Category Archives: Business News – ABC Audio

Inflation ticked up in July, reversing some progress in fight to slow price hikes
Anton Petrus/Getty Images(NEW YORK) -- Consumer prices rose 3.2% last month compared to a year ago, marking an uptick that reverses some of the progress achieved in the monthslong fight to bring infla...
Max Zahn, ABC News Aug 10, 2023

Royal Chicken Wraps join the menu at Burger King
Burger King(NEW YORK) -- Chicken Caesar wraps are all over food TikTok and whether you're on the social media video sharing app or not, a tasty chicken sandwich in portable, easy-to-eat wrap form is s...
Kelly McCarthy, ABC News Aug 10, 2023

When will gas prices stop rising? Experts weigh in
Brandon Bell/Getty Images(NEW YORK) -- Drivers have enjoyed relief at the gas pump this summer compared with eye-popping prices a year ago, but an alarming trend has emerged in recent weeks: Pric...
Max Zahn, ABC News Aug 09, 2023

Cadillac's Escalade SUV goes electric: What to know
Cadillac(NEW YORK) -- Cadillac's newest Escalade sport utility vehicle is more brash, commanding and luxurious than the current model. It's also electric. "The first word you get is 'Wow,'" John ...
Morgan Korn, ABC News Aug 09, 2023

IKEA to open store in downtown San Francisco this month, defying retail exodus
virtualphoto/Getty Images(NEW YORK) -- IKEA, the global furniture giant, will open a store in downtown San Francisco later this month, the company announced on Tuesday, defying an onrush of retail dep...
Max Zahn, ABC News Aug 09, 2023

Can Threads overtake X, formerly known as Twitter? Experts weigh in.
Karl Tapales/Getty Images(NEW YORK) -- Plans for a cage match between billionaire entrepreneurs Mark Zuckerberg and Elon Musk regained momentum on Sunday when Zuckerberg said in a post on Threads that...
Max Zahn, ABC News Aug 09, 2023

FTX founder Sam Bankman-Fried still slapped with campaign finance charge, prosecutors say
Yuki Iwamura/Bloomberg via Getty Images(NEW YORK) -- Federal prosecutors in New York on Tuesday signaled their intention to hold embattled crypto executive Sam Bankman-Fried accountable for alleg...
Aaron Katersky and Max Zahn, ABC News Aug 08, 2023

Campbell will acquire Rao's premium sauces parent company for $2.7 billion
Justin Sullivan/Getty Images(NEW YORK) -- The Campbell Soup Company is expanding its presence on grocery store shelves with a new deal to acquire Sovos Brands Inc., the maker of Rao's pasta sauces and...
Kelly McCarthy via GMA Aug 07, 2023

CEOs' pay climbed before layoffs at tech giants like Alphabet and Microsoft, data shows
Steve Taylor/SOPA Images/LightRocket via Getty Images(NEW YORK) -- While some tech giants neared or imposed widespread layoffs last year, compensation for their CEOs climbed as much as tens of mi...
Max Zahn, ABC News Aug 05, 2023

Record $1.58 billion Mega Millions jackpot won by one ticket sold in Florida
IronHeart/Getty Images(NEW YORK) -- A single ticket sold in Florida won the estimated $1.58 billion jackpot in Tuesday night's Mega Millions drawing, a record high for the lottery and among the larges...
Kevin Shalvey, ABC News Aug 04, 2023
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