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ABC Business News
A Hollywood writers’ strike looms: What to know
A scene from “Abbott Elementary.” — Scott Everett White/ABC (LOS ANGELES) — Hollywood writers are calling on the studios to show them the money. Thousands of television and movie writers voted overwhelmingly to authorize a [Read More…]
McDonald’s announces changes to classic menu items
ermingut/Getty Images (NEW YORK) — McDonald’s burgers have been an American classic since 1955. Now, the iconic fast food chain is planning some changes, including how they cook their quintessential burgers. For their signature Big [Read More…]
Classified documents leak on social media sparks debate over government monitoring
Carol Yepes/Getty Images (NEW YORK) — The leak of dozens of highly classified documents on the social media platform Discord has elicited concern over online spaces where users can post sensitive government material without notice [Read More…]
Here’s what we know right now about Amazon Prime Day 2023
stockcam/Getty Images (NEW YORK) — Are you gearing up for one of the biggest shopping events of the year? Here’s what we know about Amazon Prime Day right now. Though the company has not made [Read More…]
David’s Bridal announces massive layoffs ahead of wedding season, files for bankruptcy
Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images (NEW YORK) — David’s Bridal has filed for bankruptcy and announced massive layoffs just weeks before wedding season. One of the country’s largest bridal retailers, the company [Read More…]
McCarthy tells Wall Street House GOP will vote on debt ceiling increase with spending cuts
Timothy A. Clary/AFP via Getty Images (NEW YORK) — Speaking at the New York Stock Exchange on Monday, House Speaker Kevin McCarthy said the House will vote in “the coming weeks” on legislation to raise [Read More…]
Biden administration announces new EV investments, including from Uber, Zipcar
Official White House Photo by Adam Schultz (WASHINGTON) — The Biden administration on Monday plans to announce a new round public and private commitments aimed at accelerating electric vehicle use throughout United States. The commitments [Read More…]
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…]