Business

‘Bear market’ and ‘recession’ are back in the conversation. What they mean and why they matter.

Tuesday, May 24 by ABC News

(NEW YORK) -- Lately, the stock market has taken a thrashing.The Nasdaq and S&P 500 have each fallen for seven consecutive weeks. The Dow Jones Industrial Average has fared even worse, dropping for eight weeks straight, the longest such losing streak for the index... Read More.

How the US ran out of baby formula

Tuesday, May 24 by ABC News

(NEW YORK) -- A baby formula shortage has escalated in recent months from a product recall to a national crisis, prompting emergency responses from business leaders and White House officials.As of early May, 43% of U.S. baby formula was out of stock, according to... Read More.

Gas prices hit new high ahead of Memorial Day weekend

Tuesday, May 24 by ABC News

(NEW YORK) -- As tens of millions of Americans prepare to hit the road for the holiday weekend, gas prices are continuing to soar.Across all 50 states, gas prices are above $4 a gallon. The national average for gas now stands at a record... Read More.

Starbucks announces complete withdrawal from Russia

Tuesday, May 24 by ABC News

(NEW YORK) -- Starbucks announced on Monday it is pulling its business from the Russian market.The move comes after the coffee giant suspended all business activity in Russia in March following the country's invasion of Ukraine.“As we mentioned on March 8, we have suspended... Read More.

DC attorney general sues Mark Zuckerberg over Cambridge Analytica data breach

Monday, May 23 by ABC News

(WASHINGTON) -- Washington, D.C., Attorney General Karl Racine has sued Meta CEO Mark Zuckerberg for allegedly failing to protect consumer data following the Cambridge Analytica data leak."The evidence shows Mr. Zuckerberg was personally involved in Facebook's failure to protect the privacy and data of... Read More.

Jif peanut butter products recalled due to possible salmonella concerns

Monday, May 23 by ABC News

(SILVER SPRING, Md.) -- The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention are investigating an outbreak of salmonella infections that is possibly linked to Jif peanut butter products.The J.M. Smucker Company issued a voluntary recall for its creamy,... Read More.

Startup recycling company in Louisiana offers solution for glass waste

Monday, May 23 by ABC News

(NEW ORLEANS) -- What'll happen to this bottle of wine after it’s been finished and thrown away?That’s the question that Franziska Trautmann and Max Steitz say they pondered one night. They thought about the bottle's destiny to join the over 11 million tons of... Read More.

‘We’re sorry’: Abbott CEO addresses baby formula crisis in new op-ed

Monday, May 23 by ABC News

(NEW YORK) -- The head of one of the country's largest manufacturers of baby formula expressed remorse at his company's role in the nationwide shortage -- and announced a multimillion-dollar fund to help families that have suffered during the crisis -- in an op-ed... Read More.

The student debt gender gap: Women burdened more by debt call for systemic changes

Monday, May 23 by ABC News

(NEW YORK) -- In the coming weeks, thousands of graduates will walk across a stage to receive their college diploma.When they leave the stage, they will have not only a degree but also, in most cases, a mountain of bills, joining the more than... Read More.

Amazon, Starbucks among corporations bolstering abortion coverage

Friday, May 20 by ABC News

(NEW YORK) -- Advocates on both sides of the political fight over reproductive rights have spoken out, either in protest or applause of a draft Supreme Court opinion leaked earlier this month that, if it stands, would overturn the court's landmark decision on Roe... Read More.

Walmart shares details on discounts for Walmart+ Weekend

Friday, May 20 by ABC News

(NEW YORK) -- Walmart this week announced an upcoming one-weekend-only exclusive online sale for Walmart+ members.Walmart+ Weekend is set to run June 2 - 5 and will offer deep discounts on thousands of items sitewide.Walmart+ members can expect deals on items such as a... Read More.

Wall Street suffers more losses as investors worry inflation catching up with consumers

Thursday, May 19 by ABC News

(NEW YORK) -- It was another volatile day on Wall Street as investors worry that high inflation may finally be catching up with consumers.The Dow Jones Industrial Average lost 236 points, one day after plunging more than 1,100 points, while the S&P 500 inched closer... Read More.

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‘Bear market’ and ‘recession’ are back in the conversation. What they mean and why they matter.

How the US ran out of baby formula

Gas prices hit new high ahead of Memorial Day weekend

Starbucks announces complete withdrawal from Russia

DC attorney general sues Mark Zuckerberg over Cambridge Analytica data breach

Jif peanut butter products recalled due to possible salmonella concerns

Startup recycling company in Louisiana offers solution for glass waste

‘We’re sorry’: Abbott CEO addresses baby formula crisis in new op-ed

The student debt gender gap: Women burdened more by debt call for systemic changes

Amazon, Starbucks among corporations bolstering abortion coverage

Walmart shares details on discounts for Walmart+ Weekend

Wall Street suffers more losses as investors worry inflation catching up with consumers

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