KVSP Business
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Chris Unger/Zuffa LLC via Getty Images (WASHINGTON) — The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at the central bank’s last meeting before President-elect Donald Trump takes office next month. The central bank predicted fewer rate cuts next year than it had previously indicated, […]
Chesnot/Getty Images (NEW YORK) — The price of bitcoin topped $107,000 for the first time this week, climbing to a fresh high days after President-elect Donald Trump reaffirmed support for a U.S. bitcoin strategic reserve akin to its strategic oil reserve. The world’s largest cryptocurrency has seen its price climb more than 50% since the […]
Asanka Ratnayake/Getty Images (NEW YORK) — The federal appeals court that last week rejected TikTok’s attempt to overthrow its pending ban denied the company’s request Friday that sought to pause the ruling and the Jan. 19 deadline for a sale. The company, which has been forced by a federal law to sell to a new […]
Stefani Reynolds/Bloomberg via Getty Images (WASHINGTON) — A fresh inflation reading this week flashed a warning: Price increases are rising again, just when the Federal Reserve had appeared close to declaring “mission accomplished” in its yearslong fight to lower them. In theory, the trend would prompt the Fed to raise rates, or at least hold them steady, when central […]
DigitalVision/Getty Images (NEW YORK) — Multiple “Wanted” signs featuring corporate executives posted in Manhattan this week included a grave warning, according to a New York Police Department bulletin. “Brian Thompson was denied his claim to life. Who will be denied next?” the signs said. The threats of violence against CEOs followed an outpouring of criticism […]
Mark Felix/Bloomberg via Getty Images (WASHINGTON) — Albertsons has filed a lawsuit against its rival Kroger following a failed multibillion dollar deal that would have marked the biggest supermarket merger in U.S. history. Two federal judges in Oregon and Washington blocked the merger Tuesday, siding with the Federal Trade Commission, which has opposed the plan, arguing it […]
Tang Ming Tung via Getty Images (WASHINGTON) — Consumer prices rose 2.7% in November compared to a year ago, ticking upward from the previous month and potentially giving pause to the Federal Reserve as it weighs an interest rate cut expected next week. The reading matched economists’ expectations. The fresh data marked two consecutive months […]
Drew Angerer/Getty Images (NEW YORK) — A bankruptcy judge rejected the sale of Infowars to The Onion, conspiracy theorist Alex Jones said during his podcast on Tuesday. “We are deeply disappointed in today’s decision but The Onion will continue to seek a resolution that helps the Sandy Hook families receive a positive outcome for the […]
Tang Ming Tung via Getty Images (WASHINGTON) — Fresh inflation data set for release on Wednesday will provide an update on prices ahead of the holidays and help determine the outcome of an interest rate decision at the Federal Reserve slated for next week. A monthslong slowdown of inflation came to an end when price […]
Jaque Silva/NurPhoto via Getty Images (WASHINGTON) — TikTok on Monday requested the emergency pause of a law set to ban the popular social media app next month. A temporary lifting of the measure would afford the Supreme Court time to determine whether it should review the law, the company said in a court filing. The filling arrives days […]
