ABC Business News

Rafael Henrique/SOPA Images/LightRocket via Getty Images (NEW YORK) — The new FTX CEO brought into shepherd the company through bankruptcy proceedings said he has never seen such a “complete failure” of corporate controls in his career, including

bgwalker/Getty Images (NEW YORK) — Hundreds of Starbucks employees went on strike Thursday, amid the coffee chain’s busy holiday season, to protest working conditions and push company leaders to recognize workers’ unionizing efforts at stores nationwide and

FSIS/USDA (WASHINGTON) — Tyson Fresh Meats has recalled about 93,697 pounds of raw ground beef products, saying it may be contaminated with “extraneous materials, specifically reflective mirror-like material,” the U.S. Department of Agriculture’s Food Safety and Inspection

Craig Hastings/Getty Images (NEW YORK) — After travel came to a halt during the height of the COVID-19 pandemic, travelers are once again on the move and new data shows there’s no sign of demand slowing during

NurPhoto/Getty Images (NEW YORK) — Amazon began layoffs on Wednesday of workers on its devices team, which focuses on products like its voice-operated Alexa, Dave Limp, senior vice president of devices and services, said in a memo.

10’000 Hours/Getty Images (NEW YORK) — A rude awakening for the tech industry this year has triggered a slew of layoffs at major companies. Sales at top tech firms have retreated from the blistering pace attained during

SAMANTHA LAUREY/AFP via Getty Images (NEW YORK) — Twitter employees have till Thursday evening to commit to being “extremely hardcore” or accept three months of severance upon their exiting the company, Twitter’s new owner Elon Musk wrote

Jeremy Moeller/Getty Images (NEW YORK) — Estée Lauder is acquiring Tom Ford for $2.8 billion, the venerable beauty brand announced Tuesday. Through the new deal, the beauty conglomerate plans to add the designer label’s fragrances, cosmetics, skin

ABC News (NEW YORK) — Amazon is warning customers about an increase in online and mobile scams ahead of the holiday season. According to Amazon, they have already initiated takedowns of more than 20,000 phishing websites and

Javier Ghersi/Getty Images (NEW YORK) — A red wave in the midterm elections propelled by discontent over sky-high inflation was expected to deliver a historic defeat for Democrats — until it didn’t. Typically the party in control