Business News

Social Security is running out of money, with benefits on track to be reduced by 2035

Social Security is running out of money, with benefits on track to be reduced by 2035

BackyardProduction/iStock(WASHINGTON) — The nation’s Social Security program is running out of money with benefits on track to be reduced by around 2035 unless Congress steps in, according to a report released Monday by the Trump administration.The prediction is somewhat better than last year’s annual assessment delivered to Congress, when the government predicted a reduction of…

How to practice food sustainability and cut waste on Earth Day

How to practice food sustainability and cut waste on Earth Day

James Beard Foundation(NEW YORK) — Attention foodies, home cooks and eaters: Chefs have long practiced incredibly smart ways to fight food waste, and you can implement their top tips, recipes and other ways to practice a sustainable relationship with food in your own kitchen. For Earth Day ABC News’ Good Morning America spoke to leaders…

Happy Earth Day: How to dress up more sustainably, now and forever

Happy Earth Day: How to dress up more sustainably, now and forever

thredUp(NEW YORK) — We live in a world where “fast fashion” is supreme and retailers are creating clothing at the drop of a dime. But is it time to slow down?Multiple reports suggest that in addition to oil, fashion is the next largest industry to pollute the world. However, that might change as awareness of…

Walt Disney World goes green(er) with solar farm larger than Magic Kingdom

Walt Disney World goes green(er) with solar farm larger than Magic Kingdom

Orgis Energy via Walt Disney World(ORLANDO) — Disney just got a whole lot greener!Walt Disney World has unveiled its newest and largest solar farm. At 270 acres, the site is almost twice the size of the entire Magic Kingdom.”Here at Disney, every day is Earth Day,” Angie Renner, Environmental Integration Director of Disney Parks told…

Nantucket’s 2 grocery stores caught in the crosshairs of the Stop & Shop strike

Nantucket’s 2 grocery stores caught in the crosshairs of the Stop & Shop strike

Courtesy Patty Keneally(NANTUCKET, Mass.) — Mary Walsh has been working on Nantucket for 40 years, so she’s used to the seasonal nature of the Massachusetts island’s business patterns. But it’s different now.The island that prides itself on being 30 miles out to sea, off the coast of Cape Cod, now finds itself stuck in a…

DNA testing service Ancestry pulls ad said to romanticize slavery

DNA testing service Ancestry pulls ad said to romanticize slavery

(NEW YORK) —  DNA testing service Ancestry is pulling an ad after an online backlash accusing it of whitewashing history and rape.The ad, which is called, “Inseparable,” shows an enslaved woman named Abigail running hand-in-hand with what would appear to be her white love interest.”Abigail,” the man says as he pulls her toward him and…

Hudson Media buys “National Enquirer” for $100 million

Hudson Media buys “National Enquirer” for $100 million

Lawrey/iStock(NEW YORK) — In the wake of scandals surrounded by President Donald Trump and Amazon CEO Jeff Bezos, the National Enquirer has been sold off by American Media Inc.Both the U.S. and U.K. versions of the National Enquirer, known for its often-salacious tabloid fare, as well as the Globe and National Examiner, were purchased by…

Facebook collected email contacts from 1.5M users without their knowledge

Facebook collected email contacts from 1.5M users without their knowledge

Facebook(MENLO PARK, Calif.) — Facebook admitted on Thursday that it had uploaded the email contacts of 1.5 million users without their knowledge or consent, in the latest revelation about user data compromised by the social media giant.The company also admitted that it stored the passwords of millions of Instagram users in unencrypted plain text that…

21 charged after dozens of Mercedes stolen from car-sharing service

21 charged after dozens of Mercedes stolen from car-sharing service

Roberto Galan/iStock(CHICAGO) — Twenty-one people face charges after dozens of vehicles were stolen from car-sharing company car2go’s fleet in Chicago. The company on Wednesday found a total of 100 cars unaccounted for, 50 of which were Mercedes-Benz vehicles, officials with the Chicago Police Department said in a statement. The cars may have been rented by…

Boeing says it will take $1 billion hit on grounding of the 737 Max jet

Boeing says it will take $1 billion hit on grounding of the 737 Max jet

Wolterk/iStock(NEW YORK) — Boeing announced Wednesday that it was taking an initial $1 billion hit on the grounding of the 737 Max jet following two fatal plane crashes in five months.The company also abandoned its previous full-year financial outlook as it grapples with the aftermath of the 737 Max fallout and works to implement software…

Class-action lawsuit filed over popular baby sleeper

Class-action lawsuit filed over popular baby sleeper

iStock(NEW YORK) — The latest rumble in the fallout over the Rock N’ Play baby sleeper comes in the form of a class action lawsuit.The suit was filed by one named mother, Cassandra Mulvey, on behalf of herself and others, against Fisher Price and Mattel, who the suit claims marketed the product as safe for…

Criminal charges filed against drug executive for opioids

Criminal charges filed against drug executive for opioids

iStock/sdominick(NEW YORK) — Federal prosecutors charged drug distributor Rochester Drug Cooperative and its former CEO with drug trafficking charges Tuesday — the first criminal charges for a pharmaceutical company and executives in the nation’s ongoing opioid crisis. The charges signify a groundbreaking move by the government to try to combat the opioid epidemic, which kills…

Samsung delays launch of $2,000 folding phone after problems with review units

Samsung delays launch of $2,000 folding phone after problems with review units

holgs/iStock(NEW YORK) — Samsung is delaying the rollout of its $2,000 foldable phones after several tech reviewers reported that their review units became damaged within a day or two of using them.The Galaxy Fold, which was originally slated to start shipping to consumers on April 26. A new ship date was not specified, but the…