KVSP Business
President Donald Trump speaks to Treasury Secretary Scott Bessent while watching the men’s singles finals U.S. Open, September 7, 2025 in New York City. (Kevin Dietsch/Getty Images) (NEW YORK) — Consumer prices rose 2.9% in August compared to a year ago, marking an uptick in price increases as President Donald Trump’s tariff policy intensified. The […]
lvcandy/Getty Images (NEW YORK) — Wholesale prices unexpectedly dropped in August, clocking in lower than economists expected and defying concerns about a tariff-induced spike in costs suffered by suppliers. Producer prices fell 0.1% in August, rolling back some of a sharp increase in wholesale prices that took hold in the previous month, the U.S. Bureau of Labor Statistics said […]
Marko Geber/Getty Images (NEW YORK) — U.S. employers added far fewer jobs in 2024 and early 2025 than previously thought, indicating the labor market may have been significantly weaker than initial estimates had suggested. The U.S. economy added 911,000 fewer jobs over the 12 months ending in March than previously estimated, the U.S. Bureau of […]
Treasury Secretary Scott Bessent speaks alongside President Donald Trump during a press availability in the Oval Office of the White House, Sept. 5, 2025. (Kevin Dietsch/Getty Images) (NEW YORK) — Employers in nearly every industry have cut back on hiring, according to the latest data, leaving job seekers with fewer places to turn. A recent […]
Narisara Nami/Getty Images (WASHINGTON) — Fresh jobs data on Friday showed a continued hiring slowdown in the first such release since a dismal jobs report last month prompted President Donald Trump to fire the top official tasked with compiling labor statistics. The reading fell well short of economists’ expectations. The U.S. added 22,000 jobs in August, according to data […]
A 500 gram gold bar is seen in a gold shop window on April 17, 2025 in Istanbul, Turkey. Chris McGrath/Getty Images (NEW YORK) — The price of gold topped $3,500 per ounce for the first time ever on Tuesday, reaching toward new record highs as trading stretched into midday. Gold prices have soared 35% so far […]
Chip Somodevilla/Getty Images (WASHINGTON) — A tariff loophole for low-cost shipments helped fuel an explosion of U.S. consumers purchasing shoes, sunglasses and a host of other items directly from sellers overseas. The Trump administration closed that exemption on Friday, bringing the era of duty-free online buying to an end. President Donald Trump closed what’s known […]
Drew Angerer/Getty Images (WASHINGTON) — Federal Reserve Governor Lisa Cook sued President Donald Trump on Thursday over his move to fire her, saying she should retain her position as a top policymaker at the central bank. The lawsuit, filed in U.S. District Court for the District of Columbia, describes Trump’s effort as “illegal and unprecedented,” […]
Co-founder and chief executive officer of Nvidia Corp., Jensen Huang attends the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. (Chesnot/Getty Images, FILE) (NEW YORK) — Chip giant Nvidia delivered more revenue than expected over a recent three-month period, the […]
Co-founder and chief executive officer of Nvidia Corp., Jensen Huang attends the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. (Chesnot/Getty Images, FILE) (NEW YORK) — An earnings report to be released by chip giant Nvidia on Wednesday will offer […]
