Business

Parler, platform popular among conservatives, temporarily shut down after acquisition

Saturday, April 15 by ABC News

(NEW YORK) -- Parler, a social media platform popular among conservatives, will temporarily shut down after being acquired by the hedge fund Starboard, the company said on Friday.The acquisition comes months after the failure of a bid for the app's parent company, Parlement Technologies,... Read More.

What to know about planning and pricing for domestic, international destinations as summer travel interest soars

Friday, April 14 by ABC News

(NEW YORK) -- Airlines are already booking up for getaways abroad this summer and as Americans finalize travel plans, there are some important things to keep in mind.With 75% of seats already sold on their aircrafts, Delta revealed that it has had to increase... Read More.

Boycotts rarely work, experts say amid Bud Light anti-trans backlash

Friday, April 14 by ABC News

(NEW YORK) -- Fresh calls to boycott Bud Light volley across social media nearly two weeks after a product endorsement from Dylan Mulvaney, a transgender influencer, set off backlash among some prominent conservatives.Far-right House Rep. Marjorie Taylor Greene, R-Ga., on Wednesday reposted a video... Read More.

Fed staff expects banking crisis to cause a recession this year

Thursday, April 13 by ABC News

(WASHINGTON) -- The Federal Reserve's staff is more worried about the U.S. economy tipping into a recession after the recent banking crisis, the minutes from the central bank's meeting in March reveal.Economists at the Federal Reserve said they expect a "mild" recession later this... Read More.

Startup founder’s alleged $175 million fraud spotlights inequality in finance, experts said

Thursday, April 13 by ABC News

(NEW YORK) -- JPMorgan Chase trumpeted its $175 million acquisition of a college financial planning company called Frank in 2021, boasting that the firm served more than five million students.Little more than a year later, however, the nation's largest bank sued Frank founder Charlie... Read More.

Official calls on Meta, Mattel to do more to get Fisher-Price Rock ‘n Play sleepers off the market

Thursday, April 13 by ABC News

(NEW YORK) -- The head of the government agency that oversees recalls is making an urgent plea when it comes to getting a recalled baby product off the market.Alexander Hoehn-Saric, chair of the Consumer Product Safety Commission, sent letters Wednesday to Meta, the parent... Read More.