Business

Tony Anderson/Getty Images (NEW YORK) — The U.S. Postal Service will increase stamp prices starting Sunday, a USPS representative confirmed to “Good Morning America.” The cost of first-class stamps will rise from 66 cents to 68 cents for letters weighing one ounce or less. Package shipping costs will also increase by nearly six percent, with […]

(NEW YORK) — U.S. credit card debt has soared over the last couple of years and recently it reached a major milestone. Americans’ combined credit card balances topped $1 trillion dollars last year, according to the Federal Reserve Bank of New York. By comparison, combined credit card balances were $680 billion a decade ago, according […]

(NEW YORK) — Big Tech companies laid off hundreds of employees in recent days, commanding headlines and confronting workers across the economy with a question: Am I next? Amazon and Google each imposed cuts, with Apple shutting down a 121-person team in San Diego, Calif., telling workers they must either transfer to Texas or leave […]

(NEW YORK) — U.S. economic activity changed little in recent weeks as hiring stalled, prices grew modestly and the private sector feared uncertainty tied to the 2024 election, a Federal Reserve report released on Wednesday showed. A rosy outlook nevertheless pervaded the findings, since industry officials anticipated interest rate cuts this year, the report said. […]

(NEW YORK) — Tens of millions of Americans who overdraft on their bank accounts each year may soon enjoy major relief. The government agency in charge of protecting consumers’ finances introduced a new rule to rein in overdraft fees charged by banks. Americans paid a total of nearly $300 billion in overdraft fees over the […]

(NEW YORK) — Several major retailers are re-evaluating self-checkout for customers after analysts have seen inventory loss. “Retailers are really starting to use technology in order to look at the shrink problem,” Hitha Herzog, chief research officer of H Squared Research, told ABC News’ Good Morning America. “The technology that is powering self-checkout is also […]

(NEW YORK) — Electric vehicle charging stations could spring up at gas stations and grocery stores throughout Wisconsin, after the state Senate passed a proposed bill on Tuesday. The bill, which passed by a 30-2 vote, would ease restrictions on businesses that install chargers and impose a tax on electricity sold to electric vehicle owners. […]

(NEW YORK) — Tesla CEO Elon Musk is seeking greater voting control of the electric carmaker, threatening to otherwise pursue major projects such as artificial intelligence outside of the company, he said in a post on X. The Tesla board, Musk said, should grant him 25% voting control, an amount that would nearly double the vote […]

(NEW YORK) — In a dispiriting sign of the times, barely more than a quarter of Americans say the American dream still holds true — about half as many as said so 13 years ago. Defined as “if you work hard you’ll get ahead,” just 27% in a new ABC News/Ipsos poll say the American […]

(NEW YORK) — U.S. airstrikes against Houthi targets in Yemen on Thursday night escalated an ongoing conflict over a shipping route that holds significant implications for oil prices and inflation. The military operation, undertaken in partnership with the United Kingdom, came in response to a monthslong series of attacks carried out by Iran-backed Houthi rebels […]