Business

Everything to know for the next Powerball drawing as jackpot hits $1 billion

Tuesday, July 18 by ABC News

(NEW YORK) -- An estimated $1 billion jackpot is up for grabs in the next Powerball drawing.It's the third-largest purse in the game's history and the seventh-largest U.S. lottery jackpot, according to a press release from Powerball.The grand prize has an estimated cash value... Read More.

Inflation has plummeted but these prices are still soaring

Monday, July 17 by ABC News

(NEW YORK) -- A better-than-expected inflation report last week bolstered hopes that a prolonged bout of severe price hikes is near its end -- but the costs of some staple items continue to soar.Consumer prices rose 3% last month compared to a year ago, marking... Read More.

What to know about the actors’ strike

Friday, July 14 by ABC News

(LOS ANGELES) -- A union representing roughly 160,000 actors launched a strike overnight, bringing Hollywood to a standstill just two months after TV and movie writers walked off the job.Prominent actors have voiced support for the strike.Jaime Lee Curtis posted on Instagram an image... Read More.

Dark day for craft beer: Anchor Brewing ceases operations after 127 years

Thursday, July 13 by ABC News

(SAN FRANCISCO) -- San Francisco is bidding farewell to one of its most iconic businesses, Anchor Brewing Company.Much to the dismay of beer drinkers and bartenders nationwide, the beloved craft brewery pioneer announced Wednesday it will cease its Potrero Hill operations after 127 years.Some... Read More.

Elon Musk launches his own AI company to compete with ChatGPT

Thursday, July 13 by ABC News

(NEW YORK) -- Billionaire entrepreneur Elon Musk launched an artificial intelligence company called xAI on Wednesday, vowing to develop a generative AI program that competes with established offerings like ChatGPT.The company employs some engineers who formerly worked for major companies in the field like... Read More.

Founder of cryptocurrency lending platform Celsius Network arrested

Thursday, July 13 by ABC News

(NEW YORK) -- The founder of cryptocurrency lending platform Celsius Network was arrested Thursday on federal charges.Alexander Mashinsky founded Celsius in 2018 and positioned it as a stable, safe alternative to traditional financial institutions that would provide investors who held crypto assets financial freedom... Read More.

SAG-AFTRA negotiating committee votes unanimously to recommend strike as Hollywood talks stall

Thursday, July 13 by ABC News

(LOS ANGELES) -- The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) negotiating committee has voted unanimously to recommend a strike in a move that could incapacitate Hollywood productions.The major unions in Hollywood issued a joint statement Wednesday on their "unwavering support... Read More.

Powerball jackpot jumps to $875 million after no winners in Wednesday’s drawing

Thursday, July 13 by ABC News

(NEW YORK) -- The Powerball jackpot is now an estimated $875 million for Saturday's drawing, after no winners took home the big payday on Wednesday night.The jackpot for Wednesday night's drawing was $750 million -- the game's sixth-largest prize ever. The winning numbers were... Read More.

Frustrated employees are ‘loud quitting’: What to know about the trend

Thursday, July 13 by ABC News

(NEW YORK) -- First there was " quiet quitting," then there was " quiet hiring," and now the latest workplace trend is "loud quitting," new data shows.Nearly 1 in 5, or 18%, of employees around the world are "actively disengaged" in their jobs, according... Read More.

SAG-AFTRA strike looms as union and studios meet with federal mediators

Wednesday, July 12 by ABC News

(LOS ANGELES) -- The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) is expected to strike at midnight PT if a deal between the union and studios isn't agreed upon, a move that could incapacitate Hollywood productions.The major unions in Hollywood issued a... Read More.

Bob Iger to stay on as CEO of Walt Disney Company through 2026

Wednesday, July 12 by ABC News

(NEW YORK) -- The Walt Disney Company has announced that Bob Iger will remain CEO for two additional years, extending his contract through Dec. 31, 2026.The Walt Disney Company Board of Directors voted "unanimously" to extend Iger's contract, seven months after he returned as CEO,... Read More.

San Francisco’s retail exodus goes beyond crime, experts say

Wednesday, July 12 by ABC News

(SAN FRANCISCO) -- The slew of closures of retail stores in San Francisco in recent months doubles as a roundup of well-known shopping brands: Whole Foods, Old Navy and Nordstrom, among others.Nearly half of the stores in the city's downtown shopping district have closed... Read More.

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Everything to know for the next Powerball drawing as jackpot hits $1 billion

Inflation has plummeted but these prices are still soaring

What to know about the actors’ strike

Dark day for craft beer: Anchor Brewing ceases operations after 127 years

Elon Musk launches his own AI company to compete with ChatGPT

Founder of cryptocurrency lending platform Celsius Network arrested

Powerball jackpot jumps to $875 million after no winners in Wednesday’s drawing

Frustrated employees are ‘loud quitting’: What to know about the trend

SAG-AFTRA strike looms as union and studios meet with federal mediators

Bob Iger to stay on as CEO of Walt Disney Company through 2026

San Francisco’s retail exodus goes beyond crime, experts say

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