Category Archives: Business News – ABC Audio

The US economy has defied recession forecasts for years. Is this time different?
Andrew Brookes/Getty Images, STOCK(NEW YORK) -- A worldwide selloff jolted markets on Monday in the aftermath of a weaker-than-expected U.S. jobs report that elicited fear of an economic recession.Jap...
Max Zahn, ABC News Aug 05, 2024

Stocks recover some losses after tumultuous trading, calls grow for a Fed rate cut
Matteo Colombo/Getty Images(NEW YORK) -- Stocks plummeted on Monday as markets worldwide reckoned with a disappointing jobs report last week that fueled concern of a possible recession.When markets op...
Max Zahn, ABC News Aug 05, 2024

What's behind the recent stock selloff?
Getty Images - STOCK/Yuichiro Chino(NEW YORK) -- The major stock indexes dropped significantly on Friday after a weaker-than-expected jobs report stoked worries of a possible recession.In early tradin...
Max Zahn, ABC News Aug 03, 2024

Trump is wrong about immigrants taking 'Black jobs,' economists say
Scott Olson/Getty Images(WASHINGTON) -- Former President Donald Trump this week voiced an alarming claim about the alleged threat that immigrants pose to Black workers."Coming from the border are mill...
Max Zahn, ABC News Aug 02, 2024

Disappointing jobs report fuels recession worries and calls for interest rate cut
Andrew Harnik/Getty Images(NEW YORK) -- A weaker-than-expected jobs report on Friday fueled concern about a potential economic recession and calls for an interest rate cut.Employers hired 114,000 work...
Max Zahn, ABC News Aug 02, 2024

Disappointing jobs report fuels recession worries and calls for interest rate cut
Kwanchai Lerttanapunyaporn / EyeEm/Getty Images(WASHINGTON) -- A weaker-than-expected jobs report on Friday fueled concern about a potential economic recession and calls for an interest rate cut.Emplo...
Max Zahn, ABC News Aug 02, 2024

Elon Musk is taking a larger role in the election. Can he influence voters?
Samuel Corum/Bloomberg via Getty Images(NEW YORK) -- Less than a week after Elon Musk publicly endorsed the candidacy of former President Donald Trump, he shared an edited video of Vice President Kama...
Max Zahn, ABC News Aug 01, 2024

Spirit Airlines adapts to stay afloat: What to know about new changes
A Spirit Airlines takes off from Oakland International Airport on May 06, 2024 in Oakland, California. (Justin Sullivan/Getty Images)(NEW YORK) -- Spirit Airlines is shifting gears from its famously n...
Kelly McCarthy, ABC News Aug 01, 2024

Boar's Head expands recall to additional 7 million pounds of deli meat, poultry products
USDA(NEW YORK) -- Boar's Head has expanded its previous recall on several types of deli meats to include an additional 7 million pounds of ready-to-eat meat and poultry products that may be contaminat...
Kelly McCarthy, ABC News Jul 31, 2024

Fed holds interest rates steady, but cut expected soon
Bloomberg Creative/Getty Images(WASHINGTON) -- The Federal Reserve maintained its benchmark interest rate on Wednesday, keeping borrowing costs at their highest level in more than two decades despite ...
Max Zahn, ABC News Jul 31, 2024
We use cookies for various purposes including analytics and marketing. By continuing to use this service, you agree to use cookies by us and our third-party service providers as described in the Privacy Policy.
