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ABC Business News

USDA approves first-ever ‘cell-cultivated meat’ for two American manufacturers
Pavlo Gonchar/SOPA Images/LightRocket via Getty Images (EMERYVILLE, Calif.) — After years of research and rigorous testing, cell-cultivated meat will officially become part of the U.S. food system. Emeryville, California-based manufacturer UPSIDE Foods, which gave ABC [Read More…]

What to know about OceanGate, the company behind the missing Titanic submersible
JASON REDMOND/AFP via Getty Images (NEW YORK) — Eager to test a submersible one month before its first trip to the deep-sea ruins of the Titanic, in the spring of 2018, OceanGate hit a snag: [Read More…]

Cybersecurity expert on how to protect your family from AI scams
Karl Tapales/Getty Images (NEW YORK) — With the rise of artificial intelligence, more people across the country are falling victim to kidnapping and other scams. A cybersecurity expert spoke to ABC News about ways people [Read More…]

Washington passes California as most expensive state for gas: AAA
Tom Merton/Getty Images (NEW YORK) — Washington state has overtaken California as the state with the highest gasoline prices. The average price of regular gas in Washington is $4.93 a gallon, up 33 cents from [Read More…]

USDA approves first ever ‘cell-cultivated meat’ from UPSIDE Foods
Pavlo Gonchar/SOPA Images/LightRocket via Getty Images (NEW YORK) — After years of research and rigorous testing, cell-cultivated chicken meat will officially be a part of the U.S. food system. Emeryville, California-based manufacturer UPSIDE Foods, which [Read More…]

Good Humor discontinues one of its iconic ice cream bars, toasted almond
Cindy Ord/Getty Images for Good Humor (NEW YORK) — First the Choco Taco, now the Good Humor Toasted Almond Ice Cream Bar?! It’s officially peak ice cream season with summer in full swing, but there [Read More…]

FTC sues Amazon for allegedly tricking millions of users into Prime subscriptions
Nathan Laine/Bloomberg via Getty Images (WASHINGTON) — The Federal Trade Commission sued Amazon on Wednesday for allegedly using deceitful tactics in a years-long effort to trick millions of customers into enrolling in its Prime subscription service, [Read More…]

Federal Reserve ‘very far’ from inflation goal, Fed Chair Jerome Powell says
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve remains “very far” from its target inflation rate and nearly all members of its decision-making committee support at least one additional interest rate hike, Fed Chair Jerome [Read More…]

Amazon Prime Day 2023 is July 11-12: Here’s what we know right now
CHUYN/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. On Wednesday, Amazon announced its Amazon [Read More…]

Johnsonville recalls Beddar with Cheddar pork sausage links
U.S. Department of Agriculture (NEW YORK) — Grabbing a pack of sausages to throw on the grill may feel like a quintessential start-of-summer move, but if you’re a fan of pork and cheddar links from [Read More…]

How one dad retired in his 30s and achieved financial freedom
ABC News (SAN DIEGO) — Michael Quan was just 36 when he retired. Today, the father of two from San Diego is 46 and living a life of his choosing, having achieved his goal of [Read More…]

Prince Harry, Meghan part ways with Spotify
MARTIN BUREAU/AFP via Getty Images (NEW YORK) — Prince Harry and Meghan’s much-heralded deal with Spotify, one of the first deals they announced after leaving their royal roles, has come to an end. Spotify and [Read More…]

‘Huge hassle’: I-95 collapse snarls truckers but wider economic damage uncertain
Douglas Sacha/Getty Images (PHILADELPHIA) — The collapse of a section of Interstate 95 in Philadelphia left Glenn Messinger scrambling to find new routes for 40 trucks that deliver food each day from a warehouse located [Read More…]

US offers to drop some charges for now against Sam Bankman-Fried
Witthaya Prasongsin/Getty Images (NEW YORK) — Federal prosecutors in New York said they would drop several criminal charges, at least for now, against disgraced crypto executive Sam Bankman-Fried if the judge agrees to try him [Read More…]

Starbucks ordered to pay over $25 million to former employee who claimed racial discrimination
JohnFScott/Getty Images (NEW YORK) — A New Jersey jury ruled unanimously in favor of a former Starbucks employee who sued the company for wrongful termination, claiming that she was fired for being white. Shannon Phillips, [Read More…]

USDA to revise meat labeling guidelines for claims like ‘grass-fed’ or ‘free-range’
Grace Cary/Getty Images (NEW YORK) — The seal of approval from the U.S. Department of Agriculture on meat and poultry you see at the grocery store may soon carry more weight thanks to an update [Read More…]

How some of Donald Trump’s business allies are reacting to federal indictment
Bing Guan/Bloomberg via Getty Images (NEW YORK) — The indictment of former President Donald Trump on federal charges last week has elicited outcry from many of his prominent supporters in Washington D.C., who have denounced [Read More…]

Instant Pot, Pyrex maker files for Chapter 11 bankruptcy
RapidEye/Getty Images (NEW YORK) — Instant Brands, the parent company of beloved kitchenware and houseware brands like Pyrex glassware and Instant Pot, has filed for Chapter 11 bankruptcy protection. Earlier this week, Instant Brands announced [Read More…]

Federal Reserve pauses interest rates after 15 months of hikes
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve paused its aggressive series of interest rate hikes on Wednesday, ending a string of 10 consecutive rate increases that stretches back 15 months. Nearly all members of the [Read More…]

Federal Reserve expected to pause monthslong string of rate hikes
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve is expected to pause its aggressive series of interest rate hikes on Wednesday, ending a string of 10 consecutive rate increases that stretches back 15 months. The [Read More…]