Business

Baked goods prices are rising much faster than overall inflation. Here’s why.

Wednesday, May 10 by ABC News

(NEW YORK) -- Customers at the bakery Nothing Bundt Cake, in Memphis, Tennessee, choose items from snickerdoodle, red velvet and blueberry bliss, among other flavors. But patrons cannot avoid the surging prices.Amy Lupo, who runs three Memphis-area company franchises, said a jump in the... Read More.

More companies letting customers opt out of Mother’s Day ads

Wednesday, May 10 by ABC News

(NEW YORK) -- Although it's been over 20 years since Marisa Bardach Ramel's mom Sally died in 2002, the Colorado-based author said she's caught by surprise every year when Mother's Day rolls around."Each year, I think I'm far enough away from it where it's... Read More.

Will summer travel be more expensive this year? It depends on where you go and how you get there

Tuesday, May 9 by ABC News

(NEW YORK) -- Millions of Americans are planning summer trips in what could be the busiest summer travel season in years. Where you go and how you get there will determine if this summer’s trip will be the most expensive yet.This summer will mark... Read More.

FTX crypto collapse: Sam Bankman-Fried seeks to dismiss most criminal charges

Tuesday, May 9 by ABC News

(NEW YORK) -- Sam Bankman-Fried on Monday sought to dismiss most of the criminal charges he faces in connection with the collapse of FTX, the crypto exchange he founded.Bankman-Fried filed a motion to dismiss 10 of the 13 counts he faces, including fraud, conspiracy... Read More.

Exclusive: Bill Gates on the future of nuclear energy, AI

Monday, May 8 by ABC News

(KEMMERER, Wyo.) -- TerraPower, founded by billionaire and Microsoft co-founder Bill Gates in 2008, is opening a new nuclear power plant in Kemmerer, Wyoming. The plant will be the first of its kind, with the company hoping to revolutionize the nuclear energy industry in... Read More.

Biden, Buttigieg to push for airlines to compensate passengers for controllable delays, cancelations

Monday, May 8 by ABC News

(WASHINGTON) -- President Joe Biden and Transportation Secretary Pete Buttigieg on Monday plan to announce a new rulemaking process to look at requiring airlines to compensate passengers who experience inconvenience because of "controllable airline cancellations or significant delays."The process is expected to include compensation,... Read More.

Consumers push back on higher prices amid inflation woes

Monday, May 8 by ABC News

(NEW YORK) -- McDonald's customers are more reluctant to add fries to their order, grocery shoppers are less willing to swallow the elevated price of Unilever mayonnaise and Target customers are balking at some high-priced items.Executives from each of these companies mentioned the respective... Read More.

How the Jeep Wrangler went from rock crawler to luxury SUV

Sunday, May 7 by ABC News

(NEW YORK) -- The Jeep Wrangler can ford rivers, crawl over boulders, traverse deserts and blaze through uncharted territory. Fierce yet affordable, the humble 4X4 has long been the go-to vehicle for outdoor enthusiasts.These days, however, the rugged sport utility vehicle may seem more like... Read More.

Tech firms push ‘passkeys’ to usher in password-free logins

Saturday, May 6 by ABC News

(NEW YORK) -- When it comes to the password habits of Americans, there's some room for improvement. But some tech companies are hoping a new security technology known as a "passkey" may offer a solution.Passkeys, as they're known, is a new security technology that works... Read More.

A strong jobs report defied recession alarms. Here are the industries hiring workers

Friday, May 5 by ABC News

(NEW YORK) -- A better-than-expected jobs report on Friday defied interest rate hikes that aim to slash inflation by cooling the economy.Instead, the U.S. added 253,000 jobs in April, marking a slight decline from an average of 290,000 over the previous six months. The... Read More.

Michelle Obama launches PLEZi Nutrition, new line of healthy food and drinks for kids

Friday, May 5 by ABC News

(NEW YORK) -- Former first lady Michelle Obama has announced her latest venture, PLEZi Nutrition, aimed at creating healthy food and beverage options for parents to give "healthier, great-tasting products" to their kids.Obama first shared the news of the public benefit company, whose purpose... Read More.

Is PacWest Bank on the brink of collapse? Experts weigh in after shares plummet 50%

Thursday, May 4 by ABC News

(LOS ANGELES) -- Shares of PacWest Bancorp plunged more than 50% in early trading on Thursday, marking the latest spasm of financial distress after three of the nation's 30-largest banks fell within a matter of weeks.In all, PacWest stock has fallen more than 85%... Read More.

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Baked goods prices are rising much faster than overall inflation. Here’s why.

More companies letting customers opt out of Mother’s Day ads

Will summer travel be more expensive this year? It depends on where you go and how you get there

FTX crypto collapse: Sam Bankman-Fried seeks to dismiss most criminal charges

Exclusive: Bill Gates on the future of nuclear energy, AI

Biden, Buttigieg to push for airlines to compensate passengers for controllable delays, cancelations

Consumers push back on higher prices amid inflation woes

How the Jeep Wrangler went from rock crawler to luxury SUV

Tech firms push ‘passkeys’ to usher in password-free logins

A strong jobs report defied recession alarms. Here are the industries hiring workers

Michelle Obama launches PLEZi Nutrition, new line of healthy food and drinks for kids

Is PacWest Bank on the brink of collapse? Experts weigh in after shares plummet 50%

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