Category Archives: Business News – ABC Audio
Price of bitcoin falls more than 10%
Namthip Muanthongthae/Getty Images(NEW YORK) -- The price of bitcoin has tumbled about 12% from a record high reached earlier this week.After topping $108,000 for the first time on...
Dec 20, 2024
Teamsters say 'momentum continues' as Christmastime strike against Amazon enters 2nd day
WABC(NEW YORK) -- As the Teamsters' cross-country Christmastime strike against Amazon entered its second day on Friday, the union said that "momentum continues to mount" as workers seek "fair treatmen...
Dec 20, 2024
Teamsters president to rally with workers as Amazon strike set to go into 2nd day
Amazon workers in New York striking Thursday morning. Image via WABC.(NEW YORK) -- Workers affiliated with the Teamsters began striking at Amazon facilities across the country Thursday morning -- in w...
Dec 19, 2024
Fed cuts interest rates, delivering relief for borrowers at last meeting before Trump takes office
Chris Unger/Zuffa LLC via Getty Images(WASHINGTON) -- The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at the central bank's last...
Dec 18, 2024
Bitcoin soars on hopes of bitcoin strategic reserve. Here's how it would work.
Chesnot/Getty Images(NEW YORK) -- The price of bitcoin topped $107,000 for the first time this week, climbing to a fresh high days after President-elect Donald Trump reaffirmed support for a U.S. bitc...
Dec 18, 2024
TikTok denied emergency request to stop ban from taking effect
Asanka Ratnayake/Getty Images(NEW YORK) -- The federal appeals court that last week rejected TikTok's attempt to overthrow its pending ban denied the company's request Friday that sought to pause the ...
Dec 13, 2024
Fed expected to cut interest rates despite rising inflation. Here's why
Stefani Reynolds/Bloomberg via Getty Images(WASHINGTON) -- A fresh inflation reading this week flashed a warning: Price increases are rising again, just when the Federal Reserve had appeared...
Dec 12, 2024
UnitedHealthcare CEO killing sparks hostility by some toward chief executives
DigitalVision/Getty Images(NEW YORK) -- Multiple "Wanted" signs featuring corporate executives posted in Manhattan this week included a grave warning, according to a New York Police Department bulleti...
Dec 12, 2024
Albertsons sues Kroger, backs out of $25B merger after courts block the deal
Mark Felix/Bloomberg via Getty Images(WASHINGTON) -- Albertsons has filed a lawsuit against its rival Kroger following a failed multibillion dollar deal that would have marked the biggest su...
Dec 11, 2024
Inflation increased in November, complicating Fed's next rate decision
Tang Ming Tung via Getty Images(WASHINGTON) -- Consumer prices rose 2.7% in November compared to a year ago, ticking upward from the previous month and potentially giving pause to the Federal Reserve ...
Dec 11, 2024
