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ABC Business News
After parade shooting, GoFundMe says it seeks to verify donations amid scam risks
Jim Vondruska/Getty Images (NEW YORK) — After a gunman killed seven people and wounded dozens more at an Independence Day parade outside Chicago on Monday, thousands turned to the online platform GoFundMe to donate money [Read More…]
What the stock market could look like for the rest of 2022, according to experts
David Dee Delgado/Getty Images (NEW YORK) — Stock market woes will persist into the second half of the year but signs of hope will emerge for beleaguered investors, experts told ABC News of their predictions. [Read More…]
How to protect your home and keep energy costs down during heat waves
imaginima/Getty Images (NEW YORK) — Summer has just started but millions around the country have already experienced record-breaking heat waves, forcing people to blast air conditioning and think of ways to protect their homes during [Read More…]
Will Apple see a wave of unionization like Starbucks?
Chip Somodevilla/Getty Images (NEW YORK) — A recent surge of U.S. labor organizing has spotlighted, above all, union campaigns at two high-profile corporations: Amazon and Starbucks. But a watershed union victory last month at an Apple [Read More…]
Workplace inaccessibility is keeping disabled people from jobs
Courtesy Melissa Gates (NEW YORK) — Melissa Gates, who is physically disabled and uses a cane or scooter to move around, was actively searching and applying for a federal job. It took her 20 years before [Read More…]
Delta CEO apologizes for cancellations, delays
James D. Morgan/Getty Images (NEW YORK) — The CEO of Delta Air Lines apologized to customers who were impacted by widespread delays and cancellations in a letter on Thursday. “If you’ve encountered delays and cancellations recently, [Read More…]
As Biden aims to punish Russia on world stage, sanctions hurt at home
BRENDAN SMIALOWSKI/AFP via Getty Images (WASHINGTON) — As the leaders of NATO’s 30 member countries convene in Madrid this week, preserving the alliance’s remarkable unity against Russian aggression is at the top of President Joe [Read More…]
Are record corporate profits driving inflation? Here’s what experts think
Michael Nagle/Bloomberg via Getty Images (NEW YORK) — While sky-high inflation has crunched budgets for essentials like gas and groceries, many large corporations have reported record profits, eliciting anger from some everyday people and public [Read More…]
How the agriculture industry must adapt to megadrought in the West: Experts
Citizen of the Planet/UCG/Universal Images Group via Getty Images (NEW YORK) — The industry that overwhelmingly uses the most water resources in the West does so for good reason: to provide sustenance for the rest [Read More…]
Airbnb issues permanent global party ban in wake of string of shootings
Gabby Jones/Bloomberg via Getty Images (NEW YORK) — Short-term rental giant Airbnb has issued a permanent global ban on parties following a string of shootings that have broken out nationwide at properties it lists. The [Read More…]
Top companies respond to ruling overturning Roe v. Wade
Jamie McCarthy/Getty Images (NEW YORK) — Major U.S. companies, including Meta and JPMorgan Chase, on Friday said they will cover travel costs for employees who seek legal abortions outside their home state after the Supreme Court [Read More…]
Retirees face threat from economy and market turmoil: Experts
katleho Seisa/Getty Images (NEW YORK) — A market drop, a price spike and a looming recession — this year has battered the finances of everyday Americans. But some can wait out the misery. Eventually, the [Read More…]
Diesel prices could lead us into the next recession, experts say
George Rose/Getty Images (NEW YORK) — While many Americans have noticed sky-high gasoline prices, the lesser-known increase in diesel costs could be what drives the U.S. economy into a recession, experts told ABC News. Oil [Read More…]
Ohio State University granted trademark for the word ‘THE’ on merchandise
Stephen Zenner/SOPA Images/LightRocket via Getty Images, FILE (COLUMBUS, Ohio) — Ohio State University was granted a trademark to use the word “THE” on apparel and merchandise to promote its athletic teams. The U.S. Patent and [Read More…]
Biden calls on Congress, states to suspend gas taxes
Matt Stone/MediaNews Group/Boston Herald via Getty Images (WASHINGTON) — President Biden on Wednesday called on Congress to suspend the federal gas tax for three months and asked states to suspend their own gas taxes or [Read More…]
What is a gas tax holiday? The federal proposal could offer short-term relief for drivers
Gina Ferazzi / Los Angeles Times via Getty Images (NEW YORK) — For months, sky-high gas prices have bedeviled Americans. The nationwide average price for a gallon of gas stands just under an eye-popping $5 [Read More…]
Biden to call on Congress, states to suspend gas taxes
Matt Stone/MediaNews Group/Boston Herald via Getty Images (WASHINGTON) — President Biden will on Wednesday call on Congress to suspend the federal gas tax for three months and ask states to suspend their own gas taxes [Read More…]
Kellogg announces split into three separate companies
Yen Duong/Bloomberg via Getty Images (NEW YORK) — Kellogg has announced that it will separate into three different companies to create “greater strategic, operational, and financial focus” for each of the new firms that will [Read More…]
Can higher interest rates be good?
TIMOTHY A. CLARY/AFP via Getty Images (WASHINGTON) — The Federal Reserve’s strongest weapon in its fight against skyrocketing inflation is raising interest rates. In March, the Fed raised its target federal funds rate by 0.25%, [Read More…]
Juneteenth and its implications for the economy and generational wealth
Megan Varner/Getty Images (NEW YORK) — While June 19, 1865, is widely regarded as a day of liberation, its celebration for some simultaneously brings into question just how far that freedom goes. For real estate entrepreneur [Read More…]