Category Archives: Business News – ABC Audio
Fed holds interest rates steady at 23-year high
Justin Sullivan/Getty Images(WASHINGTON) -- The Federal Reserve decided to hold its benchmark interest rate steady on Wednesday, prolonging an aggressive fight against inflation despite fresh data hou...
Jun 12, 2024
Inflation eased slightly in May, outperforming economists' expectations
Javier Ghersi/Getty Images(WASHINGTON) -- Consumer prices rose 3.3% in May compared to a year ago, easing slightly from the previous month and outperforming economists' expectations.The data arrived h...
Jun 12, 2024
In sweeping change, Biden administration to ban medical debt from credit reports
ATU Images/Getty Images(WASHINGTON) -- In a sweeping change that could improve millions of Americans' ability to own a home or buy a car, the Biden administration on Tuesday proposed a rule to ban med...
Jun 11, 2024
Theranos founder Elizabeth Holmes' appeal to be heard in San Francisco federal court
Former Theranos CEO Elizabeth Holmes alongside her boyfriend Billy Evans, walks back to her hotel following a hearing at the Robert E. Peckham U.S. Courthouse on March 17, 2023 in San Jose, California...
Jun 11, 2024
This app could help reduce your wait time at customs as TSA experiences record travel
onurdongel/Getty Images(NEW YORK) -- As airports prepare for the highest passenger volumes this summer, the Transportation Security Administration is bracing for the travel crush and sharing what pass...
Jun 11, 2024
Apple launches AI-fueled tools for iPhone, Mac and iPad
Andrej Sokolow/picture alliance via Getty Images(CUPERTINO, Calif.) -- Apple unveiled artificial intelligence-fueled features across several key products on Monday, heralding the long-awaited entry of...
Jun 10, 2024
Internal combustion engines are far from over: 'There was a bit of hype' around EVs, industry watchers say
Lamborghini says the successor to the Huracan will have an electrified twin-turbo V8 engine. A Huracan STJ is shown here. -- Lamborghini(NEW YORK) -- It's nearly impossible not to smile when you squee...
Jun 10, 2024
Jobs report blows past expectations, displaying resilient strength of US economy
Douglas Sacha/Getty Images(NEW YORK) -- A better-than-expected jobs report on Friday displayed the resilient strength of the U.S. economy, even after years of high interest rates and stubborn inflatio...
Jun 07, 2024
FDA reverses order taking Juul vaping products off the market in US, opens door to possible authorization
Michael M. Santiago/Getty Images(NEW YORK) --The U.S. Food and Drug Administration rescinded its marketing ban on Juul Labs on Thursday, opening the door to possible authorization of its products.The ...
Jun 06, 2024
Skyrocketing child care costs show how inflation could impact 2024 election
Lourdes Balduque/Getty Images(NEW YORK) -- Jessica Morrison and Jason West, a Philadelphia-area couple with a 4-year-old daughter, stood on the verge of a financial breakthrough.West was breezing thro...
Jun 06, 2024
