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ABC Business News

Fourth of July travel forecast: What to know before hitting the road or heading to the airport
Craig Hastings/Getty Images (NEW YORK) — Whether you’re heading to the beach or a barbecue this Fourth of July holiday weekend, here’s what you need to know before hitting the highway or heading to the [Read More…]

Parents warned to stop using infant loungers sold exclusively on Amazon
CPSC (NEW YORK) — The Consumer Product Safety Commission is warning parents to stop using baby and infant loungers from Gorsetle US that were sold online through Amazon exclusively. The CPSC said in a Thursday [Read More…]

Pepsi debuts cola-infused ketchup to pair perfectly with hot dogs at these MLB ballparks on July 4
Pepsi (NEW YORK) — Hot dogs are synonymous with summer, so Pepsi created a new condiment that even competitive eater Joey Chestnut would add atop his all-American eats. Since cola is a classic accompaniment with [Read More…]

Virgin Galactic live updates: Company has launched its first fully commercial spaceflight
Ahmet Okur/Anadolu Agency via Getty Images (NEW YORK) — Virgin Galactic is launching its first fully commercial flight of the SpaceShipTwo space plane, the company announced. The ship will carry four people and launch around [Read More…]

US economy actually grew 2% over first quarter, up from prior 1.3% estimate
Javier Ghersi/Getty Images (WASHINGTON) — The U.S. economy grew significantly more at the outset of this year than an initial measurement indicated, according to a major upward revision released on Thursday by the Commerce Department. [Read More…]

Supreme Court rules employers must be more accommodating of religious observance
Ryan McGinnis/Getty Images (WASHINGTON) — A unanimous Supreme Court on Thursday ruled in favor of a former U.S. Postal Service letter carrier from Pennsylvania who didn’t want to work on Sundays in order to observe [Read More…]

Virgin Galactic live updates: Company to launch its first fully commercial spaceflight
Ahmet Okur/Anadolu Agency via Getty Images (NEW YORK) — Virgin Galactic is launching its first fully commercial flight of the SpaceShipTwo space plane, the company announced. The ship will carry four people and launch around [Read More…]

US economy ‘quite resilient,’ Fed Chair Jerome Powell says
Bloomberg Creative/Getty Images (NEW YORK) — Federal Reserve Chair Jerome Powell on Wednesday voiced an optimistic message about the U.S. economy and downplayed the threat of a recession. “The U.S. economy has actually been quite [Read More…]

Reunite with your cash: How to find out if you have unclaimed money
Catherine McQueen/Getty Images (NEW YORK) — Across the nation, more than $20 billion is waiting to be reclaimed by citizens who may not even know they may be owed cash from “unclaimed property,” which can [Read More…]

Starbucks reiterates support of LGBTQIA2+ community amid Pride strikes
Starbucks (NEW YORK) — Amid much back-and-forth between Starbucks and some of its workers who claim the company stopped Pride decorations from being displayed in some locations, some union employees have gone on strike to [Read More…]

Pregnant Workers Fairness Act goes into effect; set to help millions of women
Maskot/Getty Images (NEW YORK) — Natasha Jackson faced what she says was pregnancy discrimination 13 years ago. She was three months pregnant with her third child when she was put on leave from her job [Read More…]

As thousands of flights canceled, feud between United CEO and FAA spills out into public again
CHUYN/Getty Images (NEW YORK) — Airlines have canceled more than 5,200 flights since Saturday in the U.S. and United Airlines CEO claimed the Federal Aviation Administration staffing and inexperience is partly to blame. United CEO Scott [Read More…]

More than $200 billion in pandemic relief potentially squandered, says government watchdog report
IronHeart/Getty Images (WASHINGTON) — The federal government squandered more than $200 billion in potential fraud in its aggressive rush to prop up small businesses as the COVID-19 pandemic threatened to shatter the U.S. economy, according to [Read More…]

More than $200 billion in pandemic relief squandered, says government watchdog report
IronHeart/Getty Images (WASHINGTON) — The federal government squandered more than $200 billion in its aggressive rush to prop up small businesses as the COVID-19 pandemic threatened to shatter the U.S. economy, according to a report [Read More…]

Costco cracks down on members sharing cards at checkout
Kinga Krzeminska/Getty Images (NEW YORK) — Costco Wholesale is cracking down on customers sharing membership cards at the self-service checkout. The big box retailer will require shoppers at the self-checkout kiosks show their membership cards [Read More…]

Summer cookout food costs only slightly down, new survey finds
American Farm Bureau (NEW YORK) — The average cost of a 4th of July cookout is slightly down, but families are still feeling the pinch of inflation and other cost catalysts on groceries. According to [Read More…]

Fourth of July travel forecast: What you need to know
Craig Hastings/Getty Images (NEW YORK) — With less than one week to go until the Fourth of July holiday weekend, here’s what you need to know before hitting the highway or heading to the airport. [Read More…]

3M agrees to $10.3B settlement over claims it polluted drinking water with ‘forever chemicals’
RapidEye/Getty Images (NEW YORK) — 3M announced Thursday it has agreed to pay $10.3 billion in settlements in response to allegations in polluted water in towns and cities across the United States with toxic chemicals. [Read More…]

Over 7 million Baby Shark bath toys recalled due to risk of injuries to kids
U.S. Consumer Product Safety Commission (NEW YORK) — Over seven million Baby Shark bath toys are being recalled due to a risk of injuries for kids, according to the Consumer Product Safety Commission. The CPSC [Read More…]

Dozens of frozen fruit products sold at Target, Trader Joe’s, Walmart and 3 other retailers recalled
Westend61/Getty Images (NEW YORK) — Frozen fruit products distributed to Walmart, Whole Foods, Trader Joe’s, Target, Aldi and AWG stores in over 30 states have been voluntarily recalled due to possible Listeria monocytogenes contamination. SunOpta [Read More…]