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ABC Business News
Dunkin’ to air first ever Super Bowl ad, fans suspect Ben Affleck is the star
LordRunar/Getty Images (NEW YORK) — Outside his packed resume of movie and television credits, Ben Affleck has become famous in meme form with his hands full of Dunkin’ iced coffee, doughnuts and more. In recent [Read More…]
Texas AG launches probe of Home Title Lock ads tied to Rudy Giuliani, other right-wing personalities
ABC News (NEW YORK) — Authorities in Texas have launched an investigation into the marketing claims of the anti-fraud service Home Title Lock, looking to determine whether the California-based company that’s been promoted by Rudy [Read More…]
Yahoo to lay off 20% of its workforce by the end of the year
maybefalse/Getty Images (NEW YORK) — Yahoo will lay off 20% of its workforce by the end of the year, including 1,000 employees this week, the company announced Thursday. The cuts are focused on the company’s [Read More…]
Twitter suffers major outage, prompting emergency fix and apology
Karl Tapales/Getty Images (NEW YORK) — Twitter suffered a user outage on Wednesday that lasted for hours and required an emergency fix, prompting an apology from the company and marking one of the first major [Read More…]
“It’s a mess’: Messages to Southwest pilots show meltdown unfolding
martin-dm/Getty Images (NEW YORK) — Southwest Airlines Chief Operating Officer Andrew Watterson faced lawmakers Thursday in a highly-anticipated Senate Commerce Committee hearing to answer for the airline’s historic holiday meltdown. “Let me be clear: we [Read More…]
Super Bowl 2023 commercials to watch for during the big game
Jeffrey Grigsby / EyeEm/Getty Images (NEW YORK) — Some people are watching Super Bowl LVII for the big game, while others are watching for the halftime show when superstar Rihanna will make her long-awaited return [Read More…]
Nearly five million Fabuloso cleaning products recalled due to bacteria risk
Consumer Product Safety Commission (NEW YORK) — A number of popular Fabuloso cleaning products were recalled Wednesday by the Colgate-Palmolive Company due to risk of bacteria contamination, according to the Consumer Product Safety Commission. About [Read More…]
Disney to eliminate 7,000 jobs, CEO Bob Iger says
Michael Kovac/Getty Images for AFI (BURBANK, Calif.) — Disney is set to eliminate 7,000 jobs, CEO Bob Iger said on the company’s earnings call on Wednesday. The company is targeting a total of $5.5 billion [Read More…]
Disney to lay off 7,000 workers, CEO Bob Iger says
Michael Kovac/Getty Images for AFI (BURBANK, Calif.) — Disney is set to lay off 7,000 workers, CEO Bob Iger said on the company’s earnings call on Wednesday. The company is targeting a total of $5.5 billion [Read More…]
Biden proposes higher taxes for the rich. Here’s how they work.
Anna Moneymaker/Getty Images (WASHINGTON) — President Joe Biden on Tuesday touted the nation’s economic health in his State of the Union Address, just days after a blockbuster jobs report showed a strong labor market has coincided [Read More…]
Baby formula milk companies ‘exploit’ parents’ fears to boost sales, analysis alleges
Brandon Bell/Getty Images (NEW YORK) — Many baby formula milk companies allegedly exploit parents’ emotions and “manipulate” scientific data to boost sales, according to a major new analysis published in The Lancet. The analysis, led [Read More…]
Biden is set to propose higher taxes for the rich. Here’s how they work.
Anna Moneymaker/Getty Images (WASHINGTON) — President Joe Biden on Tuesday is expected to tout the nation’s economic health in his State of the Union Address, just days after a blockbuster jobs report showed a strong [Read More…]
Inflation fight has a ‘long way to go,’ Federal Reserve Chair Jerome Powell says
Liu Jie/Xinhua via Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank’s fight against inflation has “a long way to go,” citing a blockbuster jobs report last week that [Read More…]
Queen of Salsa, Celia Cruz, to appear on US quarter
Joshua Derr/Getty Images (NEW YORK) — The Queen of Salsa and Cuban icon Celia Cruz has been selected to appear on the U.S. quarter. Cruz, who died in 2003, was selected by the United States [Read More…]
‘This is a big deal’: What to know about the new retirement savings law
IronHeart/Getty Images (NEW YORK) — A major set of changes to the rules for retirement finances took effect this year, but many people may not have noticed. The rules were buried within a 4,000-page long, [Read More…]
AMC announces new price system based on seat location: What to know
Fuse/Getty Images (NEW YORK) — AMC Theatres announced a new ticket pricing initiative Monday that has customers paying based on where their seat is located. The initiative, called Sightline at AMC, is described by the [Read More…]
Google announces new AI program named Bard, in wake of viral ChatGPT
Jakub Porzycki/NurPhoto via Getty Images (MOUNTAIN VIEW, Calif.) — If you ever needed artificial intelligence’s help to plan a friend’s baby shower, your time has come, as Google officially unveiled an AI program it’s calling Bard, [Read More…]
United Airlines faces possible $1.15M fine from FAA over pre-flight system check
Gary Hershorn/Getty Images (NEW YORK) — United Airlines is facing a possible $1.15 million fine after allegedly conducting flights with planes that hadn’t undergone a certain safety check, federal regulators said, though United called the [Read More…]
Treasury Secretary Janet Yellen rejects recession fears, says economy is ‘strong’
ABC News (NEW YORK) — Treasury Secretary Janet Yellen rejected recession fears in an interview with ABC News’ Good Morning America on Monday, saying the economy remains “strong and resilient.” A blockbuster jobs report last [Read More…]
FTX’s new CEO tells bankruptcy court independent investigation would be a waste of money
Namthip Muanthongthae/Getty Images (NEW YORK) — FTX’s new chief executive told a bankruptcy court Monday there is “a danger” to authorizing an independent investigation of the crypto exchange’s collapse. John Ray said he had no [Read More…]