Category Archives: Business News – ABC Audio
How much will the Fed cut interest rates? Experts weigh in
Andrew Harnik/Getty Images(WASHINGTON) -- Borrowers eager for the Federal Reserve to abandon high interest rates could not have scripted a better four-word declaration than the one on Friday from Fed ...
Aug 26, 2024
Mate Rimac is going to revolutionize the auto industry. Then he will take a vacation.
The Rimac Nevera electric hypercar holds more than 20 performance records. -- Rimac Group(NEW YORK) -- Mate Rimac has a tall order: trying to convince drivers that electric supercars are superior to c...
Aug 26, 2024
How a Canadian rail shutdown could worsen US inflation
Andrew Chin/Getty Images(NEW YORK) -- Two major Canadian freight rail companies locked out thousands of workers on Thursday, shutting down cross-border shipping routes and risking serious damage for t...
Aug 22, 2024
What's next for Alaska, Hawaiian Airlines merger, how it could impact future flights
A Hawaiian Airlines airplane takes off near an Alaska Airlines airplane at Los Angeles International Airport (LAX), Dec. 5, 2023, in Los Angeles. (Eric Thayer/Bloomberg via Getty Images)(NEW YORK) -- ...
Aug 22, 2024
Trump Media stock is plummeting. These shareholders don't care
Anna Barclay/Getty Images(NEW YORK) -- Trump Media & Technology Group's stock dropped more than 11% this week, suffering from sour sentiment after a weak earnings report and the return of former P...
Aug 17, 2024
What a Kamala Harris presidency could mean for electric vehicles
Jon Challicom/Getty Images(WASHINGTON) -- On the road to the 2024 presidential election, Vice President Kamala Harris and former President Donald Trump's views on electric vehicles (EVs) have offered ...
Aug 16, 2024
Harris to propose up to $25K in down-payment support for 1st-time homebuyers
Justin Sullivan/Getty Images(RALEIGH, N.C.) -- When Vice President Kamala Harris unveils her economic policy proposals in Raleigh, North Carolina, on Friday, it will include a proposal to provide up t...
Aug 15, 2024
Egg prices continue to soar by nearly 20%, new inflation data shows
d3sign/Getty Images(NEW YORK) -- Slow and steady may win the race for a tortoise vs. a hare, according to Aesop's Fables. However, in reality, this turn of phrase does not ring true when applied to th...
Aug 15, 2024
Mars shakes up snack industry with $36B food merger to acquire Pringles maker
Packets of Pringles chips, manufactured by Kellanova, for sale at a supermarket in Palma de Mallorca, Spain, on Wednesday, Aug. 14, 2024. (Andrey Rudakov/Bloomberg via Getty Images)(NEW YORK) -- As mo...
Aug 15, 2024
Wallace Amos Jr., founder of Famous Amos cookies, dies at 88
A box of Kellogg Co. Famous Amos brand chocolate chip and pecan cookies is arranged for a photograph in Ottawa, Illinois, U.S., on Monday, April 1, 2019. (Daniel Acker/Bloomberg via Getty Images)(NEW ...
Aug 15, 2024
