Business News

October 07, 2020 - 10:58 am
By CATHERINE THORBECKE, ABC News (NEW YORK) -- The wealth of the world's billionaires soared to a record new high of $10.2 trillion at the end of July as the coronavirus pandemic raged, according to a new report published Wednesday from Swiss bank UBS and the global firm PwC. This level of...
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October 07, 2020 - 9:57 am
By: ERIC MOLLO, ABC News (NEW YORK) -- With much of our lives moving online amid the pandemic, both our personal data and our institutions have become more susceptible to cyber-attacks. Recently, computer systems at Universal Health Services, one of the nation's largest hospital chains, were taken...
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FILE - In this April 1, 2020 file photo, several dozen mothballed Delta Air Lines jets are parked at Kansas City International Airport in Kansas City, Mo. Shares in major U.S. airlines were poised for gains Wednesday, Oct. 7, after President Donald Trump tweeted his support for a $25 billion relief package for the struggling industry and prodded Congress to take action. Airline stocks rose anywhere from 1% to 5% in premarket trading.(AP Photo/Charlie Riedel, File)
October 07, 2020 - 9:45 am
SILVER SPRING, Md. (AP) — Shares in major U.S. airlines were poised for gains Wednesday after President Donald Trump tweeted his support for relief package for the struggling industry and prodded Congress to take action. “The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for...
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October 07, 2020 - 9:09 am
By KATIE KINDELAN, ABC News (NEW YORK) -- Every morning since March, throughout the global coronavirus pandemic, Monique Nash, a preschool teacher in Mississippi, has woken up around 4:30 a.m. With her husband already on his way to work, Nash, 29, gets herself and two daughters ready to leave the...
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October 07, 2020 - 6:58 am
By MINA KAJI and AMANDA MAILE, ABC News (WASHINGTON) -- In a late night tweet Tuesday, President Donald Trump urged Congress to approve an extension of the Payroll Support Program (PSP) for major U.S. airlines that have furloughed tens of thousands of workers amid the coronavirus pandemic. Just...
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October 07, 2020 - 5:41 am
By CATHERINE THORBECKE, ABC News (NEW YORK) -- Facebook announced Tuesday it was removing any accounts "representing" QAnon across all of its platforms in a major, more-proactive step to stop the spread of the baseless conspiracy theory online. "Starting today, we will remove any Facebook Pages,...
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October 06, 2020 - 6:46 pm
By AMANDA MAILE and MINA KAJI, ABC News President Donald Trump's decision to end negotiations on a second round of coronavirus relief is a crushing blow to an aviation industry that has been pleading for more aid to save tens of thousands of jobs. Over 30,000 airline workers were furloughed last...
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October 06, 2020 - 3:20 pm
BY: MIKE DOBUSKI, ABC News (NEW YORK) -- Today marks ten years since the founding of Instagram, the hugely popular social media app that boasts more than a billion users. Sarah Frier is the author of "No Filter: The Inside Story of Instagram." She says Instagram's growth over the last decade,...
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October 06, 2020 - 11:49 am
By CATHERINE THORBECKE, ABC News (NEW YORK) -- A chorus of voices on social media are accusing Twitter of having a double standard after the platform reiterated it would remove abusive posts including those wishing death upon President Donald Trump following his COVID-19 diagnosis. While Twitter...
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Andrei Stanescu/iStock
October 06, 2020 - 10:10 am
By JACQUELINE LAUREAN YATES, ABC News (NEW YORK) -- Target is already gearing up for a huge sale season this month ahead of what is predicted to be a busy holiday season. The mass retailer announced its annual Target Deal Days shopping event will return on Oct. 13 to14 -- the same days as Amazon...
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