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ABC Business News
What’s after AI? The next watershed technology could be quantum computing
MR.Cole_Photographer/Getty Images (NEW YORK) — Artificial intelligence commands the attention of corporate giants and political leaders but a global race is underway to develop what some experts consider the next transformative technology: quantum computing. The [Read More…]
How Rochester, New York, hopes the eclipse brings a lasting economic boom to city
Rochester, New York, is expecting between 300,000 and 500,000 people to visit the region to watch the total solar eclipse on April 8, 2024. — ABC News (ROCHESTER, N.Y.) — Seven years ago, Debra Ross [Read More…]
Boeing paid Alaska Airlines $160M in compensation after door plug incident, airline says
Stephen Brashear/Getty Images (NEW YORK) — Boeing has paid Alaska Air Group approximately $160 million in compensation following the door plug incident on Alaska flight 1282, according to an SEC filing from the carrier. Alaska [Read More…]
Cosmic yoga, portable toilets: Solar eclipse will deliver ‘tourism boom’ for economy
People watch the Annular Solar Eclipse with using safety glasses in Brownsville, Texas on Oct. 14, 2023. (Mike Gonzalez/Anadolu via Getty Images) (NEW YORK) — A fully booked hotel in Maine said it received its [Read More…]
Largest US egg producer temporarily halts production due to avian flu at Texas facility
d3sign/Getty Images (NEW YORK) — As avian flu continues to spread in birds across the United States, a major chicken egg manufacturer has temporarily halted production after the highly contagious disease was detected at its [Read More…]
Fed Chair Jerome Powell pumps brakes on rate cuts
Justin Sullivan/Getty Images (WASHINGTON) — The Federal Reserve will see if inflation moves beyond its current rough patch before imposing highly anticipated interest rate cuts, Fed Chair Jerome Powell said on Wednesday. Addressing a business [Read More…]
Disney shareholders reject activist investor Nelson Peltz’s board nominees
VALERIE MACON/AFP/Getty Images (NEW YORK) — Disney shareholders on Wednesday rejected board nominees allied with activist investor Nelson Peltz, ending a combative, months-long proxy battle centered on the company’s navigation of the topsy-turvy onset of [Read More…]
What to know about JetBlue checked bag pricing, increased fees for Trusted Traveler Programs
onurdongel/Getty Images (NEW YORK) — As airlines continue to update baggage policies and everywhere from fast food chains to theme parks introduce dynamic pricing, JetBlue is combining the two business trends by introducing a new [Read More…]
Trump’s social media company sues co-founders, seeks to forfeit their shares
RapidEye/Getty Images (NEW YORK) — Trump Media & Technology Group is attempting to force two of the company’s co-founders to forfeit their shares and give up any claim to the company’s leadership. Trump’s social media [Read More…]
Shares of Trump’s Truth Social drop more than 20% after company discloses $58M loss
Anna Barclay/Getty Images (NEW YORK) — Shares of former President Donald Trump’s social media platform dropped more than 20% on Monday after the company disclosed a net loss at the end of last year of [Read More…]
Data from 73M current, former customers leaked on dark web, AT&T confirms
Attendants passing by AT&T’s stand are seen during day 1 of Mobile World Congress 2023 at Fira Barcelona on February 27, 2023 in Barcelona, Spain. (Photo by Joan Cros Garcia – Corbis/Getty Images) (DALLAS) — [Read More…]
How Kia’s design chief is making Americans want to drive sedans again
The 2024 Kia Telluride. — Kia (NEW YORK) — Kia’s K4 sedan, a sleek, compact four-door that debuted this week at the New York International Auto Show, has stiff competition — mainly from the Korean [Read More…]
Powerball climbs to $975 million after no jackpot winner in Saturday’s drawing
Royalty-free/Getty Images (NEW YORK) — The Powerball is expected to climb to $975 million for Monday night’s drawing after no ticket won the jackpot in Saturday night’s drawing, the lottery said. The numbers drawn for [Read More…]
$935 million Powerball jackpot drawing on SaturdayPowerball climbs to $975 million after no jackpot winner in Saturday’s drawing
Royalty-free/Getty Images (NEW YORK) — The Powerball is expected to climb to $975 million for Monday night’s drawing after no ticket won the jackpot in Saturday night’s drawing, the lottery said. The numbers drawn for [Read More…]
Gas prices have climbed nearly 14% this year. Here’s why.
Getty Images – STOCK (NEW YORK) — Gas prices have surged higher at the outset of 2024, stressing household budgets and complicating efforts to cool inflation. Since the beginning of the year, the average national [Read More…]
$935 million Powerball jackpot drawing on Saturday
Royalty-free/Getty Images (NEW YORK) — The jackpot for Saturday’s Powerball drawing is expected to be $935 million, the lottery said. If a jackpot winner chooses a one-time lump sum payment, the value is expected to [Read More…]
Could avian flu on cattle farms impact dairy prices?
Cavan Images/Getty Images (NEW YORK) — The law of supply and demand has shown for centuries that when the amount of a good in high demand dwindles, prices change relative to the availability. When it [Read More…]
MyPillow facing eviction from warehouse, but election denier Mike Lindell says company is in ‘great shape’
Education Images/Getty Images (NEW YORK) — Election denier Mike Lindell’s company MyPillow is facing a court-ordered eviction from a warehouse in Minnesota amid his ongoing legal battles related to his claims about the 2020 election [Read More…]
Warby Parker offering free eclipse glasses for total solar eclipse
Via NASA (NEW YORK) — As North America gears up for the total solar eclipse on April 8, Warby Parker, a New York City-based eyeglass retailer with over 200 stores across the United States and [Read More…]
Why is Trump’s Truth Social stock soaring if the company is losing money?
Jonathan Raa/NurPhoto via Getty Images (NEW YORK) — Shares of former President Donald Trump’s social media platform Truth Social have soared in its first couple days of public trading. Trump Media & Technology Group, the [Read More…]