KVSP Business
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VCG/VCG via Getty Images (WASHINGTON) — AI chipmakers Nvidia and Advanced Micro Devices struck an extraordinary accord to pay the United States government 15% of the revenue the two companies are set to make from products sold in China, a White House official confirmed to ABC News. In exchange for the payment, the Trump administration […]
Matteo Colombo/Getty Images (NEW YORK) — Weak jobs data came out hours before President Donald Trump fired the head of labor statistics. A report on gross domestic product indicated a slowdown of growth over the first half of the year. A sweeping round of tariffs hit nearly 70 countries. These events — all since last […]
Andrew Harnik/Getty Images (NEW YORK) — OpenAI on Thursday released GPT-5, unveiling a new version of the artificial intelligence model that fuels popular chatbot ChatGPT. The product will be made immediately available to users, including customers who use the company’s cost-free options, OpenAI said. The announcement comes days after the company said ChatGPT is set […]
Justin Sullivan/Getty Images (WASHINGTON) — President Donald Trump called on the CEO of Intel, Lip-Bu Tan, to resign “immediately.” “The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!” the president wrote on his social media platform. Trump […]
Chip Somodevilla/Getty Images (WASHINGTON) — President Donald Trump’s sweeping new tariffs finally took effect on Thursday, slapping levies on dozens of countries and risking price increases for a host of everyday goods. Tariffs between 10% and 41% were applied to nearly 70 countries beginning at 12:01 a.m. Thursday, significantly expanding the reach of Trump’s confrontational […]
Anthony Devlin/Getty Images (MIAMI) — ABC began broadcasting with a new local affiliate in Miami on Monday, just months after Disney Entertainment struck an agreement with Sunbeam Television Corporation. Under the deal established in March, ABC Miami will broadcast ABC’s national sports, news and entertainment programming over-the-air on Channel 7.2 in the Miami-Fort Lauderdale television […]
Jon Hobley | MI News/NurPhoto via Getty Images (ST. LOUIS) — About 3,200 union members at Boeing facilities in Michigan and Illinois went on strike at midnight on Monday after rejecting an contract offer from the company, the union said. Local members of the International Association of Machinists and Aerospace Workers, who build and maintain […]
Anna Moneymaker/Getty Images (NEW YORK) — Hiring slowed in July as President Donald Trump’s tariffs pinched the balance sheets of some major companies and reshaped the nation’s trade relationships. The reading fell short of economists’ expectations. The U.S. added 73,000 jobs in July, according to data from the U.S. Bureau of Labor Statistics, or BLS. That figured […]
Spencer Platt/Getty Images (NEW YORK) — U.S. stocks tumbled in early trading on Friday, just hours after President Donald Trump signed an executive order slapping new tariffs on dozens of countries. A weak jobs report worsened investor jitters, revealing a slowdown of hiring over recent months as Trump’s previous tariffs took hold. The Dow Jones Industrial Average dropped 615 […]
Anna Moneymaker/Getty Images (NEW YORK) — Hiring slowed in July as President Donald Trump’s tariffs pinched the balance sheets of some major companies and reshaped the nation’s trade relationships. The reading fell short of economists’ expectations. The U.S. added 73,000 jobs in July, according to data from the U.S. Bureau of Labor Statistics, or BLS. That figured […]
