Business

Why the stock market rallied in July and what comes next, according to experts

Tuesday, August 2 by ABC News

(NEW YORK) -- After a near-historic decline over the first half of the year, the S&P 500 -- a popular index to which many 401(k) accounts are pegged -- bounced back in July with its strongest month since November 2020. The other major indices,... Read More.

Apple, GE, other major US companies ask Supreme Court to uphold affirmative action

Monday, August 1 by ABC News

(WASHINGTON) -- More than 60 major American companies that employ tens of thousands of U.S. workers are asking the Supreme Court to uphold the use of race as a factor in college admissions, calling affirmative action critical to building diverse workforces and, in turn,... Read More.

Mega Millions confirms one winning ticket sold in Illinois in historic $1.34 billion drawing

Saturday, July 30 by ABC News

(NEW YORK) -- One sole winning jackpot ticket was sold in a Speedway convenience store in Des Plaines, Illinois, in a historic $1.34 billion drawing, according to Mega Millions.One ticket matched all six numbers in Friday night's drawing. The winning numbers were 67, 45, 57,... Read More.

Airlines look to attract more diverse pilots amid shortage

Saturday, July 30 by ABC News

(NEW YORK) -- For decades, the aviation industry has carried the reputation of being overtly male and white. At least 95% of the roughly 158,000 pilots employed in the United States are men, according to the Bureau of Labor Statistics."This is a very male-dominated industry,"... Read More.

What the potential JetBlue and Spirit merger could mean for consumers

Friday, July 29 by ABC News

(NEW YORK) -- As JetBlue prepares to begin its takeover of Spirit Airlines in a $3.8 billion deal, many are left wondering what the future holds for both airlines and their loyal customers.The JetBlue-Spirit agreement still faces a shareholder vote and regulatory approval, which... Read More.

Hershey warns of possible Halloween and holiday candy shortage

Friday, July 29 by ABC News

(NEW YORK) -- Trick-or-treaters may see fewer of their favorite sweets while going door-to-door this October.Hershey announced in the company's second-quarter earnings call on Thursday that it expects to face a candy shortage amid ongoing struggles with the global supply chain.The company's CEO warned... Read More.

Old Navy commits to not to raise its prices on denim amid rising inflation

Friday, July 29 by ABC News

(NEW YORK) -- With rising inflation leaving Americans with sticker shock across the board, families may be growing nervous as the back-to-school season nears.To assuage hesitant shoppers, Old Navy has pledged to put a price lock on all of its denim.The retail giant originally... Read More.

Mega Millions jackpot grows to $1.1B ahead of Friday’s drawing

Friday, July 29 by ABC News

(NEW YORK) -- Who will win the Mega Millions jackpot in Friday night's drawing? That's the billion-dollar question.For only the third time in the 20-year history of the American lottery game, the big prize has reached the billion-dollar mark. The jackpot has grown to... Read More.

Skyrocketing rents pain tenants as inflation rises

Friday, July 29 by ABC News

(NEW YORK) -- When the pandemic struck and tourism dried up, Gerardo Vidal, a New York City tour guide, lost nearly all of his income, he said.Vidal, who lives in a one-bedroom apartment with his wife and two children in Corona, Queens, said work... Read More.

Employees at Amazon warehouse in Illinois allege racially hostile work environment

Friday, July 29 by ABC News

(JOLIET, Ill.) -- Employees at a Joliet, Illinois, Amazon warehouse have filed a complaint with the Equal Employment Opportunity Commission against the company, alleging corporate abuse, racial discrimination, and retaliation.According to the complaint filed Tuesday, a group of Black employees at the MDW2 Fulfillment... Read More.

What comes next for the lucky Mega Millions winners who become wealthy overnight?

Friday, July 29 by ABC News

(NEW YORK) -- The Mega Millions jackpot has risen to over a billion dollars. With Americans across the country rushing to secure tickets for the chance to win big, it's likely someone will hear their ticket numbers announced Friday night.But, for those lucky winners... Read More.

US economy shrank 0.9% in second quarter

Thursday, July 28 by ABC News

(WASHINGTON) -- The U.S. economy shrank 0.9% in the second quarter of this year, the Commerce Department reported Thursday morning, marking the second quarter in a row that the nation’s gross domestic product (GDP) has declined.The economy contracted 1.6% in the first quarter of... Read More.

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Why the stock market rallied in July and what comes next, according to experts

Apple, GE, other major US companies ask Supreme Court to uphold affirmative action

Mega Millions confirms one winning ticket sold in Illinois in historic $1.34 billion drawing

Airlines look to attract more diverse pilots amid shortage

What the potential JetBlue and Spirit merger could mean for consumers

Hershey warns of possible Halloween and holiday candy shortage

Old Navy commits to not to raise its prices on denim amid rising inflation

Mega Millions jackpot grows to $1.1B ahead of Friday’s drawing

Skyrocketing rents pain tenants as inflation rises

Employees at Amazon warehouse in Illinois allege racially hostile work environment

What comes next for the lucky Mega Millions winners who become wealthy overnight?

US economy shrank 0.9% in second quarter

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