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ABC Business News

Mom reveals how she paid off $137,000 debt
Courtesy of Brandyn Rodriguez (CIBOLO, Texas) — Where there’s a will, there’s a way. That just might be the perfect one-liner to describe Brandyn Rodriguez and her journey to paying off $137,000 in debt. “Getting [Read More…]

Unemployment rate drops to 3.8% as 678,000 jobs added in February
Douglas Sacha/Getty Images (WASHINGTON) — U.S. employers added 678,000 jobs to their payrolls last month, the latest figures released Friday by the Labor Department show, exceeding economists’ expectations. Economists had expected to see employment grow [Read More…]

US targets Russian oil refining sector with export controls
sarote pruksachat/Getty Images (WASHINGTON) — The U.S. Commerce Department announced restrictions on certain goods used to refine oil preventing them from going into Russia in response to the invasion of Ukraine. The restrictions build upon [Read More…]

Exclusive behind-the-scenes look at Hulu series, ‘The Dropout: The Rise and Con of Elizabeth Holmes’
ABC News (NEW YORK) — It’s a dramatic tale of money, power, tragedy and deceit. Elizabeth Holmes, once the world’s youngest female self-made billionaire and lauded by some as the next Steve Jobs for her supposedly [Read More…]

Banana Republic adds new baby and athletic categories
Bill Tompkins/Getty Images (NEW YORK) — Banana Republic is known for its modern luxury-style adult clothing, but now, the brand is expanding to also include great picks for babies. The Gap Inc.-owned company announced BR Baby [Read More…]

Airbnb hosts opening their hearts — and doors — to refugees fleeing Ukraine
Thiago Prudencio/SOPA Images/LightRocket via Getty Images (NEW YORK) — The Russian invasion of Ukraine has displaced thousands of people, many of whom are fleeing to nearby Poland and elsewhere. Now Airbnb.org — the non-profit wing [Read More…]

Old Navy’s new FitsYou jeans adjust to one’s body type
Old Navy (NEW YORK) — It’s no secret that your waist size today might not have the same exact measurements tomorrow, and that’s one reason why one of Old Navy’s latest denim launches is getting [Read More…]

Eloquii’s brand new bridal collection is coming
Mint Images/Getty Images (NEW YORK) — Ahead of wedding season, Eloquii, a plus-size clothing brand, announced its new bridal collection for 2022. Launching this summer, Eloquii said it is releasing wedding wardrobe pieces in sizes [Read More…]

Fitbit recalls one million smart watches over burn hazards
US Consumer Product Safety Commission (NEW YORK) — Fitbit is recalling approximately one million smartwatches after 78 reports of burn injuries — including two reports of third-degree burns. The recall impacts the company’s Ionic smartwatches, [Read More…]

Boeing suspends all plane maintenance support for Russian airlines
OLIVIER DOULIERY/AFP via Getty Images (NEW YORK) — The Boeing Company has suspended all parts, maintenance and technical support for Russian airlines as the conflict between Russia and Ukraine continues, the company announced Tuesday. This [Read More…]

LinkedIn launches tool to show career breaks amid women’s slow post-pandemic return to work
brightstars/Getty Images (NEW YORK) — LinkedIn, the career-focused social networking site, is giving job seekers a new way to describe gaps in their careers. The site on Tuesday released a new feature, called “career breaks,” [Read More…]

Meta disrupts social media misinformation campaigns targeting Ukrainians
Rapeepong Puttakumwong/Getty Images (NEW YORK) — A pair of social media misinformation campaigns exploiting tensions in Russia and Ukraine were identified and disabled on Facebook over the weekend, according to two senior leaders at the [Read More…]

US and allies bar Russian Central Bank from accessing reserves worldwide
Andrey Rudakov/Bloomberg via Getty Images (WASHINGTON) — The Biden administration on Monday emphasized the drastic nature of economic sanctions levied again Russia over the weekend in which the U.S. and allies targeted Russia’s Central Bank, [Read More…]

How one group fights to reclaim Black land and battle the economic divide
Brittany Murray/MediaNews Group/Long Beach Press-Telegram via Getty Images (NEW YORK) — In 1912, Willa and Charles Bruce bought land southwest of Los Angeles in Manhattan Beach to turn into a resort for African Americans to [Read More…]

Meet entrepreneurs of color building Tulsa’s former Black Wall Street into hot, new tech hub
ABC News (TULSA, Oklahoma) — A community of Black entrepreneurs are shaking up the tech and innovation ecosystem and forming a new hub for digital creators, developers and investors based in Tulsa, Oklahoma. Founders building [Read More…]

Fears of US gas prices spiking amid Russian invasion of Ukraine
Artit Fongfung / EyeEm/Getty Images (NEW YORK) — The stock market has been up and down this week amid Russia’s invasion of Ukraine, and while we are likely to see more volatility in Wall Street [Read More…]

Markets plummet as world reacts to Russian invasion
Jake Wyman/Getty Images (NEW YORK) — U.S. stock futures are down ahead of Thursday’s opening bell amid ongoing attacks on Ukraine by Russia. As of 8:30 a.m. ET, the Dow Jones Industrial Average is down [Read More…]

Rising interest rates create a new challenge for first-time homebuyers
Image Source/Getty Images (NEW YORK) — The housing market has been unforgiving to first-time buyers like Kirstin Harris. “You have to be so competitive,” she told ABC News. “By the time we even like a [Read More…]

Dow plunges 482 points amid Ukraine-Russia crisis
Matteo Colombo/Getty Images (NEW YORK) — Wall Street is jittery as tensions continue to escalate between Russia and Ukraine. On Tuesday, stocks were down, with the Dow Jones Industrial Average closing 482.57 points lower, a [Read More…]

How to keep bills down as gas prices soar
Photo Illustration by Sean Gallup/Getty Images (NEW YORK) — Gas prices are continuing to soar with no relief in sight. The national average price per gallon now stands at $3.53, the highest it’s been since [Read More…]