Category Archives: Business News – ABC Audio

How some of Donald Trump's business allies are reacting to federal indictment
Bing Guan/Bloomberg via Getty Images(NEW YORK) -- The indictment of former President Donald Trump on federal charges last week has elicited outcry from many of his prominent supporters in Washington D...
Max Zahn, ABC News Jun 15, 2023

Instant Pot, Pyrex maker files for Chapter 11 bankruptcy
RapidEye/Getty Images(NEW YORK) -- Instant Brands, the parent company of beloved kitchenware and houseware brands like Pyrex glassware and Instant Pot, has filed for Chapter 11 bankruptcy protection. ...
Kelly McCarthy, ABC News Jun 15, 2023

Federal Reserve pauses interest rates after 15 months of hikes
Bloomberg Creative/Getty Images(WASHINGTON) -- The Federal Reserve paused its aggressive series of interest rate hikes on Wednesday, ending a string of 10 consecutive rate increases that stretche...
Max Zahn, ABC News Jun 14, 2023

Frozen fruit sold at Costco recalled due to possible hepatitis A contamination
Wawona via FDA(NEW YORK) -- Wawona Frozen Foods, Inc. has issued a voluntary recall on large bags of frozen fruit that were sold at Costco Wholesale stores in five states. The recall includes year-old...
Kelly McCarthy, ABC News Jun 14, 2023

Reddit communities 'go dark' to protest planned platform changes
Carol Yepes/Getty Images(NEW YORK) -- Popular Reddit pages, known as “subreddits,” with names like /r/funny, /r/sports, /r/todayilearned and /r/music are currently inaccessible for new pos...
Michael Dobuski, ABC News Jun 13, 2023

Headed to college? For many, student loan debt remains the only option
jayk7/Getty Images(NEW YORK) -- For Haley Reyes, there were two questions looming over her senior year in high school at the Urban Assembly New York Harbor School in Manhattan. First, was whether she&...
Anne Flaherty, Mary Bruce, Mack Muldofsky, Anneke Ball and Lauren Lantry, ABC News Jun 13, 2023

Inflation dropped significantly in May, returning closer to normal levels
Javier Ghersi/Getty Images(NEW YORK) -- Consumer prices rose 4% last month compared to a year ago, dropping more than expected and bolstering hopes that inflation will return to normal levels. The fre...
Max Zahn, ABC News Jun 13, 2023

Rise of child labor stokes fight over worker laws
Getty Images/Thinkstock/STOCK(NEW YORK) -- Jose Velasquez Castellano said he first worked on a farm when he was 8 years old. At age 13, he began working shifts as long as 12 hours each summer in ...
Max Zahn and Sam Suzuki, ABC News Jun 12, 2023

How one woman is helping settle school lunch debt, advocating for universal free lunch
Tetra Images/Getty Images(NEW YORK) -- Millions of dollars in unpaid school lunch debt have been mounting in districts across the country, and one Virginia mom is on a mission to settle the bill in he...
Kelly McCarthy, ABC News Jun 09, 2023

'Nowhere to escape': Frontline workers contend with wildfire smoke, face repeat of pandemic divide
Matt Leichenger(NEW YORK) -- As wildfire smoke bathed New York City in fumes on Wednesday afternoon, UPS driver Matt Leichenger said he suffered a wave of nausea in the back of his truck with hardly a...
Max Zahn, ABC News Jun 09, 2023
We use cookies for various purposes including analytics and marketing. By continuing to use this service, you agree to use cookies by us and our third-party service providers as described in the Privacy Policy.
