Category Archives: Business News – ABC Audio
The 2023 Gerber 'spokesbaby' is a rainbow baby: 'Brought us immeasurable joy'
The Mendoza Family(NEW YORK) -- Meet Madison! The 9-month-old has been named the 2023 Gerber "Spokesbaby" and winner of the baby food brand's latest photo search contest, according to Gerber. In a pre...
Jul 12, 2023
Inflation cooled significantly in June, bringing price hikes close to normal levels
Javier Ghersi/Getty Images(WASHINGTON) -- Consumer prices rose 3% last month compared to a year ago, marking a significant slowdown and raising hopes that a prolonged bout of heightened inflation is n...
Jul 12, 2023
Bank of America ordered to pay more than $100 million for double charging fees, withholding rewards
Spencer Platt/Getty Images, FILE(NEW YORK) -- Bank of America was ordered to pay more than $100 million to customers for double-charging accounts with insufficient funds, denying reward payments to cr...
Jul 11, 2023
Powerball jackpot jumps to $875 million after no winners in Wednesday's drawing
LPETTET/Getty Images(NEW YORK) -- The Powerball jackpot is now an estimated $875 million for Saturday's drawing, after no winners took home the big payday on Wednesday night. The jackpot for Wednesday...
Jul 11, 2023
What to know about the potential UPS Teamsters strike
Yuichiro Chino/Getty Images(NEW YORK) -- Negotiations broke down this week between UPS and its Teamster-represented workers, weeks before their contract is set to expire. As a potential strike looms, ...
Jul 08, 2023
UPS workers' union leader explains what's at stake as strike edges closer
Ty O'Neil/SOPA Images/LightRocket via Getty Images(NEW YORK) -- Workers for UPS are edging closer to a strike after a breakdown in talks between the delivery giant and the Teamsters union representing...
Jul 07, 2023
How corporate America is slashing DEI workers amid backlash to diversity programs
Shannon Fagan/Getty Images(NEW YORK) -- Years after the death of George Floyd shined a spotlight on societal inequities, diversity professionals say some companies are turning their backs on the progr...
Jul 07, 2023
Tech company under fire after new lawsuit alleges anti-Asian bias
Jason Marz/Getty Images(SAN FRANCISCO) -- Asian Americans throughout Silicon Valley are unifying in support of one man after a new lawsuit was filed last month against Lumentum Operations, LLC, allegi...
Jul 06, 2023
FDA, FTC send cease and desists to six companies they say sell copycat candy, snack products with edible THC
Sarah Silbiger/Getty Images(WASHINGTON) -- The U.S. Food and Drug Administration and the Federal Trade Commission have jointly issued warning letters to six companies that they say illegally sold copy...
Jul 06, 2023
Twitter sends Meta cease-and-desist letter over new Threads app: Sources
Davide Bonaldo/SOPA Images/LightRocket via Getty Images(NEW YORK) -- Twitter sent Meta a cease-and-desist letter over the newly launched Threads app, sources familiar with the letter's existence told ...
Jul 06, 2023
