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ABC Business News
OpenAI announces new version of AI language model that fuels ChatGPT
Silas Stein/picture alliance via Getty Images (NEW YORK) — OpenAI announced a desktop version of its conversation bot ChatGPT on Monday as well as the latest iteration of the AI language model that fuels the [Read More…]
McDonald’s may consider $5 value meal as food prices continue to soar
Justin Sullivan/Getty Images (NEW YORK) — McDonald’s could soon be lowering prices and possibly launching a new value meal to its menus. The Golden Arches currently offer some individual items on its $1, $2, $3 [Read More…]
Home prices are soaring. Is this another bubble?
Thomas Northcut/Getty Images/STOCK (NEW YORK) — Roughly 15 years after a housing bubble triggered the worst U.S. financial disaster since the Great Depression, some observers are voicing concern that the industry has fallen into another [Read More…]
Target will only sell Pride Month collection in some stores after backlash in 2023
Target has announced that it will only sell their Pride Month collection in select stores after suffering a backlash and boycott last year during the 2023 Pride season. — Target (NEW YORK) — Target has [Read More…]
Student loan rates set to reach 16-year high: ‘It’s a shock’
Justin Sullivan/Getty Images (NEW YORK) — The borrowing cost for student loans is poised to reach a 16-year high. The interest rate on a federal undergraduate student loan is expected to climb to 6.5% in [Read More…]
TikTok sues to block potential ban. Can it win?
5./15 WEST/Getty Images (NEW YORK) — ByteDance, the parent company of TikTok, struck the latest blow in a high-stakes clash between the social media company and the U.S. government, filing a lawsuit this week challenging [Read More…]
TikTok to automatically label AI-generated content
Adobe/TikTok (NEW YORK) — TikTok announced on ABC News’ Good Morning America Thursday morning that beginning immediately, the social media giant will automatically label Artificial Intelligence-generated content when it is uploaded from certain platforms. “Our [Read More…]
What to know about the new AI data center in Wisconsin
Getty Images – STOCK (MOUNT PLEASANT, Wis.) — President Joe Biden is set to announce on Wednesday a $3 billion investment by tech giant Microsoft to build an artificial intelligence data center in southeast Wisconsin. [Read More…]
Panera drops controversial Charged Lemonade from drink menu
A Charged Lemonade from a Panera Bread Co. is seen on a table, Dec. 12, 2023, in New York. (Bing Guan/Bloomberg via Getty Images) (NEW YORK) — Fast casual restaurant chain Panera Bread is doing [Read More…]
Where is Apple headed after latest product event? Experts weigh in
Fiordaliso/Getty Images (NEW YORK) — Apple unveiled new models of its iPad at an event on Tuesday, promising revamped devices at affordable prices. “This is the biggest day for iPad since its introduction,” CEO Tim [Read More…]
Boy Scouts changing name to Scouting America to be more inclusive
Robb Reece / Getty Images (NEW YORK) — In an effort to be more inclusive, The Boy Scouts of America is changing its name to Scouting America, the organization announced Tuesday. The rebrand reflects “the [Read More…]
Starbucks sales are slumping. Is it a bellwether for the economy?
JohnFScott/Getty Images (NEW YORK) — Starbucks shares have plummeted more than 17% in value since the company revealed a sales slump in an earnings report last week. “The brand is incredibly resilient, but it’s clearly [Read More…]
Interest rates may stay high for longer. Here’s what it means for the 2024 election.
Javier Ghersi/Getty Images (NEW YORK) — At the start of 2024, the economy appeared to deliver just about everything President Joe Biden could want: falling inflation, robust growth and a forecast of interest rate cuts [Read More…]
More people support than oppose a TikTok ban; frequent users, young adults push back: POLL
5./15 WEST/Getty Images (NEW YORK) — Young adults and frequent users push back against the federal government forcing a sale of TikTok or banning the social media app in the United States, but older adults, [Read More…]
Some Planters nuts recalled for potential listeria contamination
FDA (NEW YORK) — Publix and Dollar Tree shoppers should check their pantries for two types of Planters brand nuts that were recently recalled across five states. In a company announcement dated May 3 and [Read More…]
Boeing locks out its firefighters amid union fight for pay
David Madison/Getty Images (WASHINGTON) — Boeing officially locked out its unionized firefighters in Washington after the firefighter’s union failed to come to an agreement with the company after two-and-a-half months of negotiations, primarily over pay. [Read More…]
April jobs report misses expectations, signaling a possible slowdown
Catherine Falls Commercial/Getty Images (NEW YORK) — A worse-than-expected jobs report on Friday offered the latest evidence of an economic slowdown that could help ease inflation and trigger interest rate cuts. The trend, however, threatens [Read More…]
Hawaii counties get more say over short-term rentals amid housing crisis in aftermath of Maui wildfires
A person golfs on the first day of tourism resuming in west Maui, two months after a devastating wildfire, on Oct. 08, 2023 near Lahaina, Hawaii. Mario Tama/Getty Images, FILE (HONOLULU) — Hawaii Gov. Josh [Read More…]
Interest rates could be high for much longer. Here’s what it means for your finances
Tetra Images/Getty Images (NEW YORK) — For months, the Federal Reserve has forecasted interest rate cuts that would deliver much-needed relief for Americans burdened by high mortgage and credit card loans. At a press conference [Read More…]
Ahead of election, Lyft CEO details company’s newest efforts to boost voter turnout
Hill Street Studios/Getty Images (NEW YORK) — Ahead of the upcoming election in November, the popular ride-sharing service Lyft announced a partnership that its CEO said he hopes continues the company’s mission to bring more [Read More…]