KVSP Business
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fhm/Getty Images (WASHINGTON) — The poverty rate in the United States increased last year, the first increase in 13 years, according to the Census Bureau. In 2022, the poverty rate was 12.4%, up 4.6% from 2021, according to the Supplemental Poverty Measure (SPM), which looks at government programs and tax credits designed to help low-income […]
Michael M. Santiago/Getty Images (NEW YORK) — A surge of work stoppages this year involving hundreds of thousands of employees has drawn attention to bold demands over wage increases and benefits as unions pursue raises that outpace rapid price hikes. However, at a moment when a tight job market affords unions considerable leverage, many workers […]
Anton Petrus/Getty Images (NEW YORK) — Wall Street and Washington, D.C., will closely watch the release of fresh inflation data on Wednesday that could reveal whether a monthslong cooldown of price increases returned to form in August or struck a rough patch as inflation nears normal levels. The fresh data follows an uptick in July […]
Justin Sullivan/Getty Images (NEW YORK) — Apple released a new iPhone 15 model on Tuesday that offers a USB-C charging port and improved camera. A fresh version of the Apple Watch was also unveiled. The top-end models of the iPhone 15, however, deliver a sizable markup. The prices of the standard iPhone 15 and iPhone 15 […]
Lyu Liang/VCG via Getty Images (WASHINGTON) — The Justice Department’s historic antitrust case against Google is set to go to trial Tuesday as the government seeks to prove the Big Tech giant harmed American consumers by stifling competition to maintain its dominance as the internet’s leading search engine. The lawsuit, originally brought by the Trump […]
Justin Sullivan/Getty Images (NEW YORK) — Apple is set to release a new iPhone 15 model on Tuesday that delivers upgrades but also increased prices for some versions, analysts say. Fresh versions of the Apple Watch and AirPods are also expected to be unveiled. The company’s latest smartphone is expected to feature an improved camera […]
VCG via Getty Images, FILE (NEW YORK) — The Zeekr 009 is every American’s dream car. The ultra-luxe cabin comes with massage seats and satiny leather. Futuristic tech like face and voice recognition makes driving effortless. Plus, the capacious 009 packs more than 500 horsepower. Haven’t heard of the Zeekr 009? You’re not alone. The […]
Sarah Dussault/MediaNews Group/The Mercury News via Getty Images (AUSTIN, Texas) — Paqui, an Austin, Texas-based chip company famous for its viral Paqui “One Chip Challenge” product, is working with retailers to pull the tortilla chip from shelves, the company announced on its website. The decision to remove the chip comes after a 14-year-old — Harris […]
Megan Varner/Getty Images (NEW YORK) — The Walt Disney Company narrowed the scope of its lawsuit against Florida Gov. Ron DeSantis on Thursday to focus solely on its First Amendment claim that the governor politically retaliated against the company. The lawsuit now focuses on the company’s claim that DeSantis and his allies allegedly retaliated against […]
Snapchat (NEW YORK) — Snapchat announced new safeguards on its app Thursday to protect teens against unwanted contact and malicious online interactions. The measures aim to provide a more appropriate user experience for youth in the 13- to 17-year-old range as more teens use social media. “What we’re really hoping to do … is to […]
