Category Archives: Business News – ABC Audio
Peloton, once a pandemic darling, to cut 2,800 jobs
Ezra Shaw/Getty Images(NEW YORK) -- Peloton announced Tuesday a major leadership shakeup and a plan to cut costs that includes laying off some 2,800 employees. The announcement comes as the pandemic w...
Feb 08, 2022
DOJ announces arrests in alleged $4.5 billion cryptocurrency laundering scheme
Pavlo Gonchar/SOPA Images/LightRocket via Getty Images(WASHINGTON) -- The Justice Department on Tuesday announced the arrests of a New York couple charged with conspiring to launder cryptocurrency pre...
Feb 08, 2022
Russia-Ukraine tensions cause gas prices to soar
Michael Godek/Getty Images(NEW YORK) -- The recent tensions between Russia and Ukraine are affecting Americans at the pump. Prices for oil are now at their highest level in eight years. “Russia ...
Feb 08, 2022
Spotify CEO says 'canceling voices is a slippery slope' as Joe Rogan backlash mounts
Getty Images/Carmen Mandato (NEW YORK) -- Even in the face of mounting backlash, streaming giant Spotify is standing by embattled podcast host Joe Rogan. While the controversy initially centered aroun...
Feb 07, 2022
Flower prices rising ahead of Valentine’s Day
ArtistGNDphotography/Getty Images(DALLAS) -- With Valentine’s Day just one week away, the rush is on to get that special someone something special. But if flowers are a part of your gift, you'd ...
Feb 07, 2022
Frontier and Spirit airlines to merge
CT757fan/Getty Images(DENVER) -- Low-cost carriers Frontier Airlines and Spirit Airlines announced plans on Monday to merge, which would create the fifth-largest U.S. airline by revenue passeng...
Feb 07, 2022
Black History Month: How stores are celebrating, honoring and giving back
BojanMirkovic/Getty Images(NEW YORK) -- Black History Month is here, and many retailers are not only celebrating, but also amplifying and giving back to Black communities in beautiful ways. From big-b...
Feb 07, 2022
NewsCorp hit with cyberattack, allegedly from China
Spencer Platt/Getty Images(NEW YORK) -- Rupert Murdoch-owned media conglomerate NewsCorp was hit with a cyberattack, and a leading cybersecurity firm, Mandient, brought in to investigate concluded the...
Feb 04, 2022
How Black families can achieve financial freedom
ABC News(NEW YORK) -- In the United States, Black families have an estimated one-eighth of the wealth that white families have, according to research from the McKinsey Institute of Black Economic Mobi...
Feb 04, 2022
Delta CEO: Put convicted unruly passengers on national 'no-fly' list
Eric Lee/Bloomberg via Getty Images(WASHINGTON) -- After the worst year in history for unruly airline passengers, Delta’s CEO is asking the Department of Justice to help create a national "no-fl...
Feb 04, 2022
