Category Archives: Business News – ABC Audio
Southwest Airlines fined record $140 million by DOT over 2022 holiday travel meltdown
BanksPhotos/Getty Images(WASHINGTON) -- Southwest Airlines has been handed a record $140 million fine for its operational meltdown during the 2022 holiday travel season, the U.S. Department of Transpo...
Dec 18, 2023
Quaker Oats recalls dozens of granola products due to potential salmonella contamination
Cavan Images/Getty Images(NEW YORK) -- The Quaker Oats Company has recalled dozens of granola products due to the risk of potential salmonella contamination. The recall impacts more than 40 granola ba...
Dec 16, 2023
Interest rate cuts may come soon. Here's what that means for your finances.
Bloomberg Creative/Getty Images(WASHINGTON) -- A Federal Reserve announcement rallied all three major stock indexes to one-year highs on Wednesday -- and the enthusiasm owed little to what the central...
Dec 15, 2023
Recall on Diet Coke, Fanta Orange and Sprite due to possible contamination
Jakub Porzycki/NurPhoto via Getty Images)(NEW YORK) -- Coca-Cola has voluntarily recalled three soda products across multiple states, with the U.S. Food and Drug Administration announcing in a report ...
Dec 14, 2023
Meta ad policy allowing 2020 election denial followed warning of political backlash, sources say
The Meta (formerly Facebook) logo marks the entrance of their corporate headquarters in Menlo Park, Calif., Nov. 9, 2022. (Josh Edelson/AFP via Getty Images)(NEW YORK) -- When Meta overhauled its poli...
Dec 14, 2023
Amazon, Target, Walmart to stop selling water beads
Yulia Naumenko/Getty Images(NEW YORK) -- Amazon, Target and Walmart, three of the largest retailers in the U.S., have announced they will stop selling water beads amid growing pressure in recent years...
Dec 14, 2023
Tesla recalls two million vehicles over autopilot safety issue, government agency says
Brand new Tesla cars sit parked at a Tesla dealership on Oct. 18, 2023 in Corte Madera, California. (Justin Sullivan/Getty Images)(NEW YORK) -- Tesla will recall about twp million cars over a safety i...
Dec 13, 2023
Federal Reserve expects to cut interest rates next year, Fed Chair Jerome Powell says
Bloomberg Creative/Getty Images(WASHINGTON) -- The Federal Reserve expects to begin cutting interest rates next year, Fed Chair Jerome Powell said at a press conference in Washington D.C. on Wedn...
Dec 13, 2023
Inflation cooled slightly in November, easing pressure on Fed
Javier Ghersi/Getty Images(WASHINGTON) -- Consumer prices rose 3.1% in November compared to a year ago, cooling slightly from the previous month and indicating progress in the fight to reduce inflatio...
Dec 12, 2023
GE completes testing sustainable aviation fuel on 10th aircraft engine model
Jaap Arriens/NurPhoto via Getty Images(NEW YORK) -- GE Aerospace is taking another step towards its commitment to sustainable flights, completing testing with sustainable aviation fuel (SAF) on its 10...
Dec 11, 2023
