Category Archives: Business News – ABC Audio
New Twitter CEO will be Linda Yaccarino, Elon Musk says
Tayfun Coskun/Anadolu Agency via Getty Images(NEW YORK) -- Ex-NBCUniversal advertising executive Linda Yaccarino will take over as CEO of Twitter, Elon Musk said on Friday. Musk, who runs Tesla and Sp...
May 12, 2023
Bitcoin has climbed 65% this year despite crypto woes. Experts explain why.
Namthip Muanthongthae/Getty Images(NEW YORK) -- The cryptocurrency industry, in recent months, has suffered some blows: high-profile bankruptcies, the arrest of wunderkind Sam Bankman-Fried and a regu...
May 12, 2023
Elon Musk says he has chosen new Twitter CEO, will step down within weeks
JasonDoiy/Getty Images(SAN FRANCISCO) -- Elon Musk has chosen a new CEO of Twitter and plans to step down from the role within about six weeks, the billionaire entrepreneur said on Thursday. Musk...
May 11, 2023
PacWest shares plummet after bank says it lost 9% of deposits last week
Eric Thayer/Bloomberg via Getty Images(NEW YORK) -- Shares of PacWest Bancorp plummeted more than 20% in early trading on Thursday after the regional lender said it faced a sizable withdrawal of depos...
May 11, 2023
Peloton recalls more than two million bikes over fall hazard
Gary Hershorn/Getty Images(NEW YORK) -- Peloton is recalling over 2 million bikes, warning that the bike seat post assembly could break and cause users to fall. Bike Model PL01, also known as the orig...
May 11, 2023
Uber to launch flight booking feature on app in UK
Greg Bajor/Getty Images(NEW YORK) -- Uber will soon allow customers to book plane tickets directly through its app. The new feature powered by online travel agent Hopper will roll out for users in the...
May 11, 2023
Price hikes cooled slightly in April, continuing monthslong slowdown
Javier Ghersi/Getty Images(NEW YORK) -- Consumer prices rose 4.9% last month compared to a year ago, extending a monthslong slowdown and bolstering hopes that inflation will continue its return back t...
May 10, 2023
Baked goods prices are rising much faster than overall inflation. Here's why.
Gabriela Tulian/Getty Images(NEW YORK) -- Customers at the bakery Nothing Bundt Cake, in Memphis, Tennessee, choose items from snickerdoodle, red velvet and blueberry bliss, among other flavors. But p...
May 10, 2023
More companies letting customers opt out of Mother's Day ads
Courtesy of Canva(NEW YORK) -- Although it's been over 20 years since Marisa Bardach Ramel's mom Sally died in 2002, the Colorado-based author said she's caught by surprise every year when Mother's Da...
May 10, 2023
Will summer travel be more expensive this year? It depends on where you go and how you get there
Craig Hastings/Getty Images(NEW YORK) -- Millions of Americans are planning summer trips in what could be the busiest summer travel season in years. Where you go and how you get there will determine i...
May 09, 2023
