KVSP Business
Joe Buglewicz/Getty Images (New York) — Conspiracy theorist Alex Jones accused The Onion and Sandy Hook Elementary School families of “collusive bidding” and asked a bankruptcy court judge to halt the sale of his Infowars platform. Jones, who defamed the Sandy Hook families by calling the 2012 massacre a hoax and the parents of the […]
Grace Cary/Getty Images (NEW YORK) — President-elect Donald Trump sharply criticized the rising price of groceries throughout his campaign, even delivering an address outside his New Jersey home in August alongside a table covered with cereal boxes, coffee grounds and ketchup. A wave of consumer discontent appears to have helped lift him back into the […]
Grace Cary/Getty Images (NEW YORK) — President-elect Donald Trump sharply criticized the rising price of groceries throughout his campaign, even delivering an address outside his New Jersey home in August alongside a table covered with cereal boxes, coffee grounds and ketchup. A wave of consumer discontent appears to have helped lift him back into the […]
Kent Nishimura/Getty Images (NEW YORK) — Americans’ credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week. Credit card debt climbed $24 billion over a three-month stretch ending in September, soaring to a level 8% higher than where it stood a year ago, the […]
Karl Tapales/Getty Images (WASHINGTON) — Social media platform TikTok is hurtling toward a U.S. ban that could upend its business and frustrate more than 150 million American users — unless President-elect Donald Trump finds a way to reverse the policy. Trump, who boasts 14 million followers on TikTok, voiced opposition to the ban earlier this […]
Hispanolistic via Getty Images (WASHINGTON) — The U.S. government is set to release new inflation data on Wednesday, offering a fresh look at price increases little more than a week after the issue appeared to help former President Donald Trump win re-election. Inflation has cooled dramatically since a peak of 9% attained in 2022, now […]
Karl Tapales/Getty Images (NEW YORK) — Shares in Donald Trump’s social media company spiked after the president-elect again vowed not to sell his stake in the parent company of Truth Social and called for an investigation into “market manipulators or short sellers.” Trump Media’s stock price increased by nearly 16 percent to $32 per share […]
Noel Hendrickson/Getty Images (NEW YORK) — A surging stock market, low unemployment and robust growth — by just about every measure, the economy stood poised to deliver victory for Vice President Kamala Harris. The exception, of course, was inflation, and it appears to have overshadowed other indicators. More than two-thirds of voters say the economy […]
Anna Moneymaker/Getty Images (WASHINGTON) — The Federal Reserve on Thursday will announce its latest decision on the direction of interest rates, setting the path for borrowing costs just two days after the victory of President-Elect Donald Trump. The Fed cut its benchmark interest rate a half of a percentage point in September, dialing back its […]
Richard A. Brooks via Getty Images (WASHINGTON) — As former President Donald Trump declared victory in the U.S. presidential election early Wednesday, shares of his media company, Trump Media & Technology, surged about 34% to about $45.49 in pre-market trading. With U.S. markets yet to open, early indicators appeared to show Wall Street’s bullish view […]
