Category Archives: Business News – ABC Audio
Heating bills to reach 10-year high this upcoming winter: NEADA report
Tetra Images/Getty Images(NEW YORK) -- Heating costs for the upcoming winter season are expected to increase by 17%, mainly impacting lower-income families, according to a new report from National Ene...
Sep 22, 2022
Fed hikes benchmark rate 0.75% in significant escalation of inflation fight
Bloomberg Creative/Getty Images(WASHINGTON) -- The Federal Reserve instituted a dramatic interest rate hike on Wednesday, the latest in a series of borrowing cost increases, as the central bank tries ...
Sep 22, 2022
Big bank CEOs sound alarm on inflation fight: 'Expect tougher times ahead'
Alex Wong/Getty Images(WASHINGTON) -- Chief executives at some of the largest U.S. banks sounded the alarm over sky-high inflation in testimony before Congress on Wednesday, warning that price hikes w...
Sep 22, 2022
New York AG Letitia James files $250M lawsuit against Trump for defrauding lenders, others
Robert Alexander/Getty Images(NEW YORK) -- For 20 years, Donald Trump and his family enriched themselves through "numerous acts of fraud and misrepresentations," New York Attorney General Letitia Jame...
Sep 21, 2022
This is how much money Black women lose to the pay gap
Marko Geber/Getty Images(NEW YORK) -- The wage gap that sees Black women earning less than white, non-Hispanic men can cost them as much as $2,000 per month, $23,000 per year and more than $900,000 ov...
Sep 21, 2022
How rapidly rising mortgage rates are squeezing prospective homebuyers
Phillip Spears/Getty Images(NEW YORK) -- For Emily and Michael Brown, the Federal Reserve’s rate hikes hit close to home. The Browns had been renting a two-bedroom apartment in Washington, D.C.,...
Sep 21, 2022
Fed expected to raise interest rates, escalate fight against inflation
Lance Nelson/Getty Images(NEW YORK) -- Wall Street will watch closely on Wednesday as the Federal Reserve is expected to escalate its fight against inflation with a dramatic interest rate hike. The mo...
Sep 20, 2022
Fed rate hikes haven't curbed inflation much. These policies would work instead, economists say
Tetra Images/Getty Images(WASHINGTON) -- A hotter-than-expected inflation report last week dispelled hopes of relief for strained households and rekindled questions about U.S. policy for fighting sky-...
Sep 20, 2022
These sisters used social media to supercharge their parents' small business
Gipsy Rodriguez(NEW YORK) -- Sisters Gipsy and Gelssy Rodriguez of Anaheim, California, are the social media powerhouses behind their parents' popular quinceañera dress shop, Moda2000. The stor...
Sep 20, 2022
Kim Kardashian teases new SKIMS bra launch coming soon
Kevin Mazur/Getty Images for Nordstrom(NEW YORK) -- "Guys, these are the most comfortable bras you will ever wear," Kim Kardashian said while giving the world a glimpse of her shapewear brand's latest...
Sep 20, 2022
