Category Archives: Business News – ABC Audio
Postage stamp prices scheduled to increase in 2024
Forever Stamp display at Costco, Queens, New York on March 1, 2023. UCG/Universal Images Group via Getty Images, FILE(NEW YORK) -- While we welcome the new year, we'll also be welcoming an increase in...
Dec 22, 2023
Wells Fargo workers form first union at a US megabank
Wells Fargo logo is seen on the building in Los Angeles, United States. Credit: NurPhoto/Getty Images (NEW YORK) -- Workers at a Wells Fargo branch in New Mexico voted to form a union late Wednesday, ...
Dec 21, 2023
General Mills cereal sales drop as demand for pricey brand names diminishes
Boxes of General Mills cereal are displayed on a grocery store shelf on Dec. 20, 2023 in San Anselmo, Calif. (Justin Sullivan/Getty Images)(NEW YORK) -- Breakfast foods maker General Mills, the brand ...
Dec 21, 2023
Rite Aid banned from use of facial recognition in stores after thousands of false matches
Westend61/Getty Images(NEW YORK) -- Drugstore chain Rite Aid has accepted a ban of its use of facial recognition software for five years due to false accusations stemming from the technology that disp...
Dec 20, 2023
Chick-fil-A could soon open on Sundays in some locations
ivanastar/Getty Images(NEW YORK) -- The famously "closed on Sundays" chicken sandwich fast-food chain could soon be required to fire up the fryers and serve hungry travelers in some locations. The New...
Dec 20, 2023
TGI Fridays boneless chicken bites recalled over possible plastic contamination
USDA.gov(NEW YORK) -- Approximately 26,550 pounds of frozen TGI Fridays boneless chicken bites products have been recalled due to possible contamination with "clear, hard plastic," the U.S. Department...
Dec 20, 2023
What could interest rate cuts mean for the 2024 election?
Javier Ghersi/Getty Images(NEW YORK) -- When the Federal Reserve recently signaled interest rate cuts next year, the stock market soared to record highs and analysts voiced sunny hopes of a "soft land...
Dec 19, 2023
Mortgage giant Mr. Cooper hit with cyberattack possibly affecting more than 14 million customers
Westend61/Getty Images(NEW YORK) -- Mortgage and loan giant Mr. Cooper was hit with a cyberbreach that involved "substantially all of our current and former customers" sensitive personal information, ...
Dec 19, 2023
Nikola founder Trevor Milton sentenced to 4 years in jail for fraudulent claims about electric vehicles
WIN-Initiative/Neleman/Getty Images(NEW YORK) -- Nikola founder Trevor Milton was sentenced to four years in prison Monday due to fraudulent claims about his electric vehicle company. In court Monday,...
Dec 18, 2023
Apple to halt sales of latest smartwatches over patent dispute
ftwitty/Getty Images(NEW YORK) -- Apple will halt sales of new models of its smartwatch due to a patent dispute, the company announced on Monday. The move, which affects Apple Watch Series 9 and Apple...
Dec 18, 2023
