Category Archives: Business News – ABC Audio
First Republic bank collapses, JPMorgan to take over, FDIC says
Justin Sullivan/Getty Images(NEW YORK) -- First Republic Bank has become the third bank to fail in recent months and JPMorgan Chase will assume all of its assets, according to the Federal Deposit Insu...
May 01, 2023
Weight loss company Jenny Craig to shut down corporate offices
Joe Raedle/Getty Images(CARLSBAD, Calif.) -- Weight loss giant Jenny Craig may shutter its corporate offices as early as Friday as part of a likely transition to an e-commerce company, ABC News has le...
May 01, 2023
Is the banking crisis over? Experts weigh in after First Republic Bank shares plunge
Photo by Justin Sullivan/Getty Images(NEW YORK) -- Turmoil in the financial system returned this week as shares of First Republic Bank, the nation's 14th-largest lender, plummeted more than 75%. ...
Apr 29, 2023
Kia and Hyundai owners now face new struggle: Getting parts for their stolen cars
Sjoerd van der Wal/Getty Images(NEW YORK) -- Kia and Hyundai owners whose cars were damaged or stolen in the wake of a social media video teaching people how to easily steal the cars are now wait...
Apr 29, 2023
Federal Reserve says it 'failed' in run up to Silicon Valley Bank collapse
Bloomberg Creative/Getty Images(NEW YORK) -- The Federal Reserve failed in its role as banking industry watchdog in the run up to the collapse of Silicon Valley Bank, the central bank said on Friday. ...
Apr 28, 2023
What GDP is and why it matters?
Javier Ghersi/Getty Images(NEW YORK) --The threat of a looming recession has heightened interest in the most commonly used measure of economic health: Gross domestic product, or GDP. The metric comman...
Apr 28, 2023
Famous Wendy's chili now coming to the canned aisle in grocery stores
Mike Kemp/In Pictures via Getty Images(NEW YORK) -- An iconic Wendy's menu item will soon be available to consumers without pulling up to a drive-thru window. On Wednesday, Wendy's announced a partner...
Apr 27, 2023
Fed Chair Jerome Powell duped by Russian tricksters pretending to be Zelenskyy on prank call
Bloomberg Creative/Getty Images(WASHINGTON) -- Federal Reserve Chair Jerome Powell spoke over the phone with two Russian pranksters falsely posing as Ukrainian President Volodymyr Zelenskyy, the centr...
Apr 27, 2023
US economic growth slowed significantly at start of 2023
Javier Ghersi/Getty Images(WASHINGTON) -- The U.S. economy slowed at the start of 2023, suggesting that an aggressive series of interest rate hikes at the Federal Reserve has cooled business activity ...
Apr 27, 2023
The Container Store will accept Bed Bath & Beyond coupons through May
KenWiedemann/Getty Images(NEW YORK) -- On the heels of Bed Bath and Beyond filing for bankruptcy and planning to close all of its stores, The Container Store has good news for customers with excess bl...
Apr 27, 2023
