ABC Business News

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November 28, 2020 - 1:57 pm
BY: ZUNAIRA ZAKI, ABC NEWS (NEW YORK) — Black Friday hit a new record with consumers spending $9.0 billion, an increase of 21.6% year over year (online sales hit $7.4 billion on Black Friday in 2019), according to Adobe Analytics data. It was the second-largest online spending day in U.S. history,...
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November 27, 2020 - 7:01 am
By JACQUELINE LAUREAN YATES, ABC News (NEW YORK) -- Black Friday 2020 is upon us, and several retailers have already started rolling out huge deals and steals. Big box retailers such as Walmart and Target started releasing deep discounts on products earlier this month, and many other stores are...
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November 26, 2020 - 8:19 am
By KELLY MCCARTHY, ABC News (NEW YORK) -- During the holiday season, people typically look to schools, churches, grocery stores and other community events to donate food to those in need. But ahead of Thanksgiving, food banks are swamped with increased demand due to the continued fallout from the...
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November 25, 2020 - 10:52 am
By MORGAN WINSOR, IVAN PEREIRA and MEREDITH DELISO, ABC News (NEW YORK) -- Some 778,000 workers lost their jobs and filed for unemployment insurance last week, the Department of Labor said Wednesday. This is an uptick of 30,000 compared to the previous week, and the second consecutive week that the...
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November 25, 2020 - 10:15 am
By THE GMA TEAM, ABC News (NEW YORK) -- Nearly one million Crock-Pot Multi-Cookers are being recalled due to a potential burn hazard, according to the U.S. Consumer Product Safety Commission (CPSC) . The voluntary recall of Sunbeam Products' Crock-Pot 6-Quart Express Crock Multi-Cookers comes as...
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November 25, 2020 - 6:34 am
By DEVIN DWYER and SARAH HERNDON, ABC News (WASHINGTON) -- In the heart of Washington's big-money lobbying and law firm district, restaurateur Kazi Mannan has been serving up kebabs and curries to the rich and the poor for nearly a decade. "These are my mom's recipes that we use because we named it...
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November 25, 2020 - 5:21 am
By KELLY MCCARTHY, ABC News (NEW YORK) -- You can have the sweet smell of doughnuts and freshly brewed coffee fill your home without any cooking required. Dunkin' teamed up with home fragrance and lifestyle brand Homesick to bring back its limited-edition candles inspired by two of the coffee chain...
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November 24, 2020 - 8:37 am
By AARON KATERSKY, ABC News (NEW YORK) -- Purdue Pharma is expected Tuesday to plead guilty to federal conspiracy and kickback charges and acknowledge that its aggressive marketing of opioids over the last three decades helped propel an addiction crisis that killed hundreds of thousands of...
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November 24, 2020 - 8:16 am
By GIO BENITEZ, SAM SWEENEY and MINA KAJI, ABC News (NEW YORK) -- Millions are already traveling for Thanksgiving, despite pleas from the Centers for Disease Control and Prevention to spend the holiday at home as the number of COVID-19 cases continues to rise. Over the weekend, more than three...
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November 24, 2020 - 8:14 am
By JACQUELINE LAUREAN YATES, ABC News (NEW YORK) -- This year's charge toward social justice has brought about change for the better, and one upside has been the elevated support for Black-owned businesses. Many Black-owned businesses have been hit particularly hard by the COVID-19 pandemic and...
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