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ABC Business News

Judge upholds ‘Pharma Bro’ Martin Shkreli’s ban from pharmaceutical industry
Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, exits court in New York, US, on Wednesday, Oct. 4, 2023. (Bloomberg / Contributor/Getty Images) (NEW YORK) — Martin Shkreli’s lifetime ban from the pharmaceutical [Read More…]

The IRS announces plans to simplify and redesign tax notices
d3sign/Getty Images (NEW YORK) — With tax season set to kick off next week, the IRS is launching a new initiative to redesign and simplify common tax documents. The changes will eventually apply to around [Read More…]

Venmo, Zelle, Cash App leaving users vulnerable to fraud: Manhattan DA
sesame/Getty Images (NEW YORK) — Venmo, Zelle and Cash App are leaving consumers vulnerable to fraud that’s “draining bank accounts of significant sums of money,” Manhattan District Attorney Alvin Bragg said in letters to the [Read More…]

Baby clothing company faces criticism over handling of employee’s maternity leave
Isabel Pavia/Getty Images (NEW YORK) — A children’s clothing brand is facing criticism for the way it handled one employee’s request to work remotely while her newborn son was treated in the neonatal intensive care [Read More…]

How the ‘loud budgeting’ viral trend could help you save money
d3sign/Getty Images (NEW YORK) — TikTok users are loud and proud, not just about their dance moves and style choices, but also when it comes to budgeting. The recent #loudbudgeting trend, which has racked up [Read More…]

Dow closes above 38,000 for 1st time ever, setting record high
d3sign/Getty Images, FILE (NEW YORK) — The Dow Jones Industrial Average closed above 38,000 for the first time ever on Monday, setting a record high and capping a steady rise that stretches back to last [Read More…]

Microsoft corporate emails hacked by Russian-backed group, company says
Gary Hershorn/Getty Images (NEW YORK) — Microsoft revealed Friday that some of its corporate email accounts were hacked by a Russian-backed group. The tech company said in a blog post that its security team detected [Read More…]

Sports Illustrated’s publisher terminates most of staff in mass layoff
Marko Geber/Getty Images (NEW YORK) — Sports Illustrated employees were notified on Friday that their jobs were being terminated. The Sports Illustrated union posted on X: “This is another difficult day in what has been [Read More…]

US postage stamp and shipping prices go up Sunday
Tony Anderson/Getty Images (NEW YORK) — The U.S. Postal Service will increase stamp prices starting Sunday, a USPS representative confirmed to “Good Morning America.” The cost of first-class stamps will rise from 66 cents to [Read More…]

Credit card debt reaches record high in US
Adam Gault/Getty Images (NEW YORK) — U.S. credit card debt has soared over the last couple of years and recently it reached a major milestone. Americans’ combined credit card balances topped $1 trillion dollars last [Read More…]

Big Tech layoffs are back. Are other workers at risk?
Bridget Bennett/Bloomberg via Getty Images (NEW YORK) — Big Tech companies laid off hundreds of employees in recent days, commanding headlines and confronting workers across the economy with a question: Am I next? Amazon and [Read More…]

US hiring stalled and prices increased modestly in recent weeks, Fed report says
Douglas Sacha/Getty Images (NEW YORK) — U.S. economic activity changed little in recent weeks as hiring stalled, prices grew modestly and the private sector feared uncertainty tied to the 2024 election, a Federal Reserve report [Read More…]

Bank overdraft fees may soon plummet. Here’s what to know.
IronHeart/Getty Images (NEW YORK) — Tens of millions of Americans who overdraft on their bank accounts each year may soon enjoy major relief. The government agency in charge of protecting consumers’ finances introduced a new [Read More…]

Burger King owner will buy out its biggest franchisee in US for about $1 billion
The parent company of Burger King is buying out its biggest franchisee in the U.S. for about $1 billion and will renovate hundreds of its locations. Restaurant Brands International Inc. will acquire all of the [Read More…]

What to know about a proposed Wisconsin tax on electric vehicle chargers
Jon Challicom/Getty Images (NEW YORK) — Electric vehicle charging stations could spring up at gas stations and grocery stores throughout Wisconsin, after the state Senate passed a proposed bill on Tuesday. The bill, which passed [Read More…]

The state of self-checkout: Target tests a new system as retailers combat long lines, inventory loss
Elena Zaretskaya/Getty Images (NEW YORK) — Several major retailers are re-evaluating self-checkout for customers after analysts have seen inventory loss. “Retailers are really starting to use technology in order to look at the shrink problem,” [Read More…]

Elon Musk wants more control of Tesla. Why some experts say it could be risky
Antonio Masiello/Getty Images (NEW YORK) — Tesla CEO Elon Musk is seeking greater voting control of the electric carmaker, threatening to otherwise pursue major projects such as artificial intelligence outside of the company, he said in [Read More…]

American dream far from reality for most people: POLL
Joseph Sohm; Visions of America/ Getty Images (NEW YORK) — In a dispiriting sign of the times, barely more than a quarter of Americans say the American dream still holds true — about half as [Read More…]

What the US attack in Yemen means for oil prices, inflation
Anton Petrus/Getty Images (NEW YORK) — U.S. airstrikes against Houthi targets in Yemen on Thursday night escalated an ongoing conflict over a shipping route that holds significant implications for oil prices and inflation. The military [Read More…]

FAA announces increase in oversight on Boeing production following Alaska Airlines incident
Eric Thayer/Bloomberg via Getty Images (WASHINGTON) — The Federal Aviation Administration announced it will take the significant step of increasing its oversight over Boeing and begin an immediate audit of Boeing’s production and manufacturing in [Read More…]
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