Business Headlines
Could avian flu on cattle farms impact dairy prices?
Cavan Images/Getty Images(NEW YORK) -- The law of supply and demand has shown for centuries that when the amount of a good in high demand dwindles, prices change relative to the availability.When it comes to the U.S. food supply chain, environmental health impacts on livestock have prompted such price elasticity, most recently with a wave of highly pathogenic avian influenza (HPAI), commonly known as bird flu and the result is has had on wholesale egg prices."Prices are impacted when there is more demand and less supply for the product. In the instance of egg prices, the avian flu which has been detected in birds since 2022 has impacted around 80 million birds across the country," retail analyst Hitha Herzog told ... Read MoreMyPillow facing eviction from warehouse, but election denier Mike Lindell says company is in ‘great shape’
Education Images/Getty Images(NEW YORK) -- Election denier Mike Lindell's company MyPillow is facing a court-ordered eviction from a warehouse in Minnesota amid his ongoing legal battles related to his claims about the 2020 election and voting machines, Lindell confirmed to ABC News.But Lindell claims the eviction does not stem from financial difficulties, and rather is just a formality related to a mutual agreement between himself and the owner of the warehouse to vacate the property, which he says has not been used by MyPillow since the spring of 2023.Lindell said MyPillow had subleased the space to a candy company last year and was planning on subleasing it to a sugar beet company this year -- but the sugar beet company ... Read MoreWarby Parker offering free eclipse glasses for total solar eclipse
Via NASA(NEW YORK) -- As North America gears up for the total solar eclipse on April 8, Warby Parker, a New York City-based eyeglass retailer with over 200 stores across the United States and Canada, has announced it will distribute free ISO-certified solar eclipse glasses to ensure safe viewing for spectators.This celestial event marks the last total solar eclipse visible from the contiguous United States until 2044. Those hoping for a glimpse, however, will need to take precautions to avoid injury.Starting April 1, individuals can visit any Warby Parker retail location to receive up to two pairs of solar eclipse glasses at no cost, subject to availability, according to the company. These glasses are ISO-certified and meet the stringent safety ... Read MoreWhy is Trump’s Truth Social stock soaring if the company is losing money?
Jonathan Raa/NurPhoto via Getty Images(NEW YORK) -- Shares of former President Donald Trump’s social media platform Truth Social have soared in its first couple days of public trading.Trump Media & Technology Group, the parent company of Truth Social, climbed 16% on Tuesday, its first day on the market. By afternoon trading on Wednesday, the stock had jumped another 14%.The rally grants Truth Social a valuation of more than $8 billion, even though the company has yet to turn a profit and generates quarterly revenue of barely $1 million.The stock performance also holds significant financial implications for Trump, whose 60% stake in the company could ultimately deliver a multi-billion dollar windfall.Experts who spoke to ABC News said the stock boom stands ... Read MoreMcDonald’s to add Three Krispy Kreme doughnuts to menus nationwide
Joff Lee/Getty Images(NEW YORK) -- Krispy Kreme and McDonald’s are expanding their partnership to put three doughnut flavors on menus at the Golden Arches across the U.S.Following a successful local test at 160 McDonald’s restaurants around Lexington and Louisville, Kentucky, the companies announced Tuesday that a phased market rollout will kick off later this year, with nationwide availability expected by the end of 2026.The melt-in-your-mouth yeast doughnuts will be delivered fresh daily and available individually, or in boxes of six, starting at breakfast and lasting throughout the day, while supplies last.Three of Krispy Kreme’s most popular doughnuts will be on the McDonald’s menu: the iconic Original Glazed Doughnut, the Chocolate Iced with Sprinkles Doughnut, and the Chocolate Iced Kreme Filled ... Read MoreAI influencers explode on social media. Some are controlled by teens
Kathleen Caulderwood/ABC News(NEW YORK) -- Agnes, a bespectacled 20-year-old poet, likes tarot cards and late-night philosophy debates. She has a crush on Finn, a 22-year-old farmer who knits in his free time. Finn's friend Jade, 22, also lives in the countryside, where she forages for mushrooms and bakes bread.Jade, Finn and Agnes are influencers who frequently post selfies and life updates -- but none of them actually exist.They are the creations of 1337, a company that designs and operates artificial intelligence-generated online influencers, sometimes selecting what to post based on advice from real-life teenagers.The firm makes up one upstart in a burgeoning industry that harnesses AI to draw eyeballs and drive revenue in the lucrative business of social media. By ... Read MoreTrump media company, parent of Truth Social, begins trading on Nasdaq
ABC NewsFor approximately $70, you can now own a share of the company behind former President Donald Trump's Truth Social platform.Trading in Trump Media & Technology Group -- which uses the ticker symbol DJT -- began on the Nasdaq Tuesday morning after last week's vote for a merger between Trump Media and special purpose acquisition company Digital World Acquisition Corporation.The company's market capitalization is approximately $2.7 billion.Trump himself owns 58 percent of the shares in the company, placing his stake at more than $5 billion based on early trading Tuesday."Truth Social is doing very well. It's hot as a pistol and doing great," Trump told reporters in New York on Monday.Trump can't sell or leverage his stake in the company ... Read MoreChick-fil-A backtracks on no-antibiotics in chicken amid projected supply shortages
