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ABC Business News
Has inflation finally peaked? Economists divided on extent of recent relief
Javier Ghersi/Getty Images (NEW YORK) — Lower-than-expected inflation rates last week sent the S&P 500 soaring to its highest level in three months, reflecting optimism that price increases have peaked as businesses and consumers seek [Read More…]
Abortion clinics in embattled states face another challenge: Money
Shelby Tauber/Bloomberg via Getty Images (NEW YORK) — When Katie Quinonez, the executive director of an abortion clinic in West Virginia, saw the Supreme Court decision that overturned the federal guarantee of the right to [Read More…]
Cinnamon Toast Crunch gets a spicy twist
Cinnamon Toast Crunch (NEW YORK) — Ever wondered what cereal would taste like if it was spicy? Thanks to Cinnamon Toast Crunch you don’t have to wonder any more. The classic cereal brand is giving [Read More…]
Popular Always Pan gets a mini version
Our Place (NEW YORK) — What’s better than The Always Pan? A Mini Always Pan! After much demand from consumers, Our Place has introduced a smaller version of their Always Pan and Perfect Pot. “We [Read More…]
Gas prices fall below $4 for first time since March
Michael Godek/Getty Images (NEW YORK) — The national average price for a gallon of gas fell below $4 on Thursday for the first time since early March, according to AAA data. The milestone was reached [Read More…]
Inflation hits these products the most and these the least: EXPLAINER
Noel Hendrickson/Getty Images (NEW YORK) — Price hikes have battered the U.S. economy for months, straining household budgets and prompting an aggressive series of rate hikes from the Federal Reserve. Inflation has sent prices sky [Read More…]
FAA gets more than 57,000 applicants for air traffic control jobs
JazzIRT/Getty Images (NEW YORK) — As the Federal Aviation Administration (FAA) continues to deal with staffing issues on a nearly daily basis, the agency says it has received 57,956 applications for this year’s 1,500 open [Read More…]
Labor Day sales to watch: Here’s what to know
CatLane/Getty Images (NEW YORK) — Labor Day may be summer’s last “hoorah” — it’s also a great time to score some blowout deals. Historically, Labor Day is known for deals on clearance summer apparel and [Read More…]
July inflation holds steady as food and shelter costs rise
STOCK PHOTO/Getty Images (WASHINGTON) — Inflation in July held steady even as the costs of housing and food rose, according to findings by the Bureau of Labor Statistics released Wednesday. The Bureau of Labor Statistics [Read More…]
Inflation slows significantly as gas prices drop in July
Tetra Images/Getty Images (NEW YORK) — Inflation data released on Wednesday revealed that price increases slowed in July, easing the strain on household budgets as the Federal Reserve fights inflation with a series of borrowing [Read More…]
Sesame Place to implement diversity initiatives after racial bias incident
Dania Maxwell / Los Angeles Times via Getty Images, FILE (LANGHORNE, Pa.) — Following a barrage of online allegations of racial bias and one $25 million class action lawsuit, Sesame Place has announced initiatives to [Read More…]
Explainer: Why is inflation so high and what happened last time it reached this level?
Javier Ghersi/Getty Images (NEW YORK) — Inflation continues to be the top economic concern for most Americans. In July, the consumer price index rose 8.5% compared with the same month a year prior. While still [Read More…]
Inflation slows significantly as prices rise 8.5% in July behind decrease in gas prices
Tetra Images/Getty Images (NEW YORK) — Inflation data released on Wednesday revealed that price increases slowed in July, easing the strain on household budgets as the Federal Reserve fights inflation with a series of borrowing [Read More…]
July inflation data to show latest on sky-high prices
Tetra Images/Getty Images (NEW YORK) — Inflation data set for release Wednesday will show whether sky-high price increases accelerated or waned in July. The new data arrives as costs strain household budgets, and the Federal [Read More…]
Airfare to drop 40% in the fall: Hopper
Craig Hastings/Getty Images (NEW YORK) — Travelers facing surging summer prices can expect good news as domestic airfare is expected to drop by nearly 40% in the coming fall months, according to data from the [Read More…]
Biden signs CHIPS Act, intended to relieve the pandemic-era computer chip shortage
Official White House Photo by Adam Schultz (WASHINGTON) — President Joe Biden on Tuesday signed a multibillion-dollar bill to boost domestic computer chip manufacturing and more, touting the bipartisan package as “a once-in-a-generation investment in [Read More…]
Parents file lawsuit against e-bike company after daughter’s death
ABC News (LOS ANGELES) — The parents of a 12-year-old California girl who died last year after an accident involving an electric bike, or e-bike, say they want to see change. Kaye and Jonathan Steinsapir, [Read More…]
US consumers may suffer from Pelosi’s Taiwan trip: Experts
Taiwanese Foreign Ministry/Handout/Anadolu Agency via Getty Images (WASHINGTON) — When Speaker of the House Nancy Pelosi arrived in Taiwan last week, the world braced for China’s response. Within hours of her departure, China began military [Read More…]
Snapchat safety features for parents announced
stockcam/Getty Images (NEW YORK) — Snapchat announced a new in-app family center on Tuesday, which is designed to start conversations between parents and minors about safer social media usage. In the new family center, parents [Read More…]
Mattel brings back its nostalgic Barbie Totally Hair doll
Mattel (NEW YORK) — Mattel has brought back one of its most iconic dolls: Barbie Totally Hair. Since initially debuting 30 years ago, the toymaker has released an updated version of the ’90s doll. The [Read More…]