Business

NTSB to open special investigation into Norfolk Southern following recent derailments

Tuesday, March 7 by ABC News

(WASHINGTON) -- The National Transportation Safety Board said Tuesday it is opening a special investigation into Norfolk Southern's safety practices and culture in the wake of a hazardous train derailment in East Palestine, Ohio, and other recent incidents involving the train company.The last time the... Read More.

Weight Watchers moves into obesity drugs market with purchase of telehealth company

Tuesday, March 7 by ABC News

(NEW YORK) -- Weight Watchers, now known as WW, is a diet program that has been around for decades, focusing on changing eating and activity patterns through a points system.Now the wellness company is making a multi-million dollar bet on the booming obesity drug... Read More.

US debt default could cause ‘longstanding harm,’ Fed Chair Jerome Powell says

Tuesday, March 7 by ABC News

(WASHINGTON) -- Federal Reserve Chair Jerome Powell on Tuesday warned of potentially devastating consequences of a U.S. debt default and called on Congress to raise the debt ceiling.Speaking to the Senate banking committee, Powell said a potential U.S. debt default could be "extraordinarily adverse... Read More.

Justice Department files suit to block JetBlue merger with Spirit Airlines

Tuesday, March 7 by ABC News

(WASHINGTON) -- The Justice Department on Tuesday filed a lawsuit to stop the proposed merger between JetBlue and Spirit Airlines.The $3.8 billion merger would create the nation's fifth largest airline, and would be the first U.S. airline merger since 2016 when Alaska Airways... Read More.

Toblerone to change Matterhorn packaging over ‘Swissness’ rule after manufacturing move

Monday, March 6 by ABC News

(NEW YORK) -- Toblerone, the triangular-shaped chocolate with Switzerland's famed Matterhorn mountain immortalized on its packaging, will soon be changing its look to adhere to Swiss legislation.The candy bar, which is molded to mimic a mountain peak, can no longer be dubbed "Swiss chocolate"... Read More.

Tesla cuts US Model S and Model X prices

Monday, March 6 by ABC News

(NEW YORK) -- Electric carmaker Tesla slashed the prices of its two most expensive cars in the U.S., the automaker's website showed on Monday.The price cuts affected the performance version of the Model S and the more expensive Model X.The move follows a previous... Read More.

Women land top economic policy posts as profession faces wider reckoning

Sunday, March 5 by ABC News

(NEW YORK) -- Anna Gifty Opoku-Agyeman, a graduate student studying economics and public policy at Harvard Kennedy School, who is Black, said she never would have entered the field if she hadn't met Lisa Cook.In 2017, then an undergraduate math major with little familiarity with... Read More.

Amazon pauses construction of second headquarters in Virginia, dubbed ‘HQ2’

Friday, March 3 by ABC News

(NEW YORK) -- Amazon has paused construction on its second headquarters in Virginia, known as "HQ2," the company said Friday.The first phase of the HQ2 campus, called Met Park, will open in June for 8,000 employees, an Amazon spokesperson said. The company delayed completion... Read More.

The economy has delivered good news. Are recession fears over?

Thursday, March 2 by ABC News

(NEW YORK) -- Growing recession alarm at the outset of this year warned of a coming business slowdown and significant job losses -- until a government report last month showed that unemployment stands at its lowest level in more than 50 years.A couple weeks... Read More.

TikTok imposes default time limit for young users

Wednesday, March 1 by ABC News

(NEW YORK) -- Social media platform TikTok will set a default 60-minute screen time limit for users below age 18, the company announced on Wednesday.When the one-hour limit expires, young users will be prompted to enter a password that allows them to continue viewing... Read More.

Eli Lilly cuts insulin prices up to 70% amid pressure to slash costs

Wednesday, March 1 by ABC News

(NEW YORK) -- Eli Lilly will cut the price of its most commonly prescribed insulin products by 70% and expand a program that caps patient costs at $35 per month, the company said on Wednesday."While the current healthcare system provides access to insulin for... Read More.

End of expanded SNAP benefits may push Black, Latino communities into poverty: Study

Wednesday, March 1 by ABC News

(NEW YORK) -- When Alyn Carroll received information that her Supplemental Nutrition Assistance Program (SNAP) will soon be substantially decreased, her emotions almost overtook her."I wanted to cry," Carroll, 56, told ABC News. "I wanted to cry because I just started feeling comfortable where... Read More.

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NTSB to open special investigation into Norfolk Southern following recent derailments

Weight Watchers moves into obesity drugs market with purchase of telehealth company

US debt default could cause ‘longstanding harm,’ Fed Chair Jerome Powell says

Justice Department files suit to block JetBlue merger with Spirit Airlines

Toblerone to change Matterhorn packaging over ‘Swissness’ rule after manufacturing move

Tesla cuts US Model S and Model X prices

Women land top economic policy posts as profession faces wider reckoning

Amazon pauses construction of second headquarters in Virginia, dubbed ‘HQ2’

The economy has delivered good news. Are recession fears over?

TikTok imposes default time limit for young users

Eli Lilly cuts insulin prices up to 70% amid pressure to slash costs

End of expanded SNAP benefits may push Black, Latino communities into poverty: Study

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