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ABC Business News
Meet your new virtual assistant: The AI in your car
The MBUX virtual assistant “is the most human-like interface with a Mercedes-Benz yet,” according to the company, an d advanced 3D graphics make interactions with the driver more natural, intuitive and personalized. (Mercedes-Benz) (NEW YORK) [Read More…]
Senate mulls TikTok ban amid US national security concerns
The TikTok logo on a smartphone arranged in New York, March 9, 2023. (Gabby Jones/Bloomberg via Getty Images) (WASHINGTON) — Senators from both sides of the aisle warned Wednesday that TikTok endangers millions of users [Read More…]
Why you will likely see higher egg prices ahead of Easter
d3sign/Getty Images (NEW YORK) — After months of egg prices slowly falling, the staple Easter item is on the rise again in part due to a resurgence of Highly Pathogenic Avian Influenza (HPAI) in egg-laying [Read More…]
Fed holds interest rates steady, postponing rate cuts amid stubborn inflation
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve held interest rates steady on Wednesday, opting to keep rates highly elevated as progress toward lower inflation has stalled. The move pushes back rate cuts that the [Read More…]
What to know about new minimum wage in California, why some industries are now exempt
In-N-Out Burger opened a new store, Dec. 7, 2023, in San Juan Capistrano, Calif. (Paul Bersebach/MediaNews Group/Orange County Register via Getty Images) (NEW YORK) — Earlier this week, the California General Assembly passed a bill [Read More…]
UnitedHealth Group recovering from significant cyberattack: CEO
Westend61/Getty Images (NEW YORK) — The UnitedHealth Group — one of the nation’s largest health care providers — said it is making progress in its recovery from one of the worst cyberattacks on a health [Read More…]
Elon Musk releases code for his AI chatbot Grok. Here’s why it matters
SpaceX, Twitter and Tesla CEO Elon Musk, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the U.S. Capitol, Sept. 13, 2023, in Washington. (Stefani Reynolds/AFP via Getty Images) (NEW YORK) — [Read More…]
Is TikTok different in China? Here’s what to know
Karl Tapales/Getty Images (NEW YORK) — The push in Washington, D.C., for a potential TikTok ban has drawn mounting scrutiny toward the app over data privacy risks tied to Chinese-owned parent company ByteDance. In making [Read More…]
Fed to announce interest rate decision as inflation hits rough patch
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve is set to announce an interest rate decision on Wednesday, revealing its latest move in a yearslong battle to dial back price increases. The decision arrives roughly [Read More…]
UnitedHealth Group recovering from significant cyberattack: CEO
Westend61/Getty Images (NEW YORK) — The UnitedHealth Group — one of the nation’s largest health care providers — said it is making progress in its recovery from one of the worst cyberattacks on a health [Read More…]
Is TikTok different in China? Here’s what to know
Karl Tapales/Getty Images (NEW YORK) — The push in Washington, D.C., for a potential TikTok ban has drawn mounting scrutiny toward the app over data privacy risks tied to Chinese-owned parent company ByteDance. In making [Read More…]
Companies behind Hershey and Cadbury chocolate signal possible price hikes amid cocoa cost surge
Hershey Co. candy bars are displayed for sale inside of the company’s Chocolate World visitor center in Hershey, Pa., Nov. 28, 2017. (Luke Sharrett/Bloomberg via Getty Images) (NEW YORK) — Easter is on the horizon, [Read More…]
‘Closed for paid leave’: More than 70 businesses nationwide shut doors on day of action
Thana Prasongsin/Getty Images (NEW YORK) — More than 70 businesses across the country shut their doors Monday in a show of solidarity to call for federal paid family and medical leave. The day of action [Read More…]
Target limits self-checkout for customers with 10 items or fewer
ABC News Target has brought a change into what was considered a quicker alternative for its customers to make purchases at its stores. The retail corporation announced Thursday via press release that it would switch [Read More…]
Will Bernie Sanders’ proposed 32-hour workweek pass Congress?
Chip Somodevilla/Getty Images (NEW YORK) — A push to slash the standard workweek from 40 hours to 32 achieved a breakthrough this week, gaining a foothold in the Senate with a proposal that would require [Read More…]
Selling a home is about to get cheaper after historic settlement
Joe Raedle/Getty Images (NEW YORK) — The cost of selling a home could soon go down after the National Association of Realtors agreed to a historic settlement. The powerful trade group, which represents more than [Read More…]
Debunking four myths about TikTok
TikTok supporters are seen outside the U.S. Capitol before the House passed the Protecting Americans from Foreign Adversary Controlled Applications Act, that could ban TikTok in the U.S., March 13, 2024. — Tom Williams/Getty Images [Read More…]
Small business owners weigh in on how they are coping with current economy
ABC News (NEW YORK) — Market reports show the U.S. economy is seeing strong job numbers and a waning inflation rate, but some small business owners tell ABC News they are still feeling the pinch. [Read More…]
TikTok could avoid potential ban with sale. Who would buy it?
General view of the TikTok headquarters on Oct. 13, 2020 in Culver City, California. (AaronP/Bauer-Griffin/GC Images) (NEW YORK) — Social media platform TikTok stands on the brink of a forced sale after the House passed [Read More…]
TikTok influencers say ban would be ‘devastating’
Tik Tok supporters are seen outside the U.S. Capitol, March 13, 2024, in Washington. (Tom Williams/CQ-Roll Call, Inc via Getty Images) (WASHINGTON) — TikTok influencers — accustomed to their voices being heard by thousands on [Read More…]