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ABC Business News
Potential rail strike could have ‘significant detrimental effects,’ supply chain expert says
Brandon Bell/Getty Images (NEW YORK) — As freight railroads and their unions continue to feel pressure from the White House, businesses and other stakeholders to reach an agreement before a potential strike, economic experts say [Read More…]
Starbucks espresso beverage recalled from some stores over potential metal found inside
JohnFScott/Getty Images (NEW YORK) — PepsiCo Inc. is recalling hundreds of Starbucks espresso bottles that were sold in a handful of states due to possible contamination of metal particles, the U.S. Food and Drug Administration [Read More…]
Consumer prices rise unexpectedly in August, sending stock market tumbling
Javier Ghersi/Getty Images (NEW YORK) — A hotter-than-expected inflation report on Tuesday sent the stock market tumbling. The Dow Jones Industrial Average fell more than 1,200 points, which amounted to a nearly 4% drop, making [Read More…]
How a new credit card code could help stop mass shootings
Justin Sullivan/Getty Images (NEW YORK) — A gunman in Aurora, Colorado, who killed 12 people in a mass shooting at a movie theater, in 2012, legally acquired weapons and ammunition using a credit card. So [Read More…]
Twitter whistleblower details allegations to lawmakers
Kevin Dietsch/Getty Images (WASHINGTON) — A whistleblower on Tuesday detailed a slate of explosive allegations against Twitter to congressional lawmakers, describing what he said were widespread security failures and vulnerabilities at the popular social media [Read More…]
US rent prices finally showing signs of cooling down
Thomas Winz/Getty Images (NEW YORK) — Americans are finally starting to see the red-hot rental market begin to cool off, after record growth. A combination of strong demand, low supply and high inflation have kept [Read More…]
New York City sues Starbucks over firing of unionizing barista
Beata Zawrzel/NurPhoto via Getty Images (NEW YORK) — New York City is suing Starbucks over allegations the coffee corporation unlawfully fired a Queens barista who had been involved in unionization efforts, a city agency announced [Read More…]
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…]