ABC Business News

Micha Pawlitzki/Getty Images (WASHINGTON) — Hundreds of thousands of rail workers stand on the brink of a nationwide strike that would paralyze the U.S. supply chain and passenger rail service ahead of the busy holiday [Read More…]

Matt Anderson Photography/Getty Images (NEW YORK) — Historic protests across China over its zero-COVID policy battered U.S. stocks on Monday, highlighting a close link between the contentious Chinese measures and domestic economic conditions that could [Read More…]

Florian Roden / EyeEm/Getty Images (WASHINGTON) — President Joe Biden on Monday asked Congress to intervene and avert a potential strike of the nation’s railway workers — which could upend huge parts of the economy [Read More…]

Scott Olson/Getty Image (NEW YORK) — Elon Musk, the billionaire entrepreneur who owns Twitter, attacked Apple on Monday in a series of tweets hammering the tech giant for allegedly decreasing the amount of ads it [Read More…]

Jeremy Moeller/Getty Images (NEW YORK) — Kim Kardashian has broken her silence on Balenciaga’s recent ad scandal. “I have been quiet for the past few days, not because I haven’t been disgusted and outraged by [Read More…]

RUNSTUDIO/Getty Images (NEW YORK) — Shoppers spent a record $5.29B this Thanksgiving, according to Adobe Analytics — a figure up 2.9% year-over-year. Adobe Analytics’s report on record spending may be surprising to some, as the [Read More…]

ricardoinfante/Getty Images (NEW YORK) — As the holidays approach, experts estimate that roughly 60% of consumers plan on purchasing gift cards this December, making it one of the most popular gift-giving options. As a $173 [Read More…]

OMAHA, Neb. (AP) — Billionaire investor Warren Buffett donated more than $750 million in Berkshire Hathaway stock to the four foundations run by his family Wednesday, but unlike his annual gifts to charity each summer, [Read More…]

Leonardo Munoz/VIEWpress/Getty Images (New York) — Donald Trump reported nearly $1 billion in operating losses over a two-year period about a decade ago, an accountant testified at the criminal trial of the Trump Organization, spilling [Read More…]

Eva Deitch/The Washington Post via Getty Images (New York) — Former Elle columnist E. Jean Carroll will file a new lawsuit against former President Donald Trump on Thanksgiving, the first day of New York’s new [Read More…]

Tayfun Coskun/Anadolu Agency via Getty Images (NEW YORK) — Elon Musk, who admitted to overpaying for Twitter, cut workers at the social media platform almost immediately. In response, some of the axed employees want their [Read More…]

Jeremy Moeller/Getty Images (NEW YORK) — Luxury brand Balenciaga has issued an apology for its recent advertisements featuring children with sexualized teddy bears. “We sincerely apologize for any offense our holiday campaign may have caused. [Read More…]

RiverNorthPhotography/Getty Images (NEW YORK) — Americans may be feeling the pinch at grocery store checkouts, but the largest chain in the country has shared some positive news ahead of the holiday season. “Our turkey costs [Read More…]

miodrag ignjatovic/Getty Images (NEW YORK) — As Americans get ready for the holiday season, millions will turn to food donations and assistance from organizations to help get meals on the table. Over 33 million Americans [Read More…]

EschCollection/Getty Images (NEW YORK) — The nation’s largest rail union on Monday voted down a tentative contract brokered by the White House, raising the possibility of a nationwide strike next month that could cripple the [Read More…]

Leon Neal/Getty Images (NEW YORK) — The cryptocurrency exchange FTX owes creditors $3.1 billion, according to court documents filed late Saturday night. The Bahamas-based platform filed for bankruptcy earlier this month after the company, run [Read More…]

Jerod Harris/Getty Images for Vox Media (NEW YORK) — Bob Iger is returning to The Walt Disney Company as its chief executive officer, effective immediately, the company announced Sunday night. “We thank Bob Chapek for [Read More…]

SAMANTHA LAUREY/AFP via Getty Images (SAN FRANCISCO) — A number of Twitter employees appear to be on their way out after declining to accept an ultimatum from new company owner Elon Musk asking that they [Read More…]

Justin Sullivan/Getty Images (SAN JOSE, Calif.) — Elizabeth Holmes, the founder of shuttered blood testing company Theranos, is set to be sentenced on Friday for defrauding investors. The sentencing marks the latest development in a [Read More…]

Jason Marz/Getty Images (WASHINGTON) — The Tennessee attorney general said he is looking into whether consumer protection laws were violated after Ticketmaster botched the rollout of Taylor Swift concert tickets. “We have received complaints about [Read More…]