Business News

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" results and said they are "evaluating options to enhance our Customer Experience" which he said includes […]

(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 managers at the store’s Supercenters now have the ability to earn more than $400,000 a year, which includes a new […]

(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 identity with biometric data at a kiosk, then get escorted by an agent to the front of the line bypassing […]

(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, have used tourist taxes to help raise revenue without taxing local citizens.Now, the city of bridges is following in the […]

(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 six hours for international flights, the agency said. This includes tickets purchased directly from airlines, travel agents and […]

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 said.The DOT will also require airlines to give cash refunds if your bags are lost and […]

(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 News' Good Morning America.Earlier this month while reporting quarterly earnings, Delta Airlines CEO Ed Bastian projected "record advance bookings […]

(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 consumers turned to deceivingly high-quality replicas for a fraction of the price.The precision and attention to detail put into making […]

(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 century" in 1999, the natural diamond industry exploded into a multi-billion-dollar industry and cemented itself into modern culture."Diamonds are very […]