KVSP Business
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A worker hands food to a customer at the drive-thru window of a Burger King fast food restaurant in Hialeah, Florida, April 18, 2024. Eva Marie Uzcategui/Bloomberg via Getty Images (NEW YORK) — Burger King is throwing its crown into the summer savings fast food ring as customers continue to voice frustrations over high costs […]
Tom Merton/Getty Images (WASHINGTON) — The Biden administration announced this week that it is releasing 1 million barrels of gasoline from a Northeast reserve in an effort to reduce prices when drivers hit the road this summer. The gasoline will be sold in 100,000-barrel tranches over a six-week stretch between Memorial Day and July 4, […]
In this April 17, 2024, file photo, the Live Nation website is shown on a laptop in New York. (Bloomberg via Getty Images) (WASHINGTON) — The Justice Department and dozens of state and district attorneys general filed a major antitrust lawsuit Thursday seeking the breakup of Ticketmaster owner Live Nation Entertainment over what they allege […]
ermingut/Getty Images (NEW YORK) — For more than three years, rapid inflation has frustrated shoppers scanning store shelves for deals. But a host of prominent companies are finally delivering relief. Target, Ikea, Aldi, McDonald’s and Wendy’s are among several well-known brands that have announced lower prices in recent weeks. “We know consumers are feeling pressured […]
In this April 17, 2024, file photo, the Live Nation website is shown on a laptop in New York. (Bloomberg via Getty Images) (WASHINGTON) — The Justice Department and 30 states filed a major antitrust lawsuit Thursday seeking the breakup of Ticketmaster owner Live Nation Entertainment over what they allege is the company’s unlawful dominance […]
The Ting family spoke to ABC News about their generational store Ting’s Gift Shop in Chinatown. (ABC News) (NEW YORK) — Ting’s Gift Shop in New York City’s bustling Chinatown has shuttered after 66 years in business. The family-run novelty shop, which is situated at the corner of Doyers and Pell streets and distinguished by […]
ABC News (NEW YORK) — As inflation continues to worry Americans, Aldi CEO Jason Hart said the discount grocery chain is focused on keeping grocery prices low as the summer season heats up. Hart joined ABC News’ Good Morning America live Thursday to discuss the summer grocery outlook ahead of Memorial Day. “We don’t really […]
The Federal Deposit Insurance Corp. (FDIC) headquarters in Washington, D.C., May 20, 2024. (Al Drago/Bloomberg via Getty Images) (WASHINGTON) — The head of the Federal Deposit Insurance Corporation said this week that he would leave his role in the aftermath of a probe that documented widespread allegations of sexual harassment and discrimination at the federal […]
In this April 17, 2024, file photo, the Live Nation website is shown on a laptop in New York. (Bloomberg via Getty Images) (WASHINGTON) — The Justice Department and a group of state attorneys general are expected to announce an antitrust lawsuit against Live Nation as soon as Thursday over Ticketmaster’s dominance over the concert […]
RapidEye/Getty Images (NEW YORK) — Red Lobster has voluntarily filed for Chapter 11 bankruptcy, according to a recent press release shared with ABC News. The largest seafood chain in the U.S., home to Cheddar Bay biscuits, Lobsterfest, Ultimate Endless Shrimp and more, filed the legal action on May 19 in the U.S. Bankruptcy Court for […]
