KVSP Business
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JohnFScott/Getty Images (NEW YORK) — Starbucks shares have plummeted more than 17% in value since the company revealed a sales slump in an earnings report last week. “The brand is incredibly resilient, but it’s clearly not business as usual,” former CEO Howard Schultz said in a post on LinkedIn on Sunday. The coffee giant is […]
Javier Ghersi/Getty Images (NEW YORK) — At the start of 2024, the economy appeared to deliver just about everything President Joe Biden could want: falling inflation, robust growth and a forecast of interest rate cuts at the Federal Reserve that might send economic output even higher. Since then, however, the sunny outlook has darkened. Inflation […]
5./15 WEST/Getty Images (NEW YORK) — Young adults and frequent users push back against the federal government forcing a sale of TikTok or banning the social media app in the United States, but older adults, infrequent users and nonusers are on board, resulting in a tilt toward support for action, according to a new ABC […]
David Madison/Getty Images (WASHINGTON) — Boeing officially locked out its unionized firefighters in Washington after the firefighter’s union failed to come to an agreement with the company after two-and-a-half months of negotiations, primarily over pay. This is the first time in over four decades that a group of firefighters have been on a lock out […]
Catherine Falls Commercial/Getty Images (NEW YORK) — A worse-than-expected jobs report on Friday offered the latest evidence of an economic slowdown that could help ease inflation and trigger interest rate cuts. The trend, however, threatens to downshift the nation’s brisk economic growth. Employers hired 175,000 workers last month, falling short of economist expectations of 240,000 […]
A person golfs on the first day of tourism resuming in west Maui, two months after a devastating wildfire, on Oct. 08, 2023 near Lahaina, Hawaii. Mario Tama/Getty Images, FILE (HONOLULU) — Hawaii Gov. Josh Green signed a bill into law to give counties more authority to regulate short-term vacation rentals amid the ongoing state […]
Tetra Images/Getty Images (NEW YORK) — For months, the Federal Reserve has forecasted interest rate cuts that would deliver much-needed relief for Americans burdened by high mortgage and credit card loans. At a press conference this week, however, Fed Chair Jerome Powell cast doubt on whether those rate cuts would arrive after all, saying the […]
Hill Street Studios/Getty Images (NEW YORK) — Ahead of the upcoming election in November, the popular ride-sharing service Lyft announced a partnership that its CEO said he hopes continues the company’s mission to bring more people — especially younger voters — to the polls. Lyft CEO David Risher told ABC News in an interview that […]
Nikolas Kokovlis/NurPhoto via Getty Images (NEW YORK) — Looking for a unique vacation destination? Airbnb is offering customers an opportunity to stay in famous homes and places such as a re-creation of the Up house from Pixar’s 2009 animated movie. Photos show the Up house, home to the fictional Carl Fredricksen and his late wife […]
Tetra Images/Getty Images (NEW YORK) — Tipping has seen a shift, especially compared to pre-pandemic, when the cost of food and everything else was lower, but one man’s recent experience that went viral on social media has sparked new questions around gratuities. Mark O’Brien shared a video on Instagram showing an electronic screen that displayed […]
