Business News – Page 14 – Deltaplex News

Holiday shopping surges, flexing strength of US economy

Thursday, December 26 by ABC News

(NEW YORK) -- Holiday spending surged in 2024, blowing past expectations and outpacing customer purchases over the gift-buying season last year, according to data released on Thursday by Mastercard SpendingPulse, which gauges in-store and online retail sales.The end-of-year flex of consumer strength marks the latest indication... Read More.

Starbucks strike expands to 300 stores on Christmas Eve

Tuesday, December 24 by ABC News

(NEW YORK) -- Thousands of Starbucks baristas are set to walk off the job on Tuesday, expanding the dayslong holiday strike to 300 stores in dozens of cities and towns nationwide, according to the union Starbucks Workers United.In all, 5,000 Starbucks employees will go... Read More.

Is the Teamsters protest at Amazon disrupting holiday deliveries?

Tuesday, December 24 by ABC News

Amazon delivery drivers and third-party workers for the nation's predominant shopping platform have walked off the job in the past week, seeking what they consider a fair labor agreement -- and triggering widespread concern among consumers about a potential disruption of deliveries amid a... Read More.

Starbucks strike expands to 12 cities

Monday, December 23 by ABC News

(NEW YORK) -- Starbucks baristas walked off the job in major cities in Massachusetts, Texas and Oregon on Monday, expanding the dayslong holiday strike to 12 cities nationwide, according to the union Starbucks Workers United.Workers went out on strike in Boston, Dallas-Fort Worth, Texas,... Read More.

Price of bitcoin falls more than 10%

Friday, December 20 by ABC News

(NEW YORK) -- The price of bitcoin has tumbled about 12% from a record high reached earlier this week.After topping $108,000 for the first time on Tuesday, the world’s largest cryptocurrency dropped to a price below $93,000 in early trading on Friday. Bitcoin soon recovered some of those... Read More.

Teamsters president to rally with workers as Amazon strike set to go into 2nd day

Friday, December 20 by ABC News

(NEW YORK) -- Workers affiliated with the Teamsters began striking at Amazon facilities across the country Thursday morning -- in what the union calls the largest strike in history against the online shopping giant less than a week before Christmas.In a news release Thursday... Read More.

Teamsters say momentum continues as Christmastime strike against Amazon enters 2nd day

Friday, December 20 by ABC News

(NEW YORK) -- As the Teamsters' cross-country Christmastime strike against Amazon entered its second day on Friday, the union said that "momentum continues to mount" as workers seek "fair treatment" from the online retailer."The Amazon Teamsters movement grows bigger and stronger every day and... Read More.

Teamsters begin largest strike against Amazon, accusing company of insatiable greed

Thursday, December 19 by ABC News

(NEW YORK) -- The Teamsters said workers will begin striking at Amazon facilities across the country Thursday morning -- in what the union calls the largest strike against the online shopping giant less than a week before Christmas.The Teamsters said the strike will begin... Read More.

Fed cuts interest rates, delivering relief for borrowers at last meeting before Trump takes office

Wednesday, December 18 by ABC News

(WASHINGTON) -- The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at the central bank's last meeting before President-elect Donald Trump takes office next month.The central bank predicted fewer rate cuts next year than... Read More.

Bitcoin soars on hopes of bitcoin strategic reserve. Heres how it would work.

Wednesday, December 18 by ABC News

(NEW YORK) -- The price of bitcoin topped $107,000 for the first time this week, climbing to a fresh high days after President-elect Donald Trump reaffirmed support for a U.S. bitcoin strategic reserve akin to its strategic oil reserve.The world’s largest cryptocurrency has seen... Read More.

TikTok denied emergency request to stop ban from taking effect

Friday, December 13 by ABC News

(NEW YORK) -- The federal appeals court that last week rejected TikTok's attempt to overthrow its pending ban denied the company's request Friday that sought to pause the ruling and the Jan. 19 deadline for a sale.The company, which has been forced by a... Read More.

Fed expected to cut interest rates despite rising inflation. Heres why

Thursday, December 12 by ABC News

(WASHINGTON) -- A fresh inflation reading this week flashed a warning: Price increases are rising again, just when the Federal Reserve had appeared close to declaring "mission accomplished" in its yearslong fight to lower them.In theory, the trend would prompt the Fed to raise... Read More.

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