ABC Business News

Shopify (NEW YORK) — Holiday shopping is underway and retailers have already started offering additional sales and discounts earlier than ever in an attempt to win over consumers, who are facing near-record high inflation this [Read More…]

Lamborghini (NEW YORK) — Supercar maker Lamborghini cannot keep up with demand. The Italian marque said Monday it has sold 7,430 vehicles in the first nine months of the year and is on track to [Read More…]

Stanislav Kogiku/SOPA Images/LightRocket via Getty Images (NEW YORK) — Apple said on Sunday that COVID-19 restrictions at an iPhone factory in China have “temporarily impacted” shipments of its flagship phone. The world’s most valuable company [Read More…]

Katie McTiernan/Anadolu Agency via Getty Images (NEW YORK) — When Nissan launched the all-new, seventh-generation Z sports car, company executives had a specific requirement: a manual transmission. “In the more than 50 years of Nissan [Read More…]

Douglas Sacha/Getty Images (NEW YORK) — The U.S. added 261,000 jobs in October, exceeding economist expectations and sending a positive signal for the economy days before the midterm elections. The unemployment rate increased to 3.7%. [Read More…]

CONSTANZA HEVIA/AFP via Getty Images (NEW YORK) — Twitter will begin layoffs on Friday, the company announced in an email. “In an effort to place Twitter on a healthy path, we will go through the [Read More…]

Paul Weaver/SOPA Images/LightRocket via Getty Images (NEW YORK) — Every Tuesday, every movie, only $5. In the latest effort to get movie-goers back into theaters, AMC Theaters announced Thursday that AMC Stub members can enjoy [Read More…]

ABC News Photo Illustration, McDonald’s (NEW YORK) — A taste of the Marvel Cinematic Universe is coming to the menu at McDonald’s with a new item inspired by the highly-anticipated Black Panther sequel. Starting Thursday, [Read More…]

CONSTANZA HEVIA/AFP via Getty Images (NEW YORK) — The top executives of three civil rights groups are demanding a meeting with new Twitter owner Elon Musk following what they say has been a rise in [Read More…]

Courtesy of Starbucks (NEW YORK) — Starbucks is officially in holiday mode with the return of its iconic red cups and special holiday menu. Starting Thursday, Nov. 3, Starbucks will celebrate the return of holiday [Read More…]

Aldi (NEW YORK) — This Thanksgiving, amid inflation and rising food prices, shoppers can find savings on meal ingredients thanks to a new promotion from Aldi. The grocery retailer announced its “Thanksgiving Price Rewind” on [Read More…]

Chip Somodevilla/Getty Images (WASHINGTON) — The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.75% to slow key areas of the economy and tame inflation, which is at a 40-year high. [Read More…]

David Paul Morris/Bloomberg via Getty Images (NEW YORK) — CBS and its senior leadership knew about multiple allegations of sexual assault against former chief executive Les Moonves but intentionally concealed them from shareholders, regulators and [Read More…]

Paul Weaver/SOPA Images/LightRocket via Getty Images (NEW YORK) — CVS Health and Walgreens on Wednesday said they had agreed in principle to pay about $10 billion in total to settle a series of opioid-related lawsuits [Read More…]

Paul Weaver/SOPA Images/LightRocket via Getty Images (NEW YORK) — CVS Health on Wednesday said it had agreed to a $5 billion settlement designed to “substantially resolve” opioid lawsuits against the pharmacy chain. “We are pleased [Read More…]

Bloomberg Creative/Getty Images (WASHINGTON) — Economists expect another jumbo-sized increase in borrowing costs when the Federal Reserve announces its interest rate decision on Wednesday. Mounting evidence suggests that previous rate hikes have slowed key areas [Read More…]

Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — A new study from Montclair State University showed a dramatic increase in hate speech on Twitter immediately following Elon Musk’s acquisition of the social media platform. Musk, [Read More…]

Avishek Das/SOPA Images/LightRocket via Getty Images (WASHINGTON) — A commissioner at the Federal Communications Commission on Tuesday called on the U.S. government to ban social media platform TikTok over concerns about how the China-owned app [Read More…]

Grace Cary/Getty Images, FILE (NEW YORK) — Midterm election results may come down to the price of a gallon of gas. Roughly half of Americans say either the economy or inflation is the most important [Read More…]

Tayfun Coskun / Anadolu Agency (NEW YORK) — Elon Musk, who spent months alternately courting and criticizing Twitter, ultimately acquired one of the world’s largest social media platforms days before the U.S. midterm elections. The [Read More…]