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Saturday, March 25
by
ABC News
Gordon Moore, co-founder and former chairman of Intel, dies at 94
(NEW YORK) -- Gordon Moore, the co-founder and former chairman of tech giant Intel, died Friday at the age of 94, the company and the Gordon and Betty Moore Foundation announced.A press release stated Moore died "surrounded by family" in Hawaii.Moore and Robert Noyce founded ...
Saturday, March 25
by
ABC News
High interest rates hammer consumers seeking mortgage or car loans
(NEW YORK) -- The banking crisis that erupted earlier this month elicited some predictions of a halt in interest rate hikes, since previous borrowing cost increases garnered blame for the financial distress.Instead, the Federal Reserve on Wednesday imposed another hike, extending a yearlong blitz of ...
Friday, March 24
by
ABC News
‘A game changer’: Ford CEO touts new electric vehicle plant
(NEW YORK) -- United Nations Secretary-General Antonio Guterres said that the world is "on thin ice" and called for "climate action on all fronts" earlier this week while revealing the latest U.N. climate report.The report said that greenhouse gas emissions continue to grow as ...
Friday, March 24
by
ABC News
Dunkin’ adds breakfast tacos to morning menu in a sea of savory fast food competition
(NEW YORK) -- From the iconic Egg McMuffin at McDonald's to French Toast Sticks at Wendy's, the competition among fast food chains to serve Americans breakfast has registered another entry.Dunkin' launched its latest menu offering, Breakfast Tacos, on Wednesday to capitalize on consumers' love ...
Friday, March 24
by
ABC News
Woman’s simple five-step method to save $1,000 a month on groceries
(NEW YORK) -- One woman who said her family was in debt and one step away from financial disaster made a change in her spending at the grocery store that's paying off big.Becky Guiles, known as the "Freebie Lady" on social media, shared her ...
Thursday, March 23
by
ABC News
TikTok CEO Shou Zi Chew testimony updates: Company hopes to stave off possible ban
(WASHINGTON) -- A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on Thursday when TikTok CEO Shou Zi Chew testifies before a committee of House lawmakers.The China-based app, which counts more than ...
Thursday, March 23
by
ABC News
TikTok CEO to testify on Capitol Hill amid calls for ban on app
(WASHINGTON) -- A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on Thursday when TikTok CEO Shou Zi Chew testifies before a committee of House lawmakers.The China-based app, which counts more than ...
Wednesday, March 22
by
ABC News
Foot Locker announces plan to close 400 stores by 2026
(NEW YORK) -- Foot Locker plans to close 400 stores in North America by 2026 as it rebrands part of its business, the company announced Monday.The company plans to close many underperforming stores in shopping malls while focusing on strengthening its standalone stores with new ...
Wednesday, March 22
by
ABC News
Fed raises interest rates 0.25%, intensifying inflation fight despite banking fears
(WASHINGTON) -- The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, intensifying the central bank's fight against inflation despite concern that previous rate increases helped trigger the nation's banking crisis.The Fed's benchmark interest rate has contributed to the financial emergency facing U.S. ...
Wednesday, March 22
by
ABC News
US banking system ‘sound and resilient,’ Fed Chair Jerome Powell says
(WASHINGTON) -- Federal Reserve Chair Jerome Powell on Wednesday called the U.S. banking system "strong and resilient," voicing confidence in the nation's financial system and the safety of bank deposits less than two weeks after the failure of Silicon Valley Bank, the second-biggest bank collapse ...
Wednesday, March 22
by
ABC News
Fed to decide on rate hike as it weighs priority of banking crisis or inflation fight
(WASHINGTON) -- Policymakers and investors will closely watch a decision from the Federal Reserve on Wednesday about whether to raise interest rates as the U.S. economy weathers two pressing challenges: a banking crisis and persistent inflation.The precarious moment poses a dilemma for the Fed ...
Tuesday, March 21
by
ABC News
Former Trump official calls TikTok a ‘digital virus’
(NEW YORK) -- TikTok is facing growing scrutiny from government officials over cybersecurity fears about Americans' data. U.S. officials are reportedly demanding that Chinese owners sell its stake in the app or risk a nationwide ban.Later this week, TikTok CEO Shou Zi Chew is set ...
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