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Tuesday, January 2
by
ABC News
Would Elon Musk sell X as losses mount? Experts weigh in
(NEW YORK) -- Days after Elon Musk bought X for $44 billion last year, he strolled through the glass doors at company headquarters carrying a kitchen sink."Let that sink in," he said.Now, Musk faces a difficult reality of his own: A sharp decline in ...
Monday, January 1
by
ABC News
Over 657,000 infant formula cans recalled over potential bacteria contamination
(NEW YORK) -- Over 675,000 cans of baby formula are being recalled for possible bacterial contamination, the company announced.Reckitt and Mead Johnson Nutrition, the makers of Enfamil and Nutramigen, announced Saturday it was voluntarily recalling cans of Nutramigen Hypoallergenic Infant Formula Powder, a specialty ...
Monday, January 1
by
ABC News
Electric vehicle sales are slowing. No need for panic yet, insiders say.
(NEW YORK) -- The recent headlines for electric vehicles have been brutal: Sales are dropping. Momentum is slipping. Consumers are souring on the technology.Experts say, however, that 2024 may be the year to finally pull the plug on gasoline-powered cars and trucks."Five years ago ...
Friday, December 29
by
ABC News
How Wall Street reckoned with climate change in 2023
(NEW YORK) -- Wildfire smoke bathed New York City's front-line workers in fumes, atmospheric rivers forced hundreds of thousands of California homes into darkness, and hurricane Idalia battered tourism in Florida.Natural disasters nationwide in 2023 focused attention on the life-or-death stakes of climate change ...
Thursday, December 28
by
ABC News
Pizza Hut restaurants in California could lay off thousands as minimum wage law goes into effect
(LOS ANGELES) -- With the minimum wage in California increasing to $20 an hour for fast food workers in 2024, some Pizza Hut franchisees say they're preparing to eliminate jobs as well as delivery options for customers.As first reported by ABC News Los Angeles ...
Thursday, December 28
by
ABC News
Amazon Prime Video will start showing ads next month
(NEW YORK) -- Amazon will begin displaying advertisements in movies and TV shows on its Prime Video streaming service next month, the company said in an email to subscribers this week viewed by ABC News.Customers will be offered an ad-free alternative for an additional ...
Tuesday, December 26
by
ABC News
Holiday spending grew, erasing worries of a downturn
(NEW YORK) -- Consumer spending grew solidly this holiday season, rebuking concerns of a slowdown and reinforcing positive signals about the U.S. economy as it approaches the end of a tumultuous year.Buying among shoppers rose 3.1% over the holidays compared to the same period ...
Tuesday, December 26
by
ABC News
Unions made 2023 the year of the strike. What will happen next?
(NEW YORK) -- Greg Iwinski, a late-night TV writer, walked off the job this year amid a dramatic surge of workers going out on strike -- and he says the trend made its presence felt at the bargaining table."The ammunition that a company has, ...
Saturday, December 23
by
ABC News
Attacks on freight ships in the Red Sea could increase inflation. Here’s how.
(NEW YORK) -- Inflation is falling toward normal levels, according to fresh data released Friday from the Federal Reserve's preferred measure, the Personal Consumption Expenditures price index.The information is the latest in a string of good news for price increases, but a major disruption ...
Friday, December 22
by
ABC News
Postage stamp prices scheduled to increase in 2024
(NEW YORK) -- While we welcome the new year, we'll also be welcoming an increase in the cost of mailing letters and packages.Starting Jan. 21, the U.S. Postal Service will increase stamp prices from 66 cents to 68 cents for letters weighing one ounce ...
Thursday, December 21
by
ABC News
Wells Fargo workers form first union at a US megabank
(NEW YORK) -- Workers at a Wells Fargo branch in New Mexico voted to form a union late Wednesday, becoming the first employees at a U.S. megabank to unionize.Employees at an Albuquerque location favored unionization by a margin of 5-3, establishing a small outpost ...
Thursday, December 21
by
ABC News
General Mills cereal sales drop as demand for pricey brand names diminishes
(NEW YORK) -- Breakfast foods maker General Mills, the brand behind familiar cereals like Cheerios, Lucky Charms and Wheaties, may not be a consumer favorite anymore as the company experiences slowing sales and increasing price hikes.In the company's latest quarterly financial report, General Mills' ...
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