ABC Business News

Bloomberg Creative/Getty Images (WASHINGTON) — A Federal Reserve announcement rallied all three major stock indexes to one-year highs on Wednesday — and the enthusiasm owed little to what the central bank actually did. In addition [Read More…]

Jakub Porzycki/NurPhoto via Getty Images) (NEW YORK) — Coca-Cola has voluntarily recalled three soda products across multiple states, with the U.S. Food and Drug Administration announcing in a report that the 12-ounce cans may have [Read More…]

The Meta (formerly Facebook) logo marks the entrance of their corporate headquarters in Menlo Park, Calif., Nov. 9, 2022. (Josh Edelson/AFP via Getty Images) (NEW YORK) — When Meta overhauled its policy toward election-denial claims [Read More…]

Yulia Naumenko/Getty Images (NEW YORK) — Amazon, Target and Walmart, three of the largest retailers in the U.S., have announced they will stop selling water beads amid growing pressure in recent years to remove the [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve expects to begin cutting interest rates next year, Fed Chair Jerome Powell said at a press conference in Washington D.C. on Wednesday. Policymakers at the central bank believe [Read More…]

Brand new Tesla cars sit parked at a Tesla dealership on Oct. 18, 2023 in Corte Madera, California. (Justin Sullivan/Getty Images) (NEW YORK) — Tesla will recall about twp million cars over a safety issue [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve will announce an interest rate decision on Wednesday, unveiling its latest policy move amid a near-historic series of rate hikes deployed to fight inflation. That string of [Read More…]

Javier Ghersi/Getty Images (WASHINGTON) — Consumer prices rose 3.1% in November compared to a year ago, cooling slightly from the previous month and indicating progress in the fight to reduce inflation, a report from the [Read More…]

Javier Ghersi/Getty Images (WASHINGTON) — Washington, D.C. and Wall Street will closely watch the release of inflation data on Tuesday that’s set to show whether price hikes continued their cooldown in November or defied further [Read More…]

Jaap Arriens/NurPhoto via Getty Images (NEW YORK) — GE Aerospace is taking another step towards its commitment to sustainable flights, completing testing with sustainable aviation fuel (SAF) on its 10th aircraft engine model. The company [Read More…]

Jeffrey Dean/Bloomberg via Getty Images, FILE (HEBRON, Ky.) — Two months after Rubi Gomez began working at an Amazon facility in Kentucky, she woke up to a barrage of frantic text messages from her coworkers, [Read More…]

Tiffany Hagler-Geard/Bloomberg via Getty Images (NEW YORK) — DoorDash and Uber Eats issued statements this week announcing changes to their respective tipping policies in response to a new minimum wage increase for app-based food delivery [Read More…]

Justin Sullivan/Getty Images (NEW YORK) — Panera Bread is at the center of another wrongful death lawsuit after a Florida family claimed the restaurant’s caffeinated lemonade drink caused Dennis Brown to go into cardiac arrest. [Read More…]

Chris Delmas/AFP via Getty Images (LOS ANGELES) — SAG-AFTRA members voted to ratify the deal that successfully ended the historic 118-day strike, the union announced on Tuesday. The contract was approved with 78% voting in [Read More…]

ermingut/Getty Images (NEW YORK) — McDonald’s burgers have been an American classic since 1955, but the iconic fast food chain has some changes planned to improve its buns, cheese and even how to cook its [Read More…]

TORU YAMANAKA/AFP via Getty Images (NEW YORK) — Spotify plans to cut about 17% of its staff, CEO Daniel Ek said Monday. “To be blunt, many smart, talented and hard-working people will be departing us,” [Read More…]

AaronP/Bauer-Griffin/GC Images (NEW YORK) — Alaska Airlines will acquire Hawaiian Airlines for $1.9 billion, their CEOs announced. Although the two companies will be merged, they will continue to operate under their current names indefinitely. As a [Read More…]

Hollie Adams/Bloomberg via Getty Images (NEW YORK) — If you have a Gmail account you haven’t used in a while – it could be deleted as soon as today. Starting Dec. 1, Google will begin [Read More…]

Carol Yepes/Getty Images (NEW YORK) — Elon Musk apologized for a recent antisemitic post on X while speaking at a conference on Wednesday night, but added a crude denunciation of advertisers that have since withdrawn [Read More…]

Michael Siluk/UCG/Universal Images Group via Getty Images (NEW YORK) — Thousands of employees at 13 non-union automakers — including Tesla, Toyota, BMW and Nissan — have moved to join the United Auto Workers, according to the [Read More…]