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Biden touts economic growth, debt and deficit reduction ahead of Fed rate hike

(WASHINGTON) -- President Joe Biden on Wednesday said that the federal government will pay down the national debt this quarter for the first time in six years. His remarks on economic growth came ahead of the Federal Reserve announcing a hike in interest rates Wednesday ...
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Fed expected to announce decision on interest rates

(NEW YORK) -- The Federal Reserve is expected to raise interest rates on Wednesday in an effort to help battle inflation. The increase is expected to be half a percentage point. So what does this latest hike mean for you? ABC News' Rebecca Jarvis appeared on ...
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Kim Kardashian’s Skims launches The Adaptive Collection for people with limited mobility

(NEW YORK) -- This week, Skims, Kim Kardashian’s “solutions-oriented” brand of underwear, shapewear and loungewear, launched The Adaptive Collection for people with limited mobility. The collection includes four pieces, all within the Fits Everybody wider range: an adaptive scoop bralette, thong, brief and boy short. ...
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New warning about rise in home-buying scams

(NEW YORK) -- As home buyers face low inventory, many are eager to make a deal as soon as they can, which can put some are risk for scams. Experts are warning that real estate wire fraud is on the rise, and if you aren’t ...
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The Great Resignation: Its origins and what it means for future business

(NEW YORK) -- In 2021, more than 47 million Americans quit their jobs, according to the Bureau of Labor Statistics - the most resignations on record. As resignation rates remain high in early 2022, in what has been since deemed by some as “The ...
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New Mexico expands program that could make child care free for many families

(NEW YORK) -- New Mexico is expanding a program that waives the cost of child care, an initiative that could make child care free for many families in the southwestern state. The announcement from Gov. Michelle Lujan Grisham last Thursday said the state's Early Childhood ...
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Diesel prices hit record high

(NEW YORK) -- It's not just regular gas prices that are higher. The rising cost for diesel fuel is having a ripple effect on truck drivers. The price for a gallon of diesel is $5.32, and that cost could start to trickle down to consumer ...
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US economy slows, sparking fears of recession

(NEW YORK) -- The U.S. economy shrank in the first three months of 2022, after years of growth, according to a new report. Economists had expected consumer spending to accelerate in March, as rising wages prompted more American spending on services such as dining out ...
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Dyson launches in-person professional stylist service in New York City

(NEW YORK) -- Dyson just announced the launch of its first-ever paid services at its Demo Store in New York City. Starting April 30, customers can have their hair professionally styled using a Dyson tool of their choice. The service costs $50. If you purchase a ...
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Elon Musk’s bid to end SEC tweet settlement rejected by judge

(NEW YORK) -- A federal judge in New York on Wednesday rejected Elon Musk’s request to terminate a settlement agreement with the Securities and Exchange Commission that he claimed was being abused to silence his speech. The 2018 deal required Musk’s tweets to be pre-approved ...
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Archegos founder Bill Hwang charged in massive stock market fraud

(NEW YORK) -- Federal prosecutors in New York on Wednesday announced criminal charges against the founder of a private investment firm and its chief financial officer for alleged “manipulative trading” and “deceptive conduct” that led to a multibillion-dollar fraud. Bill Hwang, the founder of Archegos ...
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Ford chairman discusses company’s push to all-electric fleet

(NEW YORK) -- The road toward an all-electric vehicle future is long and filled with roadblocks concerning high costs and supply chain issues, according to automakers and motor vehicle experts. However, the head of one of the world's leading automakers said that motorists are hungry ...
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