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ABC Business News
More student loan borrowers to receive debt relief beginning Wednesday
jayk7/Getty Images (WASHINGTON) — The Biden administration will begin automatically relieving student debt for another 153,000 people on Wednesday, bringing the total number of Americans approved for debt relief to nearly 3.9 million. President Joe [Read More…]
What a possible Capital One and Discover merger means for consumers
Angus Mordant/Bloomberg via Getty Images (NEW YORK) — Capital One’s decision to acquire Discover could establish a new megafirm that shakes up the credit card industry. The move may hold long-term implications for credit card [Read More…]
OpenAI video-generator Sora risks fueling propaganda and bias, experts say
Justin Sullivan/Getty Images (NEW YORK) — A sunbathed Dalmatian tiptoes across a windowsill, a Chinese New Year parade engulfs a city street, an archeologist digs up a chair from desert sand. Videos posted online display these [Read More…]
OpenAI video-generator Sora risks fueling propaganda and bias, experts say
Justin Sullivan/Getty Images (NEW YORK) — A sunbathed Dalmatian tiptoes across a windowsill, a Chinese New Year parade engulfs a city street, an archeologist digs up a chair from desert sand. Videos posted online display these [Read More…]
Number of striking US workers more than doubled last year, study shows
ArtistGNDphotography/Getty Images (NEW YORK) — The number of striking workers in the U.S. more than doubled last year due to massive work stoppages carried out by autoworkers, nurses and Hollywood writers and actors, according to [Read More…]
New York City sues social media companies, accuses them of contributing to ‘youth mental health crisis’
Westend61/Getty Images (NEW YORK) — The City of New York on Wednesday sued the companies behind SnapChat, Instagram, YouTube and TikTok, accusing them of fomenting a “nationwide youth mental health crisis” by exposing children “to [Read More…]
Expert tips to book cheap spring break travel now
Greg Bajor/Getty Images (NEW YORK) — While snow and frigid temps are sweeping parts of the country, travel deals for spring break are heating up. Experts like Going.com founder Scott Keyes explained to ABC News’ [Read More…]
Dole announces voluntary recall of salad kits for potential listeria contamination
FG Trade/Getty Images (NEW YORK) — Dole Fresh Vegetables, Inc. has announced a voluntary recall of a “limited number” of Dole-branded and private label salad kits due to potential cross contamination with cheeses recalled for [Read More…]
Man credited with inventing the Pop Tart dies at 96
Pop Tarts (NEW YORK) — William “Bill” Post, the man often credited with inventing the beloved Pop Tart, has died at 96. Born on June 27, 1927 in Grand Rapids, Michigan, Post was one of [Read More…]
Inflation fell markedly in January, according to latest data
Noel Hendrickson/Getty Images (NEW YORK) — Consumer prices rose 3.1% in January compared to a year ago, slowing markedly from the previous month but missing expectations of an even larger cooldown, a report from the [Read More…]
What is Temu, the company made famous in Super Bowl ads?
Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Super Bowl viewers could hardly miss an ad blitz from e-commerce company Temu promising low prices that allow customers to “shop like a billionaire.” The company’s app [Read More…]
Why are there so many car recalls? Experts weigh in
Ditto/Getty Images (NEW YORK) — Honda and Acura recalled a combined 750,000 cars this week over an airbag defect, becoming the latest in a series of recalls this year that has touched carmakers from Tesla [Read More…]
Big Pharma CEOs grilled on Capitol Hill over drug prices: 4 key takeaways
Tierney L. Cross/Bloomberg via Getty Images (WASHINGTON) — Senators grilled chief executives from three top pharmaceutical companies over prescription drug prices during an hourslong committee hearing Thursday on Capitol Hill. Members of both major political parties [Read More…]
Google joins effort to increase transparency online with new digital standard
Google Headquarters is seen in Mountain View, California, United States on May 15, 2023. (Tayfun Coskun/Anadolu Agency via Getty Images) (NEW YORK) — Google announced Thursday that it is joining a coalition of companies dedicated [Read More…]
Why 2024 may be the best year to buy a new car or truck
Witthaya Prasongsin/Getty Images (NEW YORK) — Many Americans have put off buying a new sport utility vehicle or truck because of steep prices and high interest rates. Now, however, may be the right time to [Read More…]
The economic surge feels like a drag? Your state may be underperforming
Anton Petrus/Getty Images (NEW YORK) — The U.S. economy shattered expectations in recent weeks, extending a run of overachievement that has quieted some of the most skeptical economists. Americans, however, remain sour. Less than 3 [Read More…]
Homeland Security Investigations cracks down on counterfeit goods ahead of Super Bowl
ABC News (NEW YORK) — Homeland Security Investigations is cracking down on counterfeit goods before Super Bowl LVIII, a top HSI official told ABC News. “We’re looking at folks, criminal organizations who are taking advantage [Read More…]
ESPN, Warner Discovery, Fox Sports to launch joint sports streaming network
Igor Golovniov/SOPA Images/LightRocket via Getty Images) (NEW YORK) — ESPN, Warner Discovery and Fox Sports announced Tuesday that they will partner to create a massive new streaming network dedicated to sports. ESPN is owned by [Read More…]
Meta will label AI-generated images on Instagram and Facebook
Carol Yepes/Getty Images (NEW YORK) — Meta will begin labeling images created by OpenAI, Midjourney and other artificial intelligence products, Nick Clegg, the company’s president of global affairs, announced in an interview with ABC’s “Good [Read More…]
Bissell recalls over 140,000 vacuum cleaners due to potential fire hazard
Bissell recalls multi reach hand and floor vacuum cleaners due to fire hazard. (Consumer Product Safety Commission) (NEW YORK) — Bissell, a floor cleaning product company, recalled over 150,000 of its Multi Reach Hand and [Read More…]