KVSP Business
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Brandon Bell/Getty Images (LOS ANGELES) — With the minimum wage in California increasing to $20 an hour for fast food workers in 2024, some Pizza Hut franchisees say they’re preparing to eliminate jobs as well as delivery options for customers. As first reported by ABC News Los Angeles station KABC, two major Pizza Hut franchisees […]
Carol Yepes/Getty Images (NEW YORK) — Amazon will begin displaying advertisements in movies and TV shows on its Prime Video streaming service next month, the company said in an email to subscribers this week viewed by ABC News. Customers will be offered an ad-free alternative for an additional $2.99 per month, the company added. “This […]
lechatnoir/Getty Images (NEW YORK) — Consumer spending grew solidly this holiday season, rebuking concerns of a slowdown and reinforcing positive signals about the U.S. economy as it approaches the end of a tumultuous year. Buying among shoppers rose 3.1% over the holidays compared to the same period last year, according to data released on Tuesday […]
ArtistGNDphotography/Getty Images (NEW YORK) — Greg Iwinski, a late-night TV writer, walked off the job this year amid a dramatic surge of workers going out on strike — and he says the trend made its presence felt at the bargaining table. “The ammunition that a company has, whether it’s an automaker or a TV studio, […]
Chris Sattlberger/Getty Images (NEW YORK) — Inflation is falling toward normal levels, according to fresh data released Friday from the Federal Reserve’s preferred measure, the Personal Consumption Expenditures price index. The information is the latest in a string of good news for price increases, but a major disruption of global trade could threaten that progress, […]
Forever Stamp display at Costco, Queens, New York on March 1, 2023. UCG/Universal Images Group via Getty Images, FILE (NEW YORK) — While we welcome the new year, we’ll also be welcoming an increase in the cost of mailing letters and packages. Starting Jan. 21, the U.S. Postal Service will increase stamp prices from 66 […]
Wells Fargo logo is seen on the building in Los Angeles, United States. Credit: NurPhoto/Getty Images (NEW YORK) — Workers at a Wells Fargo branch in New Mexico voted to form a union late Wednesday, becoming the first employees at a U.S. megabank to unionize. Employees at an Albuquerque location favored unionization by a margin […]
Boxes of General Mills cereal are displayed on a grocery store shelf on Dec. 20, 2023 in San Anselmo, Calif. (Justin Sullivan/Getty Images) (NEW YORK) — Breakfast foods maker General Mills, the brand behind familiar cereals like Cheerios, Lucky Charms and Wheaties, may not be a consumer favorite anymore as the company experiences slowing sales […]
Westend61/Getty Images (NEW YORK) — Drugstore chain Rite Aid has accepted a ban of its use of facial recognition software for five years due to false accusations stemming from the technology that disproportionately affected people of color, the Federal Trade Commission said. The retailer failed to impose reasonable precautions in its deployment of facial recognition, […]
ivanastar/Getty Images (NEW YORK) — The famously “closed on Sundays” chicken sandwich fast-food chain could soon be required to fire up the fryers and serve hungry travelers in some locations. The New York State Assembly has put forth a new bill, known as the Rest Stop Restaurant Act, that would require food and beverage companies […]
