Category Archives: Business News – ABC Audio
End of expanded SNAP benefits may push Black, Latino communities into poverty: Study
Kinga Krzeminska/Getty Images(NEW YORK) -- When Alyn Carroll received information that her Supplemental Nutrition Assistance Program (SNAP) will soon be substantially decreased, her emotions almost ov...
Mar 01, 2023
TikTok faces bans in US and other countries. Here's why.
Dan Kitwood/Getty Images(WASHINGTON) -- The backlash against China-owned TikTok in the U.S. and other Western countries escalated in recent days, as some U.S lawmakers pushed to give President Joe Bid...
Feb 28, 2023
Former FTX executive Nishad Singh pleads guilty to charges related to crypto exchange's collapse
Beata Zawrzel/NurPhoto via Getty Images(NEW YORK) -- Nishad Singh, former director of engineering at FTX, the bankrupt cryptocurrency exchange founded by Sam Bankman-Fried, agreed Tuesday to plead gui...
Feb 28, 2023
As an Illinois auto factory closes, layoffs and economic worries extend into surrounding city
Scott Olson/Getty(BELVIDERE, Ill.) -- Over a thousand automotive workers in Illinois will clock out of a Jeep assembly plant for the last time Tuesday, stopping what a local union president described ...
Feb 28, 2023
Canned shrimp sold at major retailers across four states recalled over health concerns
FDA.gov (NEW YORK) -- Prepackaged shrimp that was distributed to retailers across four states has been recalled due to a possible health risk. Kawasho Foods USA Inc. initiatied a voluntary recall of i...
Feb 28, 2023
Airlines are changing thousands of flight schedules: What you need to know
Greg Bajor/Getty Images(NEW YORK) -- Airlines around the world are changing flight schedules for thousands of upcoming summer flights. If you've already booked a flight for May, June, July or August, ...
Feb 28, 2023
Financial aid startup Frank founder fires back at JP Morgan Chase
Virojt Changyencham/Getty Images(NEW YORK) -- JP Morgan Chase faced new accusations from Charlie Javice, the young entrepreneur behind the student financial aid startup Frank, which the bank acqu...
Feb 28, 2023
Commerce Department requiring CHIPS money be used for child care
Official White House Photo by Cameron Smith(WASHINGTON) -- The Commerce Department is requiring companies that apply for tens of billions in government funding to make semiconductors to allocate some ...
Feb 28, 2023
Pandemic-era food stamp benefits are about to end: What that means for Americans
Noel Hendrickson/Getty Images(NEW YORK) -- Deanna Hardy of Marshfield, Wisconsin, is stocking up on pricier food items like meat, eggs and salmon before her family’s monthly food stamp benefits ...
Feb 28, 2023
The labor market is booming and these jobs are growing the most
Douglas Sacha/Getty Images(NEW YORK) -- The job market is booming, despite headline-grabbing layoffs at tech behemoths like Amazon and Google. As illustrated by that contrast in fortunes, however, the...
Feb 28, 2023
