Category Archives: Business News – ABC Audio
Death threats, expletives: Palestinian business owners in US and Canada endure hate, grief
Fatih Aktas/Anadolu via Getty Images(NEW YORK) -- Since war broke out between Israel and Hamas last week, a Palestinian-American apparel store owner in San Diego, California, has received a spate...
Oct 17, 2023
Rite Aid files for bankruptcy, announces financial restructuring plans amid opioid complaints, lawsuits
IronHeart/Getty Images(NEW YORK) -- One of the nation's largest drugstore chains has voluntarily initiated the Chapter 11 process for bankruptcy protection. Rite Aid announced Sunday that the company ...
Oct 16, 2023
Real estate groups urged the Fed to stop rate hikes. Here’s why.
Grace Cary/Getty Images(WASHINGTON) -- Major housing industry groups voiced "profound concern" in a letter this week urging the Federal Reserve to stop raising interest rates. The rare public admonish...
Oct 13, 2023
Family Dollar issues mass nationwide recall on toothpaste, vitamins, pain relievers and more
Paul Weaver/SOPA Images/LightRocket via Getty Images(NEW YORK) -- Variety discount store Family Dollar recently initiated multiple recalls on products ranging from over-the-counter drugs to toothpaste...
Oct 13, 2023
Executives and employees at Israel's startups are joining the fight against Hamas
Omer Keilaf, CEO and co-founder of the Israeli-based tech startup Innoviz Technologies. -- David Garb/Innoviz Technologies(NEW YORK) -- Israel’s government is mobilizing 360,000 reservists as th...
Oct 13, 2023
Birkenstock goes public on New York Stock Exchange
Spencer Platt/Getty Images(NEW YORK) -- Birkenstock took a big step forward on Wall Street this week, taking the nearly 250-year-old German shoe and sandal maker public. The footwear, often seen as a ...
Oct 12, 2023
Inflation held steady in September, running hotter than expected
Tetra Images/Getty Images(NEW YORK) -- Consumer prices rose 3.7% in September compared to a year ago, holding steady from the previous month and running hotter than economists had expected. While infl...
Oct 12, 2023
How AI can fuel financial scams online, according to industry experts
Westend61/Getty Images(NEW YORK) -- There is growing fraud online in which scammers manufacture other identities to dupe financial institutions or their customers out of money -- and the crimes are on...
Oct 12, 2023
FTX founder Sam Bankman-Fried didn't think rules applied to him, ex-girlfriend says
Bloomberg/Getty Images (NEW YORK) -- FTX founder Sam Bankman-Fried believed in utilitarianism and thought rules against lying or stealing inhibited his ability to maximize the greatest benefit for the...
Oct 11, 2023
Here’s why interest rates are soaring for mortgages, credit cards
IronHeart/Getty Images(NEW YORK) -- Mortgage rates stand at their highest level in more than two decades. The average rate for credit card holders tops anything on record at the Federal Reserve. Car l...
Oct 11, 2023
