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Thursday, July 27
by
ABC News
US economy expected to have grown but slowed, dispelling recession fears
(NEW YORK) -- Fears of a recession have cast a thundercloud over the economy for many months but forecasters sun-kissed by falling inflation and a robust jobs market have grown optimistic about the U.S. averting a downturn.Gross domestic product data to be released by ...
Wednesday, July 26
by
ABC News
Recession not in the latest Fed staff forecast: Federal Reserve Chair
(WASHINGTON) -- U.S. Federal Reserve Chair Jerome Powell told reporters Wednesday that the Fed staff no longer forecasts a recession for the U.S., and there is a chance inflation could return to target without high job losses.In April, the Federal Reserve staff expected the regional ...
Wednesday, July 26
by
ABC News
Fed raises interest rates 0.25%, intensifying inflation fight despite cooling prices
(WASHINGTON) -- The Federal Reserve raised its benchmark interest rate another 0.25% on Wednesday, reviving its inflation fight despite a significant cooldown of price increases in recent months.The rate hike brought the Fed's benchmark interest rate to a 22-year high of between 5.25% and 5.5%.Inflation ...
Wednesday, July 26
by
ABC News
Young couples face wedding vs. house dilemma amid skyrocketing costs
(NEW YORK) -- For couples ready to take that next step together, there’s nothing like planning a wedding -- then going into sticker shock after discovering just how much it’s going to cost.The average cost of a wedding in 2022 was about $30,000, according ...
Wednesday, July 26
by
ABC News
Expert tips to save big on holiday travel now by booking this summer
(NEW YORK) -- If you travel often, you've probably heard the rule of thumb, to book during the opposite season -- sort of like Christmas in July or buying a winter coat at a deep discount during summer.Experts say the logic is the same ...
Wednesday, July 26
by
ABC News
High-stakes economic releases to test hope of averting recession
(NEW YORK) -- Alarm over a possible recession has blared for well over a year, but in recent months a cooldown of inflation alongside resilient job gains has quieted the din.Growing optimism among some forecasters that the economy could avoid a recession altogether, however, ...
Wednesday, July 26
by
ABC News
Federal Reserve expected to escalate inflation fight for final time
(WASHINGTON) -- The Federal Reserve on Wednesday will decide whether to revive an aggressive series of interest rate hikes and may indicate a willingness to soon end its full-throttle inflation fight.Last month, the central bank left its benchmark interest rate unchanged, ending a string ...
Tuesday, July 25
by
ABC News
UPS and Teamsters union reach agreement, avert strike
(NEW YORK) -- UPS and the International Brotherhood of Teamsters, a union representing about 330,000 UPS employees in the U.S., have reached a tentative collective bargaining agreement.Contract negotiations between UPS and the Teamsters restarted on Tuesday after breaking down earlier this month. The two sides ...
Tuesday, July 25
by
ABC News
Trader Joe’s recalls cookies that may contain rocks
(NEW YORK) -- Trader Joe's shoppers should check their pantries for two kinds of the company's cookie products that were recently recalled because they "may contain rocks."The retailer announced in a press release on July 21 that it had been notified about the possible ...
Tuesday, July 25
by
ABC News
Free milkshakes, new picnic baskets from Shake Shack for summer
(NEW YORK) -- Picnics are synonymous with summertime, and while it can be fun to curate the perfect combination of snacks and foods at home, Shake Shack is making it easier than ever with its new "Veg Out" kit, complete with the chain's newest ...
Tuesday, July 25
by
ABC News
TikTok adds text-only posts as social media landscape shifts with Facebook, Twitter
(NEW YORK) -- TikTok has added a new feature that allows users to create text-only posts with the change coming just a day after Twitter rebranded itself and less than three weeks after Facebook released Threads as competition between the social media giants continues ...
Tuesday, July 25
by
ABC News
School supply sales tax holidays starting in several states
(NEW YORK) -- Books, binders, pens and pencils are just a few of the necessities students across the country will need as the upcoming school year awaits. But a lengthy list of school supplies may have families sweating the price tags associated with these ...
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