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ABC Business News
Aldi stores focusing on low grocery prices this summer, CEO says
ABC News (NEW YORK) — As inflation continues to worry Americans, Aldi CEO Jason Hart said the discount grocery chain is focused on keeping grocery prices low as the summer season heats up. Hart joined [Read More…]
Justice Department to announce lawsuit against Live Nation over ticket prices: Sources
In this April 17, 2024, file photo, the Live Nation website is shown on a laptop in New York. (Bloomberg via Getty Images) (WASHINGTON) — The Justice Department and a group of state attorneys general [Read More…]
FDIC head who oversaw alleged ‘toxic culture’ to stay until his replacement. Experts say that risks more harm
The Federal Deposit Insurance Corp. (FDIC) headquarters in Washington, D.C., May 20, 2024. (Al Drago/Bloomberg via Getty Images) (WASHINGTON) — The head of the Federal Deposit Insurance Corporation said this week that he would leave [Read More…]
‘Now it’s bare’: NYC’s Chinatown small businesses battle to keep doors open
The Ting family spoke to ABC News about their generational store Ting’s Gift Shop in Chinatown. (ABC News) (NEW YORK) — Ting’s Gift Shop in New York City’s bustling Chinatown has shuttered after 66 years [Read More…]
Wendy’s launches $3 English muffin breakfast combo amid soaring prices in fast food
The Wendy’s Company (NEW YORK) — Wendy’s is enticing its customers with a new deal amid increased prices at fast food chains. Beginning Monday, May 20, customers can get a breakfast combination deal from Wendy’s [Read More…]
Target to cut prices on 5,000 items: See which items will cost less
A Target store stands in Manhattan on March 5, 2024 in New York City. (Spencer Platt/Getty Images) (NEW YORK) — Retail giant Target announced Monday it is lowering prices on around 5,000 items in its [Read More…]
Red Lobster voluntarily files for Chapter 11 bankruptcy
RapidEye/Getty Images (NEW YORK) — Red Lobster has voluntarily filed for Chapter 11 bankruptcy, according to a recent press release shared with ABC News. The largest seafood chain in the U.S., home to Cheddar Bay [Read More…]
McDonald’s plans $5 US meal deal next month to counter customer frustration over high prices
McDonald’s plans to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices. The deal would let customers get a four-piece McNugget, small fries, a small [Read More…]
Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals
Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inflation cuts into household budgets and more Americans pay closer attention to their spending. The price cuts, already [Read More…]
Is it too late to join the bull market? Experts weigh in.
Michael M. Santiago/Getty Images (NEW YORK) — The blazing hot stock market seems to set new records just about every day. The Dow Jones Industrial Average stands above 40,000 for the first time in history, [Read More…]
Trump trusted more than Biden on inflation, a top issue for voters, poll shows
Morry Gash-Pool/Getty Images (NEW YORK) — U.S. adults trust former President Donald Trump over President Joe Biden on the issue of inflation by a double-digit margin, according to a new ABC News/Ipsos poll this month, [Read More…]
Mercedes-Benz workers in Alabama vote against joining UAW, a blow to union’s expansion in the South
Beata Zawrzel/NurPhoto via Getty Images (TUSCALOOSA, Ala.) — Thousands of Mercedes-Benz workers in Alabama voted against joining the United Auto Workers (UAW) on Friday, delivering a significant defeat for the union one month after it [Read More…]
Dow Jones Industrial Average hits 40,000 for the 1st time
Spencer Platt/Getty Images (NEW YORK) — The Dow Jones Industrial Average crossed 40,000 for the first time in history on Thursday. This is a significant and symbolic milestone for the index that tracks 30 of [Read More…]
New inflation data could signal cheaper grocery prices, more discounts, expert says
Kinga Krzeminska/Getty Images (NEW YORK) — As Americans continue to experience sticker shock with volatile food costs, a slight ease of inflation last month could provide relief for consumers’ wallets — particularly at the grocery [Read More…]
Walgreens announces it will sell generic version of over-the-counter Narcan
RiverNorthPhotography/Getty Images (NEW YORK) — Walgreens Boots Alliance announced Wednesday that it plans to sell its own generic version of the overdose reversal drug Narcan. Narcan is given as a nasal spray and the active [Read More…]
Red Lobster closes multiple locations as company prepares to file for bankruptcy
In this undated file photo, a Red Lobster Restaurant is shown. (Jeff Greenberg/UIG via Getty Images) (NEW YORK) — Red Lobster has abruptly closed at least 99 locations across the country with restaurants shutting their [Read More…]
Inflation cooled slightly in April, ending monthslong surge in prices
Bloomberg Creative/Getty Images (WASHINGTON) — Consumer prices rose 3.4% in April compared to a year ago, slowing slightly from the previous month and offering a welcome sign for the Federal Reserve in its yearslong inflation [Read More…]
Inflation expected to have cooled slightly in April
Bloomberg Creative/Getty Images (WASHINGTON) — The White House and Wall Street will closely watch Wednesday’s inflation report for any signs that the Federal Reserve’s aggressive cooldown efforts are working. After falling dramatically over the course [Read More…]
Mercedes-Benz workers in Alabama are voting to join the UAW. Here’s what’s at stake for workers nationwide.
Mercedes-Benz logo see on a Mercedes-Benz vehicle in Edmonton, on October 26, 2023, in Edmonton, Alberta, Canada. (Artur Widak/NurPhoto via Getty Images) (NEW YORK) — Thousands of Mercedes-Benz workers in Alabama are voting on a [Read More…]
‘It’s a real thing’: Drivers and passengers report motion sickness in EVs
A driver is seen inside of a Tesla Model Y car during its presentation at the Automobile Club, Sept. 5, 2020, in Budapest, Hungary. (Attila Kisbenedek/AFP via Getty Images) (NEW YORK) — An oft-touted advantage [Read More…]
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