Business

Angus Mordant/Bloomberg via Getty Images (NEW YORK) — Southwest Airlines famously allows passengers to select their own seats upon boarding, but the low fare carrier could be changing course. Earlier this week, after the Dallas-based carrier reported a $231 million net loss from the first quarter of 2024, CEO Bob Jordan commented on the “disappointing” […]

Travelers use Clear Plus kiosks at San Francisco International Airport (SFO) in San Francisco, May 25, 2023. (David Paul Morris/Bloomberg via Getty Images) (NEW YORK) — California lawmakers have pushed forward a new piece of legislation aimed at changing the way third-party security screening companies like CLEAR help expedite customers through security at the airport. […]

In this Nov. 24, 2023, file photo, a Walmart store is shown on Black Friday, in Secaucus, New Jersey. (Bloomberg via Getty Images) (NEW YORK) — In an exclusive and far-reaching interview with ABC News, John Furner, president and CEO of Walmart U.S., talked about the retail giant’s push to hire more non-college degree workers […]

Tourists visit San Marco Square on April 24, 2024 in Venice, Italy. (Marco Bertorello/AFP via Getty Images) (NEW YORK) — Peak summer travel season is fast approaching, and some cities abroad have already implemented fees in an attempt to protect popular destinations from potential damage from increased tourism. Bustling European cities from Barcelona to Amsterdam […]

EllenMoran/Getty Images (NEW YORK) — Good news for airline travelers: the Department of Transportation on Wednesday announced it is rolling out new rules that will require airlines to automatically give cash refunds to passengers for canceled and significantly delayed flights. The delays covered would be more than three hours for domestic flights and more than […]

EllenMoran/Getty Images (NEW YORK) — The Department of Transportation on Wednesday is rolling out new rules that will require airlines to automatically give cash refunds to passengers for cancelled and significantly delayed flights. The delays covered would be more than three hours for domestic flights and more than six hours for international flights, the agency […]

Craig Hastings/Getty Images (NEW YORK) — As the surge of summer travel draws near, the race to book a great vacation is on. “If you’re looking to travel domestically within the U.S., I think you should be booking now for summer travel,” Clint Henderson, travel expert and managing editor of The Points Guy, told ABC […]

In this Feb. 1, 2006, file photo, an unidentified woman holds up a counterfeit Coach handbag in the back room of tourist shop in New York’s Chinatown. (Bloomberg via Getty Images) (NEW YORK) — Counterfeit luxury handbags have become a social media phenomenon. Instead of cheaply made knockoffs, the latest crop of counterfeit handbags, known […]

This photograph taken Feb. 6, 2024 shows a laboratory technician monitoring the progress of lab-grown diamond seeds at Greenlab Diamonds manufacturing firm on the outskirts of Surat. (Sam Panthaky/AFP via Getty Images) (NEW YORK) — The natural diamond industry has been fueled by a glittering marketing strategy for decades, but is the sustainability of modern, […]

ABC News Corporate America took notice four years ago when Larry Fink, CEO of investment giant BlackRock, declared climate change a top concern. “Climate risk is investment risk,” Fink wrote in an annual letter popular in C-suites. His latest letter, released last month, spans well over 100 paragraphs before the first mention of “climate.” Whereas […]