Business News

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Apple Pay: What to Expect at the Checkout Counter

iStock/Thinkstock(NEW YORK) -- With the roll out of Apple Pay next Monday, the checkout experience is expected to evolve at some of the biggest retailers and restaurants in the United States.Apple's mobile payment product, which works on the iPhone 6 and

Microsoft CEO Says Company Needs to Recruit More Diverse Talent

David Becker/Getty Images(NEW YORK) -- The head of Microsoft has a new message for his employees following a gaffe last week regarding women asking for raises.When Microsoft CEO Satya Nadella was asked at a technology conference last week how women should

Snapchat to Add In-App Advertisements This Weekend

Photo by Peter Macdiarmid/Getty Images(NEW YORK) -- Snapchat announced on Friday that it would begin placing advertisements for American users this weekend, the first time the app will feature ads in its "recent updates" space.According to a post on the S

Mark Cuban Tweets He's Buying Netflix Stock

ABC/Bob D'Amico(NEW YORK) -- Billionaire and star of Shark Tank posted to his Twitter account Friday saying that he intended to buy stock in Netflix, just one day after the company reported disappointing earnings.On Thursday, Netflix reported worse-than-e

Wall Street Closes the Week Strong Following Positive Report on Residential Cons

iStock/Thinkstock(NEW YORK) -- Wall Street closed the week on a positive note with all three major indices posting significant gains on Friday, after a Commerce Department report indicated increases in construction on both single-family homes and apartmen

Craft Beers Land on More In-Flight Beverage Carts

iStock/Thinkstock(NEW YORK) -- Craft beer continues to be one of the fastest-growing brew segments in the country, posting annual growth of 17.2 percent by volume in 2013, according to the Brewer’s Association. And with demand steadily climbing high

Twitter to Show You Tweets from People You Don't Follow

ABC News(NEW YORK) -- Twitter says it's trying to improve users' timelines by showing them tweets from people they don't follow.Until now, users of the social network have only seen posts from people they follow, with the exception of a few sponsored twee

New Starbucks Barista Dress Code Allows Tattoos, Nose Piercings

Starbucks(SEATTLE) -- Your next morning latte may be served up with a little more personality -- and maybe even some attitude.Starbucks is relaxing its dress code to allow baristas to bare tattoos and even sport modest nose piercings.In its updated dress

Census: More than 48 Million Americans Live in Poverty

iStock/Thinkstock(WASHINGTON) -- More than 48 million Americans were living below the poverty line in 2013, the U.S. Census Bureau reported in its supplemental poverty measure Thursday.But in a bit of good news, last year's poverty rate -- 15.5 percent --

Most Parents Who Work Say It's About More than Just the Money

iStock/Thinkstock(NEW YORK) -- Juggling a career and a family is now an American way of life but is it really something most parents want to do if they really had the choice?A FlexJobs survey of 1,500 people ages 20-to-69 found that nearly nine in ten hav

Seniors Often Fall Victim to Financial Abuse

iStock/Thinkstock(NEW YORK) -- The elderly are vulnerable to what’s being termed as “financial abuse,” that is, having their well-earned nest eggs pilfered by unscrupulous con men or even worse, relatives.A new survey by the insurance fi

Firm Charged with High-Frequency Trading Settles with SEC for $1 Million

zhudifeng/iStockphoto/Thinkstock(NEW YORK) -- New York-based trading firm Athena Capital Research agreed to pay a $1 million penalty after being charged with fraudulent trading by the Securities and Exchange Commission.According to an SEC press release, t

NY Attorney General Issues Report Saying Most Airbnb Reservations Illegal

Photo by Andrew Burton/Getty Images(NEW YORK) -- New York Attorney General Eric Schneiderman issued a report on Thursday finding that the majority of Airbnb reservations made in New York City in the last several years have been in violation of New York la

Markets Rally from Early Losses Following Positive Unemployment Numbers

iStock/Thinkstock(NEW YORK) -- Wall Street climbed back from early losses to finish the day right around where it began.The Dow Jones Industrial Average dipped 24.5 to a close of 16,117.24.The Nasdaq climbed to a finish of 4,217.39, up 2.07 from Wednesday

Apple Introduces iPad Air 2, Its Thinnest Tablet Ever

Apple, Inc.(CUPERTINO, Calif.) -- The iPad Air 2, Apple's thinnest tablet ever, was introduced Thursday at the company's surprise October event."Can you even see it?" CEO Tim Cook joked as he showed the 6.1 mm thin tablet to an audience gathered at Apple'