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ABC Business News
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…]
McDonald’s to add three Krispy Kreme doughnuts to menus nationwide
Joff Lee/Getty Images (NEW YORK) — Krispy Kreme and McDonald’s are expanding their partnership to put three doughnut flavors on menus at the Golden Arches across the U.S. Following a successful local test at 160 [Read More…]
Trump media company, parent of Truth Social, begins trading on Nasdaq
ABC News For approximately $70, you can now own a share of the company behind former President Donald Trump’s Truth Social platform. Trading in Trump Media & Technology Group — which uses the ticker symbol [Read More…]
Chick-fil-A backtracks on no-antibiotics in chicken amid projected supply shortages
Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Chick-fil-A is updating its commitment to customers about the quality and standards of its staple ingredient — chicken. The fast food chain announced on its website that [Read More…]
Boeing CEO Dave Calhoun to step down
ABC News Boeing CEO Dave Calhoun will step down at the end of the year, the company said in an announcement Monday. The move comes amid fallout from a high-profile safety failure onboard an Alaska [Read More…]
AI influencers explode on social media. Some are controlled by teens
Karl Tapales/Getty Images (NEW YORK) — Agnes, a bespectacled 20-year-old poet, likes tarot cards and late-night philosophy debates. She has a crush on Finn, a 22-year-old farmer who knits in his free time. Finn’s friend [Read More…]
Nearly half a million Starbucks-branded mugs recalled due to potential burn, laceration hazards
The U.S. Consumer Product Safety Commission (NEW YORK) — For anyone who purchased a shimmery metallic mug with Starbucks branding over the holiday season, it’s time to take stock of what’s in your cupboard and [Read More…]
It’s 38% more expensive to buy a house than rent in US, analysis finds
Thomas Northcut/Getty Images (NEW YORK) — Buying a house in the United States is considerably more expensive than renting right now, and the real estate market is expected to stay that way for at least [Read More…]
Apple sued by Biden administration in landmark case over iPhone monopoly
ABC News (NEW YORK) — The Biden administration sued Apple on Thursday, alleging the tech giant created a monopoly in the smartphone market by blocking competitors from accessing hardware and software features of the iPhone. [Read More…]