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ABC Business News
Monster storm fuels most flight cancellations of year
IronHeart/Getty Images (DALLAS) — A monster winter storm is fueling the worst travel day of the year — with more than 4,000 flights canceled Thursday morning as of 10 a.m. per FlightAware. This is the [Read More…]
Sacklers ‘close’ to deal to contribute additional cash in opioid settlement
Michael Nigro/Pacific Press/LightRocket via Getty Images, FILE (NEW YORK) — The family that owns Purdue Pharma is “close” to an agreement that substantially increases its financial contribution to a nationwide opioids settlement, according to a [Read More…]
Spotify’s handling of COVID-19 misinformation on Joe Rogan’s podcast takes heat from critics
iStock/koto_feja (NEW YORK) — After managing to avoid the same level of scrutiny as fellow tech giants such as Twitter and Facebook for years, streaming service Spotify has now found itself at the center of [Read More…]
Veganuary is over, but this is how you can keep shopping sustainably
Andreas Rentz/Getty Images for Marc Cain (NEW YORK) — Veganuary is over, but that doesn’t mean your sustainable fashion journey has to be. The Veganuary challenge was created by a UK nonprofit of the same [Read More…]
‘Out of control’: Buyers paying thousands over sticker price for new cars
KIA (NEW YORK) — Looking to buy a new Kia Telluride sport utility vehicle? Expect to pay $48,509 — more than $3,700 above the manufacturer’s suggested retail price. Luxury SUVs like the Range Rover ($117,890) [Read More…]
How the metaverse could impact the world and the future of technology
Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Facebook’s announcement in October that it was further embracing the metaverse and rebranding itself as Meta set off a firestorm. While experts say the metaverse is still [Read More…]
What to expect from more grocery store price hikes, products impacted
Mario Tama/Getty Images (NEW YORK) — Prices have continued to climb from the grocery store to the gas station amid the pandemic. According to a new report, the prices of some foods and household staples [Read More…]
Commission approves new safety standards for crib mattresses
Kyryl Gorlov / EyeEm/Getty Images (NEW YORK) — After 139 child deaths since 2010, new safety standards for crib mattresses will go into effect this fall. The Consumer Product Safety Commission approved a new rule [Read More…]
Commission approves new safety standards for crib mattresses
Kyryl Gorlov / EyeEm/Getty Images (NEW YORK) — After 139 child deaths since 2010, new safety standards for crib mattresses will go into effect this fall. The Consumer Product Safety Commission approved a new rule [Read More…]
Black-owned autonomous grocery store opens in Georgia
Nourish + Bloom Market (FAYETTEVILLE, Ga.) — When Jilea Hemmings’ oldest son was diagnosed with autism, she and her husband, Jamie, started experimenting with food that seemed to help improve their child’s performance. The Georgia [Read More…]
Why the global chip shortage threatens the economy, national security and Americans’ ‘status quo’
Krisztian Bocsi/Bloomberg via Getty Images (NEW YORK) — In an increasingly digitized world, almost no industry has been left unscathed by the global shortage of electronic chips. Demand for these dime-sized building blocks needed to [Read More…]
Bitcoin operation ignites debate around the waste from coal mining in Pennsylvania
ABC News (PITTSBURGH) — A once-dormant power plant is humming with activity outside Pittsburgh as thousands of miners work 24 hours a day. The miners at this site aren’t people, but supercomputers running complex math [Read More…]
Tesla files countersuit against JPMorgan, accuses bank of ‘illegitimate machinations’
iStock/jetcityimage (NEW YORK) — Tesla filed a counterclaim against JPMorgan Chase Monday, the latest salvo in an ongoing battle between the electric automaker and the country’s biggest bank. The lawsuit accused JPMorgan of filing “cynical [Read More…]
Intel investing $20 billion to bring chip manufacturing to Ohio amid global shortage
iStock (NEW YORK) — Amid a global chip shortage that has been exacerbated by the COVID-19 pandemic, Intel announced Friday that it will invest more than $20 billion in two new chip factories in Ohio. [Read More…]
Instagram testing feature that lets creators charge subscription fees
Rafael Henrique/SOPA Images/LightRocket via Getty Images (NEW YORK) — A small handful of Instagram content creators can now directly charge followers a monthly subscription fee for exclusive content and benefits in the latest shakeup to [Read More…]
Amazon announces its 1st clothing store: here’s what to know
Chris Ratcliff/Bloomberg via Getty Images (LOS ANGELES) — Amazon has expanded in many ways throughout the years, and now the e-commerce giant is launching a brick-and-mortar clothing store. The company announced Thursday that its Amazon [Read More…]
FBI warns criminals are using fake QR codes to scam users
Alexander Spatari/Getty Images (WASHINGTON) — Cybercriminals could use altered Quick Response (QR) codes to steal personal and financial information of unsuspecting customers, the FBI warns. QR codes are all around us these days, and they’re [Read More…]
Jan. 6 committee asks Ivanka Trump for cooperation, testimony
Elijah Nouvelage/Getty Images (WASHINGTON) — The House select committee investigating the Capitol attack requested on Thursday that Ivanka Trump cooperate with its investigation and asked her to testify regarding conversations with her father, former President [Read More…]
Experts slam oil giant Exxon Mobil’s net-zero ‘ambition’
Lao Chengyue/Xinhua via Getty Images (NEW YORK) — Exxon Mobil Corp. announced on Tuesday an “ambition” to reach net-zero greenhouse gas emissions in its operations in the next three decades, but fell short of making [Read More…]
‘Significant evidence’ of alleged fraud in Trump business investigation, NY AG says
Mark Wilson/Getty Images (NEW YORK) — New York Attorney General Letitia James said that her office has uncovered “significant evidence” of fraud in her civil investigation of former President Donald Trump and the Trump Organization. [Read More…]