ABC Business News

ABC News (NEW YORK) — TikTok is facing growing scrutiny from government officials over cybersecurity fears about Americans’ data. U.S. officials are reportedly demanding that Chinese owners sell its stake in the app or risk a nationwide ban.

Phillip Spears/Getty Images (NEW YORK) — As fallout continues from the Silicon Valley Bank collapse — the second-biggest bank failure in U.S. history — people across the country are simultaneously feeling the impact of inflation in their

ANDREW CABALLERO-REYNOLDS/AFP via Getty Images (WASHINGTON) — Treasury Secretary Janet Yellen plans to say during a speech on Tuesday that “the situation is stabilizing and the U.S. banking system remains sound,” according to excerpts of her prepared

Javier Ghersi/Getty Images (NEW YORK) — The collapse of Silicon Valley Bank, the second-biggest bank failure in U.S. history, has thrust the financial system into distress, pulling attention away from a separate problem: sky-high inflation. The twin

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve was aware of risks to Silicon Valley Bank more than a year before its collapse, ABC News confirmed on Monday following a New York Times report. Even more, ABC

Westend61/Getty Images (NEW YORK) — Let’s be honest: electric vehicles can get a bad rap. Maybe it’s range anxiety. Or the scarcity — and uncertainty — of public charging stations. Both are valid reasons why some Americans

Mario Tama/Getty Images (NEW YORK) — Awkward dads and their eager children may not dance together on TikTok for much longer — at least not in the U.S. The prospect of a nationwide TikTok ban has escalated from

IronHeart/Getty Images (NEW YORK) — A string of bank collapses in recent days sent panic rippling through the financial sector, prompting an extraordinary U.S. government intervention to save depositors and a sharp drop for bank stocks in

Witthaya Prasongsin/Getty Images (NEW YORK) — SVB Financial Group and top executives have been named in a federal lawsuit amid the collapse of Silicon Valley Bank, the largest bank failure since the 2008 financial crisis. A shareholder

Anton Petrus/Getty Images (NEW YORK) — An Ohio public pension fund for teachers revealed it lost millions by holding more than $27 million in Silicon Valley Bank shares before the bank’s collapse. The State Teachers Retirement System