Category Archives: Business News – ABC Audio
US hiring slows but hurricane fallout blurs findings
Via e U.S. Bureau of Labor Statistics(WASHINGTON) -- U.S. hiring slowed in October, but fallout from hurricanes and labor strikes likely caused an undercount of the nation’s workers.A fresh jobs...
Nov 01, 2024
US economy grew at robust pace in third quarter
James Marshall via Getty Images(NEW YORK) -- The U.S. economy grew at a robust pace over three months ending in September, slowing slightly from the previous quarter but continuing to dispel any conce...
Oct 30, 2024
Subway sued for allegedly shorting customers on meat, 'false and misleading advertisements'
Jakub Porzycki/NurPhoto via Getty Images(NEW YORK) -- A newly filed lawsuit has accused Subway of “unfair and deceptive trade practices” and selling its steak-and-cheese sandwiches based o...
Oct 30, 2024
Striking Boeing workers rejected a new contract. Here's what happens next
JASON REDMOND/AFP via Getty Images(SEATTLE) -- Boeing machinists overwhelmingly rejected a contract proposal this week, opting to extend a weekslong strike and send negotiators back to the bargaining ...
Oct 24, 2024
Electric vehicles and the $350K Celestiq: How Cadillac is trying to win back customers
Cadillac(NEW YORK) -- General Motors is "very serious about making Cadillac a premium brand again," Michael Simcoe -- the company's senior vice president of global design -- told ABC News in an interv...
Oct 20, 2024
Netflix stock soars after earnings boost from hit shows 'Nobody Wants This' and 'Emily in Paris'
STEFANIA ROSINI/NETFLIXShares of Netflix climbed about 9% in early trading on Friday after a strong earnings report propelled by hit shows like "Nobody Wants This" and "The Perfect...
Oct 18, 2024
Would Trump's tariffs trigger a global trade war? Experts weigh in
General_4530/Getty Images(WASHINGTON) -- Former President Donald Trump has proposed tariffs as the solution for a host of perceived ills: the decline of U.S. manufacturing, the arrival of undocumented...
Oct 18, 2024
Boeing to cut approximately 17,000 jobs over the coming months
Dominika Zarzycka/NurPhoto via Getty Images(NEW YORK) -- Boeing will reduce the size of its total workforce by 10% over the coming months, CEO Kelly Ortberg said in a letter to employees on Friday.Tha...
Oct 11, 2024
How inflation largely came back to normal, according to experts
Andrew Harnik/Getty Images(NEW YORK) -- Inflation has loomed over the U.S. economy like a movie villain, haunting grocery store trips and gas runs. While costs remain much higher than they were a few ...
Oct 11, 2024
Gas shortages caused by Hurricane Milton will take days to address, experts say
Joe Raedle/Getty Images(TAMPA, Fla.) -- Hurricane Milton left widespread gasoline shortages across Florida after it made landfall on Wednesday night and cut across the state. The damage exacerbated fu...
Oct 10, 2024
