Business

Javier Ghersi/Getty Images (WASHINGTON) — The U.S. economy grew significantly more at the outset of this year than an initial measurement indicated, according to a major upward revision released on Thursday by the Commerce Department. Gross domestic product increased at a 2% annualized rate for a three-month period ending in March — a sizable jump […]

Ahmet Okur/Anadolu Agency via Getty Images (NEW YORK) — Virgin Galactic is launching its first fully commercial flight of the SpaceShipTwo space plane, the company announced. The ship will carry four people and launch around 11:00 a.m. ET, which will be available to watch via livestream. The trip is expected to last about 90 minutes. […]

Starbucks (NEW YORK) — Amid much back-and-forth between Starbucks and some of its workers who claim the company stopped Pride decorations from being displayed in some locations, some union employees have gone on strike to try to send a louder message. Starbucks Workers United (SWU) announced in a press release Monday, sent to ABC News, […]

Bloomberg Creative/Getty Images (NEW YORK) — Federal Reserve Chair Jerome Powell on Wednesday voiced an optimistic message about the U.S. economy and downplayed the threat of a recession. “The U.S. economy has actually been quite resilient,” Powell said in Sentra, Portugal, at a conference organized by the European Central Bank. While acknowledging that a recession […]

Catherine McQueen/Getty Images (NEW YORK) — Across the nation, more than $20 billion is waiting to be reclaimed by citizens who may not even know they may be owed cash from “unclaimed property,” which can include uncashed paychecks, refunds or deposits. “It turns out so many people have unclaimed property. You may be in for […]

Maskot/Getty Images (NEW YORK) — Natasha Jackson faced what she says was pregnancy discrimination 13 years ago. She was three months pregnant with her third child when she was put on leave from her job as an account manager at a local furniture store in Charleston, South Carolina. Jackson told ABC News that her workplace […]

American Farm Bureau (NEW YORK) — The average cost of a 4th of July cookout is slightly down, but families are still feeling the pinch of inflation and other cost catalysts on groceries. According to The American Farm Bureau’s annual marketbasket survey, the average cost for a 4th of July cookout will cost about $67.73 […]

IronHeart/Getty Images (WASHINGTON) — The federal government squandered more than $200 billion in potential fraud in its aggressive rush to prop up small businesses as the COVID-19 pandemic threatened to shatter the U.S. economy, according to a report published Tuesday by the inspector general of the Small Business Administration. The hefty sum, which amounts to approximately […]

CHUYN/Getty Images (NEW YORK) — Airlines have canceled more than 5,200 flights since Saturday in the U.S. and United Airlines CEO claimed the Federal Aviation Administration staffing and inexperience is partly to blame. United CEO Scott Kirby sent a letter to United employees on Monday, blaming the FAA for travel disruptions this past weekend at Newark […]

Kinga Krzeminska/Getty Images (NEW YORK) — Costco Wholesale is cracking down on customers sharing membership cards at the self-service checkout. The big box retailer will require shoppers at the self-checkout kiosks show their membership cards with their photo before they can begin scanning after the company noticed non-members were borrowing the non-transferrable cards to get […]