ABC Business News

IronHeart/Getty Images (NEW YORK) — As pre-pandemic level crowds hit the airports for the holidays, three major U.S. airlines have been forced to proactively cancel more than 300 Christmas Eve flights due to the fast-spreading [Read More…]

Viaframe/Getty Images (NEW YORK) — Lingering health concerns about commercial air travel during the COVID-19 pandemic have fueled a boom in private jet travel, a trend that has led to fresh scrutiny of the industry’s [Read More…]

Sjoerd van der Wal/Getty Images (NEW YORK) — U.S. traffic safety regulators have launched a formal probe into certain Tesla vehicles after reports emerged that drivers can play video games on the car’s touchscreen while [Read More…]

Norm Betts/Bloomberg via Getty Images (NEW YORK) — What comes around goes around: Your discarded plastic water bottle may soon become part of your next car. Automakers are racing to make their vehicles more sustainable [Read More…]

FABRICE COFFRINI/AFP via Getty Images (NEW YORK) — The World Economic Forum announced Monday it has indefinitely postponed its upcoming summit in the Swiss resort town of Davos due to uncertainty caused by the omicron [Read More…]

FDA.gov (NEW YORK) — Proctor & Gamble has issued a recall for dozens of its products. P&G announced it is discontinuing a wide range of aerosol dry shampoos and conditioners from some of the company’s [Read More…]

ricardoinfante/Getty Images (NEW YORK) — With holiday shopping in full swing, the Federal Trade Commission is warning consumers about gift card scams. The FTC said consumers are set to spend $28 billion on gift cards [Read More…]

Justin Sullivan/Getty Images (SAN JOSE, Calif.) — A jury of eight men and four women will begin to deliberate on Monday in the criminal fraud case against fallen Silicon Valley CEO Elizabeth Holmes. The jurors [Read More…]

Jenifer Veloso/Bloomberg/Getty Images (NEW YORK) — The Kellogg Co. said it’s reached a tentative agreement that could end the ongoing strike of some 1,400 workers, as lawmakers and even President Joe Biden have weighed in [Read More…]

Justin Sullivan/Getty Images (SAN JOSE, Calif.) — Federal prosecutors went toe-to-toe with defense attorneys for Theranos founder Elizabeth Holmes as both sides delivered hours-long closing arguments in her criminal fraud trial. Prosecutors concluded their roughly [Read More…]

Mario Tama/Getty Images (WASHINGTON) — Not far from the San Pedro Bay Port Complex in Orange County, which sees 40% of the nation’s imports, Rep. Young Kim, R-Calif., has been witnessing supply chain issues in [Read More…]

Al Drago/Bloomberg via Getty Images (WASHINGTON) — Federal Reserve officials announced Wednesday that they intend to more rapidly end pandemic-era monetary policies meant to support the economy as surging inflation casts a new shadow over [Read More…]

Scott Olson/Getty Images (NEW YORK) — Kroger, one of the largest employers in the U.S. with 500,000 workers, announced that it will pull paid emergency COVID leave for unvaccinated employees. The grocery chain is also [Read More…]

AaronP/Bauer-Griffin/GC Images (LAS VEGAS) — Hospitality company Hard Rock International has bought The Mirage Hotel and Casino in Las Vegas from MGM Resorts International for approximately $1.08 billion, the company announced on Monday. According to [Read More…]

PhillDanze/iStock (NEW YORK) — Apple’s stock on Tuesday morning was hovering just below the threshold required to reach a market capitalization of $3 trillion, a milestone no publicly traded U.S. company has ever reached. Shares [Read More…]

Michael B. Thomas/Getty Images (EDWARDSVILLE, Ill.) — The Occupational Health and Safety Administration has launched an investigation into the collapse of an Amazon delivery station in Edwardsville, Illinois, that left six people dead after a [Read More…]

DKart/iStock (NEW YORK) — In late November, Twitter rolled out a new privacy policy it said was aimed at preventing the misuse of media to harass, intimidate or reveal the identities of individuals — but, [Read More…]

Sundry Photography/iStock (WASHINGTON) — Several organizers of the Jan. 6 rally near the White House filed a lawsuit Monday against Verizon to prevent the telecommunications giant from sharing cell phone data with the congressional committee [Read More…]

iStock/JillianCain (NEW YORK) — An Asian American software engineer who was lauded for creating a free website to help people find COVID-19 vaccine appointments, and using the platform to raise awareness about the uptick in [Read More…]

baona/iStock (WASHINGTON) — Vice President Kamala Harris will announce the administration’s EV Charging Action Plan on Monday to fast-track a nationwide charging network for electric vehicles. The plan outlines steps for how federal agencies, such [Read More…]