ABC Business News

Elysian (NEW YORK) — The race to decarbonize the aviation industry is heating up, with researchers finding a way to make passenger airplanes operate on 100% electric power. A newly designed electric aircraft, called the [Read More…]

FDA (NEW YORK) — Spicy condiments from spreads to sauce have been dubbed a top food trend of 2024, but one brand is alerting consumers to toss out some of its products, as they could [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — Policymakers will pay close attention to the release of price data on Thursday as the Federal Reserve weighs dialing back its inflation fight with a series of interest rate [Read More…]

Namthip Muanthongthae/Getty Images (NEW YORK) — The Securities and Exchange Commission on Wednesday gave its approval for some Bitcoin ETFs, just a day after a fake post on the agency’s account on X made a similar [Read More…]

Namthip Muanthongthae/Getty Images (NEW YORK) — The price of Bitcoin vaulted skyward on Tuesday afternoon after the Securities and Exchange Commission appeared to deliver a major breakthrough for the cryptocurrency in a post on X. [Read More…]

Catherine McQueen/Getty Images (NEW YORK) — After a high-flying performance last year, the stock market has dropped at the outset of 2024. The turnabout has sent some investors looking for alternatives, including certificates of deposit, [Read More…]

Greg Bajor/Getty Images (NEW YORK) — Shares of Boeing have plunged nearly 10% this week after a door plug blew out of the company’s 737 Max 9 aircraft during an Alaska Airlines flight. The incident, [Read More…]

MJHollinshead/Getty Images (LOS ANGELES) — Fast food workers defied skeptics roughly a decade ago with the “Fight for $15,” a campaign demanding an industry-wide pay floor at more than double the federal minimum wage. That [Read More…]

Anna Moneymaker/Getty Images (NEW YORK) — Days away from the first ballots cast in the 2024 primary election, former President Donald Trump holds a commanding lead over his Republican rivals and tops President Joe Biden in [Read More…]

Bruce Bennett/Getty Images (NEW YORK) — TGI Fridays is starting off the new year by shuttering dozens of locations to support the restaurant chain’s long-term growth strategy, which it said includes appointing a former stakeholder [Read More…]

JohnFScott/Getty Images (NEW YORK) — Starbucks will become the first nationwide coffee retailer to accept reusable cups for mobile orders, effective immediately, the coffeehouse chain said in a release Wednesday. Customers will now also have [Read More…]

Witthaya Prasongsin/Getty Images (NEW YORK) — Dozens of families who are suing Snap Inc., the parent company of Snapchat, won a legal victory Tuesday when a judge in California ruled their lawsuit against the social [Read More…]

moodboard/Getty Images (NEW YORK) — Mortgage rates have plummeted in recent weeks, boosting the prospects of homebuyers previously stifled by high borrowing costs. Many forecasters predict mortgage rates will drop further, however, since the Federal [Read More…]

CEO Elon Musk attends the Atreju political meeting organised by the young militants of Italian right wing party Brothers of Italy – CREDIT: Future Publishing/Getty Images (NEW YORK) — Days after Elon Musk bought X [Read More…]

FDA (NEW YORK) — Over 675,000 cans of baby formula are being recalled for possible bacterial contamination, the company announced. Reckitt and Mead Johnson Nutrition, the makers of Enfamil and Nutramigen, announced Saturday it was [Read More…]

Jon Challicom/Getty Images (NEW YORK) — The recent headlines for electric vehicles have been brutal: Sales are dropping. Momentum is slipping. Consumers are souring on the technology. Experts say, however, that 2024 may be the [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — Wildfire smoke bathed New York City’s front-line workers in fumes, atmospheric rivers forced hundreds of thousands of California homes into darkness, and hurricane Idalia battered tourism in Florida. Natural [Read More…]

Brandon Bell/Getty Images (LOS ANGELES) — With the minimum wage in California increasing to $20 an hour for fast food workers in 2024, some Pizza Hut franchisees say they’re preparing to eliminate jobs as well [Read More…]

Carol Yepes/Getty Images (NEW YORK) — Amazon will begin displaying advertisements in movies and TV shows on its Prime Video streaming service next month, the company said in an email to subscribers this week viewed [Read More…]

lechatnoir/Getty Images (NEW YORK) — Consumer spending grew solidly this holiday season, rebuking concerns of a slowdown and reinforcing positive signals about the U.S. economy as it approaches the end of a tumultuous year. Buying [Read More…]