Category Archives: Business News – ABC Audio
Dogecoin rallies after Elon Musk tweet
Jakub Porzycki/NurPhoto via Getty Images(NEW YORK) -- Dogecoin rallied Friday after Tesla CEO Elon Musk tweeted the carmaker would now accept the cryptocurrency as payment for merchandise. Originally ...
Jan 15, 2022
How sky-high inflation is evaporating Americans' savings, imposing 'cruelest tax' on the poor
Guido Mieth/Getty Images(NEW YORK) -- The sneaky sting of inflation is catching many Americans by surprise as soaring prices erode their savings and prompt major sticker shock at the supermarket, gas ...
Jan 15, 2022
'Pharma Bro' Martin Shkreli ordered to pay $64 million for hiking cost of lifesaving drug
Drew Angerer/Getty Images(NEW YORK) -- Martin Shkreli became infamous, and earned the nickname "Pharma Bro," after he hiked the price of a potentially lifesaving antiparasitic medication in 2015. On F...
Jan 14, 2022
Electric pickup trucks are coming, but the road ahead could be rocky
Chevrolet(NEW YORK) – With all the splashy commercials, prestigious awards, and glitzy launch parties, you could be forgiven for thinking the electric car craze is actually an electric truck cra...
Jan 14, 2022
More rainy days from climate change could dampen economic growth: Study
TERADAT SANTIVIVUT/Getty Images(NEW YORK) -- More rainy days and extreme rainfall likely will hurt global economies, according to new research from the Potsdam Institute for Climate Impact Research. "...
Jan 12, 2022
Consumer prices climb 7% in the past year, highest jump since 1982
Robert Nickelsberg/Getty Images(WASHINGTON) -- The latest government data on inflation indicates consumer prices are continuing their rapid rise as pandemic-battered supply chains struggle to keep up ...
Jan 12, 2022
IRS to commence tax season early, warns of potential hiccups due to pandemic and funding issues
Andrew Harrer/Bloomberg via Getty Images(WASHINGTON) -- Tax season will begin early this year and is already forecast to be an especially "frustrating" one, the Internal Revenue Service has warned, as...
Jan 12, 2022
Guaranteed income experiment for Black women aims to tackle racial wealth gap
The Old Fourth Ward neighborhood in Atlanta, Ga. - Raymond Boyd/Getty Images(ATLANTA) -- When Michelle Lockhart was a teenager in Atlanta, she had to work two jobs -- as a camp counselor and fast-food...
Jan 12, 2022
Bank of America to slash overdraft fees amid pressure from consumer advocacy groups
GETTY/Jon Hicks(NEW YORK) -- Bank of America announced Tuesday that it will slash overdraft fees -- the fines consumers pay when they make a purchase with their debit card but don't have enough m...
Jan 11, 2022
Trump asks federal judge to halt civil investigation into his business practices by NY attorney general
Andrew Harrer-Pool/Getty Images(NEW YORK) -- Former President Donald Trump has asked a federal judge in New York to halt a civil investigation into his business practices by New York Attorney General ...
Jan 11, 2022
