Category Archives: Business News – ABC Audio
Everything to know for the next Powerball drawing as jackpot hits $1 billion
IronHeart/Getty Images(NEW YORK) -- An estimated $1 billion jackpot is up for grabs in the next Powerball drawing. It's the third-largest purse in the game's history and the seventh-largest U.S. lotte...
Jul 18, 2023
Inflation has plummeted but these prices are still soaring
Cyril Marcilhacy/Bloomberg via Getty Images(NEW YORK) -- A better-than-expected inflation report last week bolstered hopes that a prolonged bout of severe price hikes is near its end -- but the c...
Jul 17, 2023
What to know about the actors' strike
CHRIS DELMAS /GETTY IMAGES (LOS ANGELES) -- A union representing roughly 160,000 actors launched a strike overnight, bringing Hollywood to a standstill just two months after TV and movie writers walke...
Jul 14, 2023
Elon Musk launches his own AI company to compete with ChatGPT
Carol Yepes/Getty Images(NEW YORK) -- Billionaire entrepreneur Elon Musk launched an artificial intelligence company called xAI on Wednesday, vowing to develop a generative AI program that competes wi...
Jul 13, 2023
Founder of cryptocurrency lending platform Celsius Network arrested
Catherine Falls Commercial/Getty Images(NEW YORK) -- The founder of cryptocurrency lending platform Celsius Network was arrested Thursday on federal charges. Alexander Mashinsky founded Celsius i...
Jul 13, 2023
Dark day for craft beer: Anchor Brewing ceases operations after 127 years
Anchor Steam Beer Brewery worker, March 28, 1978. -- Gary Fong/San Francisco Chronicle via Getty Images, FILE(SAN FRANCISCO) -- San Francisco is bidding farewell to one of its most iconic businesses, ...
Jul 13, 2023
Frustrated employees are 'loud quitting': What to know about the trend
Marko Geber/Getty Images(NEW YORK) -- First there was " quiet quitting," then there was " quiet hiring," and now the latest workplace trend is "loud quitting," new data shows. Nearly 1 in 5, or 18%, o...
Jul 13, 2023
SAG-AFTRA negotiating committee votes unanimously to recommend strike as Hollywood talks stall
Mario Tama/Getty Images(LOS ANGELES) -- The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) negotiating committee has voted unanimously to recommend a strike in a m...
Jul 12, 2023
Bob Iger to stay on as CEO of Walt Disney Company through 2026
Vittorio Zunino Celotto/Getty Images(NEW YORK) -- The Walt Disney Company has announced that Bob Iger will remain CEO for two additional years, extending his contract through Dec. 31, 2026. The W...
Jul 12, 2023
San Francisco's retail exodus goes beyond crime, experts say
Barry Winiker/Getty Images(SAN FRANCISCO) -- The slew of closures of retail stores in San Francisco in recent months doubles as a roundup of well-known shopping brands: Whole Foods, Old Navy and Nords...
Jul 12, 2023
