Business News
Walmart US CEO talks inflation, self-checkout, and paying six-figures to non-college degree workers
(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 for high-paying corporate jobs at the company.Currently, 75% of Walmart’s salaried managers began as hourly associates. High-performing Walmart…
No cuts: Proposed bill could change skipping the security line at the airport
(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.An annual CLEAR membership that costs $189 allows travelers to skip the onerous security lines and instead verify their…
Venice implements new access fees for day-trippers: What to know about the new system
(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 that get flooded with tourists, especially at historical hotspots during the high season,…
Airlines required to refund passengers for canceled, delayed flights
(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…
What to know for booking summer travel: Expert tips on airfare, destinations and more
(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…
Superfakes: Copycat manufacturers are becoming increasingly skilled at producing knock-off designer handbags
(NEW YORK) -- Counterfeit luxury handbags have become a social media phenomenon. Instead of cheaply made knockoffs, the latest crop of counterfeit handbags, known as "superfakes," looks very similar to the authentic luxury item.As high-end luxury brands including Hermes, Chanel, and Prada have boosted their prices in recent years, many…
Are lab-grown diamonds as sustainable as advertised?
(NEW YORK) -- The natural diamond industry has been fueled by a glittering marketing strategy for decades, but is the sustainability of modern, lab-grown diamonds as clear-cut as consumers believe?Since De Beers Group's 1940s "a diamond is forever" advertising campaign, dubbed by Advertising Age as the "slogan of the 20th…
Corporations struggle on climate goals amid backlash over ‘woke capitalism,’ experts say
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…
Volkswagen workers in Tennessee have voted to join UAW, union says
(CHATTANOOGA, Tenn.) -- In a seismic union election Friday evening, Volkswagen workers in Chattanooga, Tennessee, voted to join the United Auto Workers Union.The workers voted 2,628 to 985 for union representation, according to a spokesperson for the National Labor Relations Board."There were seven challenged ballots that won’t be counted, because…
UAW vote at Tennessee plant will test resurgent labor movement
(NEW YORK) -- Carmakers and labor leaders are closely watching for results to be released on Friday in a seismic union election that could supercharge organizing in the nation’s auto sector and demonstrate the strength of a resurgent labor movement through a victory in the South, a region typically resistant…