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ABC Business News
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…]
Victoria’s Secret launches ‘Bare,’ its first fine fragrance in years
kokkai/Getty Images (NEW YORK) — It’s 2022, and Victoria’s Secret is coming in hot with its first fine fragrance in five years. “Bare,” the brand’s latest scent, launched this week. According to the company, “Bare” [Read More…]
US weekly jobless claims hit eight-month high
KLH49/Getty Images (WASHINGTON) — The number of Americans applying for unemployment benefits for the first time reached its highest rate in eight months last week, the Labor Department reported Thursday. Applications reached 251,000 for the [Read More…]
Are record corporate profits driving inflation?
bymuratdeniz/Getty Images (NEW YORK) — As prices for goods are on the rise, there has been a debate over how much control consumers have at the cash register. Some economists, like Rakeen Mabud of the [Read More…]
Family calls for Sesame Place performer to be fired
ANDREW CABALLERO-REYNOLDS/AFP via Getty Images (PHILADELPHIA) — The legal team representing the family of two young Black girls who were seemingly waved off by a Sesame Place character is calling for the costumed performer to [Read More…]
Five manufacturers responsible for over half of guns seized in a dozen cities: Study
Spencer Platt/Getty Images (NEW YORK) — More than half of the guns seized on the streets of a dozen American cities after being used in crimes were made by five manufacturers, according to data released Wednesday by [Read More…]
Gas prices dip below $4.50 for 1st time since May
Grace Cary/Getty Images (NEW YORK) — The national average price for a gallon of gas fell below $4.50 on Tuesday for the first time since the middle of May, according to AAA data. The price [Read More…]
CDC ends COVID-19 program for cruise ships
Joe Raedle/Getty Images, FILE (WASHINGTON) — The Centers for Disease Control and Prevention has axed a program that allowed the public to view COVID-19 levels on cruise ships that sail in U.S. waters. The CDC [Read More…]
Sesame Place to undergo bias training after calls of racism
ANDREW CABALLERO-REYNOLDS/AFP via Getty Images (PHILADELPHIA) — Sesame Workshop, the nonprofit that runs Sesame Street, said it will “conduct bias training and a thorough review of the ways in which they engage families and guests” [Read More…]
Twitter trial against Elon Musk set for October
Nikolas Kokovlis/NurPhoto via Getty Images (NEW YORK) — A Delaware court on Tuesday determined that the trial in a lawsuit brought by Twitter against Elon Musk should take place in October, granting an expedited timeline [Read More…]
Macy’s brings back Toys ‘R’ Us in time for the holidays
Jeremy Moeller/Getty Images (NEW YORK) — A classic toy superstore is being brought back to life ahead of the holiday season. Macy’s, in partnership with Toys “R” Us parent company WHP Global, announced Monday that [Read More…]
Nationwide recall issued for organic freeze-dried blueberries over possible lead presence
FDA (NEW YORK) — BrandStorm Inc. has announced a voluntary recall of two lots of its organic freeze-dried blueberry pouches due to “the presence or potential presence of lead above the FDA’s recommended limits; per [Read More…]
Amazon warehouses under investigation from federal prosecutors, Department of Labor
KAZUHIRO NOGI/AFP via Getty Images (NEW YORK) — Federal prosecutors in New York and the Department of Labor are inspecting Amazon warehouses around the country as part of a civil investigation into unsafe and unseemly [Read More…]
Automakers look to the South to build electric vehicle batteries
Hauke-Christian Dittrich/picture alliance via Getty Images (NEW YORK) — You won’t find many electric vehicles on the back roads in Alabama and Tennessee yet thousands of residents in these states are building them to meet growing [Read More…]
Elon Musk responds to Twitter’s $44 billion lawsuit
Patrick Pleul/picture alliance via Getty Images (NEW YORK) — Elon Musk asked a Delaware court on Friday to reject Twitter’s attempt to put the $44 billion merger case on trial in September, arguing it’s an “unjustifiable” [Read More…]