KVSP Business
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JASON REDMOND/AFP via Getty Images (SEATTLE) — Boeing machinists overwhelmingly rejected a contract proposal this week, opting to extend a weekslong strike and send negotiators back to the bargaining table. Sixty-four percent of workers voted against the new contract, according to the International Association of Machinists and Aerospace Workers (IAM), the union representing 33,000 Boeing […]
David Ryder/Bloomberg via Getty Images (NEW YORK) — Tens of thousands of Boeing machinists on Wednesday will vote on a new contract proposal that could end a weekslong work stoppage against the embattled aerospace company. Workers overwhelmingly rejected a previous offer last month, putting the outcome of the impending vote in doubt. Hours before workers were set to cast […]
Cadillac (NEW YORK) — General Motors is “very serious about making Cadillac a premium brand again,” Michael Simcoe — the company’s senior vice president of global design — told ABC News in an interview about the “engineering and design tour de force” that is the new Celestiq. The interview below has been edited for clarity. […]
STEFANIA ROSINI/NETFLIX (NEW YORK) — Shares of Netflix climbed about 9% in early trading on Friday after a strong earnings report propelled by hit shows like “Nobody Wants This” and “The Perfect Couple.” The company added about 5 million subscribers over a three-month period ending in September, which marked a roughly 40% decline from the same period one year […]
General_4530/Getty Images (WASHINGTON) — Former President Donald Trump has proposed tariffs as the solution for a host of perceived ills: the decline of U.S. manufacturing, the arrival of undocumented immigrants and the costs of childcare, among others. “To me, the most beautiful word in the dictionary is ‘tariff,’” Trump said this week during an appearance […]
Tim Boyle/Getty Images (NEW YORK) — 7-Eleven will close more than 400 of its “underperforming stores” across the U.S. and Canada in an effort to reduce costs and bolster earnings before the end of the year. Seven & I Holdings, the Tokyo-based parent company of the convenience store chain, announced the news during an earnings […]
Dominika Zarzycka/NurPhoto via Getty Images (NEW YORK) — Boeing will reduce the size of its total workforce by 10% over the coming months, CEO Kelly Ortberg said in a letter to employees on Friday. That amounts to around 17,000 jobs, based on the company’s December 2023 total workforce numbers. Ortberg said due to the workforce […]
Andrew Harnik/Getty Images (NEW YORK) — Inflation has loomed over the U.S. economy like a movie villain, haunting grocery store trips and gas runs. While costs remain much higher than they were a few years ago, those rapid price increases have mostly vanished. Inflation stands at its lowest level in more than three years, hovering […]
Spencer Platt/Getty Images (TAMPA, Fla.) — Hurricane Milton left widespread gasoline shortages across Florida after it made landfall on Wednesday night and cut across the state. The damage exacerbated fuel outages that began before the storm arrived, as millions fled from its path. Nearly a quarter of the roughly 7,900 gas stations in the state […]
Justin Sullivan/Getty Images (NEW YORK) — An escalation of conflicts in the Middle East in recent weeks has triggered a sharp increase in oil prices, raising uncertainty about where costs will head in the final weeks before Election Day. Oil prices surged about 13% over an 11-day stretch ending on Monday. Prices fell markedly on […]
