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ABC Business News
With oligarchs in the crosshairs, alleged Western ‘enablers’ attract fresh scrutiny
IronHeart/Getty Images (NEW YORK) — As governments scramble to seize high-profile assets owned by Russian oligarchs, a quiet effort is gaining momentum in the West to target their alleged “enablers” — the lawyers, lobbyists and [Read More…]
Half of working women of color earn less than $15 an hour, study finds
Oxfamamerica.org (NEW YORK) — Women of color are disproportionately represented in the low-wage workforce, a new study released Tuesday found. Half of working women of color earn less than $15 an hour, according to Oxfam, [Read More…]
Black former employees sue Google for racial discrimination
Google Maps Street View (NEW YORK) — Civil rights attorney Ben Crump filed a racial discrimination lawsuit against Google this week claiming there has been a pattern of racial discrimination toward minority employees. “Former Google [Read More…]
Disney employees stage walkout to demand action against ‘Don’t Say Gay’ bill
Melvyn Longhurst/Getty Images (ORLANDO, Fla.) — LGBTQ workers and employee allies at The Walt Disney Company staged a walkout in protest of Florida’s Parental Rights in Education bill, dubbed the “Don’t Say Gay” bill by [Read More…]
Pancake mix sold at Walmart recalled due to possible contamination from cable fragments
FDA (WASHINGTON) — The brand behind a buttermilk pancake and waffle mix sold at Walmart has recalled a single lot of the product, some of which it says may have possible foreign material contamination. Continental [Read More…]
Jergens recalls moisturizer due to possible bacteria contamination
FDA (CINCINNATI) — The company that makes Jergens lotion is recalling select bottles of moisturizers due to possible bacterial contamination. Kao USA Inc., based in Cincinnati, issued a voluntary recall on March 11 and is [Read More…]
Trial of Theranos executive Sunny Balwani to begin
Justin Sullivan/Getty Images (SAN JOSE, Calif.) — The criminal fraud trial of Ramesh “Sunny” Balwani, the ex-boyfriend of convicted Theranos founder Elizabeth Holmes and a top executive at the blood-testing company, is expected to begin [Read More…]
Disney employees plan walkout to demand action against ‘Don’t Say Gay’ bill
Melvyn Longhurst/Getty Images (ORLANDO, Fla.) — LGBTQ workers and employee allies at The Walt Disney Company are planning to stage a walkout in protest of Florida’s Parental Rights in Education bill, dubbed the “Don’t Say [Read More…]
Will US inflation get worse if Russia defaults on its debt?
Yevgen Romanenko/Getty Images (NEW YORK) — While Russia’s attack on Ukraine has many serious humanitarian consequences, there are also financial ones. Russia has collectively borrowed approximately $480 billion. Some of that money is sovereign debt [Read More…]
DC sues Grubhub over alleged ‘deceptive’ practices, ‘illegal tactics’
Artur Widak/NurPhoto via Getty Images (WASHINGTON) — The District of Columbia is suing Grubhub, accusing the food delivery service of deceptive trade practices that are misleading to customers and taking advantage of local restaurants. The [Read More…]
How to negotiate lower rent amid skyrocketing inflation and rising costs
Nora Carol Photography/Getty Images (NEW YORK) — With rising costs and inflation impacting everything from food to gas, it’s no surprise that home prices for buyers and renters are also up. Housing prices have soared, [Read More…]
Maryland, Georgia move to temporarily suspend gas tax amid nationwide high prices
Grace Cary/Getty Images (NEW YORK) — Some states are pressing ahead in an attempt to relieve the pain at the pump many Americans are feeling these days by temporarily suspending gas taxes to help lower [Read More…]
Shell pledges to stop buying Russian oil and gas
Mike Kemp/In Pictures via Getty Images (NEW YORK) — Energy giant Shell announced on Tuesday plans to withdraw from its involvement in all Russian hydrocarbons, including crude oil and natural gas, amid Russia’s unprovoked invasion [Read More…]
How three immigrant women honed new career paths at Hot Bread Kitchen
Hot Bread Kitchen (NEW YORK) — Immigrant women in the U.S. often make nearly impossible and difficult decisions to leave behind family members, careers and various aspirations in order to create a new life for [Read More…]
Red-hot prices at the gas pump set to soar even higher. Here’s why
Aimee Dilger/SOPA Images/LightRocket via Getty Images (WASHINGTON) — Red-hot prices at the pump are not only showing no signs of cooling down — but are instead set to soar even higher. The national average price [Read More…]
Americans seek to help Ukrainians by booking rental homes
ABC News (NEW YORK) — Americans like Chris and Amy Clary are booking Airbnb vacation rentals online in a bid to help Ukrainians directly amid Russian attacks of the Eastern European country. The Clarys are [Read More…]
Western companies cutting ties to Russia has limited effect, experts say
Vlad Karkov/SOPA Images/LightRocket via Getty Images (NEW YORK) — In light of Russia’s unprovoked invasion of Ukraine, many major American and Western companies have decided to drop their presence in the region. In the last [Read More…]
Mom reveals how she paid off $137,000 debt
Courtesy of Brandyn Rodriguez (CIBOLO, Texas) — Where there’s a will, there’s a way. That just might be the perfect one-liner to describe Brandyn Rodriguez and her journey to paying off $137,000 in debt. “Getting [Read More…]
Unemployment rate drops to 3.8% as 678,000 jobs added in February
Douglas Sacha/Getty Images (WASHINGTON) — U.S. employers added 678,000 jobs to their payrolls last month, the latest figures released Friday by the Labor Department show, exceeding economists’ expectations. Economists had expected to see employment grow [Read More…]
US targets Russian oil refining sector with export controls
sarote pruksachat/Getty Images (WASHINGTON) — The U.S. Commerce Department announced restrictions on certain goods used to refine oil preventing them from going into Russia in response to the invasion of Ukraine. The restrictions build upon [Read More…]