Category Archives: Business News – ABC Audio
Would Elon Musk sell X as losses mount? Experts weigh in
CEO Elon Musk attends the Atreju political meeting organised by the young militants of Italian right wing party Brothers of Italy - CREDIT: Future Publishing/Getty Images (NEW YORK) -- Days after Elon...
Jan 02, 2024
Over 657,000 infant formula cans recalled over potential bacteria contamination
FDA(NEW YORK) -- Over 675,000 cans of baby formula are being recalled for possible bacterial contamination, the company announced. Reckitt and Mead Johnson Nutrition, the makers of Enfamil and Nutrami...
Jan 01, 2024
Electric vehicle sales are slowing. No need for panic yet, insiders say.
Jon Challicom/Getty Images(NEW YORK) -- The recent headlines for electric vehicles have been brutal: Sales are dropping. Momentum is slipping. Consumers are souring on the technology. Experts say, how...
Jan 01, 2024
How Wall Street reckoned with climate change in 2023
Matteo Colombo/Getty Images(NEW YORK) -- Wildfire smoke bathed New York City's front-line workers in fumes, atmospheric rivers forced hundreds of thousands of California homes into darkness, and hurri...
Dec 29, 2023
Pizza Hut restaurants in California could lay off thousands as minimum wage law goes into effect
Brandon Bell/Getty Images -- A Pizza Hut store is seen on November 01, 2023.(NEW YORK) -- With the minimum wage in California increasing to $20 an hour for fast food workers in 2024, some Pizza Hut fr...
Dec 29, 2023
Pizza Hut restaurants in California could lay off thousands as minimum wage law goes into effect
Brandon Bell/Getty Images(LOS ANGELES) -- With the minimum wage in California increasing to $20 an hour for fast food workers in 2024, some Pizza Hut franchisees say they're preparing to eliminate job...
Dec 28, 2023
Amazon Prime Video will start showing ads next month
Carol Yepes/Getty Images(NEW YORK) -- Amazon will begin displaying advertisements in movies and TV shows on its Prime Video streaming service next month, the company said in an email to subscribers th...
Dec 28, 2023
Holiday spending grew, erasing worries of a downturn
lechatnoir/Getty Images(NEW YORK) -- Consumer spending grew solidly this holiday season, rebuking concerns of a slowdown and reinforcing positive signals about the U.S. economy as it approaches the en...
Dec 26, 2023
Unions made 2023 the year of the strike. What will happen next?
ArtistGNDphotography/Getty Images(NEW YORK) -- Greg Iwinski, a late-night TV writer, walked off the job this year amid a dramatic surge of workers going out on strike -- and he says the trend made its...
Dec 26, 2023
Attacks on freight ships in the Red Sea could increase inflation. Here's how.
Chris Sattlberger/Getty Images(NEW YORK) -- Inflation is falling toward normal levels, according to fresh data released Friday from the Federal Reserve's preferred measure, the Personal Consumption Ex...
Dec 23, 2023
