Category Archives: Business News – ABC Audio
Meta fined $1.3 billion for violating European data privacy rules
CFOTO/Future Publishing via Getty Images(LONDON) -- Facebook’s parent company, Meta, was fined €1.2 billion, or about $1.3 billion, for failing to comply with the European Union’s pri...
May 22, 2023
Debt ceiling breach could cut millions of jobs. Here's who would lose employment first
Nitat Termmee/Getty Images(NEW YORK) -- As the U.S. hurtles closer to a default on its debt as early as next month, the economic consequences could prove devastating, especially for millions who stand...
May 19, 2023
How US national debt grew to its $31.4 trillion high
IronHeart/Getty Images(WASHINGTON) -- A ticking clock in Washington to avert default by raising the nation's borrowing limit is drawing attention to the $31.4 trillion debt already accrued by the Unit...
May 19, 2023
'Mom-fluencers' are cashing in on lucrative brand deals -- but not without some controversy
Jill Smokler, left, is shown during an interview with ABC News' Janai Norman. -- ABC News(NEW YORK) -- A year after "soft swinging" allegations embroiled a group of Mormon TikTok influencers in Utah, ...
May 19, 2023
General Motors recalls over 600k cars due to car seat safety issue
GMC(NEW YORK) -- General Motors is recalling over 660,000 SUVs due to a potential safety issue involving car seats. The National Highway Traffic Safety Administration posted a recall notice on its web...
May 18, 2023
What to know about the Montana TikTok ban
Jakub Porzycki/NurPhoto via Getty Images(HELENA, Mont.) -- A TikTok ban enacted by Montana -- the first state to impose such a law -- marked a major step in the growing U.S. backlash against the Chine...
May 18, 2023
Disney cancels planned Florida campus in Lake Nona
Firas Abdullah/Anadolu Agency via Getty Images(ORLANDO, Fla.) -- Disney announced on Thursday that it canceled plans for a new campus near Orlando, Florida. The development was planned for the Lake No...
May 18, 2023
'I didn't ask for this': Who pays for medical bills after mass shootings?
SOPA Images/LightRocket via Getty Images(NEW YORK) -- When Ashtin Gamblin remembers the night she was shot nine times, she can picture herself lying in the ambulance and worrying about whether she cou...
May 18, 2023
Senator calls on Fed to fire staff over Silicon Valley Bank failure
Michael Godek/Getty Images(WASHINGTON) -- Sen. Tim Scott, R-S.C., on Thursday called for firings at the Federal Reserve over the central bank's failure to regulate Silicon Valley Bank in the run-up to...
May 18, 2023
Why legendary music artists are selling the rights to their songs
NoSystem images/Getty Images(NEW YORK) -- A group of music artists that includes legends like Whitney Houston, through her estate, and Bob Dylan have sold all or part of their song catalogs in recent ...
May 18, 2023
