Category Archives: Business News – ABC Audio
No evidence of TikTok national security threat but reason for concern, experts say
Karl Tapales/Getty Images(NEW YORK) -- Social media app TikTok faces mounting bipartisan hostility in Washington D.C., where Biden administration officials and lawmakers are weighing a possible ban of...
Mar 28, 2023
Bank regulators blame SVB collapse on 'textbook' mismanagement during Senate grilling
Tetra Images - Henryk Sadura/Getty Images(WASHINGTON) -- The country's top banking regulators faced a grilling from lawmakers Tuesday about who was responsible for the the failures of Silicon Valley B...
Mar 28, 2023
Disgraced crypto exec Sam Bankman-Fried faces new bribery charge, pleads not guilty
Witthaya Prasongsin/Getty Images(NEW YORK) -- Embattled crypto executive Sam Bankman-Fried now faces an additional criminal charge of conspiracy to violate the anti-bribery provisions of the Foreign C...
Mar 28, 2023
Taylor Swift fans in court over Ticketmaster fiasco
RapidEye/Getty Images(LOS ANGELES) -- Taylor Swift fans got their day in court on Monday, months after the botched release of tour tickets prompted widespread outcry. A federal court in Los Angeles he...
Mar 27, 2023
Much of failed Silicon Valley Bank's assets to be sold to First Citizens, FDIC says
Patrick T. Fallon/AFP via Getty Images, FILE(NEW YORK) -- First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said. ...
Mar 27, 2023
How Rolls-Royce is winning over Tesla owners and millennials
Spectre is a "Rolls-Royce first, electric car second," the company says. -- Rolls-Royce(NEW YORK) -- It's a trend that's surprised even Rolls-Royce executives: Tesla owners frantically placing preorde...
Mar 27, 2023
High interest rates hammer consumers seeking mortgage or car loans
Alex Wong/Getty Images(NEW YORK) -- The banking crisis that erupted earlier this month elicited some predictions of a halt in interest rate hikes, since previous borrowing cost increases garnered...
Mar 25, 2023
Gordon Moore, co-founder and former chairman of Intel, dies at 94
Justin Sullivan/Getty Images(NEW YORK) -- Gordon Moore, the co-founder and former chairman of tech giant Intel, died Friday at the age of 94, the company and the Gordon and Betty Moore Foundation...
Mar 25, 2023
'A game changer': Ford CEO touts new electric vehicle plant
Bill Pugliano/Getty Images(NEW YORK) -- United Nations Secretary-General Antonio Guterres said that the world is "on thin ice" and called for "climate action on all fronts" earlier this week while rev...
Mar 24, 2023
Woman's simple five-step method to save $1,000 a month on groceries
Kinga Krzeminska/Getty Images(NEW YORK) -- One woman who said her family was in debt and one step away from financial disaster made a change in her spending at the grocery store that's paying off big....
Mar 24, 2023
