KVSP Business
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Noel Hendrickson/Getty Images (NEW YORK) — Consumer prices rose 3.1% in January compared to a year ago, slowing markedly from the previous month but missing expectations of an even larger cooldown, a report from the Bureau of Labor Statistics released on Tuesday showed. Still, the falling inflation offered welcome news for the Federal Reserve as […]
Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Super Bowl viewers could hardly miss an ad blitz from e-commerce company Temu promising low prices that allow customers to “shop like a billionaire.” The company’s app vaulted to second place among the most downloaded free apps on Apple devices, Apple rankings showed Monday. The platform sells […]
Ditto/Getty Images (NEW YORK) — Honda and Acura recalled a combined 750,000 cars this week over an airbag defect, becoming the latest in a series of recalls this year that has touched carmakers from Tesla to Ford. The near-daily headlines warning of a recall amount to more than an eye-catching coincidence. Car recalls have surged […]
Tierney L. Cross/Bloomberg via Getty Images (WASHINGTON) — Senators grilled chief executives from three top pharmaceutical companies over prescription drug prices during an hourslong committee hearing Thursday on Capitol Hill. Members of both major political parties bemoaned drug prices they consider too high, but liberals and conservatives revealed differences in their views of the role played […]
Anton Petrus/Getty Images (NEW YORK) — The U.S. economy shattered expectations in recent weeks, extending a run of overachievement that has quieted some of the most skeptical economists. Americans, however, remain sour. Less than 3 in 10 adults rate current economic conditions as “excellent” or “good,” a Pew survey last month found. The dynamic holds […]
Google Headquarters is seen in Mountain View, California, United States on May 15, 2023. (Tayfun Coskun/Anadolu Agency via Getty Images) (NEW YORK) — Google announced Thursday that it is joining a coalition of companies dedicated to helping increase transparency around artificial intelligence and digital content. As examples of AI-generated content continue to make headlines — […]
Witthaya Prasongsin/Getty Images (NEW YORK) — Many Americans have put off buying a new sport utility vehicle or truck because of steep prices and high interest rates. Now, however, may be the right time to upgrade that older model, industry watchers say. “2024 is probably the best year since the pandemic to buy a new […]
ABC News (NEW YORK) — Homeland Security Investigations is cracking down on counterfeit goods before Super Bowl LVIII, a top HSI official told ABC News. “We’re looking at folks, criminal organizations who are taking advantage of large-scale sporting events,” Jim Mancuso, head of the Homeland Security Investigations National Intellectual Property Rights Coordination (IPR) Center said. […]
IronHeart/Getty Images (NEW YORK) — Americans’ credit card balances climbed to a new record high $1.13 trillion, according to data released Tuesday by the Federal Reserve Bank of New York. Credit card debt increased by $50 billion in the fourth quarter of 2023 alone, a 4.6% jump from the previous quarter. The data on credit […]
Igor Golovniov/SOPA Images/LightRocket via Getty Images) (NEW YORK) — ESPN, Warner Discovery and Fox Sports announced Tuesday that they will partner to create a massive new streaming network dedicated to sports. ESPN is owned by the Walt Disney Company, the parent company of ABC News. This is a developing story. Please check back for updates. […]
