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Business News

FCC to provide $50 subsidies on broadband internet for low-income households

ilbusca/iStockBy CATHERINE THORBECKE, ABC News

(WASHINGTON) -- The Federal Communications Commission greenlit a program to provide low-income households monthly $50 subsidies for broadband internet in a move to help bridge the digital divide nearly a year after the coronavirus   ... Read More


Trailblazing beauty inventions and innovations made possible by people of color

Courtesy of The Brown Beauty Co-OpBy JACQUELINE LAUREAN YATES, ABC News(NEW YORK) -- As we close out Black History Month, it's paramount to highlight and celebrate significant contributions made by African Americans across all categories.

One area that   ... Read More


Zoom to provide automatic closed captioning for all free accounts

alexsl/iStockBy CATHERINE THORBECKE, ABC News(NEW YORK) -- Zoom said it will start providing live transcription services for free accounts in a bid to boost accessibility.

Jen Hill, the company's product marketing manager, made the announcement in a blog   ... Read More


Iconic Potato Head toy officially goes gender-neutral for inclusive rebranding

HasbroBy KELLY MCCARTHY, GMA

(NEW YORK) -- The plastic spud formerly known as Mr. Potato Head is going gender-neutral in a reintroduction.

Hasbro announced Thursday that the company is officially dropping the "Mr." from the Mr. Potato Head brand   ... Read More


GameStop stock surges again weeks after high-profile rally

RiverNorthPhotography/iStockBy CATHERINE THORBECKE, ABC News

(NEW YORK) -- GameStop shares surged nearly 40% early Thursday, after doubling in price on Wednesday, in a new rally that once again has many market watchers scratching their heads.

The new spike in   ... Read More


Victoria’s Secret plans to close up to 50 more stores this year

kokkai/iStockBy JACQUELINE LAUREAN YATES, ABC News

(NEW YORK) -- Victoria's Secret is planning to close up to 50 stores in the U.S. and Canada this year.

The news comes as the lingerie giant saw a continuing plummet in sales   ... Read More


Becca Cosmetics is going out of business after 20 years

FluxFactory/iStockBy JACQUELINE LAUREN YATES, ABC News

(NEW YORK) -- Beauty brand Becca Cosmetics is going out of business.

The global cosmetics company announced on Wednesday it is closing in September after facing an accumulation of challenges as well as   ... Read More


College dropout donates $20 million to the historically Black university he couldn’t afford 60 years ago

kickstand/iStockBy MORGAN WINSOR, ABC News

(BALTIMORE) -- Nearly 60 years ago, Calvin Tyler was forced to drop out of college in his hometown of Baltimore because he couldn't afford tuition. Now he and his wife, Tina, have pledged $20   ... Read More


USPS unveils new mail truck

USPSBy MICHAEL DOBUSKI, ABC News

(NEW YORK) -- For the first time in 35 years, United States Postal Service workers are getting a new set of wheels.

This week the USPS pulled the wraps off the Next Generation Delivery   ... Read More


A third stimulus check could be coming. Here’s what Americans did with the others

LPETTET/iStockBy ELIZABETH SCHULZE, ABC News(NEW YORK) -- For millions of Americans like 27-year-old Edvonte Copeland, stimulus checks from the federal government have provided a financial lifeline.

A special education assistant and assistant athletic director at a high school   ... Read More


Disney California Adventure Park details ‘A Touch of Disney’ experience opening March 18

P_Wei/iStockBy CARSON BLACKWELDER, ABC News

(ANAHEIM, Calif.) -- Disneyland Resort announced more details for "A Touch of Disney," a limited-capacity ticketed experience opening at Disney California Adventure Park on March 18, one year after the park shut down due   ... Read More


GameStop’s chief financial officer steps down after stock market saga

Melissa Kopka/iStockBy CATHERINE THORBECKE, ABC News

(NEW YORK) -- GameStop, the video game retailer that found itself at the center of an unprecedented stock market extravaganza, announced its chief financial officer will be stepping down next month.

The company   ... Read More


Nearly 40,000 Macs infected by mysterious malware, researchers say

abalcazar/iStockBy CATHERINE THORBECKE, ABC News(NEW YORK) -- Mysterious malware -- that has not yet engaged in malicious activity -- has infected nearly 40,000 Mac devices, according to the cybersecurity firm Red Canary, which first detected the threat.

The   ... Read More


Bumble CEO becomes female billionaire, takes company public with son on her hip

Michael Nagle/Bloomberg via Getty ImagesBy KATIE KINDELAN, ABC News(NEW YORK) -- Whitney Wolfe Herd, the CEO of female-focused dating app Bumble, made history Thursday and she did it with her young son at her side.

