Category Archives: Business News – ABC Audio
Slow housing market may not heat up anytime soon, analysts say: 'The party is over'
moodboard/Getty Images(NEW YORK) -- Sky-high mortgage rates have helped slam the brakes on the housing market, recent data shows. Mortgage rates climbed to their highest levels in 21 years, Freddie Ma...
Aug 23, 2023
Writers Guild sharply rebukes latest offer from Hollywood studios
Michael M. Santiago/Getty Images(NEW YORK) -- The Writers Guild rejected the latest offer from TV and movie studios in a statement on Tuesday night, thrusting the acrimonious negotiations into public ...
Aug 23, 2023
Fyre Festival 2 tickets on sale and customers are buying, disgraced founder says
jfizzy/Star Max/GC Images/ Getty Images(NEW YORK) -- The disgraced founder of the 2017 Fyre Festival, Billy McFarland, is selling tickets for a follow-up event and customers are buying them, he said i...
Aug 23, 2023
Sales slumps at Target and Bud Light may fuel more boycotts, experts say
Andriy Onufriyenko/Getty Images(NEW YORK) -- Target's sales declined over a three-month period for the first time in six years, the company announced last week, attributing the loss in part to what th...
Aug 22, 2023
Generation Z sees biggest increase in credit card debt, Gen X has highest balance: Report
Adam Gault/Getty Images(NEW YORK) -- Generation Z is racking up more credit card debt than previous generations, while Generation X holds the highest average of credit card debt, according to recent d...
Aug 22, 2023
Big business mulls approach to Trump bid after opposing 2020 election lies
Mark Wilson/Getty Images(NEW YORK) -- Three days after Election Night 2020, dozens of CEOs from the nation's largest companies logged into a Zoom call aiming to prevent the collapse of American democr...
Aug 21, 2023
Amid spread of AI tools, advocates for new digital standard say it would help sort fact from fiction
ABC News Senior Reporter Emmanuelle Saliba speaks with Adobe General Counsel and Chief Trust Officer Dana Rao. -- ABC News(NEW YORK) -- Experts tell ABC News that the rise of generative artificial int...
Aug 21, 2023
Mortgage rates surge to 21-year high
Thomas Northcut/Getty Images(NEW YORK) -- Mortgage rates have climbed to their highest levels in 21 years, according to data released by Freddie Mac on Thursday. The 30-year fixed-rate mortgage averag...
Aug 17, 2023
Special counsel sought Trump's Twitter DMs despite 'extraordinary' pushback from company, court documents say
Aytug Can Sencar/Anadolu Agency via Getty Images(NEW YORK) -- Special counsel Jack Smith earlier this year sought extensive data, including direct messages, tied to former President Donald Trump's acc...
Aug 17, 2023
Starbucks ordered to pay extra $2.7M to employee who said she was fired for being white
RapidEye/Getty Images(NEW YORK) -- A New Jersey federal judge has ordered Starbucks to pay a former employee who was awarded $25.6 million in a wrongful termination suit an extra $2.7 million in damag...
Aug 17, 2023
