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ABC Business News
Sesame Place to implement diversity initiatives after racial bias incident
Dania Maxwell / Los Angeles Times via Getty Images, FILE (LANGHORNE, Pa.) — Following a barrage of online allegations of racial bias and one $25 million class action lawsuit, Sesame Place has announced initiatives to [Read More…]
Explainer: Why is inflation so high and what happened last time it reached this level?
Javier Ghersi/Getty Images (NEW YORK) — Inflation continues to be the top economic concern for most Americans. In July, the consumer price index rose 8.5% compared with the same month a year prior. While still [Read More…]
Inflation slows significantly as prices rise 8.5% in July behind decrease in gas prices
Tetra Images/Getty Images (NEW YORK) — Inflation data released on Wednesday revealed that price increases slowed in July, easing the strain on household budgets as the Federal Reserve fights inflation with a series of borrowing [Read More…]
July inflation data to show latest on sky-high prices
Tetra Images/Getty Images (NEW YORK) — Inflation data set for release Wednesday will show whether sky-high price increases accelerated or waned in July. The new data arrives as costs strain household budgets, and the Federal [Read More…]
Airfare to drop 40% in the fall: Hopper
Craig Hastings/Getty Images (NEW YORK) — Travelers facing surging summer prices can expect good news as domestic airfare is expected to drop by nearly 40% in the coming fall months, according to data from the [Read More…]
Biden signs CHIPS Act, intended to relieve the pandemic-era computer chip shortage
Official White House Photo by Adam Schultz (WASHINGTON) — President Joe Biden on Tuesday signed a multibillion-dollar bill to boost domestic computer chip manufacturing and more, touting the bipartisan package as “a once-in-a-generation investment in [Read More…]
Parents file lawsuit against e-bike company after daughter’s death
ABC News (LOS ANGELES) — The parents of a 12-year-old California girl who died last year after an accident involving an electric bike, or e-bike, say they want to see change. Kaye and Jonathan Steinsapir, [Read More…]
US consumers may suffer from Pelosi’s Taiwan trip: Experts
Taiwanese Foreign Ministry/Handout/Anadolu Agency via Getty Images (WASHINGTON) — When Speaker of the House Nancy Pelosi arrived in Taiwan last week, the world braced for China’s response. Within hours of her departure, China began military [Read More…]
Snapchat safety features for parents announced
stockcam/Getty Images (NEW YORK) — Snapchat announced a new in-app family center on Tuesday, which is designed to start conversations between parents and minors about safer social media usage. In the new family center, parents [Read More…]
Mattel brings back its nostalgic Barbie Totally Hair doll
Mattel (NEW YORK) — Mattel has brought back one of its most iconic dolls: Barbie Totally Hair. Since initially debuting 30 years ago, the toymaker has released an updated version of the ’90s doll. The [Read More…]
21,000% surge of little-known AMTD Digital is latest meme stock craze, analyst says
James Marshall/Getty Images (NEW YORK) — Wild swings in the share price of a largely unknown Hong Kong-based fintech company in recent days have reminded some analysts and traders of the “meme stock” craze, which [Read More…]
Sensors, 4D imaging, flashing lights: How automakers are trying to prevent hot car deaths
Toyota (NEW YORK) — An average of 38 children die every year in hot cars. Tuesday marked the 14th hot car death in the U.S. this year, a number that is expected to rise as heat [Read More…]
US economy adds 528,000 jobs, far outpacing expectations
Catherine McQueen/Getty Images (WASHINGTON) — The U.S. hiring saw a dramatic increase in July, as the economy added 528,000 jobs and the unemployment rate fell to 3.5%, according to data released by the Bureau of [Read More…]
What to expect from the July jobs report
Catherine McQueen/Getty Images (NEW YORK) — Wall Street will be closely watching the new U.S. employment data on Friday, the latest sign of whether the U.S. economy is entering a recession as the Federal Reserve [Read More…]
Twelve grocery and food savings tips to take with you on your next shopping trip
Oscar Wong/Getty Images (NEW YORK) — Trae Bodge, smart shopping expert, shared her tips for saving on groceries with Good Morning America, to help consumers keep costs down at checkout. Consumer prices on food experienced [Read More…]
Meta cracks down on cyberespionage, warns of ‘perception hacking’ ahead of midterm elections
Jason Alden/Bloomberg via Getty Images, FILE (NEW YORK) — Meta said it is focused on continuing to disrupt emerging cybersecurity threats, including “perception hacking” efforts that could attempt to create unjustified fears about the security [Read More…]
Ivanka, Donald Trump Jr. sit for depositions in civil investigation into real estate valuations
James Devaney/GC Images/Getty Images (NEW YORK) — Two of former President Donald Trump’s grown children have been deposed by the New York Attorney General’s Office as part of its civil investigation into the family real [Read More…]
Refurbished tech 101: How to get the best deals
97/Getty Images (NEW YORK) — As summer break draws to a close, parents are hitting the ground running with back-to-school shopping. Back-to-school essentials traditionally ranged from notebooks and pens to t-shirts and gym socks — [Read More…]
DOT rule would require airlines to issue refunds for domestic flights delayed by 3 hours
Samuel Corum/Bloomberg via Getty Images, FILE (WASHINGTON) — Travelers could soon have more rights if their flight is canceled or delayed, as the Department of Transportation looks to “strengthen” protections for consumers seeking refunds. The [Read More…]
Boeing workers approve contract after averting strike
nycshooter/Getty Images (ST. LOUIS) — Nearly 2,500 Boeing workers at three St. Louis-area facilities on Wednesday accepted a contract offer from the plane manufacturer after calling off a strike planned for earlier this week. In [Read More…]