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ABC Business News
US hiring slows but remains strong, as economy adds 315,000 jobs
Catherine McQueen/Getty Images (WASHINGTON) — U.S. hiring slowed from its breakneck pace but remained robust in August, with the economy adding 315,000 jobs and the unemployment rate rising to 3.7%, according to data released by [Read More…]
Water crisis in Jackson, Mississippi, ‘very dire’ for local businesses
Tim Graham/Getty Images (JACKSON, Miss.) — When the water stopped running at her restaurant in Jackson, Mississippi, on Monday afternoon, Tanya Burns was preparing for a private event set to begin about one hour later. [Read More…]
Teachers can score free coffee all September at this popular chain
aimintang/Getty Images (NEW YORK) — Caffeine is essential for school teachers and staff transitioning back to the classroom. Thankfully, Wawa is here to help. Starting Sept. 1, the popular convenience store chain is bringing back [Read More…]
CPSC recalls UPPAbaby strollers due to laceration risk
U.S. Consumer Product Safety Commission (NEW YORK) — More than 14,000 strollers are being recalled due to an issue that can cause amputation or laceration if a child’s fingertips get caught. The recall, posted by [Read More…]
California legislature passes bill that could transform worker bargaining
Christopher Morris/Getty Images (NEW YORK) — U.S. labor unions enjoy their highest level of approval in almost 60 years, as high-profile worker victories at Amazon and Starbucks have galvanized public support. However, union membership — [Read More…]
Animal cookies sold at Target recalled for possible metal contamination
D.F. Stauffer Biscuit Co., Inc./U.S. Food and Drug Administration (NEW YORK) — The U.S. Food and Drug Administration announced a voluntary recall of fudge-coated animal cookies that were sold at Target stores across the U.S. [Read More…]
Movie theaters across US are offering $3 tickets for ‘National Cinema Day’
YinYang/Getty Images (NEW YORK) — Movie lovers pained by the price of popcorn, slushies and tickets will have something to celebrate on “National Cinema Day.” On Sept. 3, tickets at theaters across the country will [Read More…]
Elon Musk adds new reason for termination of Twitter deal
CARINA JOHANSEN/NTB/AFP via Getty Images (NEW YORK) — The ongoing acquisition drama between Elon Musk and Twitter continues. On Monday, Musk’s counsel sent a letter to Twitter’s general counsel and head of legal, Vijay Gadde, [Read More…]
Labor unions reach highest level of approval in US since 1965: Gallup
Thomas A. Ferrara/Newsday RM via Getty Images (NEW YORK) — Labor unions reached their highest level of approval in the U.S. since 1965, according to a new Gallup poll. Seventy-one percent of poll respondents said [Read More…]
Uber rolls out new safety features including 911 texts, calls with live agents
Uber (NEW YORK) — Uber is rolling out new safety features that will allow users to talk to a live safety agent and text 911 operators in the case of emergency. Rebeca Payne, the lead [Read More…]
Pumpkin Spice Lattes, fall flavors back on the menu at Starbucks
Starbucks (NEW YORK) — Although temperatures are still above 70 degrees in a majority of the U.S., with a little under a month left of summer, Starbucks has already kicked off the unofficial start of [Read More…]
Nude Barre fights colorism in fashion industry by offering diverse hosiery for all
Courtesy of Nude Barre (NEW YORK) — After years of hardship as a professional dancer trying to find tights that matched her skin tone, Erin Carpenter took matters into her own hands. A little over [Read More…]
States banning the sale of new gas-powered vehicles
Grace Cary/Getty Images/STOCK (NEW YORK) — California became the first state in the nation this week to issue a phase-out of gas-powered vehicles — and other states are planning to follow in its footsteps. After the [Read More…]
Twitter is bringing podcasts to its platform in new design
Karl-Josef Hildenbrand/picture alliance via Getty Images (NEW YORK) — Twitter is expanding its platform to include podcasts, the tech company said in a statement on Thursday. Starting Thursday, Twitter will begin incorporating podcasts into its [Read More…]
Moderna to sue BioNTech/Pfizer over COVID vaccine
Евгения Матвеец/Getty Images (NEW YORK) — Moderna is suing Pfizer and BioNTech for infringing patents central to Moderna’s mRNA technology platform used to develop the COVID vaccine, the company said in a press release Friday. [Read More…]
Federal Reserve Chair Powell vows to fight inflation ‘until the job is done’
Mandel Ngan/AFP via Getty Images, FILE (JACKSON HOLE, Wyo.) — Federal Reserve Chair Jerome Powell vowed to fight inflation “forcefully” in remarks on Friday at the central bank’s annual summer gathering in Jackson Hole, Wyoming. [Read More…]
How to have student loans forgiven if you don’t qualify for Biden’s forgiveness program
© 2011 Dorann Weber/Getty Images (NEW YORK) — President Joe Biden fulfilled one of his campaign promises and announced a plan to cancel student loan debt for millions of Americans. The plan, announced Wednesday, forgives [Read More…]
Apple announces September event where new iPhone is expected
Thomas Trutschel/Photothek via Getty Images, FILE (NEW YORK) — Apple users eagerly awaiting a new iPhone model will likely get their wish next month. The company announced on Wednesday that it will hold a public [Read More…]
Biden’s student loan forgiveness policy: How to apply, who qualifies, more
jayk7/Getty Images (NEW YORK) — Just a week before repayments on federal student loans were scheduled to resume after a two-year pause, President Joe Biden on Wednesday announced a sweeping new policy to cancel debt [Read More…]
Green living: How families can save money and reduce food waste
Oscar Wong/Getty Images (NEW YORK) — After working for seven years in the corporate world as an aerospace engineer, Anita Vandyke said she needed to shed the material excess in her life and “give more.” [Read More…]
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