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Tuesday, February 8
by
ABC News
Peloton, once a pandemic darling, to cut 2,800 jobs
(NEW YORK) -- Peloton announced Tuesday a major leadership shakeup and a plan to cut costs that includes laying off some 2,800 employees.The announcement comes as the pandemic wanes in the U.S. and gyms are reopening, lessening demand for the company's at-home workout equipment ...
Tuesday, February 8
by
ABC News
DOJ announces arrests in alleged $4.5 billion cryptocurrency laundering scheme
(WASHINGTON) -- The Justice Department on Tuesday announced the arrests of a New York couple charged with conspiring to launder cryptocurrency presently valued at $4.5 billion -- stolen during the 2016 hack of Bitfinex -- marking the "largest ever" financial seizure by the department.Ilya ...
Tuesday, February 8
by
ABC News
Russia-Ukraine tensions cause gas prices to soar
(NEW YORK) -- The recent tensions between Russia and Ukraine are affecting Americans at the pump.Prices for oil are now at their highest level in eight years.“Russia still supplies some of the oil to the United States, and prices for oil are now above ...
Monday, February 7
by
ABC News
Spotify CEO says ‘canceling voices is a slippery slope’ as Joe Rogan backlash mounts
(NEW YORK) -- Even in the face of mounting backlash, streaming giant Spotify is standing by embattled podcast host Joe Rogan.While the controversy initially centered around the spread of COVID-19 misinformation emanating from Rogan's namesake podcast, "The Joe Rogan Experience," a viral video of ...
Monday, February 7
by
ABC News
Flower prices rising ahead of Valentine’s Day
(DALLAS) -- With Valentine’s Day just one week away, the rush is on to get that special someone something special. But if flowers are a part of your gift, you'd better act fast -- and prepare yourself to spend more.Less than ideal growing conditions ...
Monday, February 7
by
ABC News
Black History Month: How stores are celebrating, honoring and giving back
(NEW YORK) -- Black History Month is here, and many retailers are not only celebrating, but also amplifying and giving back to Black communities in beautiful ways.From big-box retailers such as Walmart and Target to major department stores including Nordstrom, Macy's and more, companies ...
Monday, February 7
by
ABC News
Frontier and Spirit airlines to merge
(DENVER) -- Low-cost carriers Frontier Airlines and Spirit Airlines announced plans on Monday to merge, which would create the fifth-largest U.S. airline by revenue passenger miles.The deal, which is valued at more than $6 billion, leaves Frontier controlling 51.5% of the combined airline and ...
Friday, February 4
by
ABC News
NewsCorp hit with cyberattack, allegedly from China
(NEW YORK) -- Rupert Murdoch-owned media conglomerate NewsCorp was hit with a cyberattack, and a leading cybersecurity firm, Mandient, brought in to investigate concluded the activity was likely from China, NewsCorp said Friday.In an email to all NewsCorp employees, David Kline, NewsCorp's chief technology ...
Friday, February 4
by
ABC News
How Black families can achieve financial freedom
(NEW YORK) -- In the United States, Black families have an estimated one-eighth of the wealth that white families have, according to research from the McKinsey Institute of Black Economic Mobility.Federal policies, such as the Homestead Act of 1862, the 1935 Social Security Act ...
Friday, February 4
by
ABC News
Delta CEO: Put convicted unruly passengers on national ‘no-fly’ list
(WASHINGTON) -- After the worst year in history for unruly airline passengers, Delta’s CEO is asking the Department of Justice to help create a national "no-fly" list for anyone convicted of federal offenses related to an on-board disruption.CEO Ed Bastian wrote to U.S. Attorney ...
Friday, February 4
by
ABC News
Flight attendants outraged at Southwest’s decision to resume alcohol sales
(NEW YORK) -- Southwest flight attendants are "outraged" after the airline announced on Thursday that it is planning to resume on-board alcohol sales in two weeks.The airline had postponed the return of alcohol sales in late May citing the uptick in unruly passenger incidents.The ...
Friday, February 4
by
ABC News
Mom sues social media giants for allegedly driving her 11-year-old daughter to suicide
(NEW YORK) -- Amid the ongoing debate over the effects social media has on teens and children, a Connecticut mother filed a lawsuit last month against Meta and Snap for allegedly causing the tragic death of her 11-year-old daughter.In the lawsuit, mom Tammy Rodriguez ...
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