Category Added in a WPeMatico Campaign
ABC Business News

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…]

US approved bitcoin ETFs. Are they a good investment?
Westend61/Getty Images (NEW YORK) — Trading is set to begin for a new type of bitcoin fund that gives investors access to the crypto market without some of the hassle and fees of owning bitcoin [Read More…]

eBay to pay $3 million for harassment targeting Massachusetts couple over newsletter
Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images (WASHINGTON) — eBay will pay a $3 million criminal penalty for a campaign of harassment and intimidation undertaken by company executives that included anonymous home deliveries of a bloody [Read More…]

Inflation jumped in December, complicating Fed aim of interest rate cuts
Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 3.4% in December compared to a year ago, accelerating markedly from the previous month and defying a smooth path down to normal levels, a report from [Read More…]

DOT announces $623 million in grants to support EV charging infrastructure
Jon Challicom/Getty Images (WASHINGTON) — The Department of Transportation has announced $623 million in grants to support electric vehicle (EV) charging infrastructure across the country. “We’re at a moment now where the electric vehicle revolution [Read More…]

How passenger electric planes could become a reality within the next decade
Elysian (NEW YORK) — The race to decarbonize the aviation industry is heating up, with researchers finding a way to make passenger airplanes operate on 100% electric power. A newly designed electric aircraft, called the [Read More…]

Benny T’s Vesta Dry Hot Sauces recalled due to possible life-threatening mislabeling issue
FDA (NEW YORK) — Spicy condiments from spreads to sauce have been dubbed a top food trend of 2024, but one brand is alerting consumers to toss out some of its products, as they could [Read More…]

Inflation expected to have risen slightly in December
Javier Ghersi/Getty Images (NEW YORK) — Policymakers will pay close attention to the release of price data on Thursday as the Federal Reserve weighs dialing back its inflation fight with a series of interest rate [Read More…]

US approves Bitcoin investment product. Here’s why it matters
Namthip Muanthongthae/Getty Images (NEW YORK) — The Securities and Exchange Commission on Wednesday gave its approval for some Bitcoin ETFs, just a day after a fake post on the agency’s account on X made a similar [Read More…]

US to decide if Bitcoin investment product is legal. Here’s why it matters
Namthip Muanthongthae/Getty Images (NEW YORK) — The price of Bitcoin vaulted skyward on Tuesday afternoon after the Securities and Exchange Commission appeared to deliver a major breakthrough for the cryptocurrency in a post on X. [Read More…]

Should you invest in CDs while interest rates fall? Experts weigh in
Catherine McQueen/Getty Images (NEW YORK) — After a high-flying performance last year, the stock market has dropped at the outset of 2024. The turnabout has sent some investors looking for alternatives, including certificates of deposit, [Read More…]

Boeing stock price falls nearly 10% after 737 Max 9 incident, FAA order
Greg Bajor/Getty Images (NEW YORK) — Shares of Boeing have plunged nearly 10% this week after a door plug blew out of the company’s 737 Max 9 aircraft during an Alaska Airlines flight. The incident, [Read More…]

Fast food workers in California to earn $20 an hour. What does it mean for workers nationwide?
MJHollinshead/Getty Images (LOS ANGELES) — Fast food workers defied skeptics roughly a decade ago with the “Fight for $15,” a campaign demanding an industry-wide pay floor at more than double the federal minimum wage. That [Read More…]

What are Trump’s plans for the economy in a potential 2nd term?
Anna Moneymaker/Getty Images (NEW YORK) — Days away from the first ballots cast in the 2024 primary election, former President Donald Trump holds a commanding lead over his Republican rivals and tops President Joe Biden in [Read More…]

Why TGI Fridays will close multiple locations this year
Bruce Bennett/Getty Images (NEW YORK) — TGI Fridays is starting off the new year by shuttering dozens of locations to support the restaurant chain’s long-term growth strategy, which it said includes appointing a former stakeholder [Read More…]

Starbucks launches reusable cup option for mobile and drive-thru orders
JohnFScott/Getty Images (NEW YORK) — Starbucks will become the first nationwide coffee retailer to accept reusable cups for mobile orders, effective immediately, the coffeehouse chain said in a release Wednesday. Customers will now also have [Read More…]

Families’ lawsuit against Snapchat alleging the platform enables drug dealers allowed to move forward
Witthaya Prasongsin/Getty Images (NEW YORK) — Dozens of families who are suing Snap Inc., the parent company of Snapchat, won a legal victory Tuesday when a judge in California ruled their lawsuit against the social [Read More…]

Mortgage rates are plummeting. Should homebuyers jump into the market?
moodboard/Getty Images (NEW YORK) — Mortgage rates have plummeted in recent weeks, boosting the prospects of homebuyers previously stifled by high borrowing costs. Many forecasters predict mortgage rates will drop further, however, since the Federal [Read More…]

Would Elon Musk sell X as losses mount? Experts weigh in
CEO Elon Musk attends the Atreju political meeting organised by the young militants of Italian right wing party Brothers of Italy – CREDIT: Future Publishing/Getty Images (NEW YORK) — Days after Elon Musk bought X [Read More…]