By ABC News

Consumer Report Economy
Jun 20, 2014 9:40am

Gold in Demand, Markets Play It Safe Amid Iraq Woes

ABC News’ John Kapetaneas reports: As the Dow slowly creeps its way toward 17,000, European investors are rushing back to the safety of gold, pushing its value up to $1,313 this morning. Markets in Europe and Asia were mixed today, while U.S. markets are looking… Read More »

Companies
Jun 19, 2014 8:09am

Recalls Don’t Slow GM Sales

Morning Money Memo… General Motors CEO Mary Barra faced a rough ride at a House hearing over the company’s slow response to flawed ignition switches. Members of Congress want to know why it took years for America’s largest automaker to recall defective cars. But the… Read More »

Economy
Jun 18, 2014 11:25am

Vinyl’s Popularity Lifts Turntable Sales

Music aficionados have long touted the virtues of vinyl, arguing that CD’s and MP’3s are no match for the depth and warmth of sound offered by the grooves inside an LP. Now, as the popularity of vinyl soars, companies that cater to the medium are… Read More »

Consumer Report
Jun 18, 2014 8:31am

Is Creating 3D Smart Phone a Good Move for Amazon?

Morning Money Memo… Is a 3D smart phone a dumb move for Amazon? That’s what many industry analysts are wondering about today’s expected announcement of a brand new market for the world’s biggest online retailer. Amazon has declined to comment, but it’s widely reported to… Read More »

Consumer Report
Jun 17, 2014 3:45pm

Starbucks CEO Howard Schultz Shares His Surprising Guilty Pleasure

It’s a historic week for Starbucks. Chairman and CEO Howard Schultz announced a new program to benefit 135,000 baristas. The Seattle-based corporation is teaming up with Arizona State University to offer the Starbucks College Achievement Plan, which pays for full- and part-time employees to go… Read More »

By ABC News

Consumer Report
Jun 17, 2014 12:23pm

World’s Rarest Stamp To Have Guard at Tonight’s Auction

A postage stamp described as “the Mona Lisa” and “the Mount Everest” of stamp collecting for the past 100 years could fetch as much as $20 million in an auction tonight at Sotheby’s Auction House in New York. The British Guiana One-Cent Magenta stamp was… Read More »

Consumer Report
Jun 17, 2014 8:20am

New GM Recall, More Delays on Repairs

  Morning Money Memo: The safety crisis at General Motors is growing. America’s largest automaker has announced its 44th recall this year, doubling the size of an earlier recall for cars with ignition switch problems. About 3.4 million vehicles are involved this time. The latest… Read More »

Consumer Report
Jun 16, 2014 8:28am

Gas Prices Up as Mideast Turmoil Threatens US Economy

  Morning Money Memo: U.S. motorists are already paying more for gasoline as the turmoil spreads in Iraq. Prices may continue to rise in the coming weeks. West Texas Crude reached $107 a barrel this morning on futures markets. Iraq is the world’s second largest… Read More »

By ABC News

Consumer Report
Jun 13, 2014 9:23am

Iraq Problems, Gas Headaches?

Morning Money Memo … ABC News’ John Kapetaneas reports: Will the crisis in Iraq spark a crisis at the pump? As ISIS militants topple city after city in northern Iraq, global oil markets are responding with increased volatility. Crude oil prices have risen 4 percent… Read More »

Companies
Jun 12, 2014 9:09am

GM Trying to Shield Liability in Crash Cases?

Morning Money Memo… Lawyers for a Georgia family trying to reopen a wrongful death lawsuit against General Motors say the company is trying to move the case to federal court so it can use bankruptcy as a shield from the claim. The attorneys say GM’s… Read More »