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ABC Business News
Mega Millions confirms one winning ticket sold in Illinois in historic $1.34 billion drawing
youngvet/Getty Images, FILE (NEW YORK) — One sole winning jackpot ticket was sold in a Speedway convenience store in Des Plaines, Illinois, in a historic $1.34 billion drawing, according to Mega Millions. One ticket matched all [Read More…]
Airlines look to attract more diverse pilots amid shortage
Jaromir Chalabala/EyeEm/Getty Images/Stock (NEW YORK) — For decades, the aviation industry has carried the reputation of being overtly male and white. At least 95% of the roughly 158,000 pilots employed in the United States are men, [Read More…]
What the potential JetBlue and Spirit merger could mean for consumers
Robert Nickelsberg/Getty Images (NEW YORK) — As JetBlue prepares to begin its takeover of Spirit Airlines in a $3.8 billion deal, many are left wondering what the future holds for both airlines and their loyal [Read More…]
US economy shrank 0.9% in second quarter
Anton Petrus/Getty Images (WASHINGTON) — The U.S. economy shrank 0.9% in the second quarter of this year, the Commerce Department reported Thursday morning, marking the second quarter in a row that the nation’s gross domestic [Read More…]
SNAP benefits expanded to help with online grocery shopping
Nipitpon Singad / EyeEm/Getty Images (NEW YORK) — New grants, technology enhancements and partnerships are helping grocers and shoppers who rely on the Supplemental Nutrition Assistance Program (SNAP) to get more access to more places [Read More…]
‘Wren Eleanor’ TikTok trend sees parents removing photos, videos of their kids
5./15 WEST/Getty Images (NEW YORK) — A TikTok account with more than 17 million followers has sparked a discussion about children’s privacy and safety online. The mom behind the popular TikTok shares photos and videos [Read More…]
Former teacher opens up about why he quit for a job at Walmart
Courtesy Seth Goshorn (NEW YORK) — A former teacher in northeast Ohio is opening up about why he walked away from years of teaching to go work at Walmart. Seth Goshorn decided to share his [Read More…]
Gun CEOs testify to House after mass shootings, blame ‘erosion of personal responsibility’
Patrick T. Fallon/AFP via Getty Images, FILE (WASHINGTON) — Leading gun manufacturing executives testified Wednesday before a House panel investigating the role of the firearms industry in the nation’s high rates of gun violence, maintaining [Read More…]
Top gun CEOs testifying on Capitol Hill, blame ‘erosion of personal responsibility’
Patrick T. Fallon/AFP via Getty Images, FILE (WASHINGTON) — Leading gun manufacturing executives testified Wednesday morning before a House panel investigating the role of the firearms industry in the nation’s high rates of gun violence, [Read More…]
Federal Reserve set for another dramatic rate hike
Bloomberg Creative/Getty Images (WASHINGTON) — Economists expect a major rate hike from the Federal Reserve on Wednesday, the latest in a series of borrowing cost increases as the central bank tries to slash near-historic inflation [Read More…]
Instagram causes eating disorders, depression in young girls, new lawsuits claim
Gabby Jones/Bloomberg via Getty Images (NEW YORK) — Instagram is accused in two new lawsuits of spurring eating disorders and mental health problems ranging from anxiety and depression to addiction and suicide attempts in teenage [Read More…]
Lululemon launches new cross-training workout shoe for women
Lululemon (NEW YORK) — Lululemon is back at it again with another sneaker designed just for women. The athletic company launched its first footwear collection back in March with a running shoe and recovery slide. [Read More…]
What is a capsule pantry? How to get one started to save money on groceries
JulNichols/Getty Images (NEW YORK) — Think of a capsule pantry as you would a capsule wardrobe: a variety of staple items to mix and match that can create a completely fresh, easy-to-assemble final product. A [Read More…]
Mega Millions drawing Friday will be game’s third-largest jackpot ever
youngvet/Getty Images, FILE (NEW YORK) — This is one mega grand prize. The estimated jackpot for Friday night’s Mega Millions drawing is now $660 million — making it the game’s third-largest prize ever. At that [Read More…]
Economic cost of extreme heat is climbing
SimpleImages/Getty Images (NEW YORK) — It’s been a pressure cooker of a summer for economies in both the U.S. and Europe, and experts say the extreme heat is making it increasingly difficult for workers to [Read More…]
How US economy could avoid a recession, according to economists
Javier Ghersi/Getty Images (NEW YORK) — As recession forecasts have grown dire in recent months, they’ve faced one complication: Strong economic data. The U.S. showed robust job growth last month, defying expectations of a slowdown [Read More…]
A moveable feast: Container farming may be a solution to US food deserts
ABC News (NEW YORK) — Even near some of the busiest cities in the United States, nearly 54 million people have a tough time accessing fresh and healthy food, according to the United States Department [Read More…]
Viral ‘cash stuffing’ trend encourages people to save money: Here’s how to do it
Catherine McQueen/Getty Images (NEW YORK) — Are you looking for ways to take control of your budget or save for the future? According to a viral hashtag with more than 376 million views on TikTok, [Read More…]
Parents sue TikTok after daughter dies attempting ‘blackout’ social media challenge
Courtesy the Arroyo family (NEW YORK) — A Wisconsin family is suing TikTok after their 9-year-old daughter died attempting the so-called “blackout challenge” popularized on social media. Arriani Jaileen Arroyo died by asphyxiation on Feb. [Read More…]
Trader Joe’s recalls popular snickerdoodle cookies over possible contamination
Trader Joe’s (NEW YORK) — Trader Joe’s announced this week that it is recalling its popular soft-baked snickerdoodle cookies, citing possible plastic contamination. “We have been alerted by our supplier of Trader Joe’s Soft-Baked Snickerdoodles [Read More…]