KVSP Business
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MATTHEW HATCHER/AFP via Getty Images (DETROIT) — A labor strike against the three largest motor vehicle manufacturers in the United States expanded on Friday as 38 new strike locations were announced targeting Stellantis and General Motors. United Auto Workers President Shawn Fain made the announcement, saying all parts distribution locations for Stellantis and GM at […]
Kevin Dietsch/Getty Images (WASHINGTON) — The Commerce Department finalized the national security “guardrails” in which recipients who receive CHIPS and Science Act funding must abide by. The CHIPS and Science Act was passed last year to address the manufacturing of semiconductors in the United States and the Commerce Department is responsible for dolling out billions […]
MATTHEW HATCHER/AFP via Getty Images (DETROIT) — A labor strike against the three largest motor vehicle manufacturers in the United States could expand if ongoing contract negotiations don’t move toward a deal by Friday. United Auto Workers President Shawn Fain is expected to make an announcement at 10 a.m. ET. He had warned earlier this […]
Victoria Jones/PA Images via Getty Images (NEW YORK) — Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp., Fox has announced. His son, Lachlan Murdoch, will become the chair of News Corp. and continue as executive chair and chief executive officer of Fox Corporation. “On behalf of the FOX and News […]
Oscar Mayer (NEW YORK) — Nostalgia wins in the court of cars and cold cuts. After the iconic hot dog on wheels for Oscar Mayer was rebranded as the Frankmobile earlier this summer — specifically to celebrate its all-beef frankfurter recipe — the American food manufacturer is reverting back to its original namesake glory: the […]
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve left its benchmark interest rate unchanged on Wednesday, pausing an aggressive inflation fight amid growing optimism that the United States can achieve normal price levels without falling into a recession. The central bank expects to raise rates one more time this year, according to projections included alongside a […]
Mike Dobuski/ABC News (DETROIT) — The Detroit Auto Show is underway this week, against the backdrop of an historic strike effort from unionized auto workers. Almost every year since 1907, Detroit has played host to a trade show that attracts executives, celebrities, politicians, journalists, and everyday enthusiasts from around the car world, all of whom […]
Catherine McQueen/Getty Images (NEW YORK) — While the joy of raising a child is priceless, the actual dollars and cents cost of it all is sharply on the rise, a new study shows. The average cost of raising a child rose nearly 20% in the United States from 2016 to 2021, according to a study […]
Kraft Heinz (NEW YORK) — Food company Kraft Heinz has issued a voluntary recall after nearly 84,000 slices of processed individually-wrapped American cheese were deemed to potentially contain choking hazards. “The voluntary recall comes as a precaution after a temporary issue developed on one of our wrapping machines, making it possible that a thin strip […]
BojanMirkovic/Getty Images (NEW YORK) — According to the U.S. Small Business Administration, there are close to five million Hispanic-owned businesses in the United States that contribute over $800 billion to the U.S. economy annually. To celebrate National Hispanic Heritage Month, ABC News’ Good Morning America is spotlighting Latin-owned businesses. Scroll down to support five Latina […]
