Business

(NEW YORK) — Disgraced Theranos founder Elizabeth Holmes will report to prison on Tuesday to begin a more than 11-year sentence for defrauding investors with false claims about her company’s blood-testing technology. Holmes, who was sentenced last fall, has failed in multiple requests to delay her incarceration as she awaits a ruling on an appeal. […]

discan/Getty Images (NEW YORK) — Memorial Day is here and that means there are plenty of deals and sales to shop across multiple retailers. ABC News’ Becky Worley appeared on Good Morning America Monday to discuss the best deals consumers can find for the holiday: Copyright © 2023, ABC Audio. All rights reserved.

(NEW YORK) — German automaker Mercedes-Benz has seen its share of the U.S. luxury market slip as customers traded in their V8 sedans and sport utility vehicles for Teslas. Now, the company is following in Tesla’s footsteps by building out its own charging network, accelerating its electrified fleet and adding Level 3 autonomous driving technology to […]

JazzIRT/Getty Images (NEW YORK) — With Memorial Day weekend travel underway, U.S. airports recorded the highest number of passengers on Thursday since before the COVID-19 pandemic began. The Transportation Security Administration said it screened 2,658,057 people at checkpoints across the country on Thursday, the highest daily number since 2019. Even more passengers could be screened […]

(NEW YORK) — Truck drivers delivering Bud Light have received the middle finger from passersby, distributors have faced intentional collisions from shopping carts as they drop off beer and vendors have endured homophobic jokes calling them “gay beer salesmen,” according to top officials at several beer distribution companies. While Anheuser-Busch InBev weathers a consumer boycott […]

Andrew Harrer/Bloomberg via Getty Images (NEW YORK) — Ahead of the slate of blockbuster films hitting theaters this summer, MoviePass is back with a new plan that could help moviegoers save money at the box office. “We’re really excited to be able to let everybody in,” MoviePass CEO Stacy Spikes told Good Morning America. The […]

(NEW YORK) — Some car companies like Tesla are doing away with AM radio functions due to their possible interference with new electric engines. Ford recently was put on the hot seat after it announced that its 2024 vehicles would no longer have the function. ABC News’ “Start Here” spoke with ABC News entertainment reporter Jason […]

(WASHINGTON) — The Federal Trade Commission is investigating infant formula makers, including Abbott Laboratories, to determine whether the companies colluded as they bid to secure profitable state contracts, according to a filing by the agency. The agency is looking into whether companies “engaged in collusion or coordination with any other market participant regarding the bidding for […]

Christopher Dilts/Bloomberg via Getty Images (NEW YORK) — National retailer Target announced Tuesday it is pulling some of its Pride-themed merchandise from store displays and shelves following threats to store employees. The move comes just one week before Pride Month kicks off on June 1 and about three weeks after Target first began rolling out […]

(NEW YORK) — The U.S. could breach the debt ceiling as soon as next week, plunging the stock market by nearly half if a protracted default ensues, according to a White House projection. Stock investors, however, don’t seem worried — at least for now. All of the major stock indices have inched upward over the […]