Business News

With PPP ending, struggling small businesses seek new lifeline

With PPP ending, struggling small businesses seek new lifeline

ABC NewsBY: CHEYENNE HASLETT AND SHANNON K. CRAWFORD, ABC NEWS (WASHINGTON) — When Genevieve Villamora left her house for the first time after battling the novel coronavirus for six weeks, she was struck by how much her neighborhood had changed — “For Rent” signs plastered on storefronts, one block after the next.Villamora is co-owner of…

US adds 1.8 million jobs in July amid coronavirus pandemic

US adds 1.8 million jobs in July amid coronavirus pandemic

Kameleon007/iStockBy ELLA TORRES, ABC News (WASHINGTON) — The U.S. unemployment rate dropped to 10.2% in July, falling slightly below June’s 11.1%, according to the Bureau of Labor Statistics. There were 1.8 million jobs added in the month as the country continues to grapple with the effects of the coronavirus pandemic. While the numbers are better…

Alicia Keys is launching a cruelty-free collection with e.l.f. Beauty

Alicia Keys is launching a cruelty-free collection with e.l.f. Beauty

BET2020/Getty Images for BET NETWORKSBy JACQUELINE LAUREAN YATES, ABC News (NEW YORK) — Alicia Keys is a bonafide beauty in her own right, and now fans will be delighted to hear she’s coming out with a line of beauty products.On Thursday, e.l.f. Beauty announced the company will team up with the award-winning singer-songwriter to create…

Trump signs executive order giving Chinese owner 45 days to sell TikTok

Trump signs executive order giving Chinese owner 45 days to sell TikTok

Anatoliy Sizov/iStockBy MARK OSBORNE and MATTHEW VANN, ABC News(WASHINGTON) — President Donald Trump signed an executive order on Thursday night effectively giving ByteDance, the Chinese company that owns TikTok, 45 days to sell the video sharing app before it’s banned in the country.The deadline, 45 days from Thursday, would be Sept. 20, which is five…

Unemployment filings top one million for 20th straight week

Unemployment filings top one million for 20th straight week

courtneyk/iStockBy CATHERINE THORBECKE, ABC News(WASHINGTON) — For 20 straight weeks, the number of Americans who have lost their jobs and filed for unemployment insurance has topped one million. This unprecedented streak of weekly jobless claims has shattered all historical records. Prior to the coronavirus pandemic, the previous record for weekly unemployment filings was 695,000 in…

Woman weathers career change, upside-down car loan to pay off $133K in debt

Woman weathers career change, upside-down car loan to pay off $133K in debt

ABC Photo Illustration / Photo Courtesy Amanda WilliamsBy JOEL LYONS, ABC News(NEW YORK) — Amanda Williams is the founder and owner of Debt Free in Sunny CA, where she helps guide others to debt-free living by sharing tips and fostering an in-person and online community. She and her husband, Josh, celebrated paying off more than…

Cheetos unveils new mac ‘n’ cheese products

Cheetos unveils new mac ‘n’ cheese products

Cheetos/Frito LayBy KELLY MCCARTHY, ABC News (NEW YORK) — Cheetos fans will have to step out of the snack aisle and stroll down to the pasta section to get a taste of the brand’s new mac ‘n’ cheese products.The cheesy, crunchy snack has been reinvented as another beloved food — macaroni and cheese — although…

CEOs of General Motors, Girl Scouts share how they thrive in male-dominated STEM fields

CEOs of General Motors, Girl Scouts share how they thrive in male-dominated STEM fields

monkeybusinessimages/iStockBy the GMA TEAM, ABC News(NEW YORK) — Know a young girl with an interest in science, technology, engineering and math?Then she’ll want to tune into “Awesome Girls: Engineer Your World,” a “Show and Tell” collaborative discussion with Mary Barra, chairwoman and CEO of General Motors, and Sylvia Acevedo, CEO of Girl Scouts of the…

Businesses embrace technology to evolve in a post-pandemic world

Businesses embrace technology to evolve in a post-pandemic world

Kimbal Musk, CEO and co-founder of The Kitchen Restaurant Group. (ABC News)By TAYLOR DUNN, KATIE MULDOWNEY and HALEY YAMADA, ABC News(NEW YORK) — In a time of social distancing and contactless encounters, businesses are turning to technology to adapt.Kimbal Musk, CEO and co-founder of The Kitchen Restaurant Group, had closed his restaurants for months after…

Clorox says disinfectant wipes shortage may last until 2021

Clorox says disinfectant wipes shortage may last until 2021

4×6/iStockBy ANTHONY KANE, SUZANNE YEO AND ANGELINE JANE BERNABE, ABC News(NEW YORK) — If you walk into stores looking for disinfectant wipes, the likelihood of finding any are slim. And today, Clorox is saying that you might have to wait until next year to get your hands on the coveted cleaning product. In an earnings…

With PPP ending, struggling small businesses seek new lifeline

With PPP ending, struggling small businesses seek new lifeline

ABC NewsBY: CHEYENNE HASLETT AND SHANNON K. CRAWFORD, ABC NEWS (WASHINGTON) — When Genevieve Villamora left her house for the first time after battling the novel coronavirus for six weeks, she was struck by how much her neighborhood had changed — “For Rent” signs plastered on storefronts, one block after the next.Villamora is co-owner of…

US adds 1.8 million jobs in July amid coronavirus pandemic

US adds 1.8 million jobs in July amid coronavirus pandemic

Kameleon007/iStockBy ELLA TORRES, ABC News (WASHINGTON) — The U.S. unemployment rate dropped to 10.2% in July, falling slightly below June’s 11.1%, according to the Bureau of Labor Statistics. There were 1.8 million jobs added in the month as the country continues to grapple with the effects of the coronavirus pandemic. While the numbers are better…

Alicia Keys is launching a cruelty-free collection with e.l.f. Beauty

Alicia Keys is launching a cruelty-free collection with e.l.f. Beauty

BET2020/Getty Images for BET NETWORKSBy JACQUELINE LAUREAN YATES, ABC News (NEW YORK) — Alicia Keys is a bonafide beauty in her own right, and now fans will be delighted to hear she’s coming out with a line of beauty products.On Thursday, e.l.f. Beauty announced the company will team up with the award-winning singer-songwriter to create…

Trump signs executive order giving Chinese owner 45 days to sell TikTok

Trump signs executive order giving Chinese owner 45 days to sell TikTok

Anatoliy Sizov/iStockBy MARK OSBORNE and MATTHEW VANN, ABC News(WASHINGTON) — President Donald Trump signed an executive order on Thursday night effectively giving ByteDance, the Chinese company that owns TikTok, 45 days to sell the video sharing app before it’s banned in the country.The deadline, 45 days from Thursday, would be Sept. 20, which is five…

Unemployment filings top one million for 20th straight week

Unemployment filings top one million for 20th straight week

courtneyk/iStockBy CATHERINE THORBECKE, ABC News(WASHINGTON) — For 20 straight weeks, the number of Americans who have lost their jobs and filed for unemployment insurance has topped one million. This unprecedented streak of weekly jobless claims has shattered all historical records. Prior to the coronavirus pandemic, the previous record for weekly unemployment filings was 695,000 in…