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ABC Business News
Nearly 70,000 people have reported ‘romance scam,’ with losses topping $1.3B last year: FTC
Karl Tapales/Getty Images (NEW YORK) — Romance scammers raked in big bucks in 2022, deceiving almost 70,000 people out of $1.3 billion, according to a new report from the Federal Trade Commission. According to the [Read More…]
Lent food specials hit menus at popular restaurant chains
Popeyes (NEW YORK) — As the Easter season nears, with Ash Wednesday on Feb. 22, fast-casual restaurant chains have released specialty seafood-forward menu items ideal for practicing Christians during Lent. For those unfamiliar, Lent is [Read More…]
New lawsuit claims Olaplex hair products left some customers with bald spots, damaged hair
David Williams/Bloomberg via Getty Images (NEW YORK) — After a summer in the sun, Jessica Auriana said she felt like her hair was left dry and brittle. Looking for a refresh, the 44-year-old said she [Read More…]
Inflation continued to cool in January
Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 6.4% last month compared to a year ago, continuing a months-long slowdown of price increases despite blockbuster job growth that revealed an economy running hotter than [Read More…]
Inflation data to show if prices eased amid hot jobs market
Javier Ghersi/Getty Images (NEW YORK) — Inflation data set for release on Tuesday will show whether the U.S. continued a months-long streak of easing price increases despite blockbuster job growth last month that revealed an [Read More…]
Is AI coming for your job? ChatGPT renews fears
Silas Stein/picture alliance via Getty Images (NEW YORK) — Robots holding platters of plantains and shrimp zoom between tables at Sergio’s, a Cuban restaurant in Miami, where the waist-high machines use artificial intelligence to evade [Read More…]
How your old cellphones and laptops can power new electric vehicles
Redwood Materials (NEW YORK) — That old laptop, cellphone and TV remote may have a newfound purpose: powering the next generation of electric vehicles. Luxury brand Audi recently partnered with Redwood Materials, a battery recycling [Read More…]
Dunkin’ airs first ever Super Bowl ad, starring Ben Affleck and Jennifer Lopez
LordRunar/Getty Images (NEW YORK) — Outside his packed resume of movie and television credits, Ben Affleck has become famous in meme form with his hands full of Dunkin’ iced coffee, doughnuts and more. The Quincy, [Read More…]
Super Bowl 2023 commercials that aired during the big game
Jeffrey Grigsby / EyeEm/Getty Images (NEW YORK) — Some people watched Super Bowl LVII for the big game, while others watched for the halftime show when superstar Rihanna made her long-awaited return to music and, [Read More…]
New consumer warning on strollers due to entrapment risk, one death reported
CPSC (NEW YORK) — The U.S. Consumer Product Safety Commission (CPSC) is warning consumers about possible entrapment hazards in Baby Trend Sit N’ Stand Double and Ultra strollers after one death was reported. The agency [Read More…]
Dunkin’ to air first ever Super Bowl ad, fans suspect Ben Affleck is the star
LordRunar/Getty Images (NEW YORK) — Outside his packed resume of movie and television credits, Ben Affleck has become famous in meme form with his hands full of Dunkin’ iced coffee, doughnuts and more. In recent [Read More…]
Texas AG launches probe of Home Title Lock ads tied to Rudy Giuliani, other right-wing personalities
ABC News (NEW YORK) — Authorities in Texas have launched an investigation into the marketing claims of the anti-fraud service Home Title Lock, looking to determine whether the California-based company that’s been promoted by Rudy [Read More…]
Yahoo to lay off 20% of its workforce by the end of the year
maybefalse/Getty Images (NEW YORK) — Yahoo will lay off 20% of its workforce by the end of the year, including 1,000 employees this week, the company announced Thursday. The cuts are focused on the company’s [Read More…]
Twitter suffers major outage, prompting emergency fix and apology
Karl Tapales/Getty Images (NEW YORK) — Twitter suffered a user outage on Wednesday that lasted for hours and required an emergency fix, prompting an apology from the company and marking one of the first major [Read More…]
“It’s a mess’: Messages to Southwest pilots show meltdown unfolding
martin-dm/Getty Images (NEW YORK) — Southwest Airlines Chief Operating Officer Andrew Watterson faced lawmakers Thursday in a highly-anticipated Senate Commerce Committee hearing to answer for the airline’s historic holiday meltdown. “Let me be clear: we [Read More…]
Super Bowl 2023 commercials to watch for during the big game
Jeffrey Grigsby / EyeEm/Getty Images (NEW YORK) — Some people are watching Super Bowl LVII for the big game, while others are watching for the halftime show when superstar Rihanna will make her long-awaited return [Read More…]
Nearly five million Fabuloso cleaning products recalled due to bacteria risk
Consumer Product Safety Commission (NEW YORK) — A number of popular Fabuloso cleaning products were recalled Wednesday by the Colgate-Palmolive Company due to risk of bacteria contamination, according to the Consumer Product Safety Commission. About [Read More…]
Disney to eliminate 7,000 jobs, CEO Bob Iger says
Michael Kovac/Getty Images for AFI (BURBANK, Calif.) — Disney is set to eliminate 7,000 jobs, CEO Bob Iger said on the company’s earnings call on Wednesday. The company is targeting a total of $5.5 billion [Read More…]
Disney to lay off 7,000 workers, CEO Bob Iger says
Michael Kovac/Getty Images for AFI (BURBANK, Calif.) — Disney is set to lay off 7,000 workers, CEO Bob Iger said on the company’s earnings call on Wednesday. The company is targeting a total of $5.5 billion [Read More…]
Biden proposes higher taxes for the rich. Here’s how they work.
Anna Moneymaker/Getty Images (WASHINGTON) — President Joe Biden on Tuesday touted the nation’s economic health in his State of the Union Address, just days after a blockbuster jobs report showed a strong labor market has coincided [Read More…]