Category Archives: Business News – ABC Audio
Exclusive audio: Elon Musk tells Twitter employees return to office or 'resignation accepted'
CARINA JOHANSEN/NTB/AFP via Getty Images(NEW YORK) -- Elon Musk told Twitter staff during an all-hands meeting Thursday that they need to return to the office full-time, or "resignation accepted," he ...
Nov 11, 2022
Tips for Thanksgiving 2022 amid inflation, rising food costs and ways to save
GMVozd/Getty Images(NEW YORK) -- Financial challenges could cast a shadow on the first holiday feast of the season, but there are some solutions for Americans looking to enjoy Thanksgiving on a budget...
Nov 11, 2022
Senior members of Twitter's privacy, security teams exit after warning about Elon Musk
David Odisho/Getty Images(NEW YORK) -- Senior members of Twitter's privacy and security teams have exited the company, according to an internal message from a company lawyer obtained by ABC News that ...
Nov 11, 2022
How $32B crypto company FTX collapsed and sent digital currency reeling
Leon Neal/Getty Images(NEW YORK) -- The cryptocurrency sector is reeling after the collapse of FTX, a digital currency exchange valued earlier this year at $32 billion and made famous by a Super Bowl ...
Nov 11, 2022
Inflation cools but stays near 40-year high
Javier Ghersi/Getty Images(WASHINGTON) -- Consumer prices are up 7.7% over the year ending in October, but that's a significant drop from the 8.2% inflation rate a month prior and below 8% for the fir...
Nov 10, 2022
Deep-red Nebraska joins liberal states in adopting $15 minimum wage
MJHollinshead/Getty Images(NEW YORK) -- Nebraska is projected to approve a $15 minimum wage for workers amid a nationwide push for wage hikes that has predominantly taken hold in liberal states like N...
Nov 10, 2022
Microsoft co-founder's art collection sells for record $1.5 billion at auction
RapidEye/Getty Images(NEW YORK) -- Sixty artworks formerly owned by Paul G. Allen, the co-founder of Microsoft, were sold at auction for more than $1.5 billion at Christie's on Wednesday. The sale est...
Nov 10, 2022
Adidas cuts profit guidance amid Kanye West fallout
Jonathan Leibson/Getty Images for ADIDAS(NEW YORK) -- Adidas on Wednesday lowered its profit projections for the full year, saying its break-up with Yeezy is expected to affect its bottom line during ...
Nov 09, 2022
How Twitter's $8 verification plan works and why it's facing criticism
Jakub Porzycki/NurPhoto via Getty Images(NEW YORK) -- Elon Musk, who acquired Twitter late last month, has already made dramatic changes: firing top executives, laying off half of the company's staff ...
Nov 09, 2022
Mark Zuckerberg announces Meta will layoff 11,000 employees
Michaela Handrek-Rehle/Bloomberg via Getty Images(NEW YORK) -- Mark Zuckerberg has announced that Meta will be laying off 11,000 of its employees -- an estimated 13% of its workforce -- and will also ...
Nov 09, 2022
