Business News

The housing market is cooling again. Here’s why.

Thomas Northcut/Getty Images (NEW YORK) — A sluggish housing market for most of last year began to heat up as the calendar turned to 2024. In recent weeks, however, the market has cooled once again. A surge in mortgage rates accounts for the slowdown in the housing market, experts told ABC News, pointing to elevated home prices pushed out of …

Read More »

New lawsuit claims Stanley tumblers ‘failed to disclose presence of lead’

Stanley tumblers are displayed on a shelf at a Dick’s Sporting Goods store, Feb. 2, 2024, in Daly City, Calif. (Justin Sullivan/Getty Images) (NEW YORK) — The trendy oversized Stanley thermos that reached viral fame on social media and became a must-have item is facing new criticism from customers. The parent company of the viral tumblers is facing two lawsuits …

Read More »

AT&T outage impacting US customers, company says

Karl Tapales/Getty Images (NEW YORK) — A network disruption is affecting AT&T customers in the U.S. Thursday. In a statement to ABC News, the company confirmed the outage and advised customers to make calls over Wi-Fi. “Some of our customers are experiencing wireless service interruptions this morning. We are working urgently to restore service to them. We encourage the use …

Read More »

Boeing replaces Ed Clark, leader of 737 Max program, in wake of midair incident

Mordolff/Getty Images (NEW YORK) — Boeing has announced it is replacing the head of its 737 Max program as part of a reshuffling of the company in the wake of the much-publicized incident of a door plug blowing out of an Alaska Airlines flight last month. Katie Ringgold will be replacing Ed Clark – an 18-year veteran of the company …

Read More »

What to know about American Airlines’ new policy changes: Checked bag fees, luggage size, earning loyalty points and miles

American Airlines passenger jets are lined up on the gates at Washingtons Reagan National Airport, Feb. 10, 2024, in Arlington, Va. (J. David Ake/Getty Images) (NEW YORK) — Delta made waves last year in announcing sweeping policy changes to its loyalty program, and now American Airlines has followed suit with changes of its own that will impact how travelers earn …

Read More »

Two Black GM workers share their experiences in the automotive industry

GM chief engineer Dom Lester mentors young minorities and women who are pursuing careers in vehicle engineering. (General Motors) (NEW YORK) — Dom Lester has a long and enviable list of accomplishments at General Motors, where’s he worked for the last 25 years. As the company’s chief engineer for performance variants, parts and motorsports engineering, he is responsible for the …

Read More »

Delta offering special flight to view total solar eclipse along the path of totality in April

A Delta Air plane takes off from Sydney Airport on Jan. 20, 2024 in Sydney, Australia. (Jenny Evans/Getty Images) (NEW YORK) — North America will experience its last total solar eclipse for 20 years in April, and now some skywatchers will have a front-row view. Delta Airlines announced its chartering a flight from Austin, Texas, to Detroit on April 8 …

Read More »

Dunkin’ launches six new menu items for spring, here’s a sneak peek

Dunkin’ (NEW YORK) — Dunkin’ is spicing up its spring menu with six new seasonal items rolling out nationwide on Wednesday, including an energy-boosting iced beverage innovation. The coffee chain that recently made headlines for its Super Bowl commercial starring Ben Affleck and J. Lo announced the lineup of new products, plus a special promo for Leap Day. New spring …

Read More »

More student loan borrowers to receive debt relief beginning Wednesday

jayk7/Getty Images (WASHINGTON) — The Biden administration will begin automatically relieving student debt for another 153,000 people on Wednesday, bringing the total number of Americans approved for debt relief to nearly 3.9 million. President Joe Biden will tout the new debt relief in a speech from Los Angeles, and thousands of people will receive an email from the president informing …

Read More »

What a possible Capital One and Discover merger means for consumers

Angus Mordant/Bloomberg via Getty Images (NEW YORK) — Capital One’s decision to acquire Discover could establish a new megafirm that shakes up the credit card industry. The move may hold long-term implications for credit card holders, regardless of whether they bank with Capital One or shop with Discover, experts told ABC News. If approved by shareholders and regulators, the merger …

Read More »