Page Updated: Thursday, October 15, 2026 7:42 AM ET

ABC News - Business

Taiwan chipmaker TSMC explores Texas investment to expand production in the US - Taiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand chip production in the U.S. The company says it is open to collaborating with Elon Musk's planned "Terafab" chip manufacturing complex in Texas

5 minutes ago

Netflix is laying off 6% of its workforce, in its biggest round of job cuts in years

18 hours ago

OpenAI employee accused of planting a bug in the company's San Francisco headquarters -- The suspect, Abdulrahman Alfozan, is a 35-year-old Saudi national, the FBI said.

14 hours ago

Apple's new HomeView smart display to cost $299

3 hours ago

The first new sunscreen type in 25 years has arrived on US store shelves

16 hours ago

Lufthansa to buy 44.9% of TAP Air Portugal in €1.2B deal

22 hours ago

US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws

1 day ago

Kroger to lay off 3K corporate employees over 3 years as it leans into AI

1 day ago

Social Security Administration says cost-of-living adjustment will rise 3.6% in 2027

21 hours ago

Gas prices break record for days above $4 a gallon as oil shortage continues -- The national average price of a gallon of gas stands at $4.33, AAA says.

15 hours ago

Inflation climbs in September as gas prices surge -- Inflation stands well above the rate recorded prior to the Iran war.

18 hours ago

Why are gas prices still high even as traffic improves in the Strait of Hormuz? -- Gas prices stand above $4.30, marking an increase of 46% from pre-war levels.

6 days ago

Jaguar unveils 6-figure electric sedan it hopes marks a turnaround -- The radical new design for Jaguar also comes with a radically bigger price tag.

8 days ago