Business

Catherine McQueen/Getty Images (NEW YORK) — An estimated $1.04 billion jackpot is up for grabs in the next Powerball drawing on Monday night. It’s the fourth-largest purse in the American lottery game’s history and the second-largest this year, according to a press release from Powerball. The grand prize, which has an estimated cash value of […]

(NEW YORK) — The Campbell Soup Company is expanding its presence on grocery store shelves with a new deal to acquire Sovos Brands Inc., the maker of Rao’s pasta sauces and noosa yogurt. At $23 per share, the total enterprise value of the acquisition is approximately $2.7 billion, the companies announced in a joint press […]

(NEW YORK) — While some tech giants neared or imposed widespread layoffs last year, compensation for their CEOs climbed as much as tens of millions of dollars, according to an ABC News analysis of data released by research firm Equilar in May and June. Alphabet CEO Sundar Pichai was awarded compensation worth more than $225 million […]

Mint Images/Getty Images (NEW YORK) — Disgraced crypto executive Sam Bankman-Fried deserves to have his bail revoked and to be detained before he is tried for fraud and conspiracy charges stemming from the collapse of FTX, federal prosecutors in New York said in a new court filing. Prosecutors balked at Bankman-Fried’s sharing with The New […]

(NEW JERSEY)– The lack of available homes on the market is near historic lows, sparking fierce bidding wars in cities across the country – and prompting many buyers to get creative with their offers. In June, 1.08 million homes were for sale nationwide, according to the National Association of Realtors (NAR), down 13.6% from a […]

(NEW YORK) — CVS Health is laying off 5,000 employees as part of an effort to shed costs, the retail and pharmacy chain confirmed on Tuesday. The layoffs will primarily affect “non-customer facing positions” such as corporate roles, the company said, adding that it does not expect the move to impact brick-and-mortar stores, pharmacies and […]

Trader Joe’s (NEW YORK) — Trader Joe’s has issued a voluntary recall of its Unexpected Broccoli Cheddar Soup that was distributed in seven states after a supplier informed the retailer it “may contain insects.” On Thursday, Trader Joe’s announced the recall online to its “valued customers,” after the supplier, Winter Gardens Quality Foods, Inc., first […]

(NEW YORK) — Ravenn Moore, a 43-year-old mom in the Detroit area, said she accumulated tens of thousands of dollars of debt while earning both her bachelor’s and master’s degrees as a first-generation college student. Over the next decade, Moore said the interest on her student loans caused her debt to balloon to over $100,000. […]

(NEW YORK) — The Federal Reserve raised interest rates to a 22-year high this week — a milestone that carries major implications for the finances of everyday people, experts told ABC News. The move escalated an aggressive series of rate hikes that has helped dramatically reduce inflation from a peak last summer. But the historically […]

(NEW YORK) — Anheuser-Busch plans to lay off hundreds of corporate employees, a company spokesperson told ABC News on Thursday. The layoffs come months after a product endorsement from Dylan Mulvaney, a transgender influencer, in April set off a consumer boycott among conservatives that hammered sales. The layoffs will affect “less than 2%” of the […]