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ABC Business News

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…]

Frozen fruit sold at Costco recalled due to possible hepatitis A contamination
Wawona via FDA (NEW YORK) — Wawona Frozen Foods, Inc. has issued a voluntary recall on large bags of frozen fruit that were sold at Costco Wholesale stores in five states. The recall includes year-old, [Read More…]

Reddit communities ‘go dark’ to protest planned platform changes
Carol Yepes/Getty Images (NEW YORK) — Popular Reddit pages, known as “subreddits,” with names like /r/funny, /r/sports, /r/todayilearned and /r/music are currently inaccessible for new posts in a protest over planned changes to the website. [Read More…]

Inflation dropped significantly in May, returning closer to normal levels
Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 4% last month compared to a year ago, dropping more than expected and bolstering hopes that inflation will return to normal levels. The fresh data for [Read More…]

Inflation expected to have slowed in May, returning closer to normal levels
Javier Ghersi/Getty Images (NEW YORK) — Policymakers and consumers on Tuesday will closely watch the release of fresh data on consumer prices, which will show whether inflation has continued its monthslong slowdown. The inflation data [Read More…]

Headed to college? For many, student loan debt remains the only option
jayk7/Getty Images (NEW YORK) — For Haley Reyes, there were two questions looming over her senior year in high school at the Urban Assembly New York Harbor School in Manhattan. First, was whether she’d get [Read More…]

Rise of child labor stokes fight over worker laws
Getty Images/Thinkstock/STOCK (NEW YORK) — Jose Velasquez Castellano said he first worked on a farm when he was 8 years old. At age 13, he began working shifts as long as 12 hours each summer in [Read More…]

How one woman is helping settle school lunch debt, advocating for universal free lunch
Tetra Images/Getty Images (NEW YORK) — Millions of dollars in unpaid school lunch debt have been mounting in districts across the country, and one Virginia mom is on a mission to settle the bill in [Read More…]

‘Nowhere to escape’: Frontline workers contend with wildfire smoke, face repeat of pandemic divide
Matt Leichenger (NEW YORK) — As wildfire smoke bathed New York City in fumes on Wednesday afternoon, UPS driver Matt Leichenger said he suffered a wave of nausea in the back of his truck with [Read More…]

New seat designed to make flying easier for wheelchair users
PriestmanGoode (NEW YORK) — For wheelchair users, taking a trip that involves flying can often be an undignified hassle. A partnership between a consortium and a major airliner is looking to change that. Oftentimes at [Read More…]

Booking a vacation rental? Here’s how to avoid a fake listing
Mikel Taboada/Getty Images (NEW YORK) — Looking for a holiday or vacation rental this summer? Beware the fake listing. It’s a scam that Morgan MacFarlane encountered when she booked an Airbnb room for a trip [Read More…]

‘A train wreck coming’: Americans brace for the return of student loan payments
jayk7/Getty Images (NEW YORK) — Jamilla Vanbuckley would like to buy a home one day. A correctional counselor in New York City, Vanbuckley has been living with her parents and tucking as much money as [Read More…]

Target faces criticism from artists involved with Pride month products over response to boycott: ‘Quick to fold’
Brandon Bell/Getty Images (NEW YORK) — Kennedy Davenport, a drag queen, rejoiced when she learned last year that she would be featured on apparel in the forthcoming Pride collection at Target. “You never imagine opportunities like [Read More…]

CNN Chairman and CEO Chris Licht steps down
Dimitrios Kambouris/Getty Images (NEW YORK) — CNN Chairman and CEO Chris Licht is stepping down, parent company Warner Bros. Discovery said on Wednesday. Over a 13-month tenure, Licht vowed to institute down-the-middle coverage but faced [Read More…]

Over 22K pounds of beef chili recalled over possible contamination
GMVozd/Getty Images (NEW YORK) — Nearly 22,530 pounds of beef chili with beans that was meant to be served in schools has been recalled by the U.S. Department of Agriculture. J.T.M. Provisions Company announced the [Read More…]

Apple CEO Tim Cook says Vision Pro is ‘tomorrow’s engineering, today’: Exclusive
ABC News (NEW YORK) — Apple CEO Tim Cook said in an exclusive interview with ABC News’ Good Morning America on Tuesday that the company’s first-ever spatial computer, the Apple Vision Pro, is the “most [Read More…]

Apple announces mixed reality headset Vision Pro
Philip Pacheco/Bloomberg via Getty Images (SAN FRANCISCO, Calif.) — Apple announced a mixed reality headset called Vision Pro on Monday at its annual developer conference. The headset, which will cost at least $3,499, allows users to [Read More…]

How to thrift like a pro: Tips and tricks on scoring secondhand gems
lechatnoir/Getty Images (NEW YORK) — Thrift shopping is a great way to score trending and vintage looks on a budget. Thrifting has been around for decades but sometimes it can be a challenge to know [Read More…]

‘Thrown in their faces’: Bud Light salespeople say boycott is hurting commission
Bianca Birau / 500px/Getty Images (NEW YORK) — Salespeople promoting Bud Light for a Florida–based distributor have grown accustomed to car horns, middle fingers and jokes amid a weekslong boycott, but say they have struggled [Read More…]

Food, drink, pot under one roof: California state bill could allow for cannabis cafes
Craig Hastings/Getty Images (CALIFORNIA) — California cannabis users may soon not have to travel far to get a cup of coffee to go with their legal pot. The state’s assembly passed a bill Wednesday that [Read More…]