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ABC Business News
Check out the new Guardians of the Galaxy: Cosmic Rewind attraction at Walt Disney World
Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images (ORLANDO, Fla.) — A new roller coaster has been unveiled at Walt Disney World — Guardians of the Galaxy: Cosmic Rewind. The family-thrill attraction matches the “grandiosity” [Read More…]
3-row SUV market heats up as consumer demand soars: ‘There is no substitute’
Morgan Korn/ABC News (NEW YORK) — When the Volkswagen ID. Buzz goes on sale in the U.S., consumers may be seduced by the microbus’ nostalgic design and electric powertrain. They may also become enamored with [Read More…]
Vegadelphia files lawsuit against Dunkin’, Beyond Meat for trademark violation on plant-based breakfast sandwich
Alexi Rosenfeld/Getty Images (PHILADELPHIA) — A Philadelphia-based vegan food company is accusing Dunkin’ and Beyond Meat of stealing its slogan. The donut chain and the plant-based meat giant partnered a few years ago to create a [Read More…]
Unemployment rate holds steady at 3.6% as 428,000 jobs added in April
Douglas Sacha/Getty Images (WASHINGTON) — U.S. employers added 428,000 jobs to their payrolls in April, the latest figures released Friday by the Labor Department show. The increase marks the 12th straight month of job growth [Read More…]
Moms across the US demand change ahead of Mother’s Day
Jovanna Archuleta (NEW YORK) — As Mother’s Day weekend approaches, moms across the U.S. are speaking out about issues they say affect American families the most and the changes they hope to see as the [Read More…]
Biden touts economic growth, debt and deficit reduction ahead of Fed rate hike
Ting Shen/Bloomberg via Getty Images (WASHINGTON) — President Joe Biden on Wednesday said that the federal government will pay down the national debt this quarter for the first time in six years. His remarks on [Read More…]
Fed expected to announce decision on interest rates
Lance Nelson/Getty Images (NEW YORK) — The Federal Reserve is expected to raise interest rates on Wednesday in an effort to help battle inflation. The increase is expected to be half a percentage point. So [Read More…]
Kim Kardashian’s Skims launches The Adaptive Collection for people with limited mobility
Skims (NEW YORK) — This week, Skims, Kim Kardashian’s “solutions-oriented” brand of underwear, shapewear and loungewear, launched The Adaptive Collection for people with limited mobility. The collection includes four pieces, all within the Fits Everybody [Read More…]
New warning about rise in home-buying scams
Witthaya Prasongsin/Getty Images (NEW YORK) — As home buyers face low inventory, many are eager to make a deal as soon as they can, which can put some are risk for scams. Experts are warning [Read More…]
The Great Resignation: Its origins and what it means for future business
Jeenah Moon/Bloomberg via Getty Images (NEW YORK) — In 2021, more than 47 million Americans quit their jobs, according to the Bureau of Labor Statistics – the most resignations on record. As resignation rates remain [Read More…]
New Mexico expands program that could make child care free for many families
d3sign/Getty Images (NEW YORK) — New Mexico is expanding a program that waives the cost of child care, an initiative that could make child care free for many families in the southwestern state. The announcement [Read More…]
Diesel prices hit record high
David McNew/Getty Images (NEW YORK) — It’s not just regular gas prices that are higher. The rising cost for diesel fuel is having a ripple effect on truck drivers. The price for a gallon of [Read More…]
US economy slows, sparking fears of recession
sefa ozel/Getty Images (NEW YORK) — The U.S. economy shrank in the first three months of 2022, after years of growth, according to a new report. Economists had expected consumer spending to accelerate in March, [Read More…]
Dyson launches in-person professional stylist service in New York City
Dyson (NEW YORK) — Dyson just announced the launch of its first-ever paid services at its Demo Store in New York City. Starting April 30, customers can have their hair professionally styled using a Dyson [Read More…]
Elon Musk’s bid to end SEC tweet settlement rejected by judge
Chesnot/Getty Images (NEW YORK) — A federal judge in New York on Wednesday rejected Elon Musk’s request to terminate a settlement agreement with the Securities and Exchange Commission that he claimed was being abused to [Read More…]
Archegos founder Bill Hwang charged in massive stock market fraud
Marilyn Nieves/Getty Images (NEW YORK) — Federal prosecutors in New York on Wednesday announced criminal charges against the founder of a private investment firm and its chief financial officer for alleged “manipulative trading” and “deceptive [Read More…]
Ford chairman discusses company’s push to all-electric fleet
ABC News (NEW YORK) — The road toward an all-electric vehicle future is long and filled with roadblocks concerning high costs and supply chain issues, according to automakers and motor vehicle experts. However, the head [Read More…]
Will the $6 billion pledge to make transportation more sustainable be enough?
Jon Challicom/Getty Images (NEW YORK) — The funds to help states make transportation more sustainable have been promised, but will they be enough to propel the U.S. toward its emissions goals? While it’s a step [Read More…]
For many American families a living wage is out of reach: Report
tattywelshie/Getty Images (NEW YORK) — A new report diving into the data on vital measures of health and social determinants of health finds that women, and particularly women of color, continue to experience steep pay [Read More…]
Democrats raise alarms, Republicans celebrate, Twitter under Elon Musk
Yui Mok/PA Images via Getty Images (NEW YORK) — While Democrats raise alarms and Republicans celebrate Twitter’s announcement Monday that Elon Musk was buying the platform for $44 billion, experts weigh what political impact the [Read More…]