Business

Student loan rates set to reach 16-year high: Its a shock

Thursday, May 9 by ABC News

(NEW YORK) -- The borrowing cost for student loans is poised to reach a 16-year high.The interest rate on a federal undergraduate student loan is expected to climb to 6.5% in July, which would mark its highest level since 2008, financial-aid expert Mark Kantrowitz... Read More.

TikTok sues to block potential ban. Can it win?

Thursday, May 9 by ABC News

(NEW YORK) -- ByteDance, the parent company of TikTok, struck the latest blow in a high-stakes clash between the social media company and the U.S. government, filing a lawsuit this week challenging a forced sale of TikTok as unconstitutional.The case could nullify the measure... Read More.

TikTok to automatically label AI-generated content

Thursday, May 9 by ABC News

(NEW YORK) -- TikTok announced on ABC News' Good Morning America Thursday morning that beginning immediately, the social media giant will automatically label Artificial Intelligence-generated content when it is uploaded from certain platforms."Our users and our creators are so excited about AI and what... Read More.

What to know about the new AI data center in Wisconsin

Wednesday, May 8 by ABC News

(MOUNT PLEASANT, Wis.) -- President Joe Biden is set to announce on Wednesday a $3 billion investment by tech giant Microsoft to build an artificial intelligence data center in southeast Wisconsin.The sprawling facility will be located on the same plot of land where, in... Read More.

Panera drops controversial Charged Lemonade from drink menu

Wednesday, May 8 by ABC News

(NEW YORK) -- Fast casual restaurant chain Panera Bread is doing away with highly caffeinated Charged Lemonade drinks that have been at the center of multiple wrongful death lawsuits since last fall.A spokesperson for Panera confirmed to ABC News that is has undergone a... Read More.

Where is Apple headed after latest product event? Experts weigh in

Tuesday, May 7 by ABC News

(NEW YORK) -- Apple unveiled new models of its iPad at an event on Tuesday, promising revamped devices at affordable prices."This is the biggest day for iPad since its introduction," CEO Tim Cook declared.The announcement exemplified the current strategy at Apple: Rely on new... Read More.

Boy Scouts changing name to Scouting America to be more inclusive

Tuesday, May 7 by ABC News

(NEW YORK) -- In an effort to be more inclusive, The Boy Scouts of America is changing its name to Scouting America, the organization announced Tuesday.The rebrand reflects "the organization's ongoing commitment to welcome every youth and family in America to experience the benefits... Read More.

Starbucks sales are slumping. Is it a bellwether for the economy?

Tuesday, May 7 by ABC News

(NEW YORK) -- Starbucks shares have plummeted more than 17% in value since the company revealed a sales slump in an earnings report last week.“The brand is incredibly resilient, but it’s clearly not business as usual,” former CEO Howard Schultz said in a post... Read More.

Interest rates may stay high for longer. Here’s what it means for the 2024 election.

Tuesday, May 7 by ABC News

(NEW YORK) -- At the start of 2024, the economy appeared to deliver just about everything President Joe Biden could want: falling inflation, robust growth and a forecast of interest rate cuts at the Federal Reserve that might send economic output even higher.Since then,... Read More.

Some Planters nuts recalled for potential listeria contamination

Tuesday, May 7 by ABC News

(NEW YORK) -- Publix and Dollar Tree shoppers should check their pantries for two types of Planters brand nuts that were recently recalled across five states.In a company announcement dated May 3 and posted on the U.S. Food and Drug Administration website, Planters' parent... Read More.

More people support than oppose a TikTok ban; frequent users, young adults push back: POLL

Tuesday, May 7 by ABC News

(NEW YORK) -- Young adults and frequent users push back against the federal government forcing a sale of TikTok or banning the social media app in the United States, but older adults, infrequent users and nonusers are on board, resulting in a tilt toward... Read More.

Boeing locks out its firefighters amid union fight for pay

Saturday, May 4 by ABC News

(WASHINGTON) -- Boeing officially locked out its unionized firefighters in Washington after the firefighter's union failed to come to an agreement with the company after two-and-a-half months of negotiations, primarily over pay.This is the first time in over four decades that a group of... Read More.

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Student loan rates set to reach 16-year high: Its a shock

TikTok sues to block potential ban. Can it win?

TikTok to automatically label AI-generated content

What to know about the new AI data center in Wisconsin

Panera drops controversial Charged Lemonade from drink menu

Where is Apple headed after latest product event? Experts weigh in

Boy Scouts changing name to Scouting America to be more inclusive

Starbucks sales are slumping. Is it a bellwether for the economy?

Interest rates may stay high for longer. Here’s what it means for the 2024 election.

Some Planters nuts recalled for potential listeria contamination

More people support than oppose a TikTok ban; frequent users, young adults push back: POLL

Boeing locks out its firefighters amid union fight for pay

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