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ABC Business News
Inflation surges to 40-year high as food prices spike from groceries to takeout
Javier Ghersi/Getty Images (NEW YORK) — Inflation is at its highest point in nearly 40 years and the cost of food has steadily climbed month over month across multiple categories from groceries to takeout. The [Read More…]
Environmentally friendly food brands to add to your pantry year-round
Westbourne (NEW YORK) — From snacks and condiments to drinks, more consumer product goods have leaned into environmentally responsible practices. As food businesses continue to adapt to the times, it’s easier than ever for shoppers [Read More…]
Biden blames ‘Putin’s price hike,’ says gas prices shouldn’t depend on his committing ‘genocide’
MANDEL NGAN/AFP via Getty Images (MENLO, Iowa) — President Joe Biden traveled to Iowa on Tuesday for his first time as president to announce new efforts to bring down gas prices as the administration faces [Read More…]
Biden to speak in Iowa as inflation jumps to 8.5% in March
MANDEL NGAN/AFP via Getty Images (MENLO, Iowa) — President Joe Biden traveled to Iowa on Tuesday for his first time as president to announce new efforts to bring down gas prices as the administration faces [Read More…]
Prices continue to soar as labor and supply shortages persist
Javier Ghersi/Getty Images (NEW YORK) — Inflation is the highest it has been in more than 40 years, according to a new economic report. The Consumer Price Index numbers for the month of March show [Read More…]
Lululemon launches ‘Like New’ program nationwide — trade in gently worn clothes for store credit
Alex Tai/SOPA Images/LightRocket via Getty Images (NEW YORK) — Following a successful pilot program in Texas and California last year, lululemon is re-introducing its Like New re-commerce program nationwide. The program allows shoppers to trade [Read More…]
What to know about child tax credit, stimulus payments ahead of tax day
courtneyk/Getty Images (NEW YORK) — If you haven’t already filed your taxes, you have just one week left to do so. Tax Day for most Americans is April 18. With the deadline drawing near, ABC [Read More…]
Baby formula shortage sends some new parents into panic
AlasdairJames/Getty Images (NEW YORK) — Many parents across the country are scrambling to find baby formula amid a nationwide shortage. Nearly 30% of popular formula brands may be sold out at stores across the U.S., [Read More…]
States’ registration plans could accelerate electric vehicle adoption
Smith Collection/Gado/Getty Images (NEW YORK) — Last month, Washington Gov. Jay Inslee signed a climate change legislative package that included a goal to have every passenger car registered or sold in the state be an [Read More…]
What’s in season for spring? All the produce at its peak April through June
ABC News Illustration (NEW YORK) — Eating with the seasons is a great way to consume produce at peak freshness when it’s full of nutrients and flavor. Plus, it supports local and regional growers. When [Read More…]
How a mom’s ‘need-to-use’ fridge bin saved her hundreds on groceries
Tom Merton/Getty Images (NEW YORK) — Most people have gone to open the fridge, pulled out an ingredient or moved around some jars just to realize that something that got moved or neglected has now [Read More…]
Here’s how Chris Smalls, who was fired from an Amazon Warehouse, beat the retail giant
ANDREA RENAULT/AFP via Getty Images (NEW YORK) — Chris Smalls was fired from his Amazon warehouse job in 2020, after leading a protest over fears working conditions could lead to a coronavirus outbreak at the [Read More…]
As pizza popularity soars, chef and scientist share secrets from 12,000 pies
ABC News (BELLEVUE, Wash.) — Inside a nondescript commercial office complex east of Seattle, an acclaimed professional chef and an ex-Microsoft tech executive have been quietly perfecting the art of pizza making and redefining possibilities [Read More…]
‘Big Oil’ CEOs testify before Congress amid skyrocketing gas prices
Michael Godek/Getty Images (WASHINGTON) — Six oil company executives were grilled by lawmakers Wednesday about skyrocketing gas prices amid a political messaging battle over pain at the pump. BP America, Chevron and ExxonMobil executives are [Read More…]
Biden again extends pause in federal student loan payments
Anna Moneymaker/Getty Images (WASHINGTON) — President Joe Biden on Wednesday announced another extension in the pause in federal student loan payments — this time until Aug. 31. This delay would be the sixth extension to [Read More…]
‘Big Oil’ CEOs set to testify before Congress amid skyrocketing gas prices
Michael Godek/Getty Images (WASHINGTON) — Six oil company executives are set to testify Wednesday on Capitol Hill about skyrocketing gas prices amid a political messaging battle over pain at the pump. BP America, Chevron and [Read More…]
Ferrero recalls popular Easter candy ahead of the holiday
Victoria Jones/PA Images via Getty Images (NEW YORK) — A popular Easter candy has been recalled weeks before the holiday. On Monday, Ferrero announced through the Food Standards Agency it would take “the precautionary action [Read More…]
Domestic airfare up 40% from start of the year: Hopper
Erlon Silva – TRI Digital via Getty Images (WASHINGTON) — Domestic airfare is up 40% from the start of the year and is expected to climb another 10% next month, according to online booking platform [Read More…]
Watchdog urged to probe McKinsey over work with FDA, opioid manufacturers
Tetra Images/Getty Images (WASHINGTON) — Senate Democrats are calling on a government watchdog to investigate McKinsey & Company over claims that the consulting giant skirted federal conflict-of-interest rules, a sign of growing concern on Capitol [Read More…]
Walt Disney World Resort to be powered up to 40% by the sun
BanksPhotos/Getty Images (NEW YORK) — The Walt Disney World Resort is adding two 75-megawatt solar arrays to its renewable energy portfolio that, combined with existing infrastructure, will provide 40% of the park’s electricity. The announcement [Read More…]