KVSP Business
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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 […]
ASON REDMOND/AFP via Getty Images (SEATTLE) — Tens of thousands of striking Boeing machinists are casting ballots on Monday over whether to approve a contract offer that could end their work stoppage after seven weeks. The new offer delivers higher pay increases and a bolstered ratification bonus that would deliver each worker $12,000 if the union approves the deal, […]
Via e U.S. Bureau of Labor Statistics (WASHINGTON) — U.S. hiring slowed in October, but fallout from hurricanes and labor strikes likely caused an undercount of the nation’s workers. A fresh jobs report marked the final piece of major economic data before Election Day. However, the data offers little more than a blurry snapshot of […]
Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — A newly filed lawsuit has accused Subway of “unfair and deceptive trade practices” and selling its steak-and-cheese sandwiches based on “false and misleading advertisements,” that the lawsuit claims show customers getting at least three times more meat than is actually in the product. The class-action complaint against […]
James Marshall via Getty Images (NEW YORK) — The U.S. economy grew at a robust pace over three months ending in September, slowing slightly from the previous quarter but continuing to dispel any concern about a possible slowdown. The fresh report marks one of the last major pieces of economic data before the presidential election. […]
JASON REDMOND/AFP via Getty Images (SEATTLE) — Boeing machinists overwhelmingly rejected a contract proposal this week, opting to extend a weekslong strike and send negotiators back to the bargaining table. Sixty-four percent of workers voted against the new contract, according to the International Association of Machinists and Aerospace Workers (IAM), the union representing 33,000 Boeing […]
David Ryder/Bloomberg via Getty Images (NEW YORK) — Tens of thousands of Boeing machinists on Wednesday will vote on a new contract proposal that could end a weekslong work stoppage against the embattled aerospace company. Workers overwhelmingly rejected a previous offer last month, putting the outcome of the impending vote in doubt. Hours before workers were set to cast […]
Cadillac (NEW YORK) — General Motors is “very serious about making Cadillac a premium brand again,” Michael Simcoe — the company’s senior vice president of global design — told ABC News in an interview about the “engineering and design tour de force” that is the new Celestiq. The interview below has been edited for clarity. […]
