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ABC Business News
Panera drops controversial Charged Lemonade from drink menu
A Charged Lemonade from a Panera Bread Co. is seen on a table, Dec. 12, 2023, in New York. (Bing Guan/Bloomberg via Getty Images) (NEW YORK) — Fast casual restaurant chain Panera Bread is doing [Read More…]
Where is Apple headed after latest product event? Experts weigh in
Fiordaliso/Getty Images (NEW YORK) — Apple unveiled new models of its iPad at an event on Tuesday, promising revamped devices at affordable prices. “This is the biggest day for iPad since its introduction,” CEO Tim [Read More…]
Boy Scouts changing name to Scouting America to be more inclusive
Robb Reece / Getty Images (NEW YORK) — In an effort to be more inclusive, The Boy Scouts of America is changing its name to Scouting America, the organization announced Tuesday. The rebrand reflects “the [Read More…]
Starbucks sales are slumping. Is it a bellwether for the economy?
JohnFScott/Getty Images (NEW YORK) — Starbucks shares have plummeted more than 17% in value since the company revealed a sales slump in an earnings report last week. “The brand is incredibly resilient, but it’s clearly [Read More…]
Interest rates may stay high for longer. Here’s what it means for the 2024 election.
Javier Ghersi/Getty Images (NEW YORK) — At the start of 2024, the economy appeared to deliver just about everything President Joe Biden could want: falling inflation, robust growth and a forecast of interest rate cuts [Read More…]
More people support than oppose a TikTok ban; frequent users, young adults push back: POLL
5./15 WEST/Getty Images (NEW YORK) — Young adults and frequent users push back against the federal government forcing a sale of TikTok or banning the social media app in the United States, but older adults, [Read More…]
Some Planters nuts recalled for potential listeria contamination
FDA (NEW YORK) — Publix and Dollar Tree shoppers should check their pantries for two types of Planters brand nuts that were recently recalled across five states. In a company announcement dated May 3 and [Read More…]
Boeing locks out its firefighters amid union fight for pay
David Madison/Getty Images (WASHINGTON) — Boeing officially locked out its unionized firefighters in Washington after the firefighter’s union failed to come to an agreement with the company after two-and-a-half months of negotiations, primarily over pay. [Read More…]
April jobs report misses expectations, signaling a possible slowdown
Catherine Falls Commercial/Getty Images (NEW YORK) — A worse-than-expected jobs report on Friday offered the latest evidence of an economic slowdown that could help ease inflation and trigger interest rate cuts. The trend, however, threatens [Read More…]
Hawaii counties get more say over short-term rentals amid housing crisis in aftermath of Maui wildfires
A person golfs on the first day of tourism resuming in west Maui, two months after a devastating wildfire, on Oct. 08, 2023 near Lahaina, Hawaii. Mario Tama/Getty Images, FILE (HONOLULU) — Hawaii Gov. Josh [Read More…]
Interest rates could be high for much longer. Here’s what it means for your finances
Tetra Images/Getty Images (NEW YORK) — For months, the Federal Reserve has forecasted interest rate cuts that would deliver much-needed relief for Americans burdened by high mortgage and credit card loans. At a press conference [Read More…]
Ahead of election, Lyft CEO details company’s newest efforts to boost voter turnout
Hill Street Studios/Getty Images (NEW YORK) — Ahead of the upcoming election in November, the popular ride-sharing service Lyft announced a partnership that its CEO said he hopes continues the company’s mission to bring more [Read More…]
Tipping point: Viral video sparks questions about gratuities
Tetra Images/Getty Images (NEW YORK) — Tipping has seen a shift, especially compared to pre-pandemic, when the cost of food and everything else was lower, but one man’s recent experience that went viral on social [Read More…]
Airbnb launches stays at “Up” house, “Inside Out” headquarters and more ‘Icons’
Nikolas Kokovlis/NurPhoto via Getty Images (NEW YORK) — Looking for a unique vacation destination? Airbnb is offering customers an opportunity to stay in famous homes and places such as a re-creation of the Up house [Read More…]
Martinelli’s apple juice recalled over high arsenic levels, sold at Whole Foods, Kroger and more
S. Martinelli & Co. (NEW YORK) — Martinelli’s has voluntarily recalled a single lot of its apple juice that was distributed to five major retailers after it tested for arsenic levels higher than U.S. Food [Read More…]
Fed expected to hold interest rates steady at highest level since 2001
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve is set to announce a decision on Wednesday about whether to adjust its benchmark interest rate, just days after new government data showed that the economy is [Read More…]
It’s not too late to book summer travel deals, these expert tips make it easier
onurdongel/Getty Images (NEW YORK) — For anyone still in planning mode for summer vacation, some experts say right now may be the best time to book the trip. Founder of The Points Guy Brian Kelly [Read More…]
Some California restaurants face stark realities, burdens after minimum wage increase
tattywelshie/Getty Images (NEW YORK) — It’s been nearly one month since California raised the minimum wage at certain restaurants, which has put a spotlight on a course correction that many see as long overdue. But [Read More…]
Amazon Prime Day 2024: Here’s what to know and expect
Nipitpon Singad / EyeEm/Getty Images (NEW YORK) — Amazon Prime Day is making its annual return in July. The retailer previously announced the return of its biggest shopping event of the year along with plans [Read More…]
Southwest Airlines CEO says airline may reevaluate open seating after financial loss
Angus Mordant/Bloomberg via Getty Images (NEW YORK) — Southwest Airlines famously allows passengers to select their own seats upon boarding, but the low fare carrier could be changing course. Earlier this week, after the Dallas-based [Read More…]