Business

Mortgage giant Mr. Cooper hit with cyberattack possibly affecting more than 14 million customers

Tuesday, December 19 by ABC News

(NEW YORK) -- Mortgage and loan giant Mr. Cooper was hit with a cyberbreach that involved "substantially all of our current and former customers" sensitive personal information, according to filings with state and federal regulators."The personal information in the impacted files included your name,... Read More.

What could interest rate cuts mean for the 2024 election?

Tuesday, December 19 by ABC News

(NEW YORK) -- When the Federal Reserve recently signaled interest rate cuts next year, the stock market soared to record highs and analysts voiced sunny hopes of a "soft landing."Arriving less than a year before the presidential contest, the announcement raised a separate consideration:... Read More.

Nikola founder Trevor Milton sentenced to 4 years in jail for fraudulent claims about electric vehicles

Monday, December 18 by ABC News

(NEW YORK) -- Nikola founder Trevor Milton was sentenced to four years in prison Monday due to fraudulent claims about his electric vehicle company.In court Monday, Milton portrayed himself as a generous and honest yet unsophisticated businessman who grew up milking cows, lacked a... Read More.

Apple to halt sales of latest smartwatches over patent dispute

Monday, December 18 by ABC News

(NEW YORK) -- Apple will halt sales of new models of its smartwatch due to a patent dispute, the company announced on Monday.The move, which affects Apple Watch Series 9 and Apple Watch Ultra 2, centers on the devices' blood-oxygen sensor.In October, a federal... Read More.

Southwest Airlines fined record $140 million by DOT over 2022 holiday travel meltdown

Monday, December 18 by ABC News

(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 Transportation said Monday.The civil penalty leveled against the airline is about 30 times larger than any previous fine... Read More.

Quaker Oats recalls dozens of granola products due to potential salmonella contamination

Saturday, December 16 by ABC News

(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 bar and granola cereal products, according to an announcement posted on the U.S. Food and Drug Administration's... Read More.

Interest rate cuts may come soon. Here’s what that means for your finances.

Friday, December 15 by ABC News

(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 bank actually did.In addition to pausing its benchmark interest rate, the Fed forecasted a series of rate... Read More.

Recall on Diet Coke, Fanta Orange and Sprite due to possible contamination

Thursday, December 14 by ABC News

(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 that the 12-ounce cans may have been contaminated with "potential foreign material."The recall, which includes 12-packs of 12-ounce cans, affected... Read More.

Meta ad policy allowing 2020 election denial followed warning of political backlash, sources say

Thursday, December 14 by ABC News

(NEW YORK) -- When Meta overhauled its policy toward election-denial claims in political advertising last year, many Republican midterm election candidates nationwide were espousing false claims of a stolen election in 2020.At the time, some employees warned internally of potential harm to Meta's standing... Read More.

Amazon, Target, Walmart to stop selling water beads

Thursday, December 14 by ABC News

(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 to remove the products following reports of injuries and deaths of children who have swallowed... Read More.

Federal Reserve expects to cut interest rates next year, Fed Chair Jerome Powell says

Wednesday, December 13 by ABC News

(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 Wednesday.Policymakers at the central bank believe interest rates likely stand at or near their peak, Powell added, voicing cautious... Read More.

Tesla recalls two million vehicles over autopilot safety issue, government agency says

Wednesday, December 13 by ABC News

(NEW YORK) -- Tesla will recall about twp million cars over a safety issue tied to its autopilot system, the National Highway Traffic Safety Administration said on Wednesday.The company's autopilot system may put drivers at greater risk of an accident in certain situations, the... Read More.

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Mortgage giant Mr. Cooper hit with cyberattack possibly affecting more than 14 million customers

What could interest rate cuts mean for the 2024 election?

Nikola founder Trevor Milton sentenced to 4 years in jail for fraudulent claims about electric vehicles

Apple to halt sales of latest smartwatches over patent dispute

Southwest Airlines fined record $140 million by DOT over 2022 holiday travel meltdown

Quaker Oats recalls dozens of granola products due to potential salmonella contamination

Interest rate cuts may come soon. Here’s what that means for your finances.

Recall on Diet Coke, Fanta Orange and Sprite due to possible contamination

Meta ad policy allowing 2020 election denial followed warning of political backlash, sources say

Amazon, Target, Walmart to stop selling water beads

Federal Reserve expects to cut interest rates next year, Fed Chair Jerome Powell says

Tesla recalls two million vehicles over autopilot safety issue, government agency says

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