Business

Debt ceiling talks to resume at White House as Yellen warns default could trigger recession

Tuesday, May 16 by ABC News

(WASHINGTON) -- With time running short, President Joe Biden and congressional leaders will meet Tuesday afternoon to discuss the debt ceiling as Treasury Secretary Janet Yellen stressed a default could trigger a recession.Biden, House Speaker Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority... Read More.

Elon Musk slams Jeffrey Epstein, JPMorgan after Virgin Islands subpoena

Tuesday, May 16 by ABC News

(NEW YORK) -- Billionaire Elon Musk blasted Jeffrey Epstein, who he referred to as a "dumb crook," after he was subpoenaed as part of a lawsuit filed by the U.S. Virgin Islands against JPMorgan Chase & Co., which officials said "financially profited" from deposits... Read More.

TikTok parents are spreading the word about Target’s generous return policy

Tuesday, May 16 by ABC News

(NEW YORK) -- Parents on TikTok are spreading the word about Target's lenient return policy that applies to over 45 of their private label brands, including their children's clothing line Cat & Jack.TikTokker Sandra Puente shared a recent shopping trip to Target where she... Read More.

Vice files for bankruptcy amid digital media struggles

Monday, May 15 by ABC News

(NEW YORK) -- Vice Media, the youth-oriented publisher of prominent online outlets such as Vice and Motherboard, filed for bankruptcy on Monday, underscoring the fraught economic environment for digital media companies as economic growth slows and the advertising market softens.The group of sites, which... Read More.

New Twitter CEO will be Linda Yaccarino, Elon Musk says

Friday, May 12 by ABC News

(NEW YORK) -- Ex-NBCUniversal advertising executive Linda Yaccarino will take over as CEO of Twitter, Elon Musk said on Friday.Musk, who runs Tesla and Space X, said a day prior that he plans to transition to a role as executive chairman and chief technology... Read More.

Bitcoin has climbed 65% this year despite crypto woes. Experts explain why.

Friday, May 12 by ABC News

(NEW YORK) -- The cryptocurrency industry, in recent months, has suffered some blows: high-profile bankruptcies, the arrest of wunderkind Sam Bankman-Fried and a regulator lawsuit against top crypto exchange Binance.Despite it all, the price of the largest cryptocurrency, bitcoin, has surged.Bitcoin has climbed 65%... Read More.

Elon Musk says he has chosen new Twitter CEO, will step down within weeks

Thursday, May 11 by ABC News

(SAN FRANCISCO) -- Elon Musk has chosen a new CEO of Twitter and plans to step down from the role within about six weeks, the billionaire entrepreneur said on Thursday.Musk, who runs Tesla and Space X, did not disclose the identity of the incoming chief... Read More.

PacWest shares plummet after bank says it lost 9% of deposits last week

Thursday, May 11 by ABC News

(NEW YORK) -- Shares of PacWest Bancorp plummeted more than 20% in early trading on Thursday after the regional lender said it faced a sizable withdrawal of deposits last week, renewing concern over financial trouble in the aftermath of a string of major bank... Read More.

Peloton recalls more than two million bikes over fall hazard

Thursday, May 11 by ABC News

(NEW YORK) -- Peloton is recalling over two million bikes, warning that the bike seat post assembly could break and cause users to fall.The Peloton Bikes Model PL01 is the one being recalled. Users are told to immediately stop using the bike and call... Read More.

Uber to launch flight booking feature on app in UK

Thursday, May 11 by ABC News

(NEW YORK) -- Uber will soon allow customers to book plane tickets directly through its app.The new feature powered by online travel agent Hopper will roll out for users in the United Kingdom this summer. Customers can enter their destination and travel dates, select... Read More.

Price hikes cooled slightly in April, continuing monthslong slowdown

Wednesday, May 10 by ABC News

(NEW YORK) -- Consumer prices rose 4.9% last month compared to a year ago, extending a monthslong slowdown and bolstering hopes that inflation will continue its return back to normal levels.The fresh data aligns with the Federal Reserve's effort to slow the economy and... Read More.

Fresh inflation data to show if cooling continued in April

Wednesday, May 10 by ABC News

(NEW YORK) -- Fresh inflation data on Wednesday will show whether price hikes slowed for the tenth consecutive month in April, easing financial pain for U.S. households and bolstering hopes that price increases are on their way back to normal levels.The data arrives one... Read More.

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Debt ceiling talks to resume at White House as Yellen warns default could trigger recession

Elon Musk slams Jeffrey Epstein, JPMorgan after Virgin Islands subpoena

TikTok parents are spreading the word about Target’s generous return policy

Vice files for bankruptcy amid digital media struggles

New Twitter CEO will be Linda Yaccarino, Elon Musk says

Bitcoin has climbed 65% this year despite crypto woes. Experts explain why.

Elon Musk says he has chosen new Twitter CEO, will step down within weeks

PacWest shares plummet after bank says it lost 9% of deposits last week

Peloton recalls more than two million bikes over fall hazard

Uber to launch flight booking feature on app in UK

Price hikes cooled slightly in April, continuing monthslong slowdown

Fresh inflation data to show if cooling continued in April

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