ABC Business News

ArtistGNDphotography/Getty Images (NEW YORK) — Greg Iwinski, a late-night TV writer, walked off the job this year amid a dramatic surge of workers going out on strike — and he says the trend made its [Read More…]

Chris Sattlberger/Getty Images (NEW YORK) — Inflation is falling toward normal levels, according to fresh data released Friday from the Federal Reserve’s preferred measure, the Personal Consumption Expenditures price index. The information is the latest [Read More…]

Forever Stamp display at Costco, Queens, New York on March 1, 2023. UCG/Universal Images Group via Getty Images, FILE (NEW YORK) — While we welcome the new year, we’ll also be welcoming an increase in [Read More…]

Wells Fargo logo is seen on the building in Los Angeles, United States. Credit: NurPhoto/Getty Images (NEW YORK) — Workers at a Wells Fargo branch in New Mexico voted to form a union late Wednesday, [Read More…]

Boxes of General Mills cereal are displayed on a grocery store shelf on Dec. 20, 2023 in San Anselmo, Calif. (Justin Sullivan/Getty Images) (NEW YORK) — Breakfast foods maker General Mills, the brand behind familiar [Read More…]

Westend61/Getty Images (NEW YORK) — Drugstore chain Rite Aid has accepted a ban of its use of facial recognition software for five years due to false accusations stemming from the technology that disproportionately affected people [Read More…]

ivanastar/Getty Images (NEW YORK) — The famously “closed on Sundays” chicken sandwich fast-food chain could soon be required to fire up the fryers and serve hungry travelers in some locations. The New York State Assembly [Read More…]

USDA.gov (NEW YORK) — Approximately 26,550 pounds of frozen TGI Fridays boneless chicken bites products have been recalled due to possible contamination with “clear, hard plastic,” the U.S. Department of Agriculture’s Food Safety and Inspection [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — When the Federal Reserve recently signaled interest rate cuts next year, the stock market soared to record highs and analysts voiced sunny hopes of a “soft landing.” Arriving less [Read More…]

Westend61/Getty Images (NEW YORK) — Mortgage and loan giant Mr. Cooper was hit with a cyberbreach that involved “substantially all of our current and former customers” sensitive personal information, according to filings with state and [Read More…]

WIN-Initiative/Neleman/Getty Images (NEW YORK) — Nikola founder Trevor Milton was sentenced to four years in prison Monday due to fraudulent claims about his electric vehicle company. In court Monday, Milton portrayed himself as a generous [Read More…]

ftwitty/Getty Images (NEW YORK) — Apple will halt sales of new models of its smartwatch due to a patent dispute, the company announced on Monday. The move, which affects Apple Watch Series 9 and Apple [Read More…]

BanksPhotos/Getty Images (WASHINGTON) — Southwest Airlines has been handed a record $140 million fine for its operational meltdown during the 2022 holiday travel season, the U.S. Department of Transportation said Monday. The civil penalty leveled [Read More…]

Cavan Images/Getty Images (NEW YORK) — The Quaker Oats Company has recalled dozens of granola products due to the risk of potential salmonella contamination. The recall impacts more than 40 granola bar and granola cereal [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — A Federal Reserve announcement rallied all three major stock indexes to one-year highs on Wednesday — and the enthusiasm owed little to what the central bank actually did. In addition [Read More…]

Jakub Porzycki/NurPhoto via Getty Images) (NEW YORK) — Coca-Cola has voluntarily recalled three soda products across multiple states, with the U.S. Food and Drug Administration announcing in a report that the 12-ounce cans may have [Read More…]

The Meta (formerly Facebook) logo marks the entrance of their corporate headquarters in Menlo Park, Calif., Nov. 9, 2022. (Josh Edelson/AFP via Getty Images) (NEW YORK) — When Meta overhauled its policy toward election-denial claims [Read More…]

Yulia Naumenko/Getty Images (NEW YORK) — Amazon, Target and Walmart, three of the largest retailers in the U.S., have announced they will stop selling water beads amid growing pressure in recent years to remove the [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve expects to begin cutting interest rates next year, Fed Chair Jerome Powell said at a press conference in Washington D.C. on Wednesday. Policymakers at the central bank believe [Read More…]

Brand new Tesla cars sit parked at a Tesla dealership on Oct. 18, 2023 in Corte Madera, California. (Justin Sullivan/Getty Images) (NEW YORK) — Tesla will recall about twp million cars over a safety issue [Read More…]