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ABC Business News
Tyson Foods recalls almost 30,000 pounds of ‘fun nuggets’ over possible contamination
Tyson Chicken Nuggets Fully Cooked bag (Frozen). Food Safety and Inspection Service — USDA (NEW YORK) — Tyson Foods is voluntarily recalling almost 30,000 pounds of its dinosaur-shaped chicken nuggets due to possible contamination of [Read More…]
Black entrepreneurs awarded $25K grants to grow their businesses
ABC News (NEW YORK) — Despite a gradual slowdown in investment opportunities for Black businesses, Daymond John is determined to rewrite the narrative through Black Entrepreneurs Day. John, CEO of FUBU and co-star of ABC’s [Read More…]
Job market shows signs of losing momentum. Here’s what it means.
Douglas Sacha/Getty Images (NEW YORK) — A gangbusters job market showed pronounced signs of a slowdown last month, a government report on Friday showed. The fresh data elicited predictions from some economists that hiring could [Read More…]
Sam Bankman-Fried found guilty in federal fraud and conspiracy trial, could face 110 years in prison
Mint Images/Getty Images (NEW YORK) — A jury has found FTX founder Sam Bankman-Fried guilty on all charges in his federal fraud and conspiracy trial. The jury deliberated for a little over four hours before [Read More…]
Chipotle, McDonald’s executives on how costs could hit consumers when California minimum wage increases
Jeenah Moon/Bloomberg via Getty Images (NEW YORK) — The cost of doing business in California could soon be slightly more expensive with minimum wages set to increase in April. But what does that mean for [Read More…]
What to know about DoorDash’s new tipping and delivery program
Michael Nagle/Bloomberg via Getty Images (NEW YORK) — DoorDash is testing a new notification it hopes will encourage customers to leave a tip for delivery drivers. The delivery giant is rolling out a message to [Read More…]
Uber, Lyft agree to pay combined $328 million for withholding money from drivers
RapidEye/Getty Images (NEW YORK) — Uber and Lyft agreed Thursday to pay a combined $328 million for withholding money from drivers. Uber agreed to pay $290 million and Lyft $38 million in what New York [Read More…]
Federal Reserve leaves interest rates unchanged despite stubborn inflation
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve left interest rates unchanged on Wednesday, despite stubborn inflation that has resisted the central bank’s fight to cool price increases. The move allows previous rate increases to take [Read More…]
Federal Reserve expected to leave interest rates unchanged despite stubborn inflation
Bloomberg Creative/Getty Images (WASHINGTON) — Once bemoaned as a source of recession worries, the U.S. economy has become a wellspring of good news: blistering growth, robust hiring and consumers opening their wallets for everything from [Read More…]
Thanksgiving food price forecast, retailers with early deals and expert savings tips
GMVozd/Getty Images (NEW YORK) — With less than one month until Thanksgiving and the start of the winter holiday season, Americans are already eyeing grocery prices to gauge how much their festive gatherings are going [Read More…]
Key moments from trial of former FTX CEO Sam Bankman-Fried
ABC News (NEW YORK) — Jurors will soon begin deliberating in the trial of FTX founder Sam Bankman-Fried, nearly a year after the cryptocurrency trading platform’s collapse, as federal prosecutors are accusing him of orchestrating [Read More…]
Senators question airline frequent flyer programs, citing reports of ‘unfair’ practices
Craig Hastings/Getty Images (WASHINGTON) — Two senators are asking U.S. regulators to address “unfair” practices in airlines’ frequent flyer programs. In a letter sent Monday night, Dick Durbin, D-Ill., and Roger Marshall, R-Kan., asked the [Read More…]
General Motors reaches tentative deal to end strike with UAW
Witthaya Prasongsin/Getty Images (DETROIT) — General Motors has reached a tentative deal with United Auto Workers to end their strike, GM and the union confirmed Monday. GM joins Stellantis and Ford, which reached deals in [Read More…]
Biden executive order imposes new rules for AI. Here’s what they are.
by Marc Guitard/Getty Images (WASHINGTON) — President Joe Biden issued a wide-ranging executive order on Monday that aims to safeguard against threats posed by artificial intelligence, ensuring that bad actors do not use the technology [Read More…]
General Motors reaches tentative deal to end strike with UAW: Sources
Witthaya Prasongsin/Getty Images (NEW YORK) — General Motors has reached a tentative deal with United Auto Workers to end their strike, according to two sources familiar with the talks. GM joins Stellantis and Ford, which [Read More…]
Sand, gravel, snow: Latest sports cars can go off-roading too
Porsche (NEW YORK) — It was an outlandish concept. Take a Lamborghini Huracan — a low-slung, outrageously fast coupe — and transform it into an “all-terrain super sports car.” Lamborghinis are built for racetracks, not [Read More…]
UAW and Stellantis reach tentative contract agreement
Emily Elconin/Bloomberg via Getty Images (DETROIT) — The United Auto Workers union and Stellantis announced Saturday they have reached a tentative agreement, more than 40 days after the union launched a strike against the big [Read More…]
Online retailer Shein has catapulted to the top of fast fashion — but not without controversy
Allen J. Schaben/Los Angeles Times via Getty Images (NEW YORK) — Online retailer Shein has become well-known for its massive inventory of trendy clothing produced and sold to consumers on the cheap. In just a [Read More…]
Scholastic removes optional diverse book section after controversy
Universal Images Group via Getty Images (TALLAHASSEE, FLORIDA) — Children’s book publisher Scholastic has reversed its decision to create a separate, optional section for its elementary school book fairs for titles written predominantly by and [Read More…]
US economy grew at blistering pace in third quarter
Javier Ghersi/Getty Images (NEW YORK) — The U.S. economy grew at a blistering pace over three months ending in September, more than doubling growth in the previous quarter and rebuking worries about a possible recession. [Read More…]