KVSP Business
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Chip Somodevilla/Getty Images (WASHINGTON) — President Donald Trump ratcheted up tariffs on Canada late Thursday, stoking tensions with a top U.S. trade partner as the two sides try to hash out a trade agreement by the end of the month. The Dow Jones Industrial Average tumbled 250 points, or 0.5%, in early trading on Friday, erasing some of the […]
Artur Widak/NurPhoto via Getty Images (NEW YORK) — Linda Yaccarino said she is stepping down from her role as CEO of X, the social media platform owned by Elon Musk. Yaccarino, who previously served as an advertising executive at NBCUniversal, took the helm of X two years ago. In post on X announcing her departure, […]
Brandon Bell/Getty Images (NEW YORK) — Oil prices fell and stocks closed higher on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict. The Dow Jones Industrial Average closed up 317 points, or 0.7%, erasing much of the losses suffered on Friday as back-and-forth strikes broke out between the two countries. […]
Namthip Muanthongthae/Getty Images (NEW YORK) — The Senate voted 68-30 late Tuesday to pass the GENIUS Act, a bill that aims to regulate some cryptocurrencies. The bill faced some Democratic opposition over President Donald Trump’s cryptocurrency ventures, but it ultimately garnered support from 18 Democrats, including Sens. Cory Booker, D-N.J., and Adam Schiff, D-Calif. The […]
Federal Reserve Building, Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve on Wednesday will issue a new decision on the level of its benchmark interest rate, testing a wait-and-see approach adopted by the central bank in recent months as it observes potential effects of President Donald Trump’s tariff policy. The posture of restraint at the […]
SOPA Images/LightRocket via Getty Images (NEW YORK) — A group of cybercriminals hacked into data systems at insurance company Aflac, possibly gaining access to sensitive information such as Social Security numbers and health reports, the company said on Friday. Aflac, which boasts millions of customers, “identified suspicious activity” and “stopped the intrusion within hours,” the […]
lechatnoir/Getty Images (NEW YORK) — Consumer confidence soured in June, erasing some of the boost in shopper attitudes that took hold last month as President Donald Trump rolled back tariffs, Conference Board data on Tuesday showed. The reading fell short of economists’ expectations. The fresh data resumes a trend of worsening consumer confidence that stretches […]
Celal Gunes/Anadolu Agency via Getty Images (NEW YORK) — Nearly two million student loan borrowers are at risk of having their wages garnished next month, credit-reporting agency TransUnion said on Tuesday. Fresh data shows a sharp increase in the number of delinquent student loan borrowers in recent months, following the end of a pandemic-era pause on student debt payments. Student loan […]
Michael M. Santiago/Getty Images (NEW YORK) — The stock market has been on a tear in recent weeks, shrugging off newly imposed tariffs, caution at the Federal Reserve and war in the Middle East. The S&P 500 has soared 20% since an April low suffered after President Donald Trump’s “Liberation Day” tariff announcement. Over that […]
Matteo Colombo/Getty Images (NEW YORK) — The S&P 500 hit an all-time record high on Friday, extending breakneck gains achieved in recent weeks as investors shrugged off concerns about newly imposed tariffs and war in the Middle East. The S&P 500 climbed 0.3%, clocking in for the first time ever at 6,156. Over the past […]
