Category Archives: Business News – ABC Audio

Downfall of FTX and ex-CEO Sam Bankman-Fried: By the numbers
Stephanie Keith/Getty Images, FILE(NEW YORK) -- Cryptocurrency exchange FTX collapsed from a multibillion-dollar corporate darling into a bankrupt cautionary tale within a matter of weeks Former FTX C...
Max Zahn, ABC News Dec 13, 2022

Subaru recalls more than 270,000 SUVs due to a potential fire risk
Paul Marotta/Getty Images(NEW YORK) -- Subaru is recalling more than 270,000 SUVs due to a potential fire risk, with owners urged to park their cars outside until inspected and repaired. The recall im...
Meredith Deliso, ABC News Dec 13, 2022

Sam Bankman-Fried arrest updates: Former FTX CEO denied bail due to flight risk
ABC News(NEW YORK) -- The U.S. Securities and Exchange Commission on Tuesday charged Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, with def...
Aaron Katersky and Max Zahn, ABC News Dec 13, 2022

Inflation slowed in November, offering relief for consumers
Javier Ghersi/Getty Images(WASHINGTON) -- Consumer prices rose 7.1% last month compared to a year ago, continuing a monthslong decline from a 40-year record reached over the summer. Economists had pre...
Max Zahn, ABC News Dec 13, 2022

United Airlines orders 100 Boeing 787 Dreamliners, with options for 100 more
nycshooter/Getty Images(NEW YORK) -- United Airlines said Tuesday it planned to purchase 100 Boeing 787 Dreamliners, with options to buy an additional 100. The airline said the order for up to 200 air...
Sam Sweeney and Kevin Shalvey, ABC News Dec 13, 2022

What 'soft landing' means and the chances it will happen
Bloomberg Creative/Getty Images(NEW YORK) -- For well over a year, inflation has slowly sunk many U.S. households, soaking up Americans' savings. The aggressive fight against inflation by the Federal ...
Max Zahn, ABC News Dec 13, 2022

Meta said it will share software in attempt to combat terrorism, human trafficking
Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images(NEW YORK) -- Meta, formerly named Facebook, said it's opening up a piece of its technology to combat terrorism and human trafficking across ...
Beatrice Peterson, ABC News Dec 13, 2022

Elon Musk draws backlash, applause for tweet targeting Anthony Fauci
SAMANTHA LAUREY/AFP via Getty Images(NEW YORK) -- Elon Musk elicited backlash from liberal leaders and cheers from some conservative ones in response to a viral tweet on Sunday that called for Anthony...
Max Zahn, ABC News Dec 12, 2022

Hampton University freshmen gifted access to digital investing program: 'Start now'
BRENDAN SMIALOWSKI/AFP via Getty Images(HAMPTON, Va.) -- Incoming freshmen at Virginia's Hampton University will be the recipients of a large-scale school donation through the digital investing platfo...
Arthur Jones II, ABC News Dec 12, 2022

Impacted by inflation, workers in academia, make demands
Mel Melcon/Los Angeles Times via Getty Images(LOS ANGELES) -- Like many industries, graduate student workers at colleges and universities around the country are demanding better pay and living conditi...
Nadine El-Bawab, ABC News Dec 11, 2022
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