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ABC Business News

Facebook announces it is changing company name to Meta amid mounting controversies
Thinkhubstudio/iStock (NEW YORK) — In the shadow of mounting controversies for his beleaguered tech firm, CEO Mark Zuckerberg laid out his vision for the future of the internet at a company conference Thursday, which he [Read More…]

New York woman sues Kellogg’s for $5 million over Frosted Strawberry Pop-Tarts
bhofack2/iStock (NEW YORK) — A woman from New York is suing The Kellogg Company for $5 million because she says the company’s Whole Grain Frosted Strawberry Pop-Tarts product doesn’t have enough strawberries in its filling. [Read More…]

How the proposed billionaires’ income tax would work
Douglas Rissing/iStock (WASHINGTON) — A proposal to levy a new tax code on America’s ultra-wealthy has sent shockwaves through the nation’s capital and beyond on Wednesday, as lawmakers struggle to reach an agreement over how [Read More…]

Spanx founder Sara Blakely gives staff $10,000, plane tickets
iStock/Wolterk (NEW YORK) — Sara Blakely is probably going down as one of 2021’s best bosses ever. The Spanx founder recently announced that she is giving the company’s employees two first-class Delta plane tickets to travel [Read More…]

Striking John Deere worker killed in traffic accident reporting to picket line
WQAD (MILAN, Ill.) — A John Deere worker who was taking part in the ongoing strike was killed in a traffic accident while walking to the picket line on Wednesday morning, the United Auto Workers Union [Read More…]

Airlines turn to facial recognition technology ahead of holiday rush
Delta Air Lines (NEW YORK) — The travel industry is gearing up for what could be its busiest season since the coronavirus pandemic began, and at least one U.S. airline is aiming to make things [Read More…]

What to know about Jessica Rosenworcel, who was nominated to become first woman to lead FCC
Chip Somodevilla/Getty Images (WASHINGTON) — Jessica Rosenworcel is in line to make history as the first woman to head the Federal Communications Commission, after President Joe Biden announced on Tuesday his intent to officially nominate [Read More…]

TikTok, Snap, YouTube execs grilled on impact on young users: Key takeaways
5./15 WEST/iStock (WASHINGTON) — A Senate panel on Tuesday grilled executives from YouTube, TikTok and Snapchat on what the social media companies are doing to ensure young users’ safety in the wake of revelations about [Read More…]

Customers can soon rent a Tesla at Hertz after company orders 100,000 electric vehicles
iStock/jetcityimage (NEW YORK) — Rental car giant Hertz announced it was buying 100,000 Tesla electric vehicles that will be available to customers starting next month. Tesla stock soared on news of the massive order, and [Read More…]

Amazon’s warehouse workers in Staten Island file petition for union election
iStock (NEW YORK) — A coalition of Amazon warehouse workers in New York City have officially filed a petition for a union election with the National Labor Relations Board on Monday. Kayla Blado, the press [Read More…]

Facebook whistleblower documents offer new revelations about Jan. 6 response
Diy13/iStock (WASHINGTON) — The day of the Jan. 6 insurrection, Facebook noticed a rise in social media posts calling for violence and incitement around the certification of the U.S. presidential election result and the storming [Read More…]

Supply chain problems forcing small businesses to change how they operate
svetikd/iStock (NEW YORK) — The supply chain issues the U.S. economy is currently facing are not only affecting consumers during the peak shopping season, but small businesses have also started to feel the effects of [Read More…]

Hummer EV truck shows it can compete with its gas-powered rivals
marekuliasz/iStock (MICHIGAN) — “Attack the grade here. Now mash the brake and modulate the throttle,” Al Oppenheiser, the chief engineer of GMC’s Hummer EV, guided me as I carefully steered the 9,000-lb. truck up a [Read More…]

What to know about ‘Striketober’: Workers seize new power as pandemic wanes
tacojim/iStock (NEW YORK) — A spate of strikes has rocked the private sector, revealing the new power workers wield as the pandemic wanes in the U.S. and sending a message to employers who may have [Read More…]

Black Friday 2021: The stores closed (and open) on Thanksgiving Day
P_Wei/iStock (NEW YORK) — Last year, Thanksgiving and Black Friday looked a little different, due to the COVID-19 pandemic. While holiday shopping has increasingly shifted to online in recent years, the pandemic led to an [Read More…]

Latina Equal Pay Day: Meet organizations fighting to close the income gap
LaylaBird/iStock (NEW YORK) — More than 50 years after the passage of the Equal Pay Act of 1963, Latinas typically earn only 57 cents for every dollar earned by white, non-Hispanic men and must work [Read More…]

Donald Trump launching new social media platform, TRUTH Social
scyther5/iStock (NEW YORK) — Silenced by many major platforms, former President Donald Trump is launching his own social media app. Trump Media and Technology Group and Digital World Acquisition Group, which is already listed on [Read More…]

Johnson & Johnson looking to bankruptcy to resolve 40,000 baby powder cancer suits
evemilla/iStock (NEW YORK) — Citing what it calls an “unrelenting assault” by greedy lawyers, Johnson & Johnson is hoping to use the bankruptcy process to dispose of 40,000 lawsuits that claim its baby powder products [Read More…]

Supply chain questions answered, plus tips and solutions for smart shopping
DarioEgidi/iStock (NEW YORK) — The strained supply chain and worldwide shipping crunch has had an impact on everything from holiday shopping to every day goods and services. Good Morning America assembled an expert panel to [Read More…]

Pete Buttigieg responds to paternity leave criticism as Congress weighs national paid leave
Scott Olson/Getty Images (WASHINGTON) — U.S. Secretary of Transportation Pete Buttigieg has spoken out about his decision to take paternity leave after the birth of his twins, calling it “important work.” The comments from Buttigieg [Read More…]