ABC Business News

Jeenah Moon/Bloomberg via Getty Images (NEW YORK) — More than 7,000 nurses at two hospitals in New York City went on strike early Monday morning demanding better pay, better working conditions and more staffing. The [Read More…]

Weiquan Lin/Getty Images (NEW YORK) — For nearly a century, people have flocked every holiday season to Radio City Music Hall to watch the famous Rockettes perform in the Radio City Christmas Spectacular show. The [Read More…]

E4C/Getty Images (NEW YORK) — The holiday meltdown at Southwest Airlines last month cost the company as much as $825 million in lost revenue and added expenses, the company said in a government filing on [Read More…]

Adam Glanzman/Bloomberg via Getty Images (NEW YORK) — Peloton has agreed to pay a $19 million fine as part of a settlement over its treadmill recall, the U.S. Consumer Product Safety Commission announced Thursday. The [Read More…]

Witthaya Prasongsin/Getty Images (NEW YORK) — The former chief executive of the cryptocurrency lending platform Celsius Network defrauded hundreds of thousands of investors out of hundreds of millions of dollars’ worth of cryptocurrency, New York [Read More…]

nycshooter/Getty Images (NEW YORK) — Hundreds of Uber drivers in New York City are carrying out a day-long strike on Thursday after a lawsuit from the rideshare company temporarily blocked a pay increase set to [Read More…]

Javier Ghersi/Getty Images (NEW YORK) — Shares of Tesla plummeted 12% on Tuesday, wiping nearly $50 billion from the company’s value and eliciting scrutiny of CEO Elon Musk as he appears to focus on Twitter. [Read More…]

Oscar Wong/Getty Images (NEW YORK) — Eating with the seasons is a great way to consume produce at peak freshness when it’s full of both nutrients and flavor. Plus, it supports local and regional growers. [Read More…]

ABC News (NEW YORK) — Disgraced crypto executive Sam Bankman-Fried pleaded not guilty to federal criminal charges in Manhattan on Tuesday and was tentatively scheduled to stand trial Oct. 2. Bankman-Fried, instantly recognizable by his [Read More…]

IronHeart/Getty Images (NEW YORK) — The first Mega Millions game of the new year is among its largest, with an estimated $785 million jackpot ahead of Tuesday night’s drawing. It’s the fourth-largest jackpot in the [Read More…]

filo/Getty Images (NEW YORK) — Nearly half of U.S. states raised their minimum wages at the outset of 2023, helping millions of workers contend with the nation’s ongoing bout of high inflation. In all, 23 [Read More…]

ABC News (NEW YORK) — Disgraced crypto executive Sam Bankman-Fried is likely to plead not guilty to an eight-count fraud and conspiracy indictment when he appears in Manhattan federal court Tuesday, a person familiar with [Read More…]

Gary Hershorn/Getty Images (NEW YORK) — Apple marked a grim milestone this week, falling about $1 trillion below a peak reached in 2022. The company’s shares rallied in recent days, but the massive loss in value [Read More…]

Witthaya Prasongsin/Getty Images (WASHINGTON) — Grubhub has been ordered to pay a $3.5 million settlement after the District of Columbia filed a lawsuit over the food delivery service’s alleged deceptive practices. On Friday, Washington, D.C., [Read More…]

ABC News (NEW YORK) — After more than 15,000 flights were canceled over the Christmas holiday, leaving thousands of travelers in a lurch, Southwest Airlines says it’s finally catching up. The airline said it plans [Read More…]

David Paul Morris/Bloomberg via Getty Images (NEW YORK) — Elon Musk earlier this month pledged to step down as the head of Twitter as soon as he finds someone “foolish enough to take the job.” [Read More…]

hocus-focus/Getty Images (NEW YORK) — Apple is facing a proposed class action lawsuit alleging the Apple Watch’s blood oxygen sensor is racially biased against people with dark skin tones. Experts say accuracy problems have been [Read More…]

E4C/Getty Images (NEW YORK) — A massive storm has triggered widespread flight cancellations, most notably at Southwest Airlines, which has canceled more than 15,000 flights since last week, stranding droves of customers during peak holiday [Read More…]

Paul Hennessy/Anadolu Agency via Getty Images (NEW YORK) — Southwest Airlines said it plans to return to “normal operations with minimal disruptions” Friday, after days of chaos that saw the company cancel thousands of its [Read More…]

Tetra Images/Getty Images (WASHINGTON) — One of the nation’s largest wholesale distributors of prescription drugs failed hundreds of thousands of times over the last decade to report suspicious orders of opioids, fueling the country’s opioids [Read More…]