Business

Tayfun Coskun/Anadolu Agency via Getty Images (NEW YORK) — Abbott is being investigated by the Securities and Exchange Commission, as well as the Federal Trade Commission, in relation to their infant formula business, the company disclosed in a new SEC filing. Abbott said in a filing Friday that they received a subpoena from the SEC’s […]

Justin Sullivan/Getty Images (NEW YORK) — When a group of Tesla workers at a factory in Buffalo launched a union organizing effort this week, it thrust employees into a high-profile standoff with a company led by CEO Elon Musk, one of the wealthiest people in the world. A day later, on Wednesday, Tesla fired more than […]

Starbucks/Amazon (NEW YORK) — PepsiCo, which releases bottled Starbucks coffee drinks, has announced a recall for one of its products. Select lots of 13.7-ounce glass bottled Starbucks Frappuccino Vanilla drinks have been voluntarily recalled, a representative for PepsiCo, on behalf of the North American Coffee Partnership, said in a statement to ABC News. More than […]

Adam Gault/Getty Images (NEW YORK) — U.S. consumer credit card debt has jumped to nearly $1 trillion, the Federal Reserve Bank of New York said on Thursday. Credit card balances increased more than $60 billion over the three months ending in December, lifting the total amount of U.S. credit card debt to an all-time high […]

Yulia Naumenko/Getty Images (NEW YORK) — Oranges are synonymous with Florida, but between extreme weather and widespread citrus disease in the sunshine state, the fruit has failed to produce the same yield as years past, sending prices soaring. Earlier this month the United States Department of Agriculture predicted Florida will produce 16 million 90-pound boxes of […]

Mario Tama/Getty Images (NEW YORK) — Inflation has eased in recent months but remains sky-high, especially for some household items like eggs and flour. Price hikes for other products, however, have not only slowed but reversed altogether, offering much-needed relief for buyers, government data released this week showed. Used cars, for instance, cost roughly 10% […]

Stephanie Keith/Bloomberg via Getty Images (NEW YORK) — A federal judge in New York on Thursday raised the possibility of revoking bail and remanding Sam Bankman-Fried into custody for possible witness tampering but opted to give his attorneys and federal prosecutors more time to propose stricter conditions of his pre-trial release. Bankman-Fried has pleaded not […]

5./15 WEST/Getty Images (LONDON) — Deputy Attorney General Lisa Monaco on Thursday warned against using TikTok, citing data security issues raised about the China-owned app. “I don’t use TikTok and I would not advise anybody to do so because of these concerns,” Monaco said at a panel on technology and national security at the Chatham […]