ABC Business News

Sundry Photography/iStock (NEW YORK) — As holiday shopping season ramps up, Walmart CEO John Furman addressed the concerns of prices and how long supplies will last. Furman told Good Morning America that President Joe Biden, [Read More…]

Rawf8/iStock (NEW YORK) — Black Friday, Cyber Monday, Travel Tuesday? Tuesday marks a potentially big day for saving if you’re looking to snag a deal on a trip in 2022. “A lot of folks in [Read More…]

Nathaniel_Young/iStock (NEW YORK) — The holiday season is in full swing and tree farmers across the country are preparing for the Christmas crowds. At Boyd Mountain Christmas Tree Farm in Waynesville, North Carolina, customers can [Read More…]

Tramino/iStock (NEW YORK) — Japanese car giant Nissan Motor Co. said it plans to invest $17.6 billion to accelerate its electrification plans, as the industry as a whole pivots away from gas-powered autos. Nissan said [Read More…]

Wachiwit/iStock (NEW YORK) — Jack Dorsey is resigning from his role as CEO of Twitter, the social media platform he co-founded in 2006, he announced in a tweet on Monday. “After almost 16 years of [Read More…]

Courtesy Michael DiBenigno and Kristen Cuneo (SAN FRANCISCO) — For any mom who’s ever been asked if they “enjoyed their vacation” during maternity leave, Kristen Cuneo has the perfect reply. Cuneo, who works for a [Read More…]

iStock/Nikada (NEW YORK) — The Dow Jones Industrial Average sank more than 900 points on Friday over concerns about the spread of the new COVID-19 variant detected in South Africa. Anxiety among investors grew as countries [Read More…]

ABC News/Mike Dobuski (NEW YORK) — Classic car shows have long been a staple of car enthusiasm — a place for gearheads to gather with fellow enthusiasts to show off their antique rides. “The vibe is [Read More…]

iStock/ChiccoDodiFC (NEW YORK) — T-Mobile will pay some $19.5 million as part of a settlement with the Federal Communications Commission after a 12-hour outage in June of last year resulted in the failure of tens [Read More…]

Extreme Media/iStock (NEW YORK) — The White House announcement Tuesday that the U.S is taking the rare step of releasing oil from the nation’s strategic reserve in an attempt to lower gas prices comes as [Read More…]

webpay/iStock (NEW YORK) — Macy’s is turning some of the iconic balloon designs from its annual Thanksgiving Day parades into non-fungible tokens (NFTs), some of which will be auctioned to benefit the Make-A-Wish foundation. NFTs [Read More…]

Rey Del Rio/Getty Images (BATTLE CREEK, Mich.) — Negotiations are resuming on Monday between Kellogg Co. and the union representing some 1,400 cereal plant workers who have been on strike for more than six weeks. [Read More…]

pabradyphoto/iStock (WASHINGTON) — President Joe Biden announced Monday he will nominate Federal Reserve Chairman Jerome Powell to a second four-year term amid new concerns about controlling inflation and took the opportunity to respond to those [Read More…]

Mario Tama/Getty Images (KANSAS CITY, Mo.) — With inflation driving up costs and Thanksgiving right around the corner, Americans across the country are feeling the effects. Kansas City mother of four Talitha McFadden James said [Read More…]

Aja Koska/iStock (NEW YORK) — Prices on household essentials like groceries and gas are climbing at a rapid clip, causing new financial distress for Americans right as they plan their first holiday gatherings since the [Read More…]

JasonDoiy/iStock (SAN JOSE, Calif.) — Theranos founder Elizabeth Holmes will return to the stand on Monday at her criminal fraud trial in a California federal court. Holmes, who is accused of defrauding investors out of [Read More…]

Microsoft (NEW YORK) — This week marks twenty years since Microsoft unveiled the very first Xbox.  On November 15, 2001, at an event that included a guest appearance from Duane “The Rock” Johnson, then-Microsoft CEO [Read More…]

Justin Sullivan/Getty Images (SAN JOSE, Calif.) — Federal prosecutors have rested their nearly 11-week case against Elizabeth Holmes, the former Theranos CEO accused of misleading investors to bankroll her one-time multibillion-dollar Silicon Valley start-up despite [Read More…]

artran/iStock (NEW YORK) — Walmart, Target and Macy’s say they are finding ways to bring products to shelves in time for the holiday season even though supply chain issues are still impacting the economy and [Read More…]

baona/iStock (NEW YORK) — The number of fliers this year will approach pre-pandemic levels, according to the Transportation Security Administration. However, experts said staffing shortages and a storm on the horizon threaten to disrupt Americans’ [Read More…]