Category Archives: Business News – ABC Audio
T-Mobile to pay nearly $20 million after outage leads to thousands of 911 calls failing
iStock/ChiccoDodiFC(NEW YORK) -- T-Mobile will pay some $19.5 million as part of a settlement with the Federal Communications Commission after a 12-hour outage in June of last year resulted in the fai...
Nov 24, 2021
When might the release from the US strategic oil reserve affect gas prices?
Extreme Media/iStock(NEW YORK) -- The White House announcement Tuesday that the U.S is taking the rare step of releasing oil from the nation's strategic reserve in an attempt to lower gas prices comes...
Nov 24, 2021
Macy's iconic Thanksgiving Day Parade balloons are now NFTs
webpay/iStock(NEW YORK) -- Macy's is turning some of the iconic balloon designs from its annual Thanksgiving Day parades into non-fungible tokens (NFTs), some of which will be auctioned to benefit the...
Nov 24, 2021
Kellogg restarts talks with workers as strike enters seventh week
Rey Del Rio/Getty Images(BATTLE CREEK, Mich.) -- Negotiations are resuming on Monday between Kellogg Co. and the union representing some 1,400 cereal plant workers who have been on strike for more tha...
Nov 22, 2021
Inflation, supply chain issues add to Americans' struggles this Thanksgiving
Mario Tama/Getty Images(KANSAS CITY, Mo.) -- With inflation driving up costs and Thanksgiving right around the corner, Americans across the country are feeling the effects. Kansas City mother of four ...
Nov 22, 2021
Biden nominates Federal Reserve Chairman Jerome Powell to 2nd term
pabradyphoto/iStock(WASHINGTON) -- President Joe Biden announced Monday he will nominate Federal Reserve Chairman Jerome Powell to a second four-year term amid new concerns about controlling inflation...
Nov 22, 2021
Where prices are rising and how Americans can navigate inflation this holiday season
Aja Koska/iStock(NEW YORK) -- Prices on household essentials like groceries and gas are climbing at a rapid clip, causing new financial distress for Americans right as they plan their first holiday ga...
Nov 22, 2021
Theranos founder Elizabeth Holmes returns to the stand in fraud trial
JasonDoiy/iStock(SAN JOSE, Calif.) -- Theranos founder Elizabeth Holmes will return to the stand on Monday at her criminal fraud trial in a California federal court. Holmes, who is accused of defraudi...
Nov 22, 2021
Looking back on 20 years of the XBox
Microsoft(NEW YORK) -- This week marks twenty years since Microsoft unveiled the very first XBox. On November 15, 2001, at an event that included a guest appearance from Duane “The Rock&rd...
Nov 19, 2021
Prosecution rests in Elizabeth Holmes trial after nearly 11 weeks
Justin Sullivan/Getty Images(SAN JOSE, Calif.) -- Federal prosecutors have rested their nearly 11-week case against Elizabeth Holmes, the former Theranos CEO accused of misleading investors to bankrol...
Nov 19, 2021
