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ABC Business News
21,000% surge of little-known AMTD Digital is latest meme stock craze, analyst says
James Marshall/Getty Images (NEW YORK) — Wild swings in the share price of a largely unknown Hong Kong-based fintech company in recent days have reminded some analysts and traders of the “meme stock” craze, which [Read More…]
Sensors, 4D imaging, flashing lights: How automakers are trying to prevent hot car deaths
Toyota (NEW YORK) — An average of 38 children die every year in hot cars. Tuesday marked the 14th hot car death in the U.S. this year, a number that is expected to rise as heat [Read More…]
US economy adds 528,000 jobs, far outpacing expectations
Catherine McQueen/Getty Images (WASHINGTON) — The U.S. hiring saw a dramatic increase in July, as the economy added 528,000 jobs and the unemployment rate fell to 3.5%, according to data released by the Bureau of [Read More…]
What to expect from the July jobs report
Catherine McQueen/Getty Images (NEW YORK) — Wall Street will be closely watching the new U.S. employment data on Friday, the latest sign of whether the U.S. economy is entering a recession as the Federal Reserve [Read More…]
Twelve grocery and food savings tips to take with you on your next shopping trip
Oscar Wong/Getty Images (NEW YORK) — Trae Bodge, smart shopping expert, shared her tips for saving on groceries with Good Morning America, to help consumers keep costs down at checkout. Consumer prices on food experienced [Read More…]
Meta cracks down on cyberespionage, warns of ‘perception hacking’ ahead of midterm elections
Jason Alden/Bloomberg via Getty Images, FILE (NEW YORK) — Meta said it is focused on continuing to disrupt emerging cybersecurity threats, including “perception hacking” efforts that could attempt to create unjustified fears about the security [Read More…]
Ivanka, Donald Trump Jr. sit for depositions in civil investigation into real estate valuations
James Devaney/GC Images/Getty Images (NEW YORK) — Two of former President Donald Trump’s grown children have been deposed by the New York Attorney General’s Office as part of its civil investigation into the family real [Read More…]
Refurbished tech 101: How to get the best deals
97/Getty Images (NEW YORK) — As summer break draws to a close, parents are hitting the ground running with back-to-school shopping. Back-to-school essentials traditionally ranged from notebooks and pens to t-shirts and gym socks — [Read More…]
DOT rule would require airlines to issue refunds for domestic flights delayed by 3 hours
Samuel Corum/Bloomberg via Getty Images, FILE (WASHINGTON) — Travelers could soon have more rights if their flight is canceled or delayed, as the Department of Transportation looks to “strengthen” protections for consumers seeking refunds. The [Read More…]
Boeing workers approve contract after averting strike
nycshooter/Getty Images (ST. LOUIS) — Nearly 2,500 Boeing workers at three St. Louis-area facilities on Wednesday accepted a contract offer from the plane manufacturer after calling off a strike planned for earlier this week. In [Read More…]
T.J. Maxx parent company to pay $13 million for selling recalled products
Andrew Harrer/Bloomberg via Getty Images, FILE (NEW YORK) — The parent company of department store chain T.J. Maxx has agreed to pay a $13 million fine for the sale of roughly 1,200 recalled products over [Read More…]
Would you try a mustard doughnut? French’s teams up with Dough to create a tangy confection
French’s (NEW YORK) — It may be hot dog season, but one condiment company made a tangy new twist on the popular yellow spread by turning it into a confection. Ahead of National Mustard Day [Read More…]
FAA seeks feedback on airplane seat sizes
Rob Melnychuk/Getty Images (WASHINGTON) — Airline passengers hoping for a little more leg room or space on plane seats can tell the federal government how they feel for the next 90 days. The Federal Aviation [Read More…]
After calling off strike, 2,500 Boeing workers to vote on contract Wednesday
nycshooter/Getty Images (ST. LOUIS) — Nearly 2,500 Boeing workers at three St. Louis-area facilities will vote Wednesday on a contract offer from the plane manufacturer after calling off a strike planned for earlier this week. [Read More…]
Oatly, Stumptown among the 53 products recalled for potential microbial contamination
Lyons Magnus (NEW YORK) — From oat lattes to plant-based protein drinks, a new recall has had a sweeping impact on more than 50 nutrition drink products distributed across the country. Lyons Magnus LLC has [Read More…]
Why the stock market rallied in July and what comes next, according to experts
Matteo Colombo/Getty Images (NEW YORK) — After a near-historic decline over the first half of the year, the S&P 500 — a popular index to which many 401(k) accounts are pegged — bounced back in [Read More…]
Apple, GE, other major US companies ask Supreme Court to uphold affirmative action
Rudy Sulgan/Getty Images (WASHINGTON) — More than 60 major American companies that employ tens of thousands of U.S. workers are asking the Supreme Court to uphold the use of race as a factor in college [Read More…]
Mega Millions confirms one winning ticket sold in Illinois in historic $1.34 billion drawing
youngvet/Getty Images, FILE (NEW YORK) — One sole winning jackpot ticket was sold in a Speedway convenience store in Des Plaines, Illinois, in a historic $1.34 billion drawing, according to Mega Millions. One ticket matched all [Read More…]
Airlines look to attract more diverse pilots amid shortage
Jaromir Chalabala/EyeEm/Getty Images/Stock (NEW YORK) — For decades, the aviation industry has carried the reputation of being overtly male and white. At least 95% of the roughly 158,000 pilots employed in the United States are men, [Read More…]
What the potential JetBlue and Spirit merger could mean for consumers
Robert Nickelsberg/Getty Images (NEW YORK) — As JetBlue prepares to begin its takeover of Spirit Airlines in a $3.8 billion deal, many are left wondering what the future holds for both airlines and their loyal [Read More…]