Business News
Mercedes-Benz workers in Alabama vote against joining UAW, a blow to union’s expansion in the South
(TUSCALOOSA, Ala.) -- Thousands of Mercedes-Benz workers in Alabama voted against joining the United Auto Workers (UAW) on Friday, delivering a significant defeat for the union one month after it prevailed at a Volkswagen facility in nearby Tennessee.Workers at a Mercedes-Benz plant near Tuscaloosa, Alabama cast ballots against joining the…
Dow Jones Industrial Average hits 40,000 for the 1st time
(NEW YORK) -- The Dow Jones Industrial Average crossed 40,000 for the first time in history on Thursday.This is a significant and symbolic milestone for the index that tracks 30 of the most valuable publicly traded companies in the U.S.The Dow is now up about 6% so far this year.The…
New inflation data could signal cheaper grocery prices, more discounts, expert says
(NEW YORK) -- As Americans continue to experience sticker shock with volatile food costs, a slight ease of inflation last month could provide relief for consumers' wallets -- particularly at the grocery store.Food prices rose at a much slower pace than overall inflation since the same time last month, the…
Walgreens announces it will sell generic version of over-the-counter Narcan
(NEW YORK) -- Walgreens Boots Alliance announced Wednesday that it plans to sell its own generic version of the overdose reversal drug Narcan.Narcan is given as a nasal spray and the active ingredient in the medication -- naloxone -- can quickly restore breathing if someone is experiencing an opioid overdose…
Red Lobster closes multiple locations as company prepares to file for bankruptcy
(NEW YORK) -- Red Lobster has abruptly closed at least 99 locations across the country with restaurants shutting their doors in at least 27 states.Tagex Brands, a company that handles restaurant liquidation auctions, told ABC News that Red Lobster recently contacted them to auction off items from 52 locations that…
Inflation cooled slightly in April, ending monthslong surge in prices
(WASHINGTON) -- Consumer prices rose 3.4% in April compared to a year ago, slowing slightly from the previous month and offering a welcome sign for the Federal Reserve in its yearslong inflation fight. The fresh data matched economists' expectations.After falling dramatically over the course of last year, inflation had accelerated…
Mercedes-Benz workers in Alabama are voting to join the UAW. Here’s what’s at stake for workers nationwide.
(NEW YORK) -- Thousands of Mercedes-Benz workers in Alabama are voting on a union this week, marking a major test for the United Auto Workers just one month after a watershed victory in nearby Tennessee.The UAW faces a more difficult contest this time around because Mercedes-Benz has carried out an…
Cream cheese recalled over salmonella concerns sold at Aldi, Hy-Vee
(NEW YORK) -- Aldi and Hy-Vee shoppers, check your refrigerator for cream cheese products that have been recalled due to possible salmonella contamination.Details of Aldi, Schreiber Foods, and Hy-Vee cream cheese recalls"In cooperation with Schreiber Foods, Inc., and out of an abundance of caution, ALDI Inc., recalls its Happy Farms…
‘It’s a real thing’: Drivers and passengers report motion sickness in EVs
(NEW YORK) -- An oft-touted advantage of owning an electric vehicle is one-pedal driving, when drivers can slow down a vehicle simply by lifting off the throttle.But as more Americans swap their gas-powered cars and trucks for an EV, some are also realizing there are drawbacks to the one-pedal lifestyle."It…
OpenAI announces new version of AI language model that fuels ChatGPT
(NEW YORK) -- OpenAI announced a desktop version of its conversation bot ChatGPT on Monday as well as the latest iteration of the AI language model that fuels the chatbot.The fresh model offers improved speed and interactive capability when compared with the company's previous model GPT-4, OpenAI Chief Technology Mira…