KVSP Business
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Karl Tapales/Getty Images (WASHINGTON) — Social media platform TikTok is hurtling toward a U.S. ban that could upend its business and frustrate more than 150 million American users — unless President-elect Donald Trump finds a way to reverse the policy. Trump, who boasts 14 million followers on TikTok, voiced opposition to the ban earlier this […]
Hispanolistic via Getty Images (WASHINGTON) — The U.S. government is set to release new inflation data on Wednesday, offering a fresh look at price increases little more than a week after the issue appeared to help former President Donald Trump win re-election. Inflation has cooled dramatically since a peak of 9% attained in 2022, now […]
Karl Tapales/Getty Images (NEW YORK) — Shares in Donald Trump’s social media company spiked after the president-elect again vowed not to sell his stake in the parent company of Truth Social and called for an investigation into “market manipulators or short sellers.” Trump Media’s stock price increased by nearly 16 percent to $32 per share […]
Noel Hendrickson/Getty Images (NEW YORK) — A surging stock market, low unemployment and robust growth — by just about every measure, the economy stood poised to deliver victory for Vice President Kamala Harris. The exception, of course, was inflation, and it appears to have overshadowed other indicators. More than two-thirds of voters say the economy […]
Anna Moneymaker/Getty Images (WASHINGTON) — The Federal Reserve on Thursday will announce its latest decision on the direction of interest rates, setting the path for borrowing costs just two days after the victory of President-Elect Donald Trump. The Fed cut its benchmark interest rate a half of a percentage point in September, dialing back its […]
Richard A. Brooks via Getty Images (WASHINGTON) — As former President Donald Trump declared victory in the U.S. presidential election early Wednesday, shares of his media company, Trump Media & Technology, surged about 34% to about $45.49 in pre-market trading. With U.S. markets yet to open, early indicators appeared to show Wall Street’s bullish view […]
ASON REDMOND/AFP via Getty Images (SEATTLE) — Tens of thousands of striking Boeing machinists are casting ballots on Monday over whether to approve a contract offer that could end their work stoppage after seven weeks. The new offer delivers higher pay increases and a bolstered ratification bonus that would deliver each worker $12,000 if the union approves the deal, […]
Via e U.S. Bureau of Labor Statistics (WASHINGTON) — U.S. hiring slowed in October, but fallout from hurricanes and labor strikes likely caused an undercount of the nation’s workers. A fresh jobs report marked the final piece of major economic data before Election Day. However, the data offers little more than a blurry snapshot of […]
Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — A newly filed lawsuit has accused Subway of “unfair and deceptive trade practices” and selling its steak-and-cheese sandwiches based on “false and misleading advertisements,” that the lawsuit claims show customers getting at least three times more meat than is actually in the product. The class-action complaint against […]
James Marshall via Getty Images (NEW YORK) — The U.S. economy grew at a robust pace over three months ending in September, slowing slightly from the previous quarter but continuing to dispel any concern about a possible slowdown. The fresh report marks one of the last major pieces of economic data before the presidential election. […]
