Category Added in a WPeMatico Campaign
ABC Business News

The 2023 Gerber ‘spokesbaby’ is a rainbow baby: ‘Brought us immeasurable joy’
The Mendoza Family (NEW YORK) — Meet Madison! The 9-month-old has been named the 2023 Gerber “Spokesbaby” and winner of the baby food brand’s latest photo search contest, according to Gerber. In a press release, [Read More…]

Inflation cooled significantly in June, bringing price hikes close to normal levels
Javier Ghersi/Getty Images (WASHINGTON) — Consumer prices rose 3% last month compared to a year ago, marking a significant slowdown and raising hopes that a prolonged bout of heightened inflation is nearing its end. The [Read More…]

Inflation data expected to show significant slowdown of price increases
Javier Ghersi/Getty Images (WASHINGTON) — Inflation data to be released on Wednesday will show whether the U.S. economy extended a monthslong cooldown of price increases in June, offering further relief for consumers and welcome news [Read More…]

Bank of America ordered to pay more than $100 million for double charging fees, withholding rewards
Spencer Platt/Getty Images, FILE (NEW YORK) — Bank of America was ordered to pay more than $100 million to customers for double-charging accounts with insufficient funds, denying reward payments to credit card holders and using [Read More…]

Powerball jackpot jumps to $725 million
LPETTET/Getty Images (NEW YORK) — The Powerball jackpot for Wednesday’s drawing rose to $725 million after no one won on Monday. A single winner would take home an estimated $366.2 million cash option before taxes [Read More…]

Monday’s Powerball jackpot jumps to $675 million
LPETTET/Getty Images (NEW YORK) — The Powerball jackpot for Monday’s drawing rose to $675 million after no one won on Saturday. A single winner would have taken home an estimated $340.9 million cash option before [Read More…]

What to know about the potential UPS Teamsters strike
Yuichiro Chino/Getty Images (NEW YORK) — Negotiations broke down this week between UPS and its Teamster-represented workers, weeks before their contract is set to expire. As a potential strike looms, UPS workers across the country [Read More…]

UPS workers’ union leader explains what’s at stake as strike edges closer
Ty O’Neil/SOPA Images/LightRocket via Getty Images (NEW YORK) — Workers for UPS are edging closer to a strike after a breakdown in talks between the delivery giant and the Teamsters union representing its employees. Both [Read More…]

How corporate America is slashing DEI workers amid backlash to diversity programs
Shannon Fagan/Getty Images (NEW YORK) — Years after the death of George Floyd shined a spotlight on societal inequities, diversity professionals say some companies are turning their backs on the progress that’s been made to [Read More…]

Tech company under fire after new lawsuit alleges anti-Asian bias
Jason Marz/Getty Images (SAN FRANCISCO) — Asian Americans throughout Silicon Valley are unifying in support of one man after a new lawsuit was filed last month against Lumentum Operations, LLC, alleging Asian discrimination throughout the [Read More…]

FDA, FTC send cease and desists to six companies they say sell copycat candy, snack products with edible THC
Sarah Silbiger/Getty Images (WASHINGTON) — The U.S. Food and Drug Administration and the Federal Trade Commission have jointly issued warning letters to six companies that they say illegally sold copycat food products that look like [Read More…]

Twitter sends Meta cease-and-desist letter over new Threads app: Sources
Davide Bonaldo/SOPA Images/LightRocket via Getty Images (NEW YORK) — Twitter sent Meta a cease-and-desist letter over the newly launched Threads app, sources familiar with the letter’s existence told ABC News. The letter was sent by [Read More…]

Two million sign-ups in 2 hours: What to know about newly launched Threads
Christoph Dernbach/picture alliance via Getty Images (NEW YORK) — Meta, the parent company of Facebook, has officially launched Threads, a new “conversation” app that appears to be the firm’s long-awaited counterpart to Twitter. The app [Read More…]

BelVita Breakfast Sandwich biscuits recalled following possible peanut contamination, company says
Kinga Krzeminska/Getty Images (NEW YORK) — A pair of belVita Breakfast Sandwich products have been voluntarily recalled because they have potential “undeclared peanut,” according to the company that makes the biscuits. Mondelēz Global announced the [Read More…]

What to know about Threads, the Meta-owned app set to take on Twitter
Christoph Dernbach/picture alliance via Getty Images (NEW YORK) — Mark Zuckerberg and Elon Musk averted a cage fight last month but the companies they oversee — Meta and Twitter, respectively — are set to square [Read More…]

Van’s Gluten Free Original Waffles recalled for possible wheat allergen
USFDA (NEW YORK) — Gluten-free breakfast fans, check your freezer to ensure this newly recalled frozen waffle brand doesn’t make it to the toaster. On Monday, Van’s International Foods issued a voluntary recall with full [Read More…]

Undocumented workers face uncertainty as immigration law takes effect in Florida
Joe Raedle/Getty Images (NEW YORK) — Florida resident María and her husband say they are afraid to leave their homes. The couple, who are undocumented workers, only leave their house to go to work, out [Read More…]

Walmart Plus Week starts July 6: What to know
Steve Heap/Getty Images (NEW YORK) — It’s the season for sales and Walmart is getting in on the action. The retail giant is hosting a July savings event with exclusive deals for Walmart Plus members. [Read More…]

The secret to a successful sports car company? Build more SUVs
Lamborghini (SANT’AGATA BOLOGNESE, Italy) — Enthusiasts scoffed, guffawed and protested when Porsche, maker of the venerated 911 sports car, launched its Cayenne sport utility vehicle in 2002. The large SUV boosted the marque’s sagging sales, winning [Read More…]

Elon Musk announces ‘temporary limits’ for reading Twitter posts
Milamai/Getty Images (NEW YORK) — Twitter owner Elon Musk introduced, then quickly amended, new rules to the social media platform on Saturday that set “temporary limits” on how many posts can be read per day. [Read More…]