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ABC Business News
Meet the women who went viral for delivering a resume cake to Nike headquarters
Denise Baldwin (NEW YORK) — Getting a foot in the door at a company is a huge step for any job seeker. And one woman’s clever concept involving a cross-country pastry ploy quickly went viral [Read More…]
Hurricane Ian could cause $75 billion in damage
Ricardo Arduengo/AFP via Getty Images (NEW YORK) — Hurricane Ian flooded cities and devastated homes across Florida and coastal South Carolina, leaving destruction in its wake. Search-and-rescue missions are ongoing as the death toll climbed [Read More…]
Why the all-new Corvette Z06 is breaking barriers
Chevrolet (PITTSBURGH) — Tadge Juechter has spent nearly 30 years perfecting every generation of the Corvette. With the Z06, the latest Corvette to roll off the assembly line in Kentucky, he and his team of [Read More…]
Hurricane Ian’s damage will reach up to $65 billion
Ricardo Arduengo/AFP via Getty Images (NEW YORK) — Hurricane Ian flooded major cities and devastated homes after it made landfall in Florida — but the damage isn’t done. After temporarily becoming a tropical storm, Hurricane [Read More…]
Turkey prices soar ahead of Thanksgiving, what consumers can expect
Juanmonino/Getty Images (NEW YORK) — The centerpiece for Thanksgiving tables across the country will cost more than ever this holiday season. The American Farm Bureau Federation announced Wednesday that “families can expect to pay record [Read More…]
Many people evacuating Hurricane Ian face dire financial choices
Franz Marc Frei/Getty Images (NEW YORK) — Fleeing Hurricane Ian, Kallie Collins, her fiance and four of her children flew out of Tampa Bay on Tuesday hours before the airport halted flights. However, her fifth [Read More…]
Hurricane Ian could cripple Florida’s home insurance industry
Eva Marie Uzcategui/Bloomberg via Getty Images (NEW YORK) — Hurricane Ian could cripple Florida’s already-fragile homeowners insurance market. Experts say a major storm like Ian could push some of those insurance companies into insolvency, making [Read More…]
What Hurricane Ian means for food and gas prices
Tetra Images/Getty Images (NEW YORK) — As elevated prices for oil and gas strain U.S. households, the country faces a weather event that some fear will send the costs of these essentials even higher: Hurricane [Read More…]
How low the stock market could fall and what investors should do, according to experts
Matteo Colombo/Getty Images (NEW YORK) — A year of sharp declines for the stock market reversed over the summer, giving stocks a much-needed rebound. But a bout of deep losses across the major stock indices [Read More…]
Costco keeps hot dog and soda combo at $1.50 price possibly ‘forever’ CFO announces
Smith Collection/Gado via Getty Images, FILE (NEW YORK) — If you grew up in a household with a Costco membership, chances are you can instantly recall sampling everything from spinach- and cheese-filled ravioli to electrolyte [Read More…]
US consumer confidence rises more than expected in September, defying recession fears
Oscar Wong/Getty Images (NEW YORK) — U.S. consumer confidence rose more than expected this month, extending a rebound in sentiment that began with a jump in August. The growing confidence in the U.S. economy defies [Read More…]
Amazon Prime early access sale: Start saving big this October
NurPhoto via Getty Images (NEW YORK) — Amazon has announced a second Prime event happening next month, just ahead of the busy holiday season. The retail giant has introduced Amazon Prime’s early access sale which [Read More…]
Latinos across industries fight for fair labor practices
Pay Our Interns (NEW YORK) — On hot days, some over 100 degrees, workers spend hours harvesting fruits and vegetables for very little money — produce that ends up on kitchen tables of people across [Read More…]
The Fed says unemployment will rise. Here’s who economists say would lose their jobs first.
courtneyk/Getty Images (WASHINGTON) — The Federal Reserve escalated its fight against inflation this week, instituting a major rate increase and saying more will likely follow. The moves will cause a jump in the number of [Read More…]
Can a clothing company save the planet? Patagonia wants to find out.
Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — If there was any doubt about where outdoor clothing company Patagonia stood on environmentalism, it was quickly put to rest last week when founder Yvon Chouinard and [Read More…]
Experts weigh in how to navigate your way through the secondhand shopping market
lechatnoir/Getty Images (NEW YORK) — With inflation and higher prices across industries, many people are closely examining how to save or make their dollars stretch further. Fashion isn’t exempt from the conversation, and part of [Read More…]
What the rate hike will mean for housing
moodboard/Getty Images (NEW YORK) — The Federal Reserve’s string of interest rate hikes this year has thrown cold water on the once red-hot housing market. Existing home sales fell for the seventh straight month in [Read More…]
Heating bills to reach 10-year high this upcoming winter: NEADA report
Tetra Images/Getty Images (NEW YORK) — Heating costs for the upcoming winter season are expected to increase by 17%, mainly impacting lower-income families, according to a new report from National Energy Assistance Directors Association. Costs [Read More…]
Fed hikes benchmark rate 0.75% in significant escalation of inflation fight
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve instituted a dramatic interest rate hike on Wednesday, the latest in a series of borrowing cost increases, as the central bank tries to dial back near-historic inflation [Read More…]
Big bank CEOs sound alarm on inflation fight: ‘Expect tougher times ahead’
Alex Wong/Getty Images (WASHINGTON) — Chief executives at some of the largest U.S. banks sounded the alarm over sky-high inflation in testimony before Congress on Wednesday, warning that price hikes would require further borrowing cost [Read More…]
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