Business

Catherine McQueen/Getty Images (NEW YORK) — While the joy of raising a child is priceless, the actual dollars and cents cost of it all is sharply on the rise, a new study shows. The average cost of raising a child rose nearly 20% in the United States from 2016 to 2021, according to a study […]

Kraft Heinz (NEW YORK) — Food company Kraft Heinz has issued a voluntary recall after nearly 84,000 slices of processed individually-wrapped American cheese were deemed to potentially contain choking hazards. “The voluntary recall comes as a precaution after a temporary issue developed on one of our wrapping machines, making it possible that a thin strip […]

BojanMirkovic/Getty Images (NEW YORK) — According to the U.S. Small Business Administration, there are close to five million Hispanic-owned businesses in the United States that contribute over $800 billion to the U.S. economy annually. To celebrate National Hispanic Heritage Month, ABC News’ Good Morning America is spotlighting Latin-owned businesses. Scroll down to support five Latina […]

Bloomberg Creative/Getty Images (WASHINGTON) — Upon announcing the Federal Reserve’s latest rate-hike decision in July, Fed Chair Jerome Powell spoke at a lectern in Washington D.C. for 33 minutes before he dropped a bombshell: The central bank’s staff had abandoned its forecast of a recession. Staff at the Fed, in other words, now expect the […]

Nipitpon Singad / EyeEm/Getty Images (NEW YORK) — You can now plan to kick off your holiday shopping as early as October! Following Amazon’s announcement of Prime Big Deal Days, Walmart and Target have released information on their adjacent sales, all kicking off the week of Oct. 1. To help make your shopping life easier, […]

David Paul Morris/Bloomberg via Getty Images (NEW YORK) — Society may be getting one step closer to the flying commuter vehicles made famous in the animated series The Jetsons, as Ohio just announced that hundreds of flying taxis will be built at a facility in the state. The company Joby Aviation Inc. was selected to […]

Bill Pugliano/Getty Images (DETROIT) — United Auto Workers President Shawn Fain said the union’s strike will expand if “serious progress” isn’t made in the contract negotiations with automakers by Friday. Fain said in a Monday evening update posted on social media that the deadline for greater progress in the union’s talks with Ford, GM and […]

Brandon Bell/Getty Images (NEW YORK) — An August cyberattack on Clorox caused “wide-scale disruptions” in its operations, which could mean product delays and shortages, according to a securities filing Monday. The Clorox Company, known for its sanitizing wipes and brands such as PineSol, FreshStep cat litter, and Hidden Valley Ranch, said they detected “unauthorized activity […]

Bill Pugliano/Getty Images (DETROIT) — A labor strike against the three largest motor vehicle manufacturers in the United States carried into a fourth day on Monday amid ongoing negotiations to reach a deal. The United Auto Workers, which represents nearly 150,000 American autoworkers, launched a strike early Friday against General Motors, Ford and Stellantis — […]

Bill Pugliano/Getty Images (DETROIT) — A strike launched by thousands of autoworkers against the Big 3 U.S. automakers early Friday morning has spotlighted an issue raised by employees across the economy: The gap between CEO and worker pay. The United Auto Workers, or UAW, has demanded a 46% raise for workers over the next four years. […]