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ABC Business News
Whistleblower alleges Twitter deceived regulators on security and spam, Twitter says it’s a ‘false narrative’
Onur Dogman/SOPA Images/LightRocket via Getty Images (NEW YORK) — Former Twitter head of security, Peiter Zatko, alleged in a whistleblower federal complaint last month that the social media giant had numerous wide-ranging information security system [Read More…]
Fall flight cuts reflect new normal for passengers
Lu ShaoJi/Getty Images (NEW YORK) — As airlines announce cutting hundreds of flights a day in the fall, industry experts warn ABC News that this situation will become the new normal as air travel demand [Read More…]
What the Tesla stock split means and why it matters
shaunl/Getty Images (NEW YORK) — Tesla will split its stock on Wednesday, joining giant firms like Amazon and Alphabet, the parent company of Google, which have chopped up shares this year as a means of [Read More…]
Companies increasingly using politics in marketing, but there are risks: Experts
Paul Chesne/Michael Ochs Archives/Getty Images (NEW YORK) — On a given morning, a conservative might grab an espresso from Black Rifle Coffee, which describes itself as “anti-hipster”; open up the soon-to-launch dating app, “Right Stuff,” [Read More…]
Ford cutting 3,000 jobs in US, Canada, India as it leans into the electric vehicle market
Florian Gaertner/Photothek via Getty Images (DETROIT) — Ford plans to cut 3,000 jobs across the U.S., Canada and India, the automaker said in a letter to employees on Monday, describing the reductions as part of [Read More…]
Elon Musk says Tesla is raising price of ‘Full Self-Driving’ software to $15,000
JOHN THYS/AFP via Getty Images (NEW YORK) — Tesla is raising the price of its “Full Self Driving” software to $15,000, Elon Musk said in a tweet on Sunday. Tesla is facing scrutiny from federal [Read More…]
Coffee prices expected to rise after drought, frost impact plantations in Brazil
Busakorn Pongparnit/Getty Images (NEW YORK) — Extreme weather conditions have impacted coffee crops in some of the top-producing countries, which could mean higher prices for your morning cup of coffee. According to a report in [Read More…]
Electric vehicles are coming fast and furious. Here’s how the new models stack up
Kia (NEW YORK) — Buying an electric vehicle for the first time may be harder than ever these days. The choices are no longer Tesla, Tesla, Tesla. There are pickup trucks, SUVs, crossovers, sedans, sports [Read More…]
Wayfair cuts 5% of global workforce as sales slump
David L. Ryan/Getty Images (BOSTON) — Online home goods retailer Wayfair is laying off nearly 900 workers worldwide, which amounts to 5% of the company’s workforce, the company said in a memo to employees on [Read More…]
Why Walmart entered the streaming wars
patty_c/Getty Images (BENTONVILLE, Ark.) — Walmart, the Arkansas-based retail giant known more for value than flare, made a splash in Hollywood this week upon the announcement of a deal with streaming service Paramount+. The retailer [Read More…]
Abortion bans may lead to economic costs for states
Erin Hooley/Chicago Tribune/Tribune News Service via Getty Images (NEW YORK) — The Supreme Court’s decision to overturn Roe v. Wade and allow states to decide their own stances on abortion access has led 16 states [Read More…]
Restaurant owners face challenges to balance rising costs, keep customers happy
Thomas Barwick/Getty Images (NEW YORK) — Award-winning restaurateur Michael Scelfo has run kitchens post-9/11 and through the 2008 economic downturn, but he said the COVID-19 pandemic and soaring inflation have brought on prolonged issues businesses [Read More…]
Newer cars shrink gender disparity in car crash fatalities: Officials
STOCK PHOTO/Getty Images (WASHINGTON) — The newer the car, the safer it is for women drivers, the National Highway Traffic Safety Administration said in a new report Tuesday. While the NHTSA’s earlier report, published in [Read More…]
Airfare will jump 20% this Labor Day, experts say
Images by Tang Ming Tung/Getty Images (WASHINGTON) — Air travel fares may be starting to drop from their summer highs, but customers could pay the price to see family and take long-awaited vacations in the [Read More…]
Industry group says most EVs will no longer qualify for federal tax credits
Paul Bersebach/MediaNews Group/Orange County Register via Getty Images (WASHINGTON) — Car buyers hoping to get a tax credit from the government for an electric vehicle after President Joe Biden signs the Inflation Reduction Act into [Read More…]
Longtime Trump Organization CFO expected to plead guilty to tax charges, say sources
Marilyn Nieves/Getty Images (NEW YORK) — The Trump Organization’s longtime chief financial officer, Allen Weisselberg, is expected to plead guilty to tax charges as soon as this week, sources familiar with the matter told ABC [Read More…]
Home Run Inn frozen pizza recalled over potential contamination
USDA (WASHINGTON) — A frozen food manufacturer issued a recall Sunday for more than 13,000 pounds of frozen meat pizza over possible contamination, the U.S. Department of Agriculture’s Food Safety and Inspection Service said. Home [Read More…]
Thousands of Capri Sun cases recalled over potential cleaning solution contamination
Kraft Heinz (NEW YORK) — As children are heading back to school this month, Kraft Heinz announced a recall on Friday of more than 5,000 cases of Capri Sun due to a possible contamination. This [Read More…]
More than 2 million infant rockers and swings recalled due to entanglement and strangulation hazards
Amanda Maile via GMA (NEW YORK) — More than 2 million infant rockers and swings have been recalled due to entanglement and strangulation hazards, leading to at least one death. The Consumer Product Safety Commission [Read More…]
Burned-out employees are ‘quiet quitting’ their jobs: What to know about the trend
boonchai wedmakawand/Getty Images (NEW YORK) — When Paige West decided to scale back the amount of effort she was putting into her corporate job, she joined a growing workplace trend known as “quiet quitting.” “When [Read More…]