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The national debt is ready to eclipse the US economy: What you need to know

Friday, September 11 by ABC News

By CATHERINE THORBECKE, ABC News(NEW YORK) -- Even before the coronavirus pandemic pushed government spending off the charts, the national debt was snowballing at an alarming rate.The national debt has ballooned to its highest levels since World War II amid the pandemic,... Read More.

Community left behind: Asian American businesses affected by COVID-19

Friday, September 11 by ABC News

By ALLIE YANG, JASON KUANG and IMTIYAZ DELAWALA (NEW YORK) -- Jefferson Li is the American dream fulfilled. The Coast Guard reservist is the son of Chinese immigrants who worked hard for 25 years building their butcher shop in New York City’s Chinatown.“We... Read More.

Citigroup becomes 1st major US bank to appoint a woman CEO

Thursday, September 10 by ABC News

BY: CATHERINE THORBECKE, ABC News(NEW YORK) -- Citigroup became the first major U.S. bank to appoint a woman chief executive, the company announced Thursday, shattering a new glass ceiling in an industry that remains largely male-dominated.Jane Fraser, who currently serves as the... Read More.

New weekly unemployment filings remain elevated at 884,000

Thursday, September 10 by ABC News

By CATHERINE THORBECKE, ABC News (WASHINGTON) -- The number of new weekly unemployment filings showed no relief for a labor market walloped by the COVID-19 crisis, as 884,000 people filed new jobless claims last week, the Department of Labor said Thursday.While the latest... Read More.

Seattle woman shares tips on how she paid off $180K in student debt

Thursday, September 10 by ABC News

By JOEL LYONS, ABC News (NEW YORK) -- Cari Swanger is a clinical pharmacist in Seattle. She and her husband, Tom, recently celebrated paying off her $180,000 in student loans in three years utilizing tools she accessed through online finance company SoFi. Below,... Read More.

More than a dozen companies pledge to add a Black director to their boards

Wednesday, September 9 by ABC News

BY: CATHERINE THORBECKE, ABC News(WASHINGTON) -- A handful of U.S. companies have pledged to add a Black director to their boards within the next year through an initiative launched Wednesday dubbed the "Board Challenge."Zillow, RealSelf, Nextdoor and others are among the 17... Read More.

Elon Musk’s net worth plunged by $16.3 billion in a single day

Wednesday, September 9 by ABC News

By: CATHERINE THORBECKE, ABC News (NEW YORK) -- Elon Musk's net worth took a steep nosedive on Tuesday, plummeting by more than $16 billion in one day after Tesla stock tumbled.The Tesla chief executive, who owns about 20% of the electric carmaker's... Read More.

Amazon announces first virtual ‘Career Day’ with plans to hire 33,000 corporate, tech jobs

Wednesday, September 9 by ABC News

By REBECCA JARVIS, TAYLOR DUNN and KELLY MCCARTHY, ABC News(NEW YORK) -- Online retail giant Amazon has created a free, first-of-its-kind virtual career fair that could help attendees land a six-figure job and one-on-one career coaching. Amazon announced the plans for the first... Read More.

Jelly Belly creator starts ‘gold ticket’ treasure hunt to give away a candy factory

Wednesday, September 9 by ABC News

By KELLY MCCARTHY, ABC News(NEW YORK) -- Looks like Willy Wonka has some stiff competition.David Klein, the man who came up with the name for Jelly Belly jelly beans, has a new riff on the classic golden ticket idea made famous by... Read More.

Travis Scott gets own McDonald’s meal in first celebrity collaboration since Michael Jordan

Wednesday, September 9 by ABC News

By KELLY MCCARTHY, ABC News(NEW YORK) -- McDonald's has a new celebrity-backed meal on the menu, thanks to a collaboration with rapper Travis Scott.The $6 meal, which launched Tuesday, includes a quarter pounder with cheese with Travis' go-to toppings -- bacon and... Read More.

Half of households in four US cities report financial problems due to pandemic: POLL

Wednesday, September 9 by ABC News

By SASHA PEZENIK, ABC News(NEW YORK) -- Americans already enduring the most frayed financial safety nets now find themselves on the fault lines exacerbated by the novel coronavirus. New polling reveals the strain born by families caught in the crosshairs of several... Read More.

JPMorgan Chase investigating misuse of pandemic aid funds

Tuesday, September 8 by ABC News

By: CATHERINE THORBECKE and AARON KATERSKY, ABC News (NEW YORK) -- JPMorgan Chase said on Tuesday that it's identified the misuse of COVID-19 relief funds by customers, and is investigating whether some of the bank's employees also may be have been involved.In... Read More.

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