ABC Business News

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…]

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…]

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…]

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/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…]

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…]

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…]

Robert Alexander/Getty Images (WASHINGTON) — Tesla is recalling up to 362,758 cars equipped with its Full Self-Driving Beta software or pending installation over concerns it can increase the risk of a crash, the National Highway [Read More…]

5./15 WEST/Getty Images (LONDON) — Deputy Attorney General Lisa Monaco on Thursday warned against using TikTok, citing data security issues raised about the China-owned app. “I don’t use TikTok and I would not advise anybody [Read More…]

Chip Somodevilla/Getty Images (WASHINGTON) — The U.S. risks defaulting on its debts as early as July unless the borrowing limit is raised, the nonpartisan Congressional Budget Office said in a report on Wednesday. The federal [Read More…]

Matteo Colombo/Getty Images (NEW YORK) — The culture wars, fought nationwide in school board meetings and college classrooms, have entered a new arena: Wall Street. A sharp political divide has emerged over environmental, social and [Read More…]

contrastaddict/Getty Images (NEW YORK) — Tesla plans to open a portion of its U.S. charging network to competing electric vehicle makers, the Biden administration said on Wednesday. The carmaker plans to open about 7,500 charging [Read More…]

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…]

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…]

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…]

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…]

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…]

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…]

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…]

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…]