KVSP Business
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d3sign/Getty Images (NEW YORK) — With tax season set to kick off next week, the IRS is launching a new initiative to redesign and simplify common tax documents. The changes will eventually apply to around 170 million letters that are sent out to individual taxpayers every year. The notices, for example, remind taxpayers of how […]
Isabel Pavia/Getty Images (NEW YORK) — A children’s clothing brand is facing criticism for the way it handled one employee’s request to work remotely while her newborn son was treated in the neonatal intensive care unit. The controversy erupted into public view last week when Ying Liu, the founder and CEO of Kyte Baby, a […]
d3sign/Getty Images (NEW YORK) — TikTok users are loud and proud, not just about their dance moves and style choices, but also when it comes to budgeting. The recent #loudbudgeting trend, which has racked up nearly 10 million views and counting, is all about sharing your savings goals and shouting it from the proverbial rooftops, […]
d3sign/Getty Images, FILE (NEW YORK) — The Dow Jones Industrial Average closed above 38,000 for the first time ever on Monday, setting a record high and capping a steady rise that stretches back to last week. The S&P 500 also reached a record high, closing at about 4,850. The major stock indexes kicked off the […]
Gary Hershorn/Getty Images (NEW YORK) — Microsoft revealed Friday that some of its corporate email accounts were hacked by a Russian-backed group. The tech company said in a blog post that its security team detected the attack on Jan. 12 and quickly identified the group responsible: Midnight Blizzard, “the Russian state-sponsored actor also known as […]
Marko Geber/Getty Images (NEW YORK) — Sports Illustrated employees were notified on Friday that their jobs were being terminated. The Sports Illustrated union posted on X: “This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group (previously The Maven) stewardship. We are calling on ABG to […]
Tony Anderson/Getty Images (NEW YORK) — The U.S. Postal Service will increase stamp prices starting Sunday, a USPS representative confirmed to “Good Morning America.” The cost of first-class stamps will rise from 66 cents to 68 cents for letters weighing one ounce or less. Package shipping costs will also increase by nearly six percent, with […]
Adam Gault/Getty Images (NEW YORK) — U.S. credit card debt has soared over the last couple of years and recently it reached a major milestone. Americans’ combined credit card balances topped $1 trillion dollars last year, according to the Federal Reserve Bank of New York. By comparison, combined credit card balances were $680 billion a […]
Bridget Bennett/Bloomberg via Getty Images (NEW YORK) — Big Tech companies laid off hundreds of employees in recent days, commanding headlines and confronting workers across the economy with a question: Am I next? Amazon and Google each imposed cuts, with Apple shutting down a 121-person team in San Diego, Calif., telling workers they must either […]
Douglas Sacha/Getty Images (NEW YORK) — U.S. economic activity changed little in recent weeks as hiring stalled, prices grew modestly and the private sector feared uncertainty tied to the 2024 election, a Federal Reserve report released on Wednesday showed. A rosy outlook nevertheless pervaded the findings, since industry officials anticipated interest rate cuts this year, […]
