Business

Controversial firings follow Tesla union launch. Will the organizing effort win?

Saturday, February 18 by ABC News

(NEW YORK) -- When a group of Tesla workers at a factory in Buffalo launched a union organizing effort this week, it thrust employees into a high-profile standoff with a company led by CEO Elon Musk, one of the wealthiest people in the world.A day... Read More.

US credit card debt now totals nearly $1 trillion

Friday, February 17 by ABC News

(NEW YORK) -- U.S. consumer credit card debt has jumped to nearly $1 trillion, the Federal Reserve Bank of New York said on Thursday.Credit card balances increased more than $60 billion over the three months ending in December, lifting the total amount of U.S.... Read More.

Difficult growing season in Florida plagues price of orange juice

Friday, February 17 by ABC News

(NEW YORK) -- Oranges are synonymous with Florida, but between extreme weather and widespread citrus disease in the sunshine state, the fruit has failed to produce the same yield as years past, sending prices soaring.Earlier this month the United States Department of Agriculture predicted Florida... Read More.

Starbucks Vanilla Frappuccino bottles recalled due to some drinks possibly containing glass

Friday, February 17 by ABC News

(NEW YORK) -- PepsiCo, which releases bottled Starbucks coffee drinks, has announced a recall for one of its products.Select lots of 13.7-ounce glass bottled Starbucks Frappuccino Vanilla drinks have been voluntarily recalled, a representative for PepsiCo, on behalf of the North American Coffee Partnership,... Read More.

The prices of these products have dropped, defying high inflation

Thursday, February 16 by ABC News

(NEW YORK) -- Inflation has eased in recent months but remains sky-high, especially for some household items like eggs and flour.Price hikes for other products, however, have not only slowed but reversed altogether, offering much-needed relief for buyers, government data released this week showed.Used... Read More.

Judge raises possibility of revoking Sam Bankman-Fried’s bail over possible witness tampering

Thursday, February 16 by ABC News

(NEW YORK) -- A federal judge in New York on Thursday raised the possibility of revoking bail and remanding Sam Bankman-Fried into custody for possible witness tampering but opted to give his attorneys and federal prosecutors more time to propose stricter conditions of his... Read More.

Tesla recalling more than 360,000 cars over potential crash risk, agency says

Thursday, February 16 by ABC News

(WASHINGTON) -- Tesla is recalling up to 362,758 cars equipped with its Full Self-Driving Beta software or pending installation over concerns it can increase the risk of a crash, the National Highway Traffic Safety Administration announced Thursday."The FSD Beta system may allow the vehicle... Read More.

Deputy attorney general warns against using TikTok, citing data privacy

Thursday, February 16 by ABC News

(LONDON) -- Deputy Attorney General Lisa Monaco on Thursday warned against using TikTok, citing data security issues raised about the China-owned app."I don't use TikTok and I would not advise anybody to do so because of these concerns," Monaco said at a panel on... Read More.

US risks default as soon as July unless debt ceiling is raised, financial agency estimates

Wednesday, February 15 by ABC News

(WASHINGTON) -- The U.S. risks defaulting on its debts as early as July unless the borrowing limit is raised, the nonpartisan Congressional Budget Office said in a report on Wednesday.The federal government on Jan. 19 reached its approximately $31.4 trillion debt ceiling -- which legally... Read More.

What is ESG investing and why are some Republicans criticizing it?

Wednesday, February 15 by ABC News

(NEW YORK) -- The culture wars, fought nationwide in school board meetings and college classrooms, have entered a new arena: Wall Street.A sharp political divide has emerged over environmental, social and governance investing, or ESG, a type of investing that takes into account non-financial... Read More.

Tesla to open some of its charging stations, as Biden seeks to expand US network

Wednesday, February 15 by ABC News

(NEW YORK) -- Tesla plans to open a portion of its U.S. charging network to competing electric vehicle makers, the Biden administration said on Wednesday.The carmaker plans to open about 7,500 charging stations across the U.S. before the end of 2024, officials said on... Read More.

Nearly 70,000 people have reported ‘romance scam,’ with losses topping $1.3B last year: FTC

Wednesday, February 15 by ABC News

(NEW YORK) -- Romance scammers raked in big bucks in 2022, deceiving almost 70,000 people out of $1.3 billion, according to a new report from the Federal Trade Commission.According to the FBI, romance scammers create an online identity to gain a person's trust and... Read More.

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Controversial firings follow Tesla union launch. Will the organizing effort win?

US credit card debt now totals nearly $1 trillion

Difficult growing season in Florida plagues price of orange juice

Starbucks Vanilla Frappuccino bottles recalled due to some drinks possibly containing glass

The prices of these products have dropped, defying high inflation

Judge raises possibility of revoking Sam Bankman-Fried’s bail over possible witness tampering

Tesla recalling more than 360,000 cars over potential crash risk, agency says

Deputy attorney general warns against using TikTok, citing data privacy

US risks default as soon as July unless debt ceiling is raised, financial agency estimates

What is ESG investing and why are some Republicans criticizing it?

Tesla to open some of its charging stations, as Biden seeks to expand US network

Nearly 70,000 people have reported ‘romance scam,’ with losses topping $1.3B last year: FTC

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