KVSP Business
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Marc Piasecki/Getty Images (NEW YORK) — Tech billionaire Elon Musk, who has vowed to dismantle thousands of federal regulations as the co-head of a new Department of Government Efficiency, or DOGE, says the nation’s financial security depends on it. The U.S. risks “strangulation by regulation” as it hurtles toward “bankruptcy super fast,” Musk said in a pair of posts on X this […]
Joe Raedle/Getty Images (NEW YORK) — Walmart, the world’s largest retailer, is rolling back its diversity, equity and inclusion policies. This brings it in line with several major corporations that have reviewed their operational practices after facing considerable pressure from conservatives. No longer considering race and gender as a way to increase diversity when it […]
Gary Hershorn/Getty Images (NEW YORK) — Throughout the country, once bustling business districts have turned into ghost towns. The pandemic has shown that many jobs can be done remotely. Now some major U.S. cities are breathing new life into empty office buildings by converting them into housing. Notable cities that are part of this trend […]
Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Tech billionaire Elon Musk has kept busy since Election Day, advising President-elect Donald Trump and receiving an appointment to co-lead a new government efficiency commission. Musk has also found time to promote Trump in scores of posts on the social media platform X, formerly Twitter, which he […]
J. David Ake/Getty Images (NEW YORK) — If you are nearing retirement, you will soon be able to stash even more money into your nest egg — if you can afford it. The Internal Revenue Service announced that the maximum amount individuals can contribute to their 401(k) or similar plans in 2025 will increase to […]
Namthip Muanthongthae/Getty Images (NEW YORK) — Bitcoin vaulted to a record high on Thursday, surging more than 3% in early trading and hurtling toward investors’ long-sought milestone of $100,000. The price of bitcoin briefly exceeded $98,000 for the first time on Thursday morning, before retreating to about $97,600. The value of the world’s most popular cryptocurrency […]
Joe Buglewicz/Getty Images (New York) — Conspiracy theorist Alex Jones accused The Onion and Sandy Hook Elementary School families of “collusive bidding” and asked a bankruptcy court judge to halt the sale of his Infowars platform. Jones, who defamed the Sandy Hook families by calling the 2012 massacre a hoax and the parents of the […]
Grace Cary/Getty Images (NEW YORK) — President-elect Donald Trump sharply criticized the rising price of groceries throughout his campaign, even delivering an address outside his New Jersey home in August alongside a table covered with cereal boxes, coffee grounds and ketchup. A wave of consumer discontent appears to have helped lift him back into the […]
Grace Cary/Getty Images (NEW YORK) — President-elect Donald Trump sharply criticized the rising price of groceries throughout his campaign, even delivering an address outside his New Jersey home in August alongside a table covered with cereal boxes, coffee grounds and ketchup. A wave of consumer discontent appears to have helped lift him back into the […]
Kent Nishimura/Getty Images (NEW YORK) — Americans’ credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week. Credit card debt climbed $24 billion over a three-month stretch ending in September, soaring to a level 8% higher than where it stood a year ago, the […]
