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ABC Business News

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…]

Four takeaways for parents from the Senate grilling of social media CEOs
Mark Zuckerberg, CEO of Meta, apologizes to families who have been harmed due to unsafe social media during the Senate Judiciary Committee hearing in the Dirksen Senate Office Building, Jan. 31, 2024, in Washington. (Tom [Read More…]

Federal judge dismisses Disney lawsuit against Gov. Ron DeSantis
Atlantide Phototravel/Getty Images (ORLANDO, Fla.) — A federal judge in Florida has dismissed a lawsuit filed by Disney against Gov. Ron DeSantis and other state officials over the state legislature’s decision to alter the governing structure [Read More…]

Fed leaves interest rates unchanged, delaying anticipated rate cuts
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve left rates unchanged on Wednesday, delaying highly anticipated rate cuts that the central bank expects to make sometime this year. The fed funds rate remains between 5.25% and [Read More…]

Judge dismisses Disney lawsuit against Gov. Ron DeSantis
Atlantide Phototravel/Getty Images (ORLANDO, Fla.) — A Florida judge has dismissed a lawsuit filed by Disney against Gov. Ron DeSantis over the state legislature’s decision to alter the governing structure of the Reedy Creek Improvement District. [Read More…]

‘We caused the problem’: Boeing CEO takes accountability for Alaska Airlines door plug incident
Image Source/Getty Images (NEW YORK) — Boeing CEO Dave Calhoun took responsibility for a door plug getting blown out of an Alaska Airlines flight over Oregon earlier this month in the company’s fourth quarter earnings [Read More…]

Fed set for first rate decision since forecasting cuts
Bloomberg Creative/Getty Images (WASHINGTON) — Washington, D.C., and Wall Street will closely watch an announcement from the Federal Reserve on Wednesday about whether to shift its benchmark interest rate. The move marks the first such [Read More…]

Top CEOs opposed Trump’s 2020 election lies. Now some are softening toward him
David Becker/Getty Images (WASHINGTON) — When then-President Donald Trump falsely declared victory days after Election Night in 2020, dozens of CEOs at the nation’s top companies assembled on a Zoom call to prevent what they feared [Read More…]

IRS launching new programs to make filing easier as 2024 tax season begins
courtneyk/Getty Images (NEW YORK) — As the 2024 tax season kicked off across the nation Monday, the Internal Revenue Service is offering some new services it says will help make filing easier for taxpayers. The [Read More…]

A potential Trump-Biden contest could hinge on the economy. Here’s how their plans differ.
Anton Petrus/Getty Images (NEW YORK) — Former president Donald Trump trounced his Republican opponents in the first two primary contests, setting the course for a potential general election rematch with likely Democratic nominee President Joe [Read More…]

Electric vehicles are a ‘huge manufacturing and jobs win’ for America: Energy secretary
Energy Secretary Jennifer Granholm addresses Americans’ concerns about owning an electric vehicle in an interview with ABC News’ Morgan Korn. — ABC News (NEW YORK) — You’ve seen them on the roads, at the local [Read More…]

What to know about Vermont’s wealth tax
John Greim/LightRocket via Getty Images (MONTPELIER, Vt.) — In a yellow-walled conference room at the Vermont statehouse this week, one attendee ate ice cream and another bounced a toddler on her lap — but all were [Read More…]

Car insurance rates have soared 36% since 2020. Here’s why.
Koichi Kamoshida/Getty Images (NEW YORK) — As car prices have climbed in recent years, bright-colored signs at dealerships and boldface headlines have blared warnings to buyers. But less attention has been paid to the jump [Read More…]

Apple Vision Pro: Why does it cost $3,499 and will people pay it?
In this June 5, 2023, file photo, Apple CEO Tim Cook stands next to the new Apple Vision Pro headset, displayed during the Apple Worldwide Developers Conference in Cupertino, Calif. — Justin Sullivan/Getty Images, FILE [Read More…]

Energy Secretary Jennifer Granholm is confident more Americans will love electric vehicles
ABC News (WASHNGTON) — Energy Secretary Jennifer Granholm can relate to Americans’ anxiety over electric vehicles. The former governor of Michigan and longtime EV owner (who currently drives a Ford Mach-E) says she has experienced [Read More…]

Tesla stock plummets more than 10% after earnings miss expectations
lvcandy/Getty Images (NEW YORK) — Shares of Tesla plummeted more than 10% in afternoon trading on Thursday, less than 24 hours after the company reported earnings that fell short of expectations and cautioned of sluggish [Read More…]

Dunkin’ faces potential class-action lawsuit for alleged discriminatory upcharge on nondairy milks
An exterior view of the Dunkin’ Donuts restaurant in Muncy, Pennsylvania, June 10, 2023. (Paul Weaver/SOPA Images/LightRocket via Getty Images) (NEW YORK) — Lactose intolerant coffee drinkers who opt for nondairy alternatives like soy, almond [Read More…]