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ABC Business News
Why trucks are the ‘it’ electric vehicle to buy right now
Tramino/Getty Images (NEW YORK) — Michael Critchley’s job is to persuade his longtime Ford customers to swap their gas-guzzling pickups for the F-150 Lightning. Ford started production of the all-electric Lightning in late 2021 and the [Read More…]
Parler, platform popular among conservatives, temporarily shut down after acquisition
Tim Robberts/Getty Images (NEW YORK) — Parler, a social media platform popular among conservatives, will temporarily shut down after being acquired by the hedge fund Starboard, the company said on Friday. The acquisition comes months [Read More…]
What to know about planning and pricing for domestic, international destinations as summer travel interest soars
Greg Bajor/Getty Images (NEW YORK) — Airlines are already booking up for getaways abroad this summer and as Americans finalize travel plans, there are some important things to keep in mind. With 75% of seats [Read More…]
Boycotts rarely work, experts say amid Bud Light anti-trans backlash
Daniel Acker/Bloomberg via Getty Images (NEW YORK) — Fresh calls to boycott Bud Light volley across social media nearly two weeks after a product endorsement from Dylan Mulvaney, a transgender influencer, set off backlash among [Read More…]
Fed staff expects banking crisis to cause a recession this year
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve’s staff is more worried about the U.S. economy tipping into a recession after the recent banking crisis, the minutes from the central bank’s meeting in March reveal. [Read More…]
Official calls on Meta, Mattel to do more to get Fisher-Price Rock ‘n Play sleepers off the market
CPSC (NEW YORK) — The head of the government agency that oversees recalls is making an urgent plea when it comes to getting a recalled baby product off the market. Alexander Hoehn-Saric, chair of the [Read More…]
Whole Foods closes flagship San Francisco store over employee safety concerns
Justin Sullivan/Getty Images (SAN FRANCISCO) — Whole Foods is temporarily closing a large store in downtown San Francisco due to concerns over employee safety, the company said on Wednesday. The closure arrives roughly a week after [Read More…]
NPR leaves Twitter amid dispute over labeling
RiverNorthPhotography/Getty Images (NEW YORK) — NPR will stop sharing content on Twitter, the company announced Wednesday — a rebuke of certain labels the social media platform attached to the news outlet. The international media non-profit said [Read More…]
Juul to pay $462 million settlement for ‘central role in the youth vaping epidemic,’ AGs say
Mario Tama/Getty Images (NEW YORK) — Several attorneys general announced a new $462 million settlement from e-cigarette manufacturer JUUL Labs on Wednesday. The settlement is the largest multistate settlement which includes the most “stringent restrictions on [Read More…]
Price hikes slowed significantly in March
Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 5% last month compared to a year ago, extending a months-long slowdown of price increases as the Federal Reserve aims to bring inflation down to normal [Read More…]
Mom files complaint, claims airline refused to accommodate son’s peanut allergy
Courtesy of Lianne Mandelbaum (NEW YORK) — A New Jersey mom is speaking out after she claims United Airlines staff refused to accommodate her son’s “life-threatening” peanut allergy during a recent flight. Lianne Mandelbaum said [Read More…]
Fresh inflation data to show if prices continued cooling in March
Javier Ghersi/Getty Images (NEW YORK) — Investors and consumers on Wednesday will closely watch the release of fresh inflation data, which will show whether price increases continued a months-long slowdown in March. The data release [Read More…]
Mom files complaint, claims airline refused to accommodate son’s peanut allergy
Courtesy of Lianne Mandelbaum (NEW YORK) — A New Jersey mom is speaking out after she claims United Airlines staff refused to accommodate her son’s “life-threatening” peanut allergy during a recent flight. Lianne Mandelbaum said [Read More…]
Tupperware says it could go out of business
Scott Olson/Getty Images (NEW YORK) — A staple in many American kitchens could soon be coming to an end. Tupperware, which has been in American homes for more than 75 years, is now saying it [Read More…]
Strike begins for unions representing 9,000 Rutgers University faculty and staff
DenisTangneyJr/Getty Images (NEW BRUNSWICK, N.J.) — Thousands of academic workers at Rutgers University, including professors and graduate student workers, launched a strike on Monday, picketing outside of campus buildings and urging colleagues to forego teaching [Read More…]
‘Bare Minimum Mondays’ work trend sheds light on self-care
Marko Geber/Getty Images (NEW YORK) — As young professionals navigate the workforce with an emphasis on valuing self-care and work-life balance, behavioral trends like “quiet quitting” and pushes for a four-day workweek have emerged. Now, [Read More…]
Walt Disney World announces return of annual pass sales
AaronP/Bauer-Griffin/GC Images (NEW YORK) — The place where dreams come true is making magic for Disney theme park fans who have asked about Walt Disney World Annual Passes. “New sales of the Disney Incredi-Pass, Disney [Read More…]
What to know about electric bikes, from battery safety to pedaling
EF Volart via Getty Images (NEW YORK) — Electric bikes have made headlines for the dramatic leap in sales of the devices during the pandemic. However, they’ve also drawn notoriety for occasionally sparking deadly fires. [Read More…]
Bob Lee, Cash App founder and former Square executive, dead at age 43
d3sign/Getty Images (SAN FRANCISCO) — Bob Lee, Cash App founder and current executive at cryptocurrency firm MobileCoin, has died, the company told ABC News. He was 43 years old. A longtime tech executive, Lee was [Read More…]
Johnson & Johnson to pay $8.9 billion to settle claims baby powder, other talc products caused cancer
Illustration by Justin Sullivan/Getty Images (NEW YORK) — Johnson & Johnson announced Tuesday that the company has agreed to pay $8.9 billion over 25 years to settle “all current and future” claims that the company’s [Read More…]