ABC Business News

NurPhoto/Getty Images (NEW YORK) — Amazon’s layoffs will continue into the new year, CEO Andy Jassy said in a new memo Thursday. The announcement comes a day after the tech company began layoffs of workers [Read More…]

Jeff Kravitz/FilmMagic (NEW YORK) — Ticketmaster is pulling the plug on the general-public ticket sale for Taylor Swift’s “Eras” tour that was set to take place Friday, Nov. 18. The company tweeted Thursday: “Due to [Read More…]

Michaela Handrek-Rehle/Bloomberg via Getty Images (NEW YORK) — Mark Zuckerberg has announced that Meta will be laying off 11,000 of its employees — an estimated 13% of its workforce — and will also be taking [Read More…]

Tetra Images/Getty Images (NEW YORK) — As the midterm elections begin, sky-high prices for essentials like food and gasoline have become a major line of criticism leveled at Democrats, who control the White House and [Read More…]

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…]