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ABC Business News
How to get a last-minute tax filing extension
filo/Getty Images (NEW YORK) — Tax season, beloved by few and dreaded by many, comes to a close on Monday. For some tardy filers, though, the task will just be getting started. Up to one [Read More…]
Popular ‘Buy Now, Pay Later’ programs come with help and headaches
The Afterpay application login page arranged on a smartphone, Aug. 3, 2021. — Brent Lewin/Bloomberg via Getty Images (NEW YORK) — The Buy Now, Pay Later (BNPL) trend, a significant shift in shopping habits, emerged [Read More…]
New whistleblower claims put Boeing’s quality control under more scrutiny
Stephen Brashear/Getty Images (NEW YORK) — Boeing has come under fire and intense scrutiny ever since a door plug flew out of an Alaska Airlines flight on Jan. 5. Investigators revealed the plane, a 737 [Read More…]
Hot inflation likely to delay interest rate cuts. Here’s what to expect
Getty Images – STOCK (NEW YORK) — Consumers saddled with high credit card and mortgage rates held onto a source of solace in recent months: A forecast from the Federal Reserve promising long-awaited interest rate [Read More…]
Internet service now comes with ‘nutrition label’-style information about prices
Carol Yepes/Getty Images (NEW YORK) — Starting Wednesday, internet users will now have more transparency about their broadband services. The Federal Communications Commission now requires broadband providers to display all the information about the price [Read More…]
‘Ridiculous’: USPS proposes raising the prices of 1st class stamps to 73 cents
Mario Tama/Getty Images (WASHINGTON) — If the U.S. Postal Service gets its way, the price of a first-class stamp will go up for the fourth time in less than two years. The USPS is proposing [Read More…]
Inflation surged higher in March
Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 3.5% in March compared to a year ago, accelerating markedly from the previous month and reversing some of the progress achieved in a two-year fight to [Read More…]
Tesla stock has plummeted this year. Will the company recover?
Xiaolu Chu/Getty Images (NEW YORK) — Tesla, the Elon Musk-led electric vehicle company, appears desperate for a tune-up. The company’s share price has plummeted more than 25% so far this year, making it one of [Read More…]
Inflation expected to have surged higher in March
Javier Ghersi/Getty Images (NEW YORK) — Elected officials, investors, and everyday households await fresh inflation data on Wednesday that is set to reveal whether the fight to cool price increases remains mired in a rough [Read More…]
Tesla stock has plummeted this year. Will the company recover?
Xiaolu Chu/Getty Images (NEW YORK) — Tesla, the Elon Musk-led electric vehicle company, appears desperate for a tune-up. The company’s share price has plummeted more than 25% so far this year, making it one of [Read More…]
Cybersecurity expert shares what guests, hotels should know in wake of Omni breach
The Omni Houston Hotel at Four Riverway, Dec. 31, 2020, at in Houston. (Karen Warren/Houston Chronicle via Getty Images) (NEW YORK) — In the wake of a recent cyberattack on Omni Hotels & Resorts that [Read More…]
How Walmart shoppers can qualify for cash from $45 million settlement
Self-service checkout customer scanning and paying in a Walmart Supercenter in Miami, Florida. (Jeffrey Greenberg/Getty Images) (NEW YORK) — Walmart shoppers may be entitled to up to $500 in cash after the retail giant agreed [Read More…]
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…]