ABC Business News

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…]

USDA (NEW YORK) — Conagra Brands is recalling over 2.5 million pounds of canned meat and poultry after a packaging defect that might cause contamination was found, the U.S. Department of Agriculture’s Food Safety and [Read More…]

Peerapon Boonyakiat/SOPA Images/LightRocket via Getty Images (NEW YORK) — Depending on where they live, owners of certain Hyundai and Kia models may have a hard time insuring their vehicles due to the cars’ high incidence [Read More…]

Darren Staples/Bloomberg via Getty Images (NEW YORK) — The U.S. Department of Labor on Wednesday announced new citations at three more Amazon warehouses — in Aurora, Colorado; Nampa, Idaho; and Castleton, New York -. for [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.25%, the central bank’s second consecutive decision to slow rate increases while extending an effort to cool the [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve is set to announce on Wednesday whether it will impose another interest rate hike, the central bank’s latest move in a months-long fight that has eased inflation [Read More…]

PK-Photos/Getty Images (NEW YORK) — Two travelers claim United Airlines lost their wheelchairs after taking a flight with the carrier earlier this week. Karah Behrend and Ryan Major were returning from a wheelchair rugby tournament [Read More…]

Krispy Kreme (NEW YORK) — Valentine’s Day celebrations just got sweeter with four new doughnuts at Krispy Kreme. The new heart-shaped doughnuts, which hit menus Tuesday, are made with real Hershey’s milk chocolate and Hershey’s [Read More…]

Courtesy of Nike, Tiffany & Co. (NEW YORK) — The moment many sneaker fans have been patiently waiting for has arrived. Nike and Tiffany & Co. have partnered to create a “Legendary Pair” of the [Read More…]

ABC News (NEW YORK) — Sam Bankman-Fried’s bond guarantors should be named publicly, a federal judge ruled Monday after news organizations objected to the names being redacted. Bankman-Fried was released on a $250 million personal [Read More…]

RapidEye/Getty Images (NEW YORK) — Johnson & Johnson cannot use bankruptcy court to resolve civil lawsuits that claim its iconic baby powder caused cancer, a federal appeals court ruled Monday. The opinion foiled Johnson & [Read More…]

USDA (NEW YORK) — Before you start on that charcuterie board, check your meats to ensure they’re safe to consume. Over 50,000 pounds of ready-to-eat sausage products were recalled Sunday due to possible listeria contamination, [Read More…]

dowell/Getty Images (NEW YORK) — Layoffs have battered the tech industry in 2023, carrying over a series of job cuts that began last year. In all, about 50,000 people have lost their positions this month. [Read More…]

Marko Geber/Getty Images (NEW YORK) — The term “quiet quitting” went viral last year, describing people who stay in their jobs but mentally take a step back — for example, working the bare minimum and [Read More…]