KVSP Business
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Kinga Krzeminska/Getty Images (NEW YORK) — A fresh report on consumer sentiment on Friday will show how shoppers digested a cascade of economic developments this month, including President Donald Trump’s firing of a top labor statistics official hours after the release of weak jobs data. The report, which details shopper attitudes in August, is set to arrive days […]
Stock image of stethoscope. ATU Images/Getty Images (NEW YORK) — The labor market slowed sharply this summer, leaving job applicants with fewer places to turn for a new position. Employers added an average of about 35,000 jobs over three months ending in July, which marks a major slowdown from roughly 128,000 jobs added monthly over the prior […]
Joe Raedle/Getty Images (WASHINGTON) — Consumer prices rose 2.7% in July compared to a year ago, clocking in lower than economists expected and holding steady from the previous month. The reading defied fears of further price increases as result of President Donald Trump’s tariffs. The inflation report is the first major data release from the […]
Joe Raedle/Getty Images (WASHINGTON) — Policymakers and business leaders will closely watch the release of inflation data on Tuesday, marking the latest look at price increases as the economy risks a tariff-induced rise of inflation. The inflation report is the first major data release from the U.S. Bureau of Labor Statistics (BLS) since Trump fired […]
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 […]
