KVSP Business
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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 […]
Steve Taylor/SOPA Images/LightRocket via Getty Images (NEW YORK) — While some tech giants neared or imposed widespread layoffs last year, compensation for their CEOs climbed as much as tens of millions of dollars, according to an ABC News analysis of data released by research firm Equilar in May and June. Alphabet CEO Sundar Pichai was awarded […]
Mint Images/Getty Images (NEW YORK) — Disgraced crypto executive Sam Bankman-Fried deserves to have his bail revoked and to be detained before he is tried for fraud and conspiracy charges stemming from the collapse of FTX, federal prosecutors in New York said in a new court filing. Prosecutors balked at Bankman-Fried’s sharing with The New […]
Courtesy Dylan McCarty (NEW JERSEY)– The lack of available homes on the market is near historic lows, sparking fierce bidding wars in cities across the country – and prompting many buyers to get creative with their offers. In June, 1.08 million homes were for sale nationwide, according to the National Association of Realtors (NAR), down […]
Bill Varie/Getty Images (NEW YORK) — CVS Health is laying off 5,000 employees as part of an effort to shed costs, the retail and pharmacy chain confirmed on Tuesday. The layoffs will primarily affect “non-customer facing positions” such as corporate roles, the company said, adding that it does not expect the move to impact brick-and-mortar […]
Trader Joe’s (NEW YORK) — Trader Joe’s has issued a voluntary recall of its Unexpected Broccoli Cheddar Soup that was distributed in seven states after a supplier informed the retailer it “may contain insects.” On Thursday, Trader Joe’s announced the recall online to its “valued customers,” after the supplier, Winter Gardens Quality Foods, Inc., first […]
Ravenn Moore (NEW YORK) — Ravenn Moore, a 43-year-old mom in the Detroit area, said she accumulated tens of thousands of dollars of debt while earning both her bachelor’s and master’s degrees as a first-generation college student. Over the next decade, Moore said the interest on her student loans caused her debt to balloon to […]
IronHeart/Getty Images (NEW YORK) — The Federal Reserve raised interest rates to a 22-year high this week — a milestone that carries major implications for the finances of everyday people, experts told ABC News. The move escalated an aggressive series of rate hikes that has helped dramatically reduce inflation from a peak last summer. But […]
