Category Archives: Business News – ABC Audio

Civil rights leaders demand meeting with Elon Musk
CONSTANZA HEVIA/AFP via Getty Images(NEW YORK) -- The top executives of three civil rights groups are demanding a meeting with new Twitter owner Elon Musk following what they say has been a rise in ra...
Beatrice Peterson, ABC News Nov 03, 2022

Starbucks red holiday cups return for 25th year, plus peppermint mocha and new pastries
Courtesy of Starbucks(NEW YORK) -- Starbucks is officially in holiday mode with the return of its iconic red cups and special holiday menu. Starting Thursday, Nov. 3, Starbucks will celebrate the retu...
Kelly McCarthy, ABC News Nov 03, 2022

Aldi offers Thanksgiving Price Rewind for affordable holiday options
Aldi(NEW YORK) -- This Thanksgiving, amid inflation and rising food prices, shoppers can find savings on meal ingredients thanks to a new promotion from Aldi. The grocery retailer announced its "Thank...
Kelly McCarthy, ABC News Nov 03, 2022

Federal Reserve approves another 0.75-point rate hike
Chip Somodevilla/Getty Images(WASHINGTON) -- The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.75% to slow key areas of the economy and tame inflation, which is...
Max Zahn, ABC News Nov 02, 2022

CBS, Les Moonves to pay $30M in deal with NY attorney general over sexual misconduct claims
David Paul Morris/Bloomberg via Getty Images(NEW YORK) -- CBS and its senior leadership knew about multiple allegations of sexual assault against former chief executive Les Moonves but intentionally c...
Aaron Katersky, ABC News Nov 02, 2022

CVS, Walgreens agree to $10 billion opioid settlement
Paul Weaver/SOPA Images/LightRocket via Getty Images(NEW YORK) -- CVS Health and Walgreens on Wednesday said they had agreed in principle to pay about $10 billion in total to settle a series of opioid...
Kevin Shalvey, ABC News Nov 02, 2022

Fed expected to impose another major rate hike, intensifying inflation fight
Bloomberg Creative/Getty Images(WASHINGTON) -- Economists expect another jumbo-sized increase in borrowing costs when the Federal Reserve announces its interest rate decision on Wednesday. Mounting ev...
Max Zahn, ABC News Nov 02, 2022

Hate speech increased on Twitter after Elon Musk takeover, study finds
Jakub Porzycki/NurPhoto via Getty Images(NEW YORK) -- A new study from Montclair State University showed a dramatic increase in hate speech on Twitter immediately following Elon Musk’s acquisiti...
Kiara Alfonseca, ABC News Nov 01, 2022

FCC commissioner says US should ban TikTok: Report
Avishek Das/SOPA Images/LightRocket via Getty Images(WASHINGTON) -- A commissioner at the Federal Communications Commission on Tuesday called on the U.S. government to ban social media platform TikTok...
Max Zahn, ABC News Nov 01, 2022

Gas prices could decide the midterms. Here's why.
Grace Cary/Getty Images, FILE(NEW YORK) -- Midterm election results may come down to the price of a gallon of gas. Roughly half of Americans say either the economy or inflation is the most important i...
Max Zahn, ABC News Nov 01, 2022
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