Wolfe Herd, 31, became   ... Read More


FCC to provide $50 subsidies on broadband internet for low-income households

ilbusca/iStockBy CATHERINE THORBECKE, ABC News

(WASHINGTON) -- The Federal Communications Commission greenlit a program to provide low-income households monthly $50 subsidies for broadband internet in a move to help bridge the digital divide nearly a year after the coronavirus   ... Read More


Trailblazing beauty inventions and innovations made possible by people of color

Courtesy of The Brown Beauty Co-OpBy JACQUELINE LAUREAN YATES, ABC News(NEW YORK) -- As we close out Black History Month, it's paramount to highlight and celebrate significant contributions made by African Americans across all categories.

One area that   ... Read More


Zoom to provide automatic closed captioning for all free accounts

alexsl/iStockBy CATHERINE THORBECKE, ABC News(NEW YORK) -- Zoom said it will start providing live transcription services for free accounts in a bid to boost accessibility.

Jen Hill, the company's product marketing manager, made the announcement in a blog   ... Read More


Iconic Potato Head toy officially goes gender-neutral for inclusive rebranding

HasbroBy KELLY MCCARTHY, GMA

(NEW YORK) -- The plastic spud formerly known as Mr. Potato Head is going gender-neutral in a reintroduction.

Hasbro announced Thursday that the company is officially dropping the "Mr." from the Mr. Potato Head brand   ... Read More


GameStop stock surges again weeks after high-profile rally

RiverNorthPhotography/iStockBy CATHERINE THORBECKE, ABC News

(NEW YORK) -- GameStop shares surged nearly 40% early Thursday, after doubling in price on Wednesday, in a new rally that once again has many market watchers scratching their heads.

The new spike in   ... Read More


Victoria’s Secret plans to close up to 50 more stores this year

kokkai/iStockBy JACQUELINE LAUREAN YATES, ABC News

(NEW YORK) -- Victoria's Secret is planning to close up to 50 stores in the U.S. and Canada this year.

The news comes as the lingerie giant saw a continuing plummet in sales   ... Read More


Becca Cosmetics is going out of business after 20 years

FluxFactory/iStockBy JACQUELINE LAUREN YATES, ABC News

(NEW YORK) -- Beauty brand Becca Cosmetics is going out of business.

The global cosmetics company announced on Wednesday it is closing in September after facing an accumulation of challenges as well as   ... Read More


College dropout donates $20 million to the historically Black university he couldn’t afford 60 years ago

kickstand/iStockBy MORGAN WINSOR, ABC News

(BALTIMORE) -- Nearly 60 years ago, Calvin Tyler was forced to drop out of college in his hometown of Baltimore because he couldn't afford tuition. Now he and his wife, Tina, have pledged $20   ... Read More


USPS unveils new mail truck

USPSBy MICHAEL DOBUSKI, ABC News

(NEW YORK) -- For the first time in 35 years, United States Postal Service workers are getting a new set of wheels.

This week the USPS pulled the wraps off the Next Generation Delivery   ... Read More


A third stimulus check could be coming. Here’s what Americans did with the others

LPETTET/iStockBy ELIZABETH SCHULZE, ABC News(NEW YORK) -- For millions of Americans like 27-year-old Edvonte Copeland, stimulus checks from the federal government have provided a financial lifeline.

A special education assistant and assistant athletic director at a high school   ... Read More


Disney California Adventure Park details ‘A Touch of Disney’ experience opening March 18

P_Wei/iStockBy CARSON BLACKWELDER, ABC News

(ANAHEIM, Calif.) -- Disneyland Resort announced more details for "A Touch of Disney," a limited-capacity ticketed experience opening at Disney California Adventure Park on March 18, one year after the park shut down due   ... Read More


GameStop’s chief financial officer steps down after stock market saga

Melissa Kopka/iStockBy CATHERINE THORBECKE, ABC News

(NEW YORK) -- GameStop, the video game retailer that found itself at the center of an unprecedented stock market extravaganza, announced its chief financial officer will be stepping down next month.

The company   ... Read More


Nearly 40,000 Macs infected by mysterious malware, researchers say

abalcazar/iStockBy CATHERINE THORBECKE, ABC News(NEW YORK) -- Mysterious malware -- that has not yet engaged in malicious activity -- has infected nearly 40,000 Mac devices, according to the cybersecurity firm Red Canary, which first detected the threat.

The   ... Read More


Bumble CEO becomes female billionaire, takes company public with son on her hip

Michael Nagle/Bloomberg via Getty ImagesBy KATIE KINDELAN, ABC News(NEW YORK) -- Whitney Wolfe Herd, the CEO of female-focused dating app Bumble, made history Thursday and she did it with her young son at her side.

Wolfe Herd, 31, became   ... Read More


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