ABC Business News

Photo by Dia Dipasupil/Getty Images (NEW YORK) — With the number of COVID-19 cases surging in New York, workers in the entertainment industry, many of whom are freelancers, are worried about the prospect of another [Read More…]

IronHeart/Getty Images (NEW YORK) — As pre-pandemic level crowds hit the airports for the holidays, three major U.S. airlines have been forced to proactively cancel more than 300 Christmas Eve flights due to the fast-spreading [Read More…]

Viaframe/Getty Images (NEW YORK) — Lingering health concerns about commercial air travel during the COVID-19 pandemic have fueled a boom in private jet travel, a trend that has led to fresh scrutiny of the industry’s [Read More…]

Sjoerd van der Wal/Getty Images (NEW YORK) — U.S. traffic safety regulators have launched a formal probe into certain Tesla vehicles after reports emerged that drivers can play video games on the car’s touchscreen while [Read More…]

Norm Betts/Bloomberg via Getty Images (NEW YORK) — What comes around goes around: Your discarded plastic water bottle may soon become part of your next car. Automakers are racing to make their vehicles more sustainable [Read More…]

FABRICE COFFRINI/AFP via Getty Images (NEW YORK) — The World Economic Forum announced Monday it has indefinitely postponed its upcoming summit in the Swiss resort town of Davos due to uncertainty caused by the omicron [Read More…]

FDA.gov (NEW YORK) — Proctor & Gamble has issued a recall for dozens of its products. P&G announced it is discontinuing a wide range of aerosol dry shampoos and conditioners from some of the company’s [Read More…]

ricardoinfante/Getty Images (NEW YORK) — With holiday shopping in full swing, the Federal Trade Commission is warning consumers about gift card scams. The FTC said consumers are set to spend $28 billion on gift cards [Read More…]

Justin Sullivan/Getty Images (SAN JOSE, Calif.) — A jury of eight men and four women will begin to deliberate on Monday in the criminal fraud case against fallen Silicon Valley CEO Elizabeth Holmes. The jurors [Read More…]

Jenifer Veloso/Bloomberg/Getty Images (NEW YORK) — The Kellogg Co. said it’s reached a tentative agreement that could end the ongoing strike of some 1,400 workers, as lawmakers and even President Joe Biden have weighed in [Read More…]

Justin Sullivan/Getty Images (SAN JOSE, Calif.) — Federal prosecutors went toe-to-toe with defense attorneys for Theranos founder Elizabeth Holmes as both sides delivered hours-long closing arguments in her criminal fraud trial. Prosecutors concluded their roughly [Read More…]

Mario Tama/Getty Images (WASHINGTON) — Not far from the San Pedro Bay Port Complex in Orange County, which sees 40% of the nation’s imports, Rep. Young Kim, R-Calif., has been witnessing supply chain issues in [Read More…]

Al Drago/Bloomberg via Getty Images (WASHINGTON) — Federal Reserve officials announced Wednesday that they intend to more rapidly end pandemic-era monetary policies meant to support the economy as surging inflation casts a new shadow over [Read More…]

Scott Olson/Getty Images (NEW YORK) — Kroger, one of the largest employers in the U.S. with 500,000 workers, announced that it will pull paid emergency COVID leave for unvaccinated employees. The grocery chain is also [Read More…]

AaronP/Bauer-Griffin/GC Images (LAS VEGAS) — Hospitality company Hard Rock International has bought The Mirage Hotel and Casino in Las Vegas from MGM Resorts International for approximately $1.08 billion, the company announced on Monday. According to [Read More…]

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 310,000, a pandemic low and a sign that the surge in COVID-19 cases caused by the delta variant has yet to [Read More…]

NEW YORK (AP) — Walmart says it will start commercializing its delivery service, using contract workers, autonomous vehicles and even drones to deliver other retailers’ products directly to their customers’ homes as fast as just [Read More…]