KVSP Business
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Catherine McQueen/Getty Images (NEW YORK) — After a high-flying performance last year, the stock market has dropped at the outset of 2024. The turnabout has sent some investors looking for alternatives, including certificates of deposit, or CDs. A CD is a type of savings account that offers a fixed interest rate over a given period […]
Greg Bajor/Getty Images (NEW YORK) — Shares of Boeing have plunged nearly 10% this week after a door plug blew out of the company’s 737 Max 9 aircraft during an Alaska Airlines flight. The incident, which took place on Friday night, prompted the Federal Aviation Administration to ground the aircraft. The stock price of Spirit […]
MJHollinshead/Getty Images (LOS ANGELES) — Fast food workers defied skeptics roughly a decade ago with the “Fight for $15,” a campaign demanding an industry-wide pay floor at more than double the federal minimum wage. That aspiration spread across the low-wage workforce, helping to achieve a base pay of $15 per hour in six states and […]
Anna Moneymaker/Getty Images (NEW YORK) — Days away from the first ballots cast in the 2024 primary election, former President Donald Trump holds a commanding lead over his Republican rivals and tops President Joe Biden in some head-to-head polls. Trump’s standing appears to stem in part from widespread frustration over Biden’s handling of the economy. Only […]
Bruce Bennett/Getty Images (NEW YORK) — TGI Fridays is starting off the new year by shuttering dozens of locations to support the restaurant chain’s long-term growth strategy, which it said includes appointing a former stakeholder to lead select regional locations “into a new phase of revitalization.” The Dallas-based casual dining bar and grill chain announced […]
Witthaya Prasongsin/Getty Images (NEW YORK) — Dozens of families who are suing Snap Inc., the parent company of Snapchat, won a legal victory Tuesday when a judge in California ruled their lawsuit against the social media giant may continue. Over 60 family members of children who allegedly obtained illegal drugs through Snapchat are part of […]
JohnFScott/Getty Images (NEW YORK) — Starbucks will become the first nationwide coffee retailer to accept reusable cups for mobile orders, effective immediately, the coffeehouse chain said in a release Wednesday. Customers will now also have the same reusable cup option for drive-thru orders for the first time. Coffee drinkers can now fill a “clean, personal […]
moodboard/Getty Images (NEW YORK) — Mortgage rates have plummeted in recent weeks, boosting the prospects of homebuyers previously stifled by high borrowing costs. Many forecasters predict mortgage rates will drop further, however, since the Federal Reserve expects to cut its benchmark interest rate this year. Those circumstances pose a quandary for buyers: Jump into a […]
CEO Elon Musk attends the Atreju political meeting organised by the young militants of Italian right wing party Brothers of Italy – CREDIT: Future Publishing/Getty Images (NEW YORK) — Days after Elon Musk bought X for $44 billion last year, he strolled through the glass doors at company headquarters carrying a kitchen sink. “Let that […]
FDA (NEW YORK) — Over 675,000 cans of baby formula are being recalled for possible bacterial contamination, the company announced. Reckitt and Mead Johnson Nutrition, the makers of Enfamil and Nutramigen, announced Saturday it was voluntarily recalling cans of Nutramigen Hypoallergenic Infant Formula Powder, a specialty formula given to infants with cow’s milk allergy, following […]