Jakub Porzycki/NurPhoto via Getty Images(NEW YORK) -- Chick-fil-A is updating its commitment to customers about the quality and standards of its staple ingredient -- chicken.The fast food chain announced on its website that while "serving quality food has always been our priority," effective this spring, the restaurant will "shift from No Antibiotics Ever (NAE) to No Antibiotics Important To Human Medicine (NAIHM)."The key distinction between NAE and NAIHM, as outlined by Chick-fil-A, is that the first "means no antibiotics of any kind were used in raising the animal," while "NAIHM restricts the use of those antibiotics that are important to human medicine and commonly used to treat people, and allows use of animal antibiotics only if the animal and those ... Read MoreBoeing CEO Dave Calhoun to step down
ABC NewsBoeing CEO Dave Calhoun will step down at the end of the year, the company said in an announcement Monday.The move comes amid fallout from a high-profile safety failure onboard an Alaska Airlines flight in January, when a door plug blew out of Boeing's 737 Max 9 aircraft while the plane was in flight.In a statement on Monday, Calhoun acknowledged the challenges facing Boeing."The eyes of the world are on us, and I know that we will come through this moment a better company," Calhoun said. "We will remain squarely focused on completing the work we have done together to return our company to stability after the extraordinary challenges of the past five years, with safety and quality at ... Read MoreAI influencers explode on social media. Some are controlled by teens
Karl Tapales/Getty Images(NEW YORK) -- Agnes, a bespectacled 20-year-old poet, likes tarot cards and late-night philosophy debates. She has a crush on Finn, a 22-year-old farmer who knits in his free time. Finn's friend Jade, 22, also lives in the countryside, where she forages for mushrooms and bakes bread.Jade, Finn and Agnes are influencers who frequently post selfies and life updates -- but none of them actually exist.They are the creations of 1337, a company that designs and operates artificial intelligence-generated online avatars, sometimes selecting what to post based on advice from real-life teenagers.The firm makes up one upstart in a burgeoning industry that harnesses AI to draw eyeballs and drive revenue in the lucrative business of social media. By ... Read MoreNearly half a million Starbucks-branded mugs recalled due to potential burn, laceration hazards
The U.S. Consumer Product Safety Commission(NEW YORK) -- For anyone who purchased a shimmery metallic mug with Starbucks branding over the holiday season, it's time to take stock of what's in your cupboard and immediately stop using any recalled items.The U.S. Consumer Product Safety Commission announced Thursday that four types of ceramic mugs with metallic coating sold in 2023 Starbucks Holiday gift sets have been recalled due to reports of the vessel overheating or breaking, which could continue to result in injury.NestlĂ© USA has owned the rights to sell Starbucks coffee and tea products in grocery and retail stores, outside of Starbucks coffee shops, since August 2018.In a separate press release, NestlĂ© USA said "the company took immediate corrective action" ... Read MoreIt’s 38% more expensive to buy a house than rent in US, analysis finds
Thomas Northcut/Getty Images(NEW YORK) -- Buying a house in the United States is considerably more expensive than renting right now, and the real estate market is expected to stay that way for at least the next five years, according to a new analysis.The analysis out Thursday from CBRE, a firm that tracks real estate prices, shows the average monthly payment on a new apartment lease in the U.S. is $2,165. The average monthly payment on a mortgage for a new home is $2,997, meaning it costs households, on average, 38% more to buy than to rent, according to the analysis.Notably, the gap between buying and renting will continue to be a big hurdle for aspiring homeowners for at least five ... Read MoreApple sued by Biden administration in landmark case over iPhone monopoly
ABC News(NEW YORK) -- The Biden administration sued Apple on Thursday, alleging the tech giant created a monopoly in the smartphone market by blocking competitors from accessing hardware and software features of the iPhone.The lawsuit, filed by the Department of Justice in federal court in New Jersey, is the latest in a series of efforts by the Biden administration to rein in what it argues is unlawful anticompetitive behavior by some of the nation’s largest tech companies. Sixteen state and district attorneys general joined the DOJ in bringing the case."We allege that Apple has maintained monopoly power in the smartphone market, not simply by staying ahead of the competition on the merits, but by violating federal antitrust law," Attorney General ... Read MoreMeet your new virtual assistant: The AI in your car
The MBUX virtual assistant "is the most human-like interface with a Mercedes-Benz yet," according to the company, an d advanced 3D graphics make interactions with the driver more natural, intuitive and personalized. (Mercedes-Benz)(NEW YORK) -- The artificially intelligent computer KITT from Knight Rider could do it all -- drive solo, speak to humans, land quips and fight crime. It was sentient, funny and self-aware. KITT was a futuristic -- but fictional -- TV character that had Americans in awe.There are no KITTS in real life yet. There are, however, vehicles that can independently change lanes and maneuver in traffic. Some automakers are pushing the limits even more -- evolving conveyances into personal assistants that can keep tabs on our daily ... Read MoreSenate mulls TikTok ban amid US national security concerns
The TikTok logo on a smartphone arranged in New York, March 9, 2023. (Gabby Jones/Bloomberg via Getty Images)(WASHINGTON) -- Senators from both sides of the aisle warned Wednesday that TikTok endangers millions of users in the United States -- as Congress continues to weigh how to protect U.S. national security amid growing concern that the Chinese social media platform is a propaganda tool that could have a lasting impact on the coming U.S. election."TikTok is a gun aimed at Americans' heads," Sen. Richard Blumenthal, D-Conn., warned following a classified briefing in the Capitol. "The Chinese communists are weaponizing information that they are constantly surreptitiously collecting from 170 million Americans and potentially aiming that information using it through algorithms at the ... Read MoreTop of page