Business

CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft, data shows

Saturday, August 5 by ABC News

(NEW YORK) -- While some tech giants neared or imposed widespread layoffs last year, compensation for their CEOs climbed as much as tens of millions... Read More.

Prosecutors seek bail revocation for FTX founder Sam Bankman-Fried

Friday, August 4 by ABC News

(NEW YORK) -- Disgraced crypto executive Sam Bankman-Fried deserves to have his bail revoked and to be detained before he is tried for fraud... Read More.

What buyers are doing to win a home in a competitive real estate market

Wednesday, August 2 by ABC News

(NEW JERSEY)-- The lack of available homes on the market is near historic lows, sparking fierce bidding wars in cities across the country –... Read More.

CVS to lay off 5,000 employees in push to shed costs

Tuesday, August 1 by ABC News

(NEW YORK) -- CVS Health is laying off 5,000 employees as part of an effort to shed costs, the retail and pharmacy chain confirmed... Read More.

Trader Joe’s recalls 10K cases of broccoli cheddar soup over potential foreign material

Friday, July 28 by ABC News

(NEW YORK) -- Trader Joe's has issued a voluntary recall of its Unexpected Broccoli Cheddar Soup that was distributed in seven states after a... Read More.

Interest rates are at a 22-year high. Here’s what that means for your finances.

Friday, July 28 by ABC News

(NEW YORK) -- The Federal Reserve raised interest rates to a 22-year high this week -- a milestone that carries major implications for the... Read More.

Amid staggering student loan debt, Black women also face unequal pay

Friday, July 28 by ABC News

(NEW YORK) -- Ravenn Moore, a 43-year-old mom in the Detroit area, said she accumulated tens of thousands of dollars of debt while earning... Read More.

Anheuser-Busch to lay off hundreds of workers after Bud Light boycott hammers sales

Friday, July 28 by ABC News

(NEW YORK) -- Anheuser-Busch plans to lay off hundreds of corporate employees, a company spokesperson told ABC News on Thursday.The layoffs come months after... Read More.

In an airline first, Braille coming to all United planes by 2026

Thursday, July 27 by ABC News

(NEW YORK) -- United Airlines announced Thursday that it is the first U.S. airline to add Braille to its aircraft cabin interiors.The airline has... Read More.

US economic growth accelerated in second quarter, exceeding expectations and rebuking recession fears

Thursday, July 27 by ABC News

(NEW YORK) -- U.S. economic growth accelerated over three months ending in June, blowing past economist expectations and rebuking concern about a possible recession.The... Read More.

US economy expected to have grown, dispelling recession fears

Thursday, July 27 by ABC News

(NEW YORK) -- Fears of a recession have cast a thundercloud over the economy for many months but forecasters sun-kissed by falling inflation and... Read More.

US economy expected to have grown but slowed, dispelling recession fears

Thursday, July 27 by ABC News

(NEW YORK) -- Fears of a recession have cast a thundercloud over the economy for many months but forecasters sun-kissed by falling inflation and... Read More.