ABC Business News

NoDerog/Getty Images (NEW YORK) — Raising membership fees can generally be chalked up as “the price of doing business.” But as inflation, demand and supply chain issues continue to dictate an increase in prices, consumers [Read More…]

Jevone Moore/Icon Sportswire via Getty Images (INGLEWOOD, Calif.) — Seeing a need to promote Black-owned businesses, longtime Inglewood, California, resident Keokia Childress helped start a community-organized food festival to showcase what their neighborhood had to [Read More…]

Ian Gavan/Getty Images (PIGEON FORGE, Tenn.) — Dolly Parton’s signature Tennessee theme park and resort, Dollywood, has announced a new program to help employees further their education. Dollywood’s operating partner, Herschend Enterprises, is piloting a [Read More…]

Chesnot/Getty Images (NEW YORK) — Caroline Altagracia, a college student at the University of Albany, said she became interested in cryptocurrency while still in high school. “It’s definitely been an empowering journey,” Altagracia. “I feel [Read More…]

Tetra Images/Getty Images (WASHINGTON) — The prices Americans pay for a basket of goods and services continued to climb rapidly last month, according to new government data. The consumer price index — a key measure [Read More…]

iStock (NEW YORK) — Looking to buy a used car? Consumers can expect high costs and low inventories at the dealership lot. Listing prices for used cars in January were up 40% from the same [Read More…]

Grace Cary/Getty Images (WASHINGTON) — Two Senate Democrats up for reelection introduced a bill on Wednesday to temporarily suspend the federal gas tax through the end of 2022, as millions of Americans grapple with the [Read More…]

Ezra Shaw/Getty Images (NEW YORK) — Peloton announced Tuesday a major leadership shakeup and a plan to cut costs that includes laying off some 2,800 employees. The announcement comes as the pandemic wanes in the [Read More…]

Pavlo Gonchar/SOPA Images/LightRocket via Getty Images (WASHINGTON) — The Justice Department on Tuesday announced the arrests of a New York couple charged with conspiring to launder cryptocurrency presently valued at $4.5 billion — stolen during [Read More…]

Michael Godek/Getty Images (NEW YORK) — The recent tensions between Russia and Ukraine are affecting Americans at the pump. Prices for oil are now at their highest level in eight years. “Russia still supplies some [Read More…]

Getty Images/Carmen Mandato (NEW YORK) — Even in the face of mounting backlash, streaming giant Spotify is standing by embattled podcast host Joe Rogan. While the controversy initially centered around the spread of COVID-19 misinformation [Read More…]

CT757fan/Getty Images (DENVER) — Low-cost carriers Frontier Airlines and Spirit Airlines announced plans on Monday to merge, which would create ​the fifth-largest U.S. airline by revenue passenger miles. The deal, which is valued at more [Read More…]

ArtistGNDphotography/Getty Images (DALLAS) — With Valentine’s Day just one week away, the rush is on to get that special someone something special. But if flowers are a part of your gift, you’d better act fast [Read More…]

BojanMirkovic/Getty Images (NEW YORK) — Black History Month is here, and many retailers are not only celebrating, but also amplifying and giving back to Black communities in beautiful ways. From big-box retailers such as Walmart [Read More…]

Spencer Platt/Getty Images (NEW YORK) — Rupert Murdoch-owned media conglomerate NewsCorp was hit with a cyberattack, and a leading cybersecurity firm, Mandient, brought in to investigate concluded the activity was likely from China, NewsCorp said [Read More…]

ABC News (NEW YORK) — In the United States, Black families have an estimated one-eighth of the wealth that white families have, according to research from the McKinsey Institute of Black Economic Mobility. Federal policies, [Read More…]

Eric Lee/Bloomberg via Getty Images (WASHINGTON) — After the worst year in history for unruly airline passengers, Delta’s CEO is asking the Department of Justice to help create a national “no-fly” list for anyone convicted [Read More…]

David Paul Morris/Bloomberg via Getty Images (NEW YORK) — Southwest flight attendants are “outraged” after the airline announced on Thursday that it is planning to resume on-board alcohol sales in two weeks. The airline had [Read More…]

PATRICK T. FALLON/AFP via Getty Images (NEW YORK) — It was dubbed a watershed moment for the withering organized labor movement when the first-ever union election at an Amazon warehouse took place last spring in [Read More…]

Starbucks (NEW YORK) — Starbucks will continue to raise prices in 2022 due to a combination of labor costs and supply chain disruptions. The Seattle-based coffee giant announced Tuesday that between a rising cost of [Read More…]