ABC Business News

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…]

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…]

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…]

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…]

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…]

Brandon Bell/Getty Images (NEW YORK) — Many baby formula milk companies allegedly exploit parents’ emotions and “manipulate” scientific data to boost sales, according to a major new analysis published in The Lancet. The analysis, led [Read More…]

Anna Moneymaker/Getty Images (WASHINGTON) — President Joe Biden on Tuesday is expected to tout the nation’s economic health in his State of the Union Address, just days after a blockbuster jobs report showed a strong [Read More…]

Liu Jie/Xinhua via Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank’s fight against inflation has “a long way to go,” citing a blockbuster jobs report last week that [Read More…]

Joshua Derr/Getty Images (NEW YORK) — The Queen of Salsa and Cuban icon Celia Cruz has been selected to appear on the U.S. quarter. Cruz, who died in 2003, was selected by the United States [Read More…]

IronHeart/Getty Images (NEW YORK) — A major set of changes to the rules for retirement finances took effect this year, but many people may not have noticed. The rules were buried within a 4,000-page long, [Read More…]

Fuse/Getty Images (NEW YORK) — AMC Theatres announced a new ticket pricing initiative Monday that has customers paying based on where their seat is located. The initiative, called Sightline at AMC, is described by the [Read More…]

Jakub Porzycki/NurPhoto via Getty Images (MOUNTAIN VIEW, Calif.) — If you ever needed artificial intelligence’s help to plan a friend’s baby shower, your time has come, as Google officially unveiled an AI program it’s calling Bard, [Read More…]

Gary Hershorn/Getty Images (NEW YORK) — United Airlines is facing a possible $1.15 million fine after allegedly conducting flights with planes that hadn’t undergone a certain safety check, federal regulators said, though United called the [Read More…]

ABC News (NEW YORK) — Treasury Secretary Janet Yellen rejected recession fears in an interview with ABC News’ Good Morning America on Monday, saying the economy remains “strong and resilient.” A blockbuster jobs report last [Read More…]

Namthip Muanthongthae/Getty Images (NEW YORK) — FTX’s new chief executive told a bankruptcy court Monday there is “a danger” to authorizing an independent investigation of the crypto exchange’s collapse. John Ray said he had no [Read More…]

Carol Yepes/Getty Images (NEW YORK) — The job market is booming despite high-profile layoffs at companies like Amazon, Microsoft, Twitter and Goldman Sachs. The economy added a staggering 517,000 jobs in January, more than double [Read More…]

Douglas Sacha/Getty Images (WASHINGTON) — U.S. employers added 517,000 jobs to their payrolls in January, the latest figures released Friday by the Labor Department show. The number of jobs added far exceeded what economists had [Read More…]

Tetra Images/Getty Images (NEW YORK) — When Karissa Warren lost her job as a kitchen manager in December, she worried about how she and her husband would continue to pay off over $10,000 in credit [Read More…]

ABC News (NEW YORK) — Nearly two years ago in June 2021, mom Fran Humphreys got a phone call at work that no parent wants to receive. “I was called at work and came home [Read More…]

5./15 WEST/Getty Images (WASHINGTON) — The push on Capitol Hill to rein in China-owned social media network TikTok has set its sights on tech giants Apple and Google. Sen. Michael Bennet, D-CO, sent a letter [Read More…]