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ABC Business News
Federal Reserve set to make interest rate decision amid cooling inflation
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve will announce an interest rate decision on Wednesday, unveiling its latest policy move amid a near-historic series of rate hikes deployed to fight inflation. That string of [Read More…]
Inflation cooled slightly in November, easing pressure on Fed
Javier Ghersi/Getty Images (WASHINGTON) — Consumer prices rose 3.1% in November compared to a year ago, cooling slightly from the previous month and indicating progress in the fight to reduce inflation, a report from the [Read More…]
Inflation expected to have cooled in November, easing pressure on Fed
Javier Ghersi/Getty Images (WASHINGTON) — Washington, D.C. and Wall Street will closely watch the release of inflation data on Tuesday that’s set to show whether price hikes continued their cooldown in November or defied further [Read More…]
GE completes testing sustainable aviation fuel on 10th aircraft engine model
Jaap Arriens/NurPhoto via Getty Images (NEW YORK) — GE Aerospace is taking another step towards its commitment to sustainable flights, completing testing with sustainable aviation fuel (SAF) on its 10th aircraft engine model. The company [Read More…]
Inside an alleged Amazon union-busting campaign in Kentucky: ‘They want to scare us’
Jeffrey Dean/Bloomberg via Getty Images, FILE (HEBRON, Ky.) — Two months after Rubi Gomez began working at an Amazon facility in Kentucky, she woke up to a barrage of frantic text messages from her coworkers, [Read More…]
DoorDash, delivery apps remove tipping prompt at checkout in NYC
Tiffany Hagler-Geard/Bloomberg via Getty Images (NEW YORK) — DoorDash and Uber Eats issued statements this week announcing changes to their respective tipping policies in response to a new minimum wage increase for app-based food delivery [Read More…]
Panera Bread faces second wrongful death suit from caffeinated ‘charged lemonade’
Justin Sullivan/Getty Images (NEW YORK) — Panera Bread is at the center of another wrongful death lawsuit after a Florida family claimed the restaurant’s caffeinated lemonade drink caused Dennis Brown to go into cardiac arrest. [Read More…]
SAG-AFTRA members vote to ratify three-year contract with studios
Chris Delmas/AFP via Getty Images (LOS ANGELES) — SAG-AFTRA members voted to ratify the deal that successfully ended the historic 118-day strike, the union announced on Tuesday. The contract was approved with 78% voting in [Read More…]
What to know about McDonald’s new changes to classic menu items
ermingut/Getty Images (NEW YORK) — McDonald’s burgers have been an American classic since 1955, but the iconic fast food chain has some changes planned to improve its buns, cheese and even how to cook its [Read More…]
Spotify to cut 17% of workforce, CEO says
TORU YAMANAKA/AFP via Getty Images (NEW YORK) — Spotify plans to cut about 17% of its staff, CEO Daniel Ek said Monday. “To be blunt, many smart, talented and hard-working people will be departing us,” [Read More…]
Alaska Airlines to acquire Hawaiian Airlines for $1.9 billion
AaronP/Bauer-Griffin/GC Images (NEW YORK) — Alaska Airlines will acquire Hawaiian Airlines for $1.9 billion, their CEOs announced. Although the two companies will be merged, they will continue to operate under their current names indefinitely. As a [Read More…]
Google begins process of deleting inactive Gmail accounts
Hollie Adams/Bloomberg via Getty Images (NEW YORK) — If you have a Gmail account you haven’t used in a while – it could be deleted as soon as today. Starting Dec. 1, Google will begin [Read More…]
Elon Musk apologizes for antisemitic tweet but crudely attacks advertisers
Carol Yepes/Getty Images (NEW YORK) — Elon Musk apologized for a recent antisemitic post on X while speaking at a conference on Wednesday night, but added a crude denunciation of advertisers that have since withdrawn [Read More…]
Autoworkers at Tesla, BMW and more move to join UAW, union says
Michael Siluk/UCG/Universal Images Group via Getty Images (NEW YORK) — Thousands of employees at 13 non-union automakers — including Tesla, Toyota, BMW and Nissan — have moved to join the United Auto Workers, according to the [Read More…]
What to know about the Tesla Cybertruck ahead of its delivery event
David Paul Morris/Bloomberg via Getty Images (NEW YORK) — Since Tesla unveiled a prototype of its Cybertruck four years ago, the electric pickup truck has remained in the realm of preorders and earnings-call updates — [Read More…]
Travel Tuesday boasts savings on flights, hotels, cruises and more: how to score the best deal
onurdongel/Getty Images (NEW YORK) — Travel Tuesday is taking off, and that next great vacation could be just a click away. “We’re expecting to see more deals available today than on Black Friday and Cyber [Read More…]
What parents should know about iPhone’s ‘NameDrop’ feature
Karl Tapales/Getty Images (NEW YORK) — In some recent social media posts about a new Apple iOS feature, several police departments have expressed concern about the new “NameDrop” feature potentially putting children at risk if [Read More…]
Black Friday shopping takeaways and what they mean for the economy
ArtistGNDphotography/Getty Images (NEW YORK) — Black Friday sales did gangbusters as the nation enters a holiday shopping season expected to test shoppers, who account for nearly three-quarters of U.S. economic activity. Consumers spent a record [Read More…]
Opening up the world of canned seafood
ABC News To the casual observer, canned seafood, or “tinned fish,” appears to be having a moment. Stacks of tins, filled with everything from mackerel to octopus, have been filling social media feeds, complete with [Read More…]
You can buy a Christmas tree for as little as $5 if there’s a national forest nearby
National Forest Service (NEW YORK) — The centerpiece for home holiday decorating could cost next to nothing if you live near a national forest and are willing to do some heavy lifting. The U.S. Forest [Read More…]