KVSP Business
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Virgin Galactic02 crew members, Jon Goodwin, Keisha Schahaff and Anastasia Mayers. (Virgin Galactic) (NEW YORK) — Virgin Galactic is launching its first mission carrying paying customers on Thursday just weeks after the company’s first flight in June. Galactic 02 will launch from Spaceport America in New Mexico at 9:00 a.m. MST (11:00 a.m. EST), which […]
Anton Petrus/Getty Images (NEW YORK) — Consumer prices rose 3.2% last month compared to a year ago, marking an uptick that reverses some of the progress achieved in the monthslong fight to bring inflation down to normal levels, government data showed. The data, however, outperformed economist expectations of a larger increase. Inflation stands well below […]
Anton Petrus/Getty Images (NEW YORK) — Inflation data to be released on Thursday will show whether a monthslong cooldown of price increases continued in July. The fresh data arrives roughly two weeks after the Federal Reserve raised its benchmark interest rate another quarter of a percentage point, reviving its aggressive inflation fight despite a slowdown […]
Brandon Bell/Getty Images (NEW YORK) — Drivers have enjoyed relief at the gas pump this summer compared with eye-popping prices a year ago, but an alarming trend has emerged in recent weeks: Prices are rising once again. Over the past month, the average price of a gallon of gas has jumped more than 8%, surpassing $3.80, […]
Cadillac (NEW YORK) — Cadillac’s newest Escalade sport utility vehicle is more brash, commanding and luxurious than the current model. It’s also electric. “The first word you get is ‘Wow,’” John Roth, vice president of Global Cadillac, told ABC News of the reaction to the Escalade IQ. “People say, ‘Boy, that’s an Escalade.’” Twelve cubic feet […]
Karl Tapales/Getty Images (NEW YORK) — Plans for a cage match between billionaire entrepreneurs Mark Zuckerberg and Elon Musk regained momentum on Sunday when Zuckerberg said in a post on Threads that he had suggested to Musk the date of Aug. 26 for the fight. Musk, according to Zuckerberg, had yet to respond. The run-up […]
virtualphoto/Getty Images (NEW YORK) — IKEA, the global furniture giant, will open a store in downtown San Francisco later this month, the company announced on Tuesday, defying an onrush of retail departures that has slammed the city center in recent years. Located blocks away from the city’s Union Square retail hub, the store will anchor […]
IronHeart/Getty Images (NEW YORK) — A single ticket sold in Florida won the estimated $1.58 billion jackpot in Tuesday night’s Mega Millions drawing, a record high for the lottery and among the largest-ever U.S. drawings, the lottery said. The winning ticket was purchased at a Publix Super Market on Atlantic Boulevard in Neptune Beach, Florida, […]
Yuki Iwamura/Bloomberg via Getty Images (NEW YORK) — Federal prosecutors in New York on Tuesday signaled their intention to hold embattled crypto executive Sam Bankman-Fried accountable for alleged campaign finance violations despite dropping the charge last month on a technicality. Bankman-Fried, the former founder and CEO of cryptocurrency FTX, was slapped with a host of charges […]
Justin Sullivan/Getty Images (NEW YORK) — The Campbell Soup Company is expanding its presence on grocery store shelves with a new deal to acquire Sovos Brands Inc., the maker of Rao’s pasta sauces and noosa yogurt. At $23 per share, the total enterprise value of the acquisition is approximately $2.7 billion, the companies announced in […]
