Business

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 […]

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. […]

Bill Pugliano/Getty Images (DETROIT) — The head of the United Auto Workers said plans by two automakers to temporarily lay off non-striking employees “won’t work,” as the unprecedented strike enters the second day. The UAW, which represents nearly 150,000 autoworkers, started a strike early Friday morning against the Big Three automakers — General Motors, Ford and […]

Nitat Termmee/Getty Images (NEW YORK) — Lordstown, Ohio, has been a crucial and valued site in the automotive industry, and now it is at the crossroads of what could be a major labor movement. The 25-square-mile town was formally the site of a General Motors plant that employed thousands of unionized workers. Last fall, a […]

Marko Geber/Getty Images (DALLAS) — When Republican Texas Gov. Greg Abbott declared a war on “woke” earlier this year with a proposal that would require booksellers to rate texts before selling them to school districts, he caught the attention of a small wholesaler in St. Louis who feared that his industry would be decimated. “We’re […]