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ABC Business News
Dockworkers hit picket lines in historic US port strike that could impact prices
Michael Nagle/Bloomberg via Getty Images (NEW YORK) — Tens of thousands of U.S. dockworkers are set to walk off the job early Tuesday morning, clogging dozens of ports along the East and Gulf coasts and [Read More…]
Hurricane Helene spotlights rising prices for home and flood insurance
Downed trees on a home in the aftermath of Hurricane Helene, Sept.r 29, 2024, in Rutherfordton, N.C. (Sean Rayford/Getty Images) (NEW YORK) — Hurricane Helene flooded properties and devastated buildings in recent days as it [Read More…]
A looming port strike could fuel inflation and cause layoffs, experts say
Lauren Justice/Bloomberg via Getty Images (NEW YORK) — Tens of thousands of dockworkers are set to strike as soon as Oct. 1, potentially snarling dozens of ports along the East and Gulf coasts with major [Read More…]
FBI warns scammers are impersonating landowners to sell properties to unsuspecting buyers
This undeveloped property in Randolph, New Jersey, was sold in December 2023, but the owners did not place the land on the market. (Jared Kofsky/ABC News) (NEW YORK) — When a man claiming to own [Read More…]
What to know about the hoax ‘Goodbye Meta AI’ posts going viral on Instagram
As seen on Instagram (NEW YORK) — If you’ve opened Instagram over the last few days, you’ve likely seen a post that begins with the words “Goodbye Meta AI.” The post, most often shared on [Read More…]
Arby’s launches $7 Double the Meats sandwich deal
Arby’s (NEW YORK) — Much like its fellow fast food competitors slashing prices and offering special discounts to lure in customers, Arby’s is adding a new deal to its menu with its Double the Meats [Read More…]
Trump says he could impose tariffs without approval from Congress. Is he right?
Jeff Swensen/Getty Images (WASHINGTON) — Former President Donald Trump has raised few policies on the campaign trail more often than tariffs, which he says would rejuvenate manufacturing, create jobs, restrain immigration and help bankroll childcare, [Read More…]
Senate probe reveals Boeing’s ‘troubling and recurring’ safety failings
The Boeing logo is pictured at the Boeing Renton Factory in Renton, Washington on March 12, 2019. (JASON REDMOND/AFP via Getty Images) (NEW YORK) — The Senate Permanent Subcommittee on Investigations published a memo Wednesday [Read More…]
Unemployment is low but rising quickly. Is it reason to worry?
Douglas Sacha/Getty Images (NEW YORK) — Inflation bedeviled the U.S. economy for years, but a cooldown in price increases has shifted concern toward a different foe: Unemployment. Hiring remains solid but has slowed dramatically from [Read More…]
Will the Federal Reserve cut interest rates again this year?
Anton Petrus/Getty Images (NEW YORK) — The Federal Reserve handed down a large interest rate cut this week, dialing back the central bank’s fight against inflation and signaling welcome relief for borrowers. It remains to [Read More…]
Facing a $2 billion decision, Trump says he will keep his Truth Social shares
Avishek Das/SOPA Images/LightRocket via Getty Images (NEW YORK) — After waiting six months — and losing $4 billion on paper — former President Donald Trump faces a potential windfall from his social media company. Half [Read More…]
What does the Fed interest rate cut mean for mortgages and homebuyers?
Grace Cary/Getty Images (NEW YORK) — The Federal Reserve delivered a jumbo-sized rate cut this week in a move widely viewed as a declaration of victory over inflation and a signal of relief for borrowers. [Read More…]
Instagram imposes new restrictions for teens. Will they work?
Karl Tapales/Getty Images (NEW YORK) — Instagram this week unveiled mandatory accounts for teens that bolster privacy protections, enable parental supervision, and restrict notifications during overnight hours. New and existing users under the age of [Read More…]
Federal Reserve cuts interest rates for 1st time since 2020
Bloomberg Creative/Getty Images (NEW YORK) — The Federal Reserve cut its benchmark interest rate a half of a percentage point on Wednesday in a landmark decision that dials back its years-long fight against inflation and [Read More…]
Federal Reserve expected to cut interest rates for first time since 2020
Bloomberg Creative/Getty Images (NEW YORK) — The Federal Reserve is set to make a pivotal decision about its benchmark interest rate on Wednesday that could dial back its years-long fight against inflation. Investors widely expect [Read More…]
Trump’s new crypto venture is light on details, heavy on potential ethics landmines
Namthip Muanthongthae/Getty Images (NEW YORK) — After once deriding cryptocurrency as a “scam,” former President Donald Trump on Monday formally threw his support behind World Liberty Financial, a crypto venture whose business model remains largely [Read More…]
Instagram introduces mandatory ‘Teen Accounts’ with built-in limits, parental controls
Meta (NEW YORK) — For the first time in its history, Instagram on Tuesday announced the launch of accounts designed specifically for teenage users with built-in privacy protections. The new accounts, called “Teen Accounts,” will [Read More…]
Popeyes launches new $5 deal as fast food competition heats up
Popeyes (NEW YORK) — As fast food chains continue to drop prices on popular menu items in hopes of enticing hungry customers, Popeyes is entering the arena with a new $5 deal. The popular fried [Read More…]
Lamborghini’s CEO opens up about EVs, touchscreens and Kamala Harris
The Revuelto, Lamborghini’s first plug-in hybrid, pairs a V12 engine with three electric motors. — Morgan Korn/ABC News (NEW YORKI) — Lamborghini has sold adrenaline-inducing speed and spaceship-like designs for decades, to much success. The [Read More…]
What to know about a possible rate cut this week
Bloomberg Creative/Getty Images (NEW YORK) — Borrowers have waited years for a sign of relief from high interest rates for everything from credit card loans to mortgages. The wait may come to an end this [Read More…]