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ABC Business News
Remote workers spur housing boom in smaller US cities, drive up prices
SondraP/iStock (NEW YORK) — Travis and Emily Elwood never imagined that they would call Billings, Montana, home. The couple moved here from Portland, Oregon, last year when the pandemic forced them to reevaluate their priorities. [Read More…]
Price increases expected on these grocery products through end of year
Prostock studio/iStock (NEW YORK) — With the cost of meat and other grocery products in the U.S. steadily increasing since the onset of the pandemic, grocery retailers and the Biden administration have weighed in on the [Read More…]
Buy your holiday airline tickets now or face price hikes, experts say
iStock (NEW YORK) — If you want to find the best deals for holiday flights, experts say you will find the lowest prices of the season this week. Airlines are being forced to drop fares [Read More…]
First female-led food hall offers new opportunity for entrepreneurs and delicious, affordable food
Sebastian Fahrni/iStock (SAN FRANCISCO) — La Cocina Municipal Marketplace, which started as a non-profit kitchen incubator, has become the nation’s first women-run, immigrant-owned food hall. “It’s a dream come true. I feel so proud especially [Read More…]
SpaceX to send 1st all-civilian crew into orbit for 3 days
Sundry Photography/iStock (NEW YORK) — SpaceX’s Inspiration4 mission may sound familiar, as another billionaire-backed space launch, but it’s going where neither Richard Branson nor Jeff Bezos could — into orbit. Branson’s Virgin Galactic and Bezos’ [Read More…]
Jennifer Aniston introduces LolaVie hair care brand ‘made without all the bad stuff’
Jason Merritt/Getty Images (NEW YORK) — Jennifer Aniston is known for many things, and one happens to be her iconic hair. Known to wear her classic “Rachel” haircut during her years on the hit ’90s [Read More…]
New federal rule to require businesses with 100+ employees mandate vaccinations
iStock/pixdeluxe (WASHINGTON) — President Joe Biden announced on Thursday that federal government employees and contractors will now be required to be fully vaccinated against COVID-19, and the Occupational Safety and Health Administration will create a [Read More…]
Facebook and Ray-Ban team up on new smart glasses
Facebook (NEW YORK) — You can now wear Facebook on your face – kind of. The Ray Ban “Stories” are the result of a collaboration between the famous sunglasses company and social media giant Facebook. [Read More…]
Job openings hit record high as pandemic-battered Americans reassess work
iStock/ablokhin (WASHINGTON) — The number of job openings hit a record high of 10.9 million on the last day of July, the Department of Labor said Wednesday, as businesses struggle to lure back workers in [Read More…]
US jobless claims reach a pandemic low as economy recovers
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 310,000, a pandemic low and a sign that the surge in COVID-19 cases caused by the delta variant has yet to [Read More…]
Walmart to launch delivery service for other businesses
NEW YORK (AP) — Walmart says it will start commercializing its delivery service, using contract workers, autonomous vehicles and even drones to deliver other retailers’ products directly to their customers’ homes as fast as just [Read More…]
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…]