KVSP Business
aire images/Getty Images (NEW YORK) — People haven’t only been filling their plates this Thanksgiving weekend — it also seems they’ve been filling their online shopping carts. Black Friday online shopping this year is on pace to break a record with between $10.7 billion and $11 billion in sales, according to Adobe Analytics, which tracks […]
Krisztian Bocsi/Bloomberg via Getty Images (BERLIN) — Workers for the largest online retailer in the world are planning to go on strike during one of the busiest shopping weekends of the holiday season. Amazon employees are preparing to protest in 20 countries, including in major cities in the United States, Germany, the United Kingdom, Japan […]
Chris Unger/Zuffa LLC (WASHINGTON) — Tariff threats voiced by President-elect Donald Trump this week rippled through global stocks and triggered warnings from U.S. retail executives about the risk of higher prices. Former President George W. Bush, who congratulated Trump a day after the election, has not commented on Trump’s remarks, in keeping with a low public profile. As recently as 2021, […]
Michael M. Santiago/Getty Images (NEW YORK) — The Dow Jones Industrial Average closed at a record high on Tuesday, achieving the milestone less than 24 hours after a tariff pledge from President-elect Donald Trump sparked fears of a panic in the stock market. The S&P 500 also closed at a record high, surging about 0.55% on Tuesday […]
Houston Cofield/Bloomberg via Getty Images (NEW YORK) — In a letter to shareholders, Warren Buffett revealed that he would be donating more than $1.1 billion of Berkshire Hathaway stock to four of his family’s foundations. In addition, he detailed plans for distributing his wealth after his death. Buffett, the CEO and Chairman of Berkshire Hathaway, reflected […]
Marc Piasecki/Getty Images (NEW YORK) — Tech billionaire Elon Musk, who has vowed to dismantle thousands of federal regulations as the co-head of a new Department of Government Efficiency, or DOGE, says the nation’s financial security depends on it. The U.S. risks “strangulation by regulation” as it hurtles toward “bankruptcy super fast,” Musk said in a pair of posts on X this […]
Joe Raedle/Getty Images (NEW YORK) — Walmart, the world’s largest retailer, is rolling back its diversity, equity and inclusion policies. This brings it in line with several major corporations that have reviewed their operational practices after facing considerable pressure from conservatives. No longer considering race and gender as a way to increase diversity when it […]
Gary Hershorn/Getty Images (NEW YORK) — Throughout the country, once bustling business districts have turned into ghost towns. The pandemic has shown that many jobs can be done remotely. Now some major U.S. cities are breathing new life into empty office buildings by converting them into housing. Notable cities that are part of this trend […]
Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Tech billionaire Elon Musk has kept busy since Election Day, advising President-elect Donald Trump and receiving an appointment to co-lead a new government efficiency commission. Musk has also found time to promote Trump in scores of posts on the social media platform X, formerly Twitter, which he […]
J. David Ake/Getty Images (NEW YORK) — If you are nearing retirement, you will soon be able to stash even more money into your nest egg — if you can afford it. The Internal Revenue Service announced that the maximum amount individuals can contribute to their 401(k) or similar plans in 2025 will increase to […]
