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ABC Business News
Reese’s new giant peanut butter cup pie for Thanksgiving sells out in hours
IcemanJ/iStock (NEW YORK) — Lovers of all things chocolate, dessert and Reese’s have another thing to be thankful for just in time for the holidays. On Monday, a new Reese’s Thanksgiving Pie was announced. The [Read More…]
White House economic director says ‘inflation is high,’ pledges Biden bills will bring it down
Official White House Photo by Chandler West (WASHINGTON) — White House National Economic Council Director Brian Deese acknowledged that “inflation is high and it’s affecting Americans in their pocketbook and their outlook,” but promised the [Read More…]
John Deere reaches third tentative deal with workers as strike hits one month
iStock/Wolterk (NEW YORK) — The United Autoworkers Union announced it has reached a third tentative agreement that now heads to local unions for a ratification vote that could end the ongoing strike of thousands of [Read More…]
What Americans should know about inflation as it hits a 30-year high
Asian Alphan/iStock (NEW YORK) — Americans across the country are seeing higher prices at the mall, grocery store and gas pump, causing new pain for their pocketbooks right as the holiday shopping season is set [Read More…]
Number of people quitting their jobs hits new high in September
iStock/littlehenrabi (NEW YORK) — The number of people who quit their jobs rose to a record high in September, the Department of Labor said Friday. Some 4.4 million workers, or 3% of the total workforce, [Read More…]
Nearly 100,000 pounds of chicken, some sold at Trader Joe’s, recalled due to possible bone contamination
ablokhin/iStock (WASHINGTON) — The U.S. Department of Agriculture’s Food Safety and Inspection Service announced Wednesday that Innovative Solutions, Inc., is recalling approximately 97,887 pounds of raw ground chicken patty products, some of which was sold [Read More…]
Historic unionizing efforts underway at Starbucks in upstate New York
mattjeacock/iStock (NEW YORK) — Starbucks workers in upstate New York are seeking to form the coffee chain’s first union in the U.S., as the labor movement gains steam in the wake of COVID-19-related shocks to [Read More…]
Nearly 100,000 pounds of Trader Joe’s chicken recalled due to possible bone contamination
ablokhin/iStock (WASHINGTON) — The U.S. Department of Agriculture’s Food Safety and Inspection Service announced Wednesday that Innovative Solutions, Inc., is recalling approximately 97,887 pounds of raw ground chicken patty products sold at Trader Joe’s locations. [Read More…]
Cranberry production stays afloat with price increases, other Thanksgiving items with lower inventory
GMVozd/iStock (NEW YORK) — With supply chain issues hitting the fresh food industry, due to delays and struggles to get products from farms to store shelves, certain Thanksgiving staples like cranberries will have a steeper [Read More…]
Biden visits Baltimore port amid supply chain, inflation woes
Official White House Photo by Erin Scott (BALTIMORE) — President Joe Biden visited Baltimore on Wednesday to tout his infrastructure bill and highlight his administration’s work to ease port delays as the country approaches the [Read More…]
Consumer prices soar 6.2% in October, largest jump since November 1990
MicroStockHub/iStock (NEW YORK) — Consumer prices continued to climb at an alarmingly rapid pace last month, according to data from the Labor Department on Wednesday, as inflation woes have cast a shadow over the post-pandemic [Read More…]
Biden to visit Baltimore port amid supply chain, inflation woes
Official White House Photo by Erin Scott (WASHINGTON) — President Joe Biden plans to visit Baltimore on Wednesday to tout his infrastructure bill and highlight his administration’s work to ease port delays as the United [Read More…]
Battle rages over conservation and local economy in Alaska
ABC News (NEW YORK) — Tongass National Forest stretches across nearly 17 million acres of land in southeast Alaska and is home to a lush vibrant ecosystem. It is now also at the center of [Read More…]
Hearst’s magazine workers protest mandatory return-to-office through the National Labor Relations Board
iStock/littlehenrabi (NEW YORK) — After more than a year of working remotely through the COVID-19 pandemic, staffers at Hearst’s magazines are fighting back against a mandatory return to office. Workers at the magazine-publishing division of [Read More…]
General Electric stock surges on news it’s splitting into 3 companies
iStock/jetcityimage (NEW YORK) — Shares for General Electric surged 6% in early trading Tuesday after the historic American conglomerate announced plans to split into three publicly-traded companies focused on aviation, health care and energy. Investors [Read More…]
Uber, Lyft making record profits as consumers pay high prices
Mario Tama/Getty Images, FILE (NEW YORK) — Uber and Lyft are boasting record profits as both companies say they are aggressively recruiting drivers to fill a void created by the pandemic. Since the pandemic, rideshare costs [Read More…]
What to know about Los Angeles’ strict vaccine mandate as it goes into effect
Viorel Poparcea/iStock (LOS ANGELES) — Los Angeles’ sweeping new vaccine mandate goes into effect Monday, which requires proof of vaccination in order for patrons to enter most public indoor spaces in the second most populous city [Read More…]
What to know about the new OSHA vaccine mandate, and how it will impact you
Bill Oxford/iStock (NEW YORK) — Some 100 million American workers are expected to be impacted by the Biden administration’s new workplace COVID-19 vaccine mandate come January, under a sweeping new plan that labels coronavirus as an [Read More…]
Employers add 531,000 jobs last month as recovery gains steam, unemployment rate falls to 4.6%
vicky_81/iStock (WASHINGTON) — Hiring gained steam in October, with U.S. employers adding 531,000 jobs and the unemployment rate edging down by a fraction of a percentage point to 4.6%, the Department of Labor said Friday. [Read More…]
Why some experts say corporate ‘net-zero’ emissions pledges could have net-zero impact on climate crisis
NicoElNino/iStock (NEW YORK) — Dubbed a “code red for humanity” by the head of the United Nations, the Intergovernmental Panel on Climate Change said in its most-recent report that the impacts of human-induced climate change [Read More…]