Business

(NEW YORK) — Less than a year out from the next presidential election, former President Donald Trump and some Republican allies continue to falsely deny the results of the previous one. Three in 10 adults believe that President Joe Biden only won the 2020 contest because of election fraud, a Monmouth poll in June found. […]

Justin Sullivan/Getty Images (NEW YORK) — Sam Altman is stepping down from his role as CEO of OpenAI, the company announced on Friday. The departure follows a review process undertaken by the company’s board of directors, OpenAI said. This is a developing story. Please check back for updates. Copyright © 2023, ABC Audio. All rights […]

(NEW YORK) — Members of the United Auto Workers voted to ratify a contract with General Motors, making it the first of the Big 3 U.S. carmakers to formally conclude a weekslong labor dispute that brought tens of thousands of autoworkers to picket lines and risked major economic disruption, balloting results posted online by the […]

(NEW YORK) — When Harry and Jen Appel lost their home in Big Pine Key, Florida, to Hurricane Irma in 2017, they thought their insurance policies would cover the cost to repair and they’d rebuild in the same location. The couple showed ABC News’ meteorologist Rob Marciano the spot where their home used to be, […]

(NEW YORK) — Thousands of Starbucks employees nationwide are set to walk off the job on Thursday in the largest work stoppage in the five-decade history of the company, the union representing the workers said in a statement to ABC News. Employees at hundreds of unionized stores will call on Starbucks to bargain labor contracts […]

(NEW YORK) — Delivering on long-awaited improvements, the Department of Education will soon release a streamlined version of its widely used college financial aid form, known as the FAFSA, to less than 20 questions that could take some people just 10 minutes to fill out, officials told ABC News. The new Free Application for Federal […]

(NEW YORK) — Chris Josephs wakes up each morning, opens his laptop, and combs through last night’s stock trades. Josephs, who lives in Santa Monica, California, is not keeping an eye on his own portfolio. Instead, the 20-something tech entrepreneur has spent years intensely following the stocks that are bought and sold by people on […]

CPSC (NEW YORK) — Fisher-Price is recalling about 21,000 units of some of their popular Thomas & Friends toys. Parents and customers are being advised to stop using Thomas & Friends Wooden Railway Troublesome Truck & Crates and Thomas & Friends Wooden Railway Troublesome Truck & Paint toys because a small magnet encased in a […]

(NEW YORK) — The U.S. Consumer Product Safety Commission has announced a recall of more than 60,000 biometric gun safes because of a programming feature that “can allow unauthorized access to the safes.” At least one person has died, according to the CPSC. The CPSC said there have been 39 incidents of consumers reporting that […]

(NEW YORK) — The 30-year fixed mortgage rate this week climbed to 8%, reaching that level for the first time since 2000, according to Mortgage News Daily. The milestone arrives after months of rate increases. As recently as last April, the 30-year fixed mortgage rate stood below 5%, Mortgage News Daily data shows. An aggressive series […]