KVSP Business
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Cyril Marcilhacy/Bloomberg via Getty Images (NEW YORK) — A better-than-expected inflation report last week bolstered hopes that a prolonged bout of severe price hikes is near its end — but the costs of some staple items continue to soar. Consumer prices rose 3% last month compared to a year ago, marking a significant slowdown from a […]
CHRIS DELMAS /GETTY IMAGES (LOS ANGELES) — A union representing roughly 160,000 actors launched a strike overnight, bringing Hollywood to a standstill just two months after TV and movie writers walked off the job. Prominent actors have voiced support for the strike. Jaime Lee Curtis posted on Instagram an image of theater masks alongside a […]
Anchor Steam Beer Brewery worker, March 28, 1978. — Gary Fong/San Francisco Chronicle via Getty Images, FILE (SAN FRANCISCO) — San Francisco is bidding farewell to one of its most iconic businesses, Anchor Brewing Company. Much to the dismay of beer drinkers and bartenders nationwide, the beloved craft brewery pioneer announced Wednesday it will cease […]
Carol Yepes/Getty Images (NEW YORK) — Billionaire entrepreneur Elon Musk launched an artificial intelligence company called xAI on Wednesday, vowing to develop a generative AI program that competes with established offerings like ChatGPT. The company employs some engineers who formerly worked for major companies in the field like Google and OpenAI, the xAI website said. […]
Catherine Falls Commercial/Getty Images (NEW YORK) — The founder of cryptocurrency lending platform Celsius Network was arrested Thursday on federal charges. Alexander Mashinsky founded Celsius in 2018 and positioned it as a stable, safe alternative to traditional financial institutions that would provide investors who held crypto assets financial freedom and economic opportunity. Instead, federal prosecutors […]
Marko Geber/Getty Images (NEW YORK) — First there was ” quiet quitting,” then there was ” quiet hiring,” and now the latest workplace trend is “loud quitting,” new data shows. Nearly 1 in 5, or 18%, of employees around the world are “actively disengaged” in their jobs, according to Gallup’s annual State of the Global […]
LPETTET/Getty Images (NEW YORK) — The Powerball jackpot is now an estimated $875 million for Saturday’s drawing, after no winners took home the big payday on Wednesday night. The jackpot for Wednesday night’s drawing was $750 million — the game’s sixth-largest prize ever. The winning numbers were 23, 35, 45, 66 and 67, and the […]
Mario Tama/Getty Images (LOS ANGELES) — The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) negotiating committee has voted unanimously to recommend a strike in a move that could incapacitate Hollywood productions. The major unions in Hollywood issued a joint statement Wednesday on their “unwavering support and solidarity” of SAG-AFTRA, including the Writers […]
Vittorio Zunino Celotto/Getty Images (NEW YORK) — The Walt Disney Company has announced that Bob Iger will remain CEO for two additional years, extending his contract through Dec. 31, 2026. The Walt Disney Company Board of Directors voted “unanimously” to extend Iger’s contract, seven months after he returned as CEO, the company said in a press […]
Mario Tama/Getty Images (LOS ANGELES) — The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) is expected to strike at midnight PT if a deal between the union and studios isn’t agreed upon, a move that could incapacitate Hollywood productions. The major unions in Hollywood issued a joint statement Wednesday on their “unwavering support […]
