KVSP Business
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Chip Somodevilla/Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell said on Tuesday he would not rule out a potential interest rate cut as soon as this month. The remarks come amid a public pressure campaign from President Donald Trump, who has repeatedly urged Powell to slash interest rates. When asked on Tuesday about a possible interest rate cut […]
Costfoto/NurPhoto via Getty Images (NEW YORK) — The United States dollar is suffering its worst start to a year in more than five decades, likely triggering a price hike for some everyday items and a jump in expenses faced by travelers abroad, some analysts told ABC News. The greenback has fallen more than 10% in […]
Narisara Nami/Getty Images (NEW YORK) — Hiring surged in June as businesses navigated uncertainty surrounding President Donald Trump’s tariffs, federal government data on Thursday showed. The reading exceeded economists’ expectations. The U.S. added 147,000 jobs in June, according to data from the U.S. Bureau of Labor Statistics. That figure showed a slight increase from 139,000 […]
Ben Hasty/MediaNews Group/Reading Eagle via Getty Images (NEW YORK) — Gas prices are hovering near their lowest summer level in four years as millions of people ready themselves to hit the roads over the Fourth of July holiday weekend. The national average for a gallon of gas on Thursday stood at $3.16, which amounts to a nearly 10% […]
Chip Somodevilla/Getty Images (WASHINGTON) — President Donald Trump on Monday will sign an executive order delaying steep levies on dozens of countries that were set to take effect on Wednesday, the White House said. Trump’s so-called reciprocal tariffs will now take effect on Aug. 1, White House press secretary Karoline Leavitt told reporters. Minutes earlier, […]
Andrew Caballero-Reynolds/AFP via Getty Images (WASHINGTON) — Stocks closed down significantly on Monday after President Donald Trump announced steep tariffs on seven countries and threatened to impose new levies on others. The Dow Jones Industrial Average closed down 422 points, or 0.9%, while the S&P 500 dropped 0.7%. The tech-heavy Nasdaq declined 0.9%. Tesla, the electric-vehicle company led by […]
Andrew Brookes/Getty Images (NEW YORK) — The stock market defied expectations with a strong performance over the first half of 2024. But the success poses a key question for investors: Is there room for stocks to go even higher? The S&P 500 climbed nearly 15% over the first six months of the year. The Dow […]
Scott Olson/Getty Images (WASHINGTON) — The Department of Justice is preparing to present the Boeing Company a plea deal that would again allow the aerospace giant to avoid a trial over an alleged conspiracy to defraud the United States, according to attorneys for families of victims of two fatal Boeing 737 Max crashes who were […]
David Berding/Getty Images (WASHINGTON) — Some of the nation’s top business and labor leaders voiced alarm in the hours following the presidential debate on Thursday night, as some raised concern about President Joe Biden’s age and others questioned former President Donald Trump’s fitness for office. Prominent figures who already held misgivings about Biden seized on […]
Taco Bell (NEW YORK) — Wendy’s has long offered a $5 meal deal, but newcomers like McDonald’s and Burger King have prompted an influx of fast food companies vying for customers’ attention and appetites. Now, Taco Bell is the latest chain bringing more affordability to the table. The California-based Mexican-inspired fast-food chain announced the launch […]
