ABC Business News

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…]

4kodiak/iStock (NEW YORK) — Amazon and Starbucks teamed up to launch a new cashier-less cafe in midtown Manhattan that opens to the public on Thursday. The new concept store combines a traditional Starbucks pickup cafe [Read More…]

VelhoJunior/iStock (NEW YORK) — The pandemic has slowed down the supply chain in many sectors, but Campbell’s CEO says he expects the company’s products to be fully available this holiday season. Mark Clouse, CEO of [Read More…]

lechatnoir/iStock (NEW YORK) — When Kara Moore, a mom of three, returned to the workforce last year after nine years as a stay-at-home mom, she struggled to find a job. Moore, 42, who holds a [Read More…]

iStock/Wolterk (NEW YORK) — The United Autoworkers Union announced Wednesday night it has voted to ratify an agreement that ends the strike of thousands of John Deere workers. The agreement was approved by a vote [Read More…]

stevezmina1/iStock (LOS ANGELES) — The iconic Staples Center in Los Angeles will change its name to the Crypto.com Arena this Christmas, marking the end of an era for the stadium and becoming perhaps the latest [Read More…]

stevezmina1/iStock (LOS ANGELES) — The Staples Center is getting a new name before the new year. Arena owner AEG announced Tuesday a new 20-year partnership with Singapore-based cryptocurrency platform, Crypto.com. Beginning December 25, the Staples [Read More…]

Delmaine Donson/iStock (BATON ROUGE, La.) — While laws against natural hair discrimination continue to be introduced in states and localities around the country, there are also big changes being made for future hair professionals — [Read More…]

iStock (NEW YORK) — Amazon will pay a $500,000 settlement related to California’s “right-to-know” labor law after state regulators alleged the retail giant failed to adequately notify warehouse workers and local health agencies of COVID-19 [Read More…]

Thank you for your assistant/iStock (NEW YORK) — Nike is pressing pause on the release of its collaboration with Travis Scott “out of respect” for the victims of Astroworld. The footwear company sent out a [Read More…]

IcemanJ/iStock (NEW YORK) — Lovers of all things chocolate, dessert and Reese’s have another thing to be thankful for just in time for the holidays. On Monday, a new Reese’s Thanksgiving Pie was announced. The [Read More…]

Official White House Photo by Chandler West (WASHINGTON) — White House National Economic Council Director Brian Deese acknowledged that “inflation is high and it’s affecting Americans in their pocketbook and their outlook,” but promised the [Read More…]

iStock/Wolterk (NEW YORK) — The United Autoworkers Union announced it has reached a third tentative agreement that now heads to local unions for a ratification vote that could end the ongoing strike of thousands of [Read More…]

Asian Alphan/iStock (NEW YORK) — Americans across the country are seeing higher prices at the mall, grocery store and gas pump, causing new pain for their pocketbooks right as the holiday shopping season is set [Read More…]

iStock/littlehenrabi (NEW YORK) — The number of people who quit their jobs rose to a record high in September, the Department of Labor said Friday. Some 4.4 million workers, or 3% of the total workforce, [Read More…]