Category Archives: Business News – ABC Audio
Sam Bankman-Fried to testify as lawmakers demand answers on FTX's downfall
ABC News(WASHINGTON) -- Former FTX CEO Sam Bankman-Fried will appear before Congress to testify on the collapse of the giant, $32-billion cryptocurrency exchange. The House Financial Services Committe...
Dec 10, 2022
More funds recovered for victims of Bernie Madoff
IronHeart/Getty Images(NEW YORK) -- The trustee for the liquidation of Bernie Madoff’s defunct and fraudulent investment firm announced on Friday a new distribution of recovered funds to swindle...
Dec 09, 2022
Why the jobs boom could worsen inflation and help trigger a recession
Catherine McQueen/Getty Images(NEW YORK) -- The economy has set off emergency sirens this year over growing recession fears, sky-high inflation and a battered stock market. But one area has allayed wo...
Dec 09, 2022
'New York Times' reporters and other staff stage 24-hour strike
Michael M. Santiago/Getty Images(NEW YORK) -- More than 1,000 journalists and other workers at The New York Times launched a 24-hour strike on Thursday, a protest over ongoing contract negotiations th...
Dec 08, 2022
How millions of missing workers are making do without a job
KLH49/Getty Images(NEW YORK) -- Recession fears have mounted in recent weeks, as inflation continues to strain household budgets and the Federal Reserve appears set to raise interest rates and further...
Dec 08, 2022
Last-minute shipping dates for USPS, FedEx and UPS, plus Free Shipping Day details
CHUYN/Getty Images(NEW YORK) -- Have gifts to ship that you want to arrive by Christmas? Then taking a trip to the post office might be in your future. Each year, we spend time sweating over getting h...
Dec 08, 2022
End of an era as final Boeing 747 rolls off assembly line
David Ryder/Bloomberg via Getty Images(EVERETT, Wash.) -- After 54 years of production, the most recognizable and iconic commercial aircraft is fading into the sunset as Boeing prepares to deliver its...
Dec 08, 2022
Texas Gov. Greg Abbott bans TikTok on state devices
Jakub Porzycki/NurPhoto via Getty Images(AUSTIN) -- Texas Gov. Greg Abbott directed state agencies on Wednesday to ban the use of social media platform TikTok on government-issued devices over concern...
Dec 07, 2022
Sunny Balwani, Elizabeth Holmes' former partner, sentenced in Theranos fraud case
Jason Marz/Getty Images(NEW YORK) -- Ramesh "Sunny" Balwani, the former romantic partner of Elizabeth Holmes and president of disgraced blood testing company Theranos, was sentenced Wednesday to 155 m...
Dec 07, 2022
AI photography is taking over social media. Why are some concerned about privacy?
Karl Tapales/Getty Images(NEW YORK) -- The latest social media trend to be sweeping people's feeds is sharing virtual avatars generated through the Lensa AI app. Lensa, which has been around since 201...
Dec 07, 2022
