ABC Business News

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…]

PhillDanze/iStock (NEW YORK) — Apple’s stock on Tuesday morning was hovering just below the threshold required to reach a market capitalization of $3 trillion, a milestone no publicly traded U.S. company has ever reached. Shares [Read More…]

Michael B. Thomas/Getty Images (EDWARDSVILLE, Ill.) — The Occupational Health and Safety Administration has launched an investigation into the collapse of an Amazon delivery station in Edwardsville, Illinois, that left six people dead after a [Read More…]

DKart/iStock (NEW YORK) — In late November, Twitter rolled out a new privacy policy it said was aimed at preventing the misuse of media to harass, intimidate or reveal the identities of individuals — but, [Read More…]

Sundry Photography/iStock (WASHINGTON) — Several organizers of the Jan. 6 rally near the White House filed a lawsuit Monday against Verizon to prevent the telecommunications giant from sharing cell phone data with the congressional committee [Read More…]

iStock/JillianCain (NEW YORK) — An Asian American software engineer who was lauded for creating a free website to help people find COVID-19 vaccine appointments, and using the platform to raise awareness about the uptick in [Read More…]

baona/iStock (WASHINGTON) — Vice President Kamala Harris will announce the administration’s EV Charging Action Plan on Monday to fast-track a nationwide charging network for electric vehicles. The plan outlines steps for how federal agencies, such [Read More…]

Dmitry Vorobyev/iStock (NEW YORK) — Have gifts to ship that you want to arrive by Christmas? Then taking a trip to the post office might be in your future! Each year, we spend time sweating [Read More…]

Moyo Studio/iStock (NEW YORK) — Consumer prices are continuing to climb, causing new pain for Americans’ pocketbooks, as inflation tightens its grip on the economy and hobbles the post-pandemic recovery. The consumer price index, which [Read More…]

Marccophoto/iStock (NEW YORK) — A now-defunct e-cigarette retailer has agreed to pay $50 million to resolve allegations it marketed and sold vaping products to minors by appealing to their social media preferences, taste for fruit [Read More…]

Mutlu Kurtbas/iStock (NEW YORK) — A year and a half into the global pandemic, with the Omicron variant lurking and holiday travel looming, many flight attendants say they’ve reached their breaking point with unruly passengers, [Read More…]

mattjeacock/iStock (BUFFALO, N.Y.) — Workers with at least one Starbucks outpost in Buffalo, New York, voted on Thursday to form the coffee chain’s first labor union in the U.S., according to results of the vote [Read More…]

mattjeacock/iStock (BUFFALO, N.Y.) — History could be made for Starbucks workers in labor-friendly Buffalo, New York, on Thursday. The National Labor Relations Board is set to count votes for a union election collected from three [Read More…]

Getty/Justin Sullivan (SAN JOSE, Calif.) — Elizabeth Holmes finished her testimony on Wednesday and her defense team rested their case in her criminal fraud trial. All that’s left now are closing arguments. Then the jury [Read More…]

GETTY/Roy Rochlin/Stringer (WASHINGTON, D.C.) — Lawmakers on Wednesday grilled Adam Mosseri, the head of Instagram, in a wide-ranging hearing on the potential harms of social media use for young people. The senators pledged that the age [Read More…]

iStock (NEW YORK) — Instagram announced a slew of updates on Tuesday that aim to protect teens on the app, in an announcement that notably comes one day before Head of Instagram Adam Mosseri is [Read More…]

baona/iStock (NEW YORK) — Charging an electric vehicle is simple and painless — if you have a charger installed at home. Automakers are producing EVs at a feverish pace with government backing. Yet the number [Read More…]