Category Archives: Business News – ABC Audio
23andMe has filed for bankruptcy. What could happen to users' genetic data?
Justin Sullivan/Getty Images(NEW YORK) -- Over the weekend, genetic testing and biotechnology company 23andMe filed for Chapter 11 bankruptcy.Founded in 2006, the company became popular with millions ...
Mar 24, 2025
Elon Musk served by the SEC earlier this month, filing says
(Andrew Harnik/Getty Images)(NEW YORK) -- A representative of the Securities and Exchange Commission served Elon Musk earlier this month with a copy of a complaint alleging he misled investors when he...
Mar 21, 2025
Trump criticizes Federal Reserve, calls for lower interest rates
Federal Reserve Chairman Jerome Powell/Kevin Dietsch/Getty Images(WASHINGTON) -- President Donald Trump late Wednesday criticized the Federal Reserve, urging the central bank to reduce interest rates,...
Mar 20, 2025
Will Trump's tariffs threaten the Fed's soft landing? Experts weigh in.
Spencer Platt/Getty Images(WASHINGTON) -- Federal Reserve Chair Jerome Powell stepped to the podium in August with a sunny forecast that defied the snow-capped mountains inscribed on curtains behind h...
Mar 19, 2025
Fed set to make first interest rate decision since outbreak of trade war
Spencer Platt/Getty Images(NEW YORK) -- The Federal Reserve is set to announce its first interest rate decision since a global trade war touched off by President Donald Trump's tariffs sent stocks ree...
Mar 19, 2025
Tesla board members, executive sell off over $100 million of stock in recent weeks
Jakub Porzycki/NurPhoto via Getty Images(NEW YORK) -- As Tesla stock has fallen in recent weeks, members of the board and an executive at Elon Musk's company have been selling off millions of dollars ...
Mar 18, 2025
Gold prices are soaring. Is it a good investment amid the stock selloff?
Ni Lifang/VCG via Getty Images(NEW YORK) -- President Donald Trump’s tariffs sent stocks tumbling in recent weeks, but the uncertainty helped propel a different asset viewed as a safe haven: gol...
Mar 17, 2025
Harvard says tuition will be free for families making $200K or less
Harvard Yard/ Andrew Lichtenstein/Corbis via Getty Images)(CAMBRIDGE, Mass.) -- Harvard University on Monday announced that tuition will be free for students from families with annual incomes of $200,...
Mar 17, 2025
Consumer sentiment sours amid trade war, recession fears: Survey
lechatnoir/Getty Images(NEW YORK) -- Consumer attitudes soured in March alongside slumping markets and growing concern about a possible recession, University of Michigan survey data on Friday showed. ...
Mar 14, 2025
US stocks climb amid signs government may avert shutdown
Spencer Platt/Getty Images(NEW YORK) -- U.S. stocks climbed on Friday amid signs the federal government may avert a shutdown, recovering some of the losses suffered during an escalating trade war.The ...
Mar 14, 2025
