ABC Business

Netflix raises prices for all US plans. Heres what to know

Wednesday, January 22 by ABC News

(NEW YORK) -- Shares of Netflix soared 12% in early trading on Wednesday, just hours after the streaming giant announced price increases set to impact all of the company’s U.S. subscribers.The standard monthly subscription without advertisements will climb from $15.49 to $17.99, and a... Read More.

Costcos greedy executives have hard deadline to prevent strike, union rep says

Wednesday, January 22 by ABC News

(ISSAQUAH ,WA) -- In pursuit of increased wages and renegotiated employee benefits, more than 18,000 Costco union members nationwide voted to authorize a strike if the wholesale company doesn't agree to their terms by Jan. 31.The looming Costco strike marks the latest in a... Read More.

Donald and Melania Trump crypto tokens plummet

Tuesday, January 21 by ABC News

(NEW YORK) -- Cryptocurrencies affiliated with President Donald Trump and first lady Melania Trump plummeted in the initial hours after Trump was sworn into office Monday."Official Trump," a recently launched crypto token, plunged more than 20% in value over a 24-hour stretch ending Tuesday... Read More.

Inflation report shows upsurge days before Trump takes office

Monday, January 20 by ABC News

(WASHINGTON) -- Consumer prices rose 2.9% in December compared to a year ago, ticking up from the previous month and extending a resurgent bout of inflation just days before President-elect Donald Trump takes office. The reading matched economists' expectations.The fresh data arrives after a... Read More.

TikTok thanks Trump after it begins restoring service to US users

Monday, January 20 by ABC News

TikTok said Sunday it's "restoring service" after a ban in the United States initially began to take effect earlier in the day."In agreement with our service providers, TikTok is in the process of restoring service. We thank President Trump for providing the necessary clarity... Read More.

Los Angeles fire losses could reach $30 billion for insurers

Tuesday, January 14 by ABC News

(LOS ANGELES) -- Multiple fires raging across the Los Angeles area will cost insurers as much as $30 billion, Wells Fargo and Goldman Sachs estimated in a report released this week.After accounting for non-insured damages, the total costs will balloon to $40 billion, the... Read More.

Will TikTok users be able to access the app after a potential ban? Experts explain

Saturday, January 11 by ABC News

(NEW YORK) -- TikTok mounted a last-ditch effort at the Supreme Court on Friday meant to stop a ban of the app set to take effect within days -- but the platform's arguments may have landed with a thud.A majority of the justices appeared... Read More.

Online holiday shopping soars to record high amid rise of AI shopping assistants, Adobe data shows

Tuesday, January 7 by ABC News

(NEW YORK) -- Online holiday shopping soared to a fresh record high in 2024, driven by an array of e-commerce discounts and adoption of AI-fueled shopping assistants, according to data released on Tuesday by Adobe.E-commerce sales topped $240 billion in November and December, climbing... Read More.

Facebook, Instagram dump fact-checkers citing election as cultural tipping point

Tuesday, January 7 by ABC News

(NEW YORK) -- Facebook plans to replace its fact-checkers with "community notes," a move that Meta CEO Mark Zuckerberg said would allow the social network to return "to our roots around free expression.""We're replacing fact checkers with Community Notes, simplifying our policies and focusing... Read More.

New federal rule will remove medical debt from credit reports

Tuesday, January 7 by ABC News

(WASHINGTON) -- In a major change that could affect millions of Americans' credit scores, the Consumer Financial Protection Bureau on Tuesday finalized a rule to remove medical debt from consumer credit reports.The rule would erase an estimated $49 billion in unpaid medical bills from... Read More.