Category Archives: Business News – ABC Audio

Dow closes above 38,000 for 1st time ever, setting record high
d3sign/Getty Images, FILE(NEW YORK) -- The Dow Jones Industrial Average closed above 38,000 for the first time ever on Monday, setting a record high and capping a steady rise that stretches back to la...
Max Zahn, ABC News Jan 22, 2024

Microsoft corporate emails hacked by Russian-backed group, company says
Gary Hershorn/Getty Images(NEW YORK) -- Microsoft revealed Friday that some of its corporate email accounts were hacked by a Russian-backed group. The tech company said in a blog post that its securit...
Ivan Pereira, ABC News Jan 19, 2024

Sports Illustrated's publisher terminates most of staff in mass layoff
Marko Geber/Getty Images(NEW YORK) -- Sports Illustrated employees were notified on Friday that a "significant number, if not all" of their jobs were set to be eliminated, according to a new statement...
Leah Sarnoff, ABC News Jan 19, 2024

US postage stamp and shipping prices go up Sunday
Tony Anderson/Getty Images (NEW YORK) -- The U.S. Postal Service will increase stamp prices starting Sunday, a USPS representative confirmed to "Good Morning America." The cost of first-class stamps w...
Yi-Jin Yu, ABC News Jan 19, 2024

Credit card debt reaches record high in US
Adam Gault/Getty Images(NEW YORK) -- U.S. credit card debt has soared over the last couple of years and recently it reached a major milestone. Americans' combined credit card balances topped $1 trilli...
Elizabeth Schulze, Lindsey Griswold, Emily Lippiello and Ivan Pereira, ABC News Jan 19, 2024

Big Tech layoffs are back. Are other workers at risk?
Bridget Bennett/Bloomberg via Getty Images(NEW YORK) -- Big Tech companies laid off hundreds of employees in recent days, commanding headlines and confronting workers across the economy with a questio...
Max Zahn, ABC News Jan 18, 2024

US hiring stalled and prices increased modestly in recent weeks, Fed report says
Douglas Sacha/Getty Images(NEW YORK) -- U.S. economic activity changed little in recent weeks as hiring stalled, prices grew modestly and the private sector feared uncertainty tied to the 2024 electio...
Max Zahn, ABC News Jan 18, 2024

Bank overdraft fees may soon plummet. Here's what to know.
IronHeart/Getty Images(NEW YORK) -- Tens of millions of Americans who overdraft on their bank accounts each year may soon enjoy major relief. The government agency in charge of protecting consumers' f...
Max Zahn and Elizabeth Schulze, ABC News Jan 17, 2024

What to know about a proposed Wisconsin tax on electric vehicle chargers
Jon Challicom/Getty Images(NEW YORK) -- Electric vehicle charging stations could spring up at gas stations and grocery stores throughout Wisconsin, after the state Senate passed a proposed bill on Tue...
Max Zahn, ABC News Jan 17, 2024

The state of self-checkout: Target tests a new system as retailers combat long lines, inventory loss
Elena Zaretskaya/Getty Images(NEW YORK) -- Several major retailers are re-evaluating self-checkout for customers after analysts have seen inventory loss. "Retailers are really starting to use technolo...
Kelly McCarthy, ABC News Jan 17, 2024
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