Category Archives: Business News – ABC Audio
Dunkin' adds breakfast tacos to morning menu in a sea of savory fast food competition
Dunkin'(NEW YORK) -- From the iconic Egg McMuffin at McDonald's to French Toast Sticks at Wendy's, the competition among fast food chains to serve Americans breakfast has registered another entry. Dun...
Mar 24, 2023
TikTok CEO Shou Zi Chew testimony updates: Company hopes to stave off possible ban
Photo by Mike Kline (notkalvin)/Getty Images(WASHINGTON) -- A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on Thursday when ...
Mar 23, 2023
Foot Locker announces plan to close 400 stores by 2026
Nikolas Kokovlis/NurPhoto via Getty Images(NEW YORK) -- Foot Locker plans to close 400 stores in North America by 2026 as it rebrands part of its business, the company announced Monday. The compa...
Mar 22, 2023
US banking system 'sound and resilient,' Fed Chair Jerome Powell says
Alex Wong/Getty Images(WASHINGTON) -- Federal Reserve Chair Jerome Powell on Wednesday called the U.S. banking system "strong and resilient," voicing confidence in the nation's financial system a...
Mar 22, 2023
Fed raises interest rates 0.25%, intensifying inflation fight despite banking fears
Bloomberg Creative/Getty Images(WASHINGTON) -- The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, intensifying the central bank's fight against inflation despite...
Mar 22, 2023
Former Trump official calls TikTok a 'digital virus'
ABC News(NEW YORK) -- TikTok is facing growing scrutiny from government officials over cybersecurity fears about Americans' data. U.S. officials are reportedly demanding that Chinese owners sell ...
Mar 21, 2023
Experts answer questions on home, car buying amid high interest rates and banking crisis
Phillip Spears/Getty Images(NEW YORK) -- As fallout continues from the Silicon Valley Bank collapse -- the second-biggest bank failure in U.S. history -- people across the country are simultaneously f...
Mar 21, 2023
Yellen says bank 'situation is stabilizing,' smaller banks play important role
ANDREW CABALLERO-REYNOLDS/AFP via Getty Images(WASHINGTON) -- Treasury Secretary Janet Yellen said Tuesday that "the situation is stabilizing and the U.S. banking system remains sound," after regional...
Mar 21, 2023
The banking crisis threatens the Fed's inflation fight. Here's how.
Javier Ghersi/Getty Images(NEW YORK) -- The collapse of Silicon Valley Bank, the second-biggest bank failure in U.S. history, has thrust the financial system into distress, pulling attention away from...
Mar 21, 2023
Fed was aware of Silicon Valley Bank problems more than a year before its collapse
Bloomberg Creative/Getty Images(WASHINGTON) -- The Federal Reserve was aware of risks to Silicon Valley Bank more than a year before its collapse, ABC News confirmed on Monday following a New York Tim...
Mar 20, 2023
