed a contract from its prediction market platform that allowed users to wager on whether any of the seven men accused of sexually assaulting or exploiting a Cornell student in 2024 will be charged with a felony sex crime

UN projections say world is losing ground in fight to curb climate change

Humanity is losing more ground in its fight against climate change

Netflix posts higher Q3 profit but revenue growth worries pull shares lower

Netflix, which announced layoff plans last week, posted a third-quarter profit above Wall Street’s expectations

Instacart settles federal claims of discrimination against US-born job seekers

The federal government has reached a $5 million settlement with Instacart for allegedly discriminating against U.S.-born workers in its hiring practices

At least $963K in trading cards were stolen from a FedEx truck in California

Police in California are investigating the theft of trading cards worth at least $963,000 from a FedEx truck