KVSP Business
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Adam Gault/Getty Images (NEW YORK) — U.S. credit card debt has soared over the last couple of years and recently it reached a major milestone. Americans’ combined credit card balances topped $1 trillion dollars last year, according to the Federal Reserve Bank of New York. By comparison, combined credit card balances were $680 billion a […]
Bridget Bennett/Bloomberg via Getty Images (NEW YORK) — Big Tech companies laid off hundreds of employees in recent days, commanding headlines and confronting workers across the economy with a question: Am I next? Amazon and Google each imposed cuts, with Apple shutting down a 121-person team in San Diego, Calif., telling workers they must either […]
Douglas Sacha/Getty Images (NEW YORK) — U.S. economic activity changed little in recent weeks as hiring stalled, prices grew modestly and the private sector feared uncertainty tied to the 2024 election, a Federal Reserve report released on Wednesday showed. A rosy outlook nevertheless pervaded the findings, since industry officials anticipated interest rate cuts this year, […]
IronHeart/Getty Images (NEW YORK) — Tens of millions of Americans who overdraft on their bank accounts each year may soon enjoy major relief. The government agency in charge of protecting consumers’ finances introduced a new rule to rein in overdraft fees charged by banks. Americans paid a total of nearly $300 billion in overdraft fees […]
Elena Zaretskaya/Getty Images (NEW YORK) — Several major retailers are re-evaluating self-checkout for customers after analysts have seen inventory loss. “Retailers are really starting to use technology in order to look at the shrink problem,” Hitha Herzog, chief research officer of H Squared Research, told ABC News’ Good Morning America. “The technology that is powering […]
Jon Challicom/Getty Images (NEW YORK) — Electric vehicle charging stations could spring up at gas stations and grocery stores throughout Wisconsin, after the state Senate passed a proposed bill on Tuesday. The bill, which passed by a 30-2 vote, would ease restrictions on businesses that install chargers and impose a tax on electricity sold to […]
Antonio Masiello/Getty Images (NEW YORK) — Tesla CEO Elon Musk is seeking greater voting control of the electric carmaker, threatening to otherwise pursue major projects such as artificial intelligence outside of the company, he said in a post on X. The Tesla board, Musk said, should grant him 25% voting control, an amount that would nearly […]
Joseph Sohm; Visions of America/ Getty Images (NEW YORK) — In a dispiriting sign of the times, barely more than a quarter of Americans say the American dream still holds true — about half as many as said so 13 years ago. Defined as “if you work hard you’ll get ahead,” just 27% in a […]
Anton Petrus/Getty Images (NEW YORK) — U.S. airstrikes against Houthi targets in Yemen on Thursday night escalated an ongoing conflict over a shipping route that holds significant implications for oil prices and inflation. The military operation, undertaken in partnership with the United Kingdom, came in response to a monthslong series of attacks carried out by […]
Eric Thayer/Bloomberg via Getty Images (WASHINGTON) — The Federal Aviation Administration announced it will take the significant step of increasing its oversight over Boeing and begin an immediate audit of Boeing’s production and manufacturing in the wake of the door plug blowing out of an Alaska Airlines flight last week. The audit will “evaluate Boeing’s […]
