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ABC Business News
FTC sues Intuit TurboTax’s ‘free’ filing campaign
Andrew Harrer/Bloomberg via Getty Images (NEW YORK) — As Americans continue to file their taxes ahead of Tax Day, the Federal Trade Commission has slapped a lawsuit against a company behind a popular tax filing [Read More…]
Lawmakers aim to strengthen transparency in murky federal contracting process
J.Castro/Getty Images (WASHINGTON) — A bipartisan coalition of senators introduced legislation on Monday meant to improve transparency in the highly competitive and notoriously murky federal contracting process, taking aim at companies that accept lucrative work [Read More…]
Americans seek flea market deals amid historic inflation
imagedepotpro, Getty Images (CHICAGO) — It’s no surprise Americans are feeling the impact of the country’s worst inflation in 40 years. In fact, the Federal Reserve is already considering raising interest rates again, according to [Read More…]
Vanessa Bryant solidifies new deal with Nike to honor Kobe Bryant’s legacy
code6d/Getty Images (NEW YORK) — Vanessa Bryant has partnered with Nike to honor the life and legacy of her late husband, basketball star Kobe Bryant. The athletic apparel company announced Thursday that in collaboration with [Read More…]
Krispy Kreme’s March Madness promo gives new meaning to Sweet 16
leezsnow/Getty Images (NEW YORK) — When it comes to the NCAA March Madness basketball tournament, brackets are either busted or booming. So one brand came up with a way to sweeten the experience for everyone. [Read More…]
Dairy Queen releases new spring-inspired, lilac-hued dipped cone
Dairy Queen (NEW YORK) — Pale pastel colors and fresh fruit are just a couple of indicators that we’ve left winter behind and moved on to sunnier spring days ahead. Dairy Queen has embraced both [Read More…]
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…]
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…]
Exclusive behind-the-scenes look at Hulu series, ‘The Dropout: The Rise and Con of Elizabeth Holmes’
ABC News (NEW YORK) — It’s a dramatic tale of money, power, tragedy and deceit. Elizabeth Holmes, once the world’s youngest female self-made billionaire and lauded by some as the next Steve Jobs for her supposedly [Read More…]
Banana Republic adds new baby and athletic categories
Bill Tompkins/Getty Images (NEW YORK) — Banana Republic is known for its modern luxury-style adult clothing, but now, the brand is expanding to also include great picks for babies. The Gap Inc.-owned company announced BR Baby [Read More…]
Airbnb hosts opening their hearts — and doors — to refugees fleeing Ukraine
Thiago Prudencio/SOPA Images/LightRocket via Getty Images (NEW YORK) — The Russian invasion of Ukraine has displaced thousands of people, many of whom are fleeing to nearby Poland and elsewhere. Now Airbnb.org — the non-profit wing [Read More…]
Old Navy’s new FitsYou jeans adjust to one’s body type
Old Navy (NEW YORK) — It’s no secret that your waist size today might not have the same exact measurements tomorrow, and that’s one reason why one of Old Navy’s latest denim launches is getting [Read More…]