Category Archives: Business News – ABC Audio
Monthly car payments hit record high of $712 in May
Alan Schein Photography/Getty Images(NEW YORK) -- Average monthly car payments hit a record high in May while the cost of new vehicles continues to rise, according to industry insiders. A report from ...
Jun 15, 2022
Federal Reserve hikes interest rate by 0.75%
Tetra Images/Getty Images(WASHINGTON) -- The Federal Reserve raised interest rates significantly on Wednesday, hiking it 0.75%, escalating a strategy of increased borrowing costs that aims to dial bac...
Jun 15, 2022
Biden sends letter to oil refiners blasting high profits amid record gas prices
MANDEL NGAN/AFP via Getty Images(WASHINGTON) -- President Joe Biden on Wednesday sent a letter to seven major oil refiners blasting them for record profits amid the war in Ukraine as Americans pay rec...
Jun 15, 2022
US safety regulator issues warnings about certain baby rockers following 14 deaths
CPSC(NEW YORK) -- The U.S. Consumer Product Safety Commission issued warnings Tuesday after at least 14 deaths in recent years related to child rockers. The warnings covered certain Fisher-Price and K...
Jun 15, 2022
Experts eye fall deals as domestic flight prices skyrocket
Greg Bajor/Getty Images(NEW YORK) -- Prices for flights this summer have skyrocketed at unprecedented rates, and some travel experts say that travelers looking for deals should start planning for fall...
Jun 15, 2022
After Trump exits DC hotel, celebrity chef José Andrés returns with new restaurant
Samuel de Roman/Getty Images(WASHINGTON) -- Celebrity chef José Andrés on Monday announced plans to open a restaurant in the Old Post Office, the Washington landmark which recently reope...
Jun 15, 2022
Combination of debt payoff methods helped CEO pay off $48K student loan
jayk7/Getty Images(NEW YORK) -- Carmen Perez, 35, is the founder and CEO of MUCH, a millennial banking app for millennials and Gen Z. In 2016, Perez decided to get her finances together after she was ...
Jun 15, 2022
Couple pens book to share how they paid off $200K of debt and quit their jobs
ABC News(NEW YORK) -- Money can be a taboo topic -- whether it's in a relationship or in your career. But one couple successfully tackled it head on to create a road map for financial freedom. Julien ...
Jun 14, 2022
What stagflation means and why it matters
Toby Scott/SOPA Images/LightRocket via Getty Images(NEW YORK) -- For months, sky-high prices have pummeled the budgets of everyday Americans. But many have offset the damage, at least in part, with wa...
Jun 14, 2022
Stores report tampon shortage as women struggle to find product
Igor Golovniov/SOPA Images/LightRocket via Getty Images(NEW YORK) -- The latest supply shortage to hit stores in the United States is disproportionately impacting women who menstruate. Major retail ch...
Jun 13, 2022
