Category Archives: Business News – ABC Audio

Super Bowl 2023 commercials that aired during the big game
Jeffrey Grigsby / EyeEm/Getty Images(NEW YORK) -- Some people watched Super Bowl LVII for the big game, while others watched for the halftime show when superstar Rihanna made her long-awaited return t...
Teddy Grant, ABC News Feb 09, 2023

Nearly five million Fabuloso cleaning products recalled due to bacteria risk
Consumer Product Safety Commission(NEW YORK) -- A number of popular Fabuloso cleaning products were recalled Wednesday by the Colgate-Palmolive Company due to risk of bacteria contamination, according...
Haley Yamada, ABC News Feb 09, 2023

Disney to eliminate 7,000 jobs, CEO Bob Iger says
Michael Kovac/Getty Images for AFI(BURBANK, Calif.) -- Disney is set to eliminate 7,000 jobs, CEO Bob Iger said on the company's earnings call on Wednesday. The company is targeting a total of $5.5 bi...
Max Zahn, ABC News Feb 08, 2023

Woman, 34, pays off $300,000 in debt in three years with five-step program
Bernadette Joy(NEW YORK) -- For those facing a mountain of debt, the burden can seem daunting, embarrassing and impossible to tackle. And while many across the country have debt from student loans, cr...
Sara Russell and Angeline Jane Bernabe, ABC News Feb 08, 2023

Baby formula milk companies 'exploit' parents' fears to boost sales, analysis alleges
Brandon Bell/Getty Images(NEW YORK) -- Many baby formula milk companies allegedly exploit parents' emotions and "manipulate" scientific data to boost sales, according to a major new analysis published...
Mary Kekatos and Sony Salzman, ABC News Feb 07, 2023

Biden proposes higher taxes for the rich. Here's how they work.
Anna Moneymaker/Getty Images(WASHINGTON) -- President Joe Biden on Tuesday touted the nation's economic health in his State of the Union Address, just days after a blockbuster jobs report showed ...
Max Zahn, ABC News Feb 07, 2023

Inflation fight has a 'long way to go,' Federal Reserve Chair Jerome Powell says
Liu Jie/Xinhua via Getty Images(WASHINGTON) -- Federal Reserve Chair Jerome Powell said Tuesday that the central bank's fight against inflation has "a long way to go," citing a blockbuster jobs report...
Max Zahn, ABC News Feb 07, 2023

Queen of Salsa, Celia Cruz, to appear on US quarter
Joshua Derr/Getty Images(NEW YORK) -- The Queen of Salsa and Cuban icon Celia Cruz has been selected to appear on the U.S. quarter. Cruz, who died in 2003, was selected by the United States Mint to be...
Rebecca Gelpi-Ufret, ABC News Feb 07, 2023

‘This is a big deal’: What to know about the new retirement savings law
IronHeart/Getty Images(NEW YORK) -- A major set of changes to the rules for retirement finances took effect this year, but many people may not have noticed. The rules were buried within a 4,000-page l...
Max Zahn, ABC News Feb 07, 2023

AMC announces new price system based on seat location: What to know
Fuse/Getty Images(NEW YORK) -- AMC Theatres announced a new ticket pricing initiative Monday that has customers paying based on where their seat is located. The initiative, called Sightline at AMC, is...
Carson Blackwelder, ABC News Feb 07, 2023
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