Category Archives: Business News – ABC Audio
Kroger buys Albertsons in massive supermarket merger, what it means for consumers
Noel Hendrickson/Getty Images(NEW YORK) -- Two major U.S. supermarkets will combine forces after a unanimous all-cash merger agreement was reached between the boards of Kroger and Albertsons. Kroger, ...
Oct 14, 2022
What to know about inflation checks in New York
IronHeart/Getty Images(NEW YORK) -- In an effort to help families fight inflation, New York Gov. Kathy Hochul announced last month that New Yorkers would receive an average payment of $270 through the...
Oct 14, 2022
Higher heating bills expected this winter amid energy market turmoil: Report
Tetra Images/Getty Images(NEW YORK) -- Americans are expected to see higher energy bills when it comes to heating their homes this winter, according to a new analysis from the U.S. Energy Information ...
Oct 14, 2022
Mortgage rates soar as Federal Reserve raises rates
moodboard/Getty Images(NEW YORK) -- This week, mortgage rates in the United States reached a 16-year high in response to rising interest rates. Back in September, President Joe Biden told a reporter t...
Oct 13, 2022
Social Security benefits to increase 8.7% in 2023
Tetra Images/Getty Images(WASHINGTON) -- Social Security and Supplemental Security Income benefits for approximately 70 million Americans will increase 8.7% in 2023 as Americans deal with the highest ...
Oct 13, 2022
World Bank fight against poverty fails to address climate impact, critics say
uschools/Getty Images(WASHINGTON) -- The annual meeting of the World Bank, held throughout this week, spotlights the organization’s work to end poverty and support international development. Thi...
Oct 13, 2022
Inflation increased 0.4% in September
Tetra Images/Getty Images(WASHINGTON) -- The consumer price index rose 0.4% in September on a seasonally adjusted basis after rising 0.1% in August, the Labor Department said Thursday. Consumer prices...
Oct 13, 2022
Rail union rejects deal brokered by White House, renewing possibility of nationwide strike
Florian Roden / EyeEm/Getty Images(NEW YORK) -- A union representing about 12,000 rail workers on Monday voted down a tentative contract that was brokered by the White House last month ahead of a poss...
Oct 11, 2022
Here's how Elon Musk would change Twitter, according to experts
CARINA JOHANSEN/NTB/AFP via Getty Images(NEW YORK) -- After a monthslong saga cast Tesla CEO Elon Musk as suitor, critic and legal adversary of Twitter, the wealthiest person in the world appears pois...
Oct 11, 2022
Nobel Prize in economics awarded to former Fed Chair Bernanke and two professors
JONATHAN NACKSTRAND/AFP via Getty Images(NEW YORK) -- The Nobel Prize in economics was awarded to Ben Bernanke, Douglas Diamond and Philip Dybvig on Monday for their research on banks and financial cr...
Oct 10, 2022
