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ABC Business News

As an Illinois auto factory closes, layoffs and economic worries extend into surrounding city
Scott Olson/Getty (BELVIDERE, Ill.) — Over a thousand automotive workers in Illinois will clock out of a Jeep assembly plant for the last time Tuesday, stopping what a local union president described as the “heartbeat” [Read More…]

Canned shrimp sold at major retailers across four states recalled over health concerns
FDA.gov (NEW YORK) — Prepackaged shrimp that was distributed to retailers across four states has been recalled due to a possible health risk. Kawasho Foods USA Inc. initiatied a voluntary recall of its 4-ounce canned [Read More…]

Airlines are changing thousands of flight schedules: What you need to know
Greg Bajor/Getty Images (NEW YORK) — Airlines around the world are changing flight schedules for thousands of upcoming summer flights. If you’ve already booked a flight for May, June, July or August, there is a [Read More…]

Financial aid startup Frank founder fires back at JP Morgan Chase
Virojt Changyencham/Getty Images (NEW YORK) — JP Morgan Chase faced new accusations from Charlie Javice, the young entrepreneur behind the student financial aid startup Frank, which the bank acquired in a $175 million transaction chief [Read More…]

Pandemic-era food stamp benefits are about to end: What that means for Americans
Noel Hendrickson/Getty Images (NEW YORK) — Deanna Hardy of Marshfield, Wisconsin, is stocking up on pricier food items like meat, eggs and salmon before her family’s monthly food stamp benefits are drastically reduced. “We’re really [Read More…]

The labor market is booming and these jobs are growing the most
Douglas Sacha/Getty Images (NEW YORK) — The job market is booming, despite headline-grabbing layoffs at tech behemoths like Amazon and Google. As illustrated by that contrast in fortunes, however, the hiring surge hasn’t been distributed [Read More…]

Chipotle adds new fajita quesadillas to menu after masses attempt to recreate viral TikTok order
Chipotle (NEW YORK) — A recent viral food trend has not only grabbed the attention of TikTok viewers, it’s landed a spot on the menu at Chipotle Mexican Grill as well. Chipotle announced the new [Read More…]

‘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…]