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ABC Business News
‘Bare minimum Monday’ marks latest quiet quitting trend
Helen King/Getty Images (NEW YORK) — Buzzy catchphrases like “Quiet Quitting” and “Great Resignation” have captured frustration among some employees as the pandemic has upended their workplace routines and called into question work as a [Read More…]
Electric vehicle drivers get candid about charging: ‘Logistical nightmare’
Courtesy of Jared Rosenholtz (NEW YORK) — YouTube personality Steve Hammes leased a Hyundai Kona Electric sport utility vehicle for his 17-year-old daughter Maddie for three reasons: it was affordable, practical and allowed Maddie to [Read More…]
One year later: How the war in Ukraine is affecting food supplies, prices around the world
Noel Hendrickson/Getty Images (NEW YORK) — To call Ukraine home is to embody the love of food and sharing it with others — a tradition the country has historically embodied in the role it plays [Read More…]
Massachusetts man charged after hiding cryptocurrency mining rig in school crawl space
The Cohasset Police Department demonstrates the equipment used to mine cryptocurrency in the crawl space. — Cohasset Police Department (COHASSET, Mass.) — A small Massachusetts town enlisted the help of the Department of Homeland Security [Read More…]
European Commission bans TikTok from employees’ phones, citing cybersecurity threat
5./15 WEST/Getty Images (NEW YORK) — European Commission employees will have to remove TikTok from their work phones for security reasons, the European Union’s executive body said Thursday. The Commission said in a statement that [Read More…]
2 million air fryers recalled due to fire and burn hazards
US CPSC (NEW YORK) — Two million Cosori Air Fryers have been recalled due to fire and burn hazards, the U.S. Consumer Product Safety and Commission announced in a press release Thursday. About 250,000 air [Read More…]
FTX founder Sam Bankman-Fried faces four new charges
ABC News (NEW YORK) — Disgraced FTX founder Sam Bankman-Fried faces four additional criminal charges of conspiracy contained in a superseding indictment unsealed Thursday. The new charges include conspiracy to commit bank fraud and conspiracy [Read More…]
One year in, how pro-Russia online campaigns evolved
Westend61/Getty Images (NEW YORK) — One year into the full-scale invasion of Ukraine by Russia, a new report by the social media company Meta details the evolution of pro-Russian influence campaigns online. The report describes [Read More…]
Majority of companies, employees say they want to keep 4-day workweek after trying it, study finds
Helen King/Getty Images (NEW YORK) — A pilot program that involved nearly 3,000 employees testing out a four-day workweek is giving new hope to those seeking to change the way people work. Over 90% of [Read More…]
What to know about Microsoft’s controversial Bing AI chatbot
Carol Yepes/Getty Images (NEW YORK) — Microsoft search engine Bing, long overshadowed by Google but newly enhanced with artificial intelligence for some users, can suggest recipes for a multi-course meal or disentangle the nuances of [Read More…]
Three new Reese’s doughnuts debut at Krispy Kreme
Krispy Kreme (NEW YORK) — Reese’s fans know and love the sweet and salty flavors of a chocolate peanut butter cup, and now the candy is being added to another delicious confection: Krispy Kreme doughnuts. [Read More…]
Plant-based baby formula recalled over possible contamination
FDA (NEW YORK) — Reckitt, a British consumer goods company, said it would recall two batches of plant-based infant formula they produce due to “a possibility of cross-contamination with Cronobacter sakazakii.” The product, ProSobee Simply [Read More…]
Meta announces verification subscription service for Facebook and Instagram users
Chesnot/Getty Images (NEW YORK) — Meta, the parent company of Facebook and Instagram, announced a new paid subscription for its platforms on Sunday, which, among other features, would allow users to pay for a verified [Read More…]
Abbott under investigation by SEC and FTC for infant formula business
Tayfun Coskun/Anadolu Agency via Getty Images (NEW YORK) — Abbott is being investigated by the Securities and Exchange Commission, as well as the Federal Trade Commission, in relation to their infant formula business, the company [Read More…]
Controversial firings follow Tesla union launch. Will the organizing effort win?
Justin Sullivan/Getty Images (NEW YORK) — When a group of Tesla workers at a factory in Buffalo launched a union organizing effort this week, it thrust employees into a high-profile standoff with a company led by [Read More…]
US credit card debt now totals nearly $1 trillion
Adam Gault/Getty Images (NEW YORK) — U.S. consumer credit card debt has jumped to nearly $1 trillion, the Federal Reserve Bank of New York said on Thursday. Credit card balances increased more than $60 billion [Read More…]
Difficult growing season in Florida plagues price of orange juice
Yulia Naumenko/Getty Images (NEW YORK) — Oranges are synonymous with Florida, but between extreme weather and widespread citrus disease in the sunshine state, the fruit has failed to produce the same yield as years past, [Read More…]
Starbucks Vanilla Frappuccino bottles recalled due to some drinks possibly containing glass
Starbucks/Amazon (NEW YORK) — PepsiCo, which releases bottled Starbucks coffee drinks, has announced a recall for one of its products. Select lots of 13.7-ounce glass bottled Starbucks Frappuccino Vanilla drinks have been voluntarily recalled, a [Read More…]
The prices of these products have dropped, defying high inflation
Mario Tama/Getty Images (NEW YORK) — Inflation has eased in recent months but remains sky-high, especially for some household items like eggs and flour. Price hikes for other products, however, have not only slowed but [Read More…]
Judge raises possibility of revoking Sam Bankman-Fried’s bail over possible witness tampering
Stephanie Keith/Bloomberg via Getty Images (NEW YORK) — A federal judge in New York on Thursday raised the possibility of revoking bail and remanding Sam Bankman-Fried into custody for possible witness tampering but opted to [Read More…]