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ABC Business News

Pumpkin spice latte season returns: Where to get the coveted fall flavors early
Krispy Kreme (NEW YORK) — Although the first day of fall is still over a month away on the calendar, food and beverage brands are betting big on their seasonal bestsellers early, rolling out the [Read More…]

How did the stock market bounce back from its worst day in years?
Berkah/Getty Images (NEW YORK) — Volatility overtook the stock market last week, amplifying worries about a possible recession and stoking panic among investors. By the end of the week, however, the markets had almost fully [Read More…]

Canceling subscriptions should be as easy as signing up, new federal rule says
Carol Yepes/Getty Images (WASHINGTON) — In an effort to beef up protections for consumers against corporations, the Biden administration on Monday announced a handful of policies to crack down on “headaches and hassles that waste [Read More…]

HarrisWalz.com domain sells for $15,000
Andrew Harnik/Getty Images (NEW YORK) — This week, hours after Vice President Kamala Harris announced Minnesota Gov. Tim Walz as her running mate in the 2024 election, the website domain “HarrisWalz.com” sold for $15,000. It [Read More…]

Here’s why mortgage rates dropped to their lowest level in more than a year
Thomas Northcut/Getty Images (NEW YORK) — Mortgage rates this week dropped to their lowest level in more than a year, delivering some long-sought relief for homebuyers. The average interest rate for a 30-year fixed mortgage [Read More…]

Costco adds membership scanners upon entry to crack down on customers sharing cards
Customers wait in line to check out purchases at Costco store on June 28, 2023 in Teterboro, New Jersey. (Kena Betancur/VIEWpress/Corbis via Getty Images) (NEW YORK) — When customers walk in to shop at Costco [Read More…]

CosMc’s is officially open: What to know about the McDonald’s offshoot
CosMc’s (NEW YORK) — CosMc’s, a new small-format beverage-led concept from McDonald’s, has officially opened in San Antonio, Texas. Starting Thursday, patrons in the Alamo City will be among the first to try the new [Read More…]

Personal finances, net worth of Walz and Vance show stark differences
Adam J. Dewey/Anadolu via Getty Images (WASHINGTON) — The major party vice presidential nominees — Democrat Tim Walz and Republican JD Vance — sharply disagree on a range of issues. The differences in their personal [Read More…]

What is Tim Walz’s record on the economy? Look at Minnesota
Stephen Maturen/Getty Images (Bloomington, Minn.) — Minnesota Gov. Tim Walz, the Democratic vice presidential nominee, has enacted economic policies in the state on key issues like job creation and taxes. The track record, stretching back [Read More…]

What could the economic slowdown mean for the election?
Photo by Jaap Arriens/NurPhoto via Getty Images (NEW YORK) — Stock market gyrations this week came after a disappointing jobs report stoked concerns about an economic slowdown. The uncertainty drew heightened attention as the U.S. [Read More…]

Silicon Valley leaders get behind Kamala Harris
Vice President Kamala Harris delivers an address on Artificial Intelligence policy at the U.S. embassy, Nov. 1, 2023, in London. (Carl Court/Getty Images) (NEW YORK) — After several of its brightest stars declared support for [Read More…]

Stock prices seesaw as turbulence roils markets. How should investors respond?
Javier Ghersi/Getty Images (NEW YORK) — Stock prices worldwide seesawed dramatically this week, forcing investors to keep up with sudden turns in the market and weather fears of an economic slowdown. The S&P 500 on [Read More…]

Google violated antitrust laws to maintain dominance over online search, judge says
Jason Marz/Getty Images (WASHINGTON) — Google violated U.S. antitrust laws in maintaining a monopoly over the online search business, a federal judge ruled Monday, in a landmark ruling for the Justice Department in its efforts [Read More…]

Stocks recover some losses after tumultuous trading, calls grow for a Fed rate cut
Matteo Colombo/Getty Images (NEW YORK) — Stocks plummeted on Monday as markets worldwide reckoned with a disappointing jobs report last week that fueled concern of a possible recession. When markets opened on Monday morning, the [Read More…]

The US economy has defied recession forecasts for years. Is this time different?
Andrew Brookes/Getty Images, STOCK (NEW YORK) — A worldwide selloff jolted markets on Monday in the aftermath of a weaker-than-expected U.S. jobs report that elicited fear of an economic recession. Japan’s main Nikkei 225 stock [Read More…]

Dow falls 1,000 points as recession fears fuel calls for interest rate cut
Matteo Colombo/Getty Images (NEW YORK) — Stocks plummeted on Monday as markets worldwide reckoned with a disappointing jobs report last week that fueled concern of a possible recession. The major stock indexes in the U.S. [Read More…]

What’s behind the recent stock selloff?
Getty Images – STOCK/Yuichiro Chino (NEW YORK) — The major stock indexes dropped significantly on Friday after a weaker-than-expected jobs report stoked worries of a possible recession. In early trading, the S&P 500 was on [Read More…]

Trump is wrong about immigrants taking ‘Black jobs,’ economists say
Scott Olson/Getty Images (WASHINGTON) — Former President Donald Trump this week voiced an alarming claim about the alleged threat that immigrants pose to Black workers. “Coming from the border are millions and millions of people [Read More…]

Disappointing jobs report fuels recession worries and calls for interest rate cut
Andrew Harnik/Getty Images (NEW YORK) — A weaker-than-expected jobs report on Friday fueled concern about a potential economic recession and calls for an interest rate cut. Employers hired 114,000 workers last month, falling well short [Read More…]

Disappointing jobs report fuels recession worries and calls for interest rate cut
Kwanchai Lerttanapunyaporn / EyeEm/Getty Images (WASHINGTON) — A weaker-than-expected jobs report on Friday fueled concern about a potential economic recession and calls for an interest rate cut. Employers hired 114,000 workers last month, falling well [Read More…]