Category Archives: Business News – ABC Audio
New to electrification? Try a plug-in hybrid first
Westend61/Getty Images(NEW YORK) -- Let's be honest: electric vehicles can get a bad rap. Maybe it's range anxiety. Or the scarcity -- and uncertainty -- of public charging stations. Both are valid re...
Mar 20, 2023
'Uncharted territory': How would a TikTok ban in the US work?
Mario Tama/Getty Images(NEW YORK) -- Awkward dads and their eager children may not dance together on TikTok for much longer -- at least not in the U.S. The prospect of a nationwide TikTok ban has...
Mar 18, 2023
Here's who's made money amid the Silicon Valley Bank turmoil
IronHeart/Getty Images(NEW YORK) -- A string of bank collapses in recent days sent panic rippling through the financial sector, prompting an extraordinary U.S. government intervention to save deposito...
Mar 17, 2023
Class action suit filed against Silicon Valley Bank’s parent company, executives
Witthaya Prasongsin/Getty Images(NEW YORK) -- SVB Financial Group and top executives have been named in a federal lawsuit amid the collapse of Silicon Valley Bank, the largest bank failure since the 2...
Mar 17, 2023
Pension funds report millions in losses amid Silicon Valley Bank collapse
Anton Petrus/Getty Images(NEW YORK) -- An Ohio public pension fund for teachers revealed it lost millions by holding more than $27 million in Silicon Valley Bank shares before the bank’s collaps...
Mar 17, 2023
OpenAI CEO Sam Altman says AI will reshape society, acknowledges risks: 'A little bit scared of this'
ABC News(NEW YORK) -- The CEO behind the company that created ChatGPT believes artificial intelligence technology will reshape society as we know it. He believes it comes with real dangers, but can al...
Mar 16, 2023
Ford recalling over 1 million cars over brake hose issue
Daniel Acker/Bloomberg via Getty Images(NEW YORK) -- Ford announced this week that it is recalling more than 1.2 million of its vehicles over a serious issue with its brake fluid hoses. The National H...
Mar 16, 2023
TikTok has your data even if you've never used the app: Report
NurPhoto/Getty Images(WASHINGTON) -- A ban on TikTok in the United States or a sale of the app by its Chinese owner, ByteDance, will not resolve national security concerns or fears TikTok could be use...
Mar 16, 2023
Treasury Secretary Yellen testifies 'banking system is sound'
Chip Somodevilla/Getty Images(WASHINGTON) -- Treasury Secretary Janet Yellen told Congress on Thursday the U.S. "banking system is sound" after two bank failures stirred economic fears. Yellen, w...
Mar 16, 2023
A bailout or not? Did the federal government bailout Silicon Valley Bank and Signature Bank?
IronHeart/Getty Images(NEW YORK) -- The word “bailout” is sure to make anyone who remembers the 2008 financial crisis nostalgic in all the worst ways. At the time, the government used taxp...
Mar 16, 2023
