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ABC Business News
US jobless claims drop again, near pandemic low
courtneyk/iStock (WASHINGTON) — Weekly unemployment claims dropped slightly last week, with 375,000 Americans applying for first-time benefits. That figure dropped for the third consecutive week, according to the Department of Labor, a sign that employers [Read More…]
Demand for air travel flatlines amid delta variant surge
OntheRunPhoto/iStock (NEW YORK) — The first signs are emerging that the highly contagious delta variant of the coronavirus is dampening demand for air travel: cancellations are rising, while passenger loads and air fare are on [Read More…]
YouTube suspends Rand Paul’s account for COVID-19 mask misinformation
Photo by Anna Moneymaker/Getty Images (NEW YORK) — YouTube has suspended Republican Sen. Rand Paul of Kentucky from uploading content for one week after he posted a video claiming most masks are ineffective in combating [Read More…]
Consumer prices continued to climb in July, but at a slower monthly pace
Prostock-Studio/iStock (NEW YORK) — Consumer prices continued to climb in July, further stoking concerns over inflation as the economy rebounds from the COVID-19 shock. The Consumer Price Index, often looked to as a measure of [Read More…]
IRS warns of child tax credit scams
brightstars/iStock (WASHINGTON) — The Internal Revenue Service is warning taxpayers of ongoing scams related to the child tax credit — with some landing directly in Americans’ email or smartphone. “Right now we’re seeing scammers trying [Read More…]
Norwegian Cruise Line CEO says requiring vaccines is ‘safest way to travel’
Tramino/iStock (NEW YORK) — Norwegian Cruise Line can now require guests sailing out of Florida to show proof of COVID-19 vaccination, a federal judge ruled after the line sued the Sunshine State over its vaccine [Read More…]