ABC Business News

Guido Mieth/Getty Images (NEW YORK) — Dorel Juvenile Group announced a voluntary recall of 59,450 rear-facing infant car seats due to concerns over the seat anchoring system that “fails to conform” to safety standards for [Read More…]

Epoch Everlasting Play via CPSC (NEW YORK) — The maker behind the popular Calico Critter toys said Thursday that it is recalling millions of toys with parts that may pose a choking hazard for children. [Read More…]

Gavin John/Bloomberg via Getty Images (WASHINGTON) — Oil spills along the Keystone pipeline that runs from Canada to Texas have become more frequent and severe, prompting stricter regulations for a 1,200-mile stretch of the pipeline, [Read More…]

Witthaya Prasongsin/Getty Images (NEW YORK) — When Pat Clynes pushed down the gas pedal on his Ford Explorer during a drive in Houston, Texas, in July 2022, an otherwise routine day became the start of [Read More…]

Getty Images/d3sign (NEW YORK) — The Biden administration is moving to implement a new national security strategy focused on stopping hackers, as buzz around artificial intelligence tools raises concern among some experts that criminals may [Read More…]

Anadolu Agency via Getty Images (NEW YORK) — Locked out of his work computer for more than a week, a two-year Twitter employee didn’t know whether he’d been laid off. So he asked CEO Elon [Read More…]

Maskot/Getty Images (NEW YORK) — For nearly four years, Arizona realtor Courtney Van Cott has been consumed by a legal battle involving a noncompete agreement. “You just have this cloud over you every single day,” [Read More…]

Hershey’s (NEW YORK) — Chocolate lovers who can’t eat dairy are now in luck when it comes to two beloved milk chocolate treats from Hershey’s. As more people trend toward plant-based snacks, Hershey’s launched two [Read More…]

lechatnoir/Getty Images (WASHINGTON) — The U.S. Department of Transportation introduced a new online tool for airline customers on Monday — a dashboard that aims to cut down on and ultimately eliminate extra fees families often [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell on Tuesday warned of potentially devastating consequences of a U.S. debt default and called on Congress to raise the debt ceiling. Speaking to the Senate [Read More…]

Bloomberg via Getty Images, FILE (WASHINGTON) — The Justice Department on Tuesday filed a lawsuit to stop the proposed merger between JetBlue and Spirit Airlines. The $3.8 billion merger would create the nation’s fifth largest [Read More…]

Zbigniew Bzdak/Chicago Tribune/Tribune News Service via Getty Images (NEW YORK) — Electric carmaker Tesla slashed the prices of its two most expensive cars in the U.S., the automaker’s website showed on Monday. The price cuts [Read More…]

Samyukta Lakshmi/Bloomberg via Getty Images (NEW YORK) — Anna Gifty Opoku-Agyeman, a graduate student studying economics and public policy at Harvard Kennedy School, who is Black, said she never would have entered the field if she [Read More…]

Olivier Douliery/AFP via Getty Images (NEW YORK) — Amazon has paused construction on its second headquarters in Virginia, known as “HQ2,” the company said Friday. The first phase of the HQ2 campus, called Met Park, [Read More…]

Anton Petrus/Getty Images (NEW YORK) — Growing recession alarm at the outset of this year warned of a coming business slowdown and significant job losses — until a government report last month showed that unemployment [Read More…]

The Good Brigade/Getty Images (NEW YORK) — Social media platform TikTok will set a default 60-minute screen time limit for users below age 18, the company announced on Wednesday. When the one-hour limit expires, young [Read More…]

Caíque de Abreu/Getty Images (NEW YORK) — Eli Lilly will cut the price of its most commonly prescribed insulin products by 70% and expand a program that caps patient costs at $35 per month, the [Read More…]

Kinga Krzeminska/Getty Images (NEW YORK) — When Alyn Carroll received information that her Supplemental Nutrition Assistance Program (SNAP) will soon be substantially decreased, her emotions almost overtook her. “I wanted to cry,” Carroll, 56, told [Read More…]

Dan Kitwood/Getty Images (WASHINGTON) — The backlash against China-owned TikTok in the U.S. and other Western countries escalated in recent days, as some U.S lawmakers pushed to give President Joe Biden the authority to impose [Read More…]

Beata Zawrzel/NurPhoto via Getty Images (NEW YORK) — Nishad Singh, former director of engineering at FTX, the bankrupt cryptocurrency exchange founded by Sam Bankman-Fried, agreed Tuesday to plead guilty to criminal charges, according to his lawyers [Read More…]