Teen 'Sneakerheads' Bet Thousands on High-Stakes Sneakers Trade

(NEW YORK) -- Two teenage boys eye rows upon rows of sneakers, sizing each up for rarity and signs of use. One of the boys points to a pair of limited-edition Nike Yeezys and said he is buying them... Read More

Rupert Murdoch Files for Divorce

(NEW YORK) -- Media mogul Rupert Murdoch filed for divorce from his wife of 14 years, Wendi Deng, on Thursday, a spokesman confirmed to ABC News. Murdoch, 82, chairman and chief executi... Read More

Weekly Jobless Claims Fall to 334,000

(WASHINGTON) -- Jobless claims kicked off the month of June by dropping to 334,000, the Labor Department reported on Thursday. For the week ending June 8, the number of people filing for... Read More

Foreclosure Filings Rise 2% in May as Banks Seize More Homes

(NEW YORK) -- The number of U.S. households that received a foreclosure filing last month rose slightly as banks seized more homes from borrowers in default, according to the latest... Read More

Photo of Wendy's Employee Eating Frosty from Machine Goes Viral

(NEW YORK) -- A photo of a Wendy's employee streaming ice cream from the soft serve Frosty machine directly into his mouth is making the rounds on the Internet. The photo, posted Wednesd... Read More

Are Flying Bikes the Solution to Road Traffic?

(NEW YORK) -- You don't have to rent E.T. to watch a bike soar through the air. Engineers in the Czech Republic have successfully tested their flying bicycle project, F-bike. I... Read More

NYC Considers Fining Buyers of Counterfeit Goods

(NEW YORK) -- For years, police in New York City have been chasing the guys on Canal Street selling phony Louis Vuitton handbags and $20 Rolex watches, but it hasn't stopped the counterfeit trade.&... Read More

Docktown’s ‘Floating Homes’ in California in Limbo

(REDWOOD CITY, Calif.) -- Not quite boats or houses, the “floating homes” of Docktown are home to at least 60 households in Redwood City, Calif., a city that is trying to balance the in... Read More

What to Know Before You Book Your Vacation

(NEW YORK) -- With summer finally here, many soon-to-be travelers will be tempted by all-inclusive packages that offer great deals to exotic locations that include flights, hotels and, sometimes, e... Read More

Amazon, IBM Battle for Government Tech Turf

(NEW YORK) -- Amid the National Security Agency's leaks scandal, another battle is raging between IBM and Amazon over a $600 million contract to set up a cloud-computing system for the CIA, highlig... Read More