Business

Nitat Termmee/Getty Images (NEW YORK) — As the U.S. hurtles closer to a default on its debt as early as next month, the economic consequences could prove devastating, especially for millions who stand to lose their jobs. Even a brief debt ceiling breach of about one week would slash 1.5 million jobs, raising the unemployment […]

Jill Smokler, left, is shown during an interview with ABC News’ Janai Norman. — ABC News (NEW YORK) — A year after “soft swinging” allegations embroiled a group of Mormon TikTok influencers in Utah, one of them is opening up about the aftermath of being unwittingly swept into the ensuing scandal, and the effect it […]

IronHeart/Getty Images (WASHINGTON) — A ticking clock in Washington to avert default by raising the nation’s borrowing limit is drawing attention to the $31.4 trillion debt already accrued by the United States government. The country hit its current debt ceiling in mid-January and is expected to run out of cash to be able to pay […]

Jakub Porzycki/NurPhoto via Getty Images (HELENA, Mont.) — A TikTok ban enacted by Montana — the first state to impose such a law — marked a major step in the growing U.S. backlash against the Chinese-owned social media platform over concerns about data privacy. Montana Gov. Greg Gianforte said he signed the measure on Wednesday […]

GMC (NEW YORK) — General Motors is recalling over 660,000 SUVs due to a potential safety issue involving car seats. The National Highway Traffic Safety Administration posted a recall notice on its website Thursday, stating that in certain models of Chevrolet Equinox and GMC Terrain vehicles, the rear-seat LATCH anchorage bars used to secure car […]

Firas Abdullah/Anadolu Agency via Getty Images (ORLANDO, Fla.) — Disney announced on Thursday that it canceled plans for a new campus near Orlando, Florida. The development was planned for the Lake Nona region. “Given the considerable changes that have occurred since the announcement of this project, including new leadership and changing business conditions, we have […]

Michael Godek/Getty Images (WASHINGTON) — Sen. Tim Scott, R-S.C., on Thursday called for firings at the Federal Reserve over the central bank’s failure to regulate Silicon Valley Bank in the run-up to its collapse. The imperative from Scott came during Senate testimony from Michael Barr, the Fed’s vice chair for supervision, who faced scrutiny from […]

SOPA Images/LightRocket via Getty Images (NEW YORK) — When Ashtin Gamblin remembers the night she was shot nine times, she can picture herself lying in the ambulance and worrying about whether she could afford it. “That’s how the American medical system is,” she told ABC News. “I just got shot and I’m concerned about how […]

RiverNorthPhotography/Getty Images (NEW YORK) — When it comes to marketing hooks, “Taco Tuesday” may be among the most well-known and successful tactics to entice diners with a delicious deal on a beloved Mexican food. Now, California-based fast food giant Taco Bell has filed a new petition to do away with a trademark registration on the […]

NoSystem images/Getty Images (NEW YORK) — A group of music artists that includes legends like Whitney Houston, through her estate, and Bob Dylan have sold all or part of their song catalogs in recent years — a trend experts say has become more popular as artists seek to cash in on their copyrights and, in […]