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ABC Business News

AMC announces new Screen Unseen program: What to know
LPETTET/Getty Images (NEW YORK) — AMC Theatres is adding a bit of mystery to the moviegoing experience. On Tuesday, the theater chain announced its first Screen Unseen event, which it said allows customers to watch [Read More…]

This airport will let non-travelers accompany loved ones to their gate just in time for holiday travel
onurdongel/Getty Images (NEW YORK) — For travelers who wish they could squeeze in a final hug or few more minutes at the gate with friends or family before departing on their holiday flights, one airport [Read More…]

Companies from Starbucks to McDonald’s face controversy amid Israel-Hamas war
JohnFScott/Getty Images (NEW YORK) — Starbucks, McDonald’s and other major companies have touched off controversy tied to the Israel-Hamas war, exemplifying the corporate challenges posed by the high-stakes and politically charged conflict. Starbucks sued its [Read More…]

Scholastic criticized for optional diverse book section
Universal Images Group via Getty Images (TALLAHASSEE, FLORIDA) — The decision by children’s book publisher Scholastic to create a separate, optional section for its elementary school book fairs for titles written predominantly by and about [Read More…]

60,000 gun safes recalled after shooting death
CPSC (NEW YORK) — The U.S. Consumer Product Safety Commission has announced a recall of more than 60,000 biometric gun safes because of a programming feature that “can allow unauthorized access to the safes.” At [Read More…]

Fisher-Price recalls about 21,000 Thomas & Friends truck toys
CPSC (NEW YORK) — Fisher-Price is recalling about 21,000 units of some of their popular Thomas & Friends toys. Parents and customers are being advised to stop using Thomas & Friends Wooden Railway Troublesome Truck [Read More…]

Surging mortgage rates hit 23-year high
ABC News (NEW YORK) — The 30-year fixed mortgage rate this week climbed to 8%, reaching that level for the first time since 2000, according to Mortgage News Daily. The milestone arrives after months of rate [Read More…]

United Airlines will soon prioritize window seat boarding to speed things up by 2 minutes
EllenMoran/Getty Images (NEW YORK) — Good news for flyers who opt for the window seat — your boarding zone will soon be prioritized on United Airlines. According to an internal memo from the Chicago-based carrier [Read More…]

Despite inflation, Walmart CEO says Thanksgiving meal will cost less than last year
GMVozd/Getty Images (NEW YORK) — With just over one month remaining until Thanksgiving and the start of the winter holiday season, Americans are already eyeing grocery prices to gauge how much their festive gatherings are [Read More…]

Injuries from electric scooters on the rise: Officials
simonkr/Getty Images (NEW YORK) — Nearly half of all injuries reported from electric bikes in the last six years took place in 2022, according to a new report from the Consumer Product Safety Commission (CPSC). [Read More…]

Southwest Airlines makes it easier to earn A-List status, plus reminder to book your holiday flights
Craig Hastings/Getty Images (NEW YORK) — As travelers race to book flights for the holidays, Southwest Airlines has announced new changes that will make it easier to earn higher status, with better access to upgrades [Read More…]

Death threats, expletives: Palestinian business owners in US and Canada endure hate, grief
Fatih Aktas/Anadolu via Getty Images (NEW YORK) — Since war broke out between Israel and Hamas last week, a Palestinian-American apparel store owner in San Diego, California, has received a spate of death threats online, she [Read More…]

Israel-Hamas war: Tech platforms under scrutiny over spread of false, graphic posts
pawel.gaul/Getty Images (NEW YORK) — As war broke out in recent days with a Hamas attack and an Israeli response that has left an estimated more than 4,100 people dead in Israel and Gaza, gruesome [Read More…]

Rite Aid files for bankruptcy, announces financial restructuring plans amid opioid complaints, lawsuits
IronHeart/Getty Images (NEW YORK) — One of the nation’s largest drugstore chains has voluntarily initiated the Chapter 11 process for bankruptcy protection. Rite Aid announced Sunday that the company had reached an agreement with creditors [Read More…]

Real estate groups urged the Fed to stop rate hikes. Here’s why.
Grace Cary/Getty Images (WASHINGTON) — Major housing industry groups voiced “profound concern” in a letter this week urging the Federal Reserve to stop raising interest rates. The rare public admonishment from top business advocates — [Read More…]

Family Dollar issues mass nationwide recall on toothpaste, vitamins, pain relievers and more
Paul Weaver/SOPA Images/LightRocket via Getty Images (NEW YORK) — Variety discount store Family Dollar recently initiated multiple recalls on products ranging from over-the-counter drugs to toothpaste sold at regional chains in nearly two dozen states. [Read More…]

Executives and employees at Israel’s startups are joining the fight against Hamas
Omer Keilaf, CEO and co-founder of the Israeli-based tech startup Innoviz Technologies. — David Garb/Innoviz Technologies (NEW YORK) — Israel’s government is mobilizing 360,000 reservists as the nation responds to the sudden attack by Palestinian [Read More…]

Birkenstock goes public on New York Stock Exchange
Spencer Platt/Getty Images (NEW YORK) — Birkenstock took a big step forward on Wall Street this week, taking the nearly 250-year-old German shoe and sandal maker public. The footwear, often seen as a counter culture [Read More…]

Inflation held steady in September, running hotter than expected
Tetra Images/Getty Images (NEW YORK) — Consumer prices rose 3.7% in September compared to a year ago, holding steady from the previous month and running hotter than economists had expected. While inflation has fallen significantly [Read More…]

How AI can fuel financial scams online, according to industry experts
Westend61/Getty Images (NEW YORK) — There is growing fraud online in which scammers manufacture other identities to dupe financial institutions or their customers out of money — and the crimes are only expected to grow [Read More…]