Amid looming economic instability and widespread layoffs, bosses are ordering their workers back to the office. Does it mark a permanent return to in-person working? In January, Disney employees received a memo from CEO Bob Iger. Like other entertainment conglomerates, the media giant had been operating a hybrid-working policy, in which teams were allowed to […]
Category: Business
Is TikTok really a threat to national security?
TikTok, the popular Chinese-owned social media app, has become a target for state and federal lawmakers over the past two years because of privacy and security risks. They are concerned that the Chinese company that owns TikTok, ByteDance, could share information from its more than 100 million American users with the Chinese government. More than […]
Is your IRA tanking on account of ESG rules?
More than 100 conservative leaders and groups organized by former Vice President Mike Pence’s political advocacy group are backing a new resolution from Sen. Mike Braun, R-Ind., and Rep. Andy Barr, R-Ky., that would block a move by the Biden administration to promote a “woke capital agenda.” Last week, every Republican senator and West Virginia […]
Dell to layoff 6,650 as demand for PCs plummets
Computer manufacturer Dell is set to cut about 6,650 jobs representing 5 percent of its global workforce, according to a report from Bloomberg. Announced in a memo on Monday, Dell Co-Chief Operating Officer Jeff Clarke said that the company’s previous cost-cutting measures, such as a pause on hiring and limitations on travel, have proved insufficient, […]
Apple records biggest sales fall since 2019
Apple sales dropped at the end of 2022 as shoppers squeezed by the rising cost of living cut back their purchases. Sales at the iPhone giant fell 5% in the three months to December compared with the same period in 2021. It was the biggest decline since 2019 and worse than expected. The update came […]
Biden Promotes $100 k ‘Behemoth’ Electric Car
President Joe Biden was recently seen in a “behemoth” electric vehicle that may be worse for the environment than some gas-powered cars. “On my watch, the great American road trip is going to be fully electrified. And now, through a tax credit, you can get up to $7,500 on a new electric vehicle,” Biden wrote […]
Biden moves to halt US exports to Huawei
The US government has stopped approving licences for American firms to export most items to Chinese technology giant Huawei, according to reports. It comes as the Biden administration continues to tighten its rules on exports of US technology to China. Washington has previously accused Huawei of being a threat to US national security and of […]
Layoff landslide from tech companies in 2023
Companies across the tech industry have announced layoffs, affecting thousands of workers in the first few weeks of 2023. Sales at top tech firms have retreated from the blistering pace attained during the pandemic when billions across the world were forced into isolation. Customers stuck at home came to rely on delivery services like e-commerce […]
Congo kids are paid $2-a-day to dig for cobalt
For years, big tech companies like Apple and Tesla have assured the customers of their glossy stores and showrooms that all their goods are ethically sourced and sold. But a new series of images taken from inside mines in the Democratic Republic of Congo, where 90 percent of the world’s cobalt is mined and used […]
Say farewell to the last Boeing 747
Boeing’s 747, the original and arguably most aesthetic “Jumbo Jet”, revolutionized air travel only to see its more than five-decade reign as “Queen of the Skies” ended by more efficient twinjet planes. The last commercial Boeing jumbo will be delivered to Atlas Air in the surviving freighter version on Tuesday, 53 years after the 747’s […]
To Tip or not to Tip, that is the question
Tipping is encountering its own form of inflation, with consumers commonly facing digital kiosks that ask for tips that start at 18% or 20% and can go as high as 30% — a far cry from the 15% that used to be traditional. And more types of employees are now asking for tips than in […]
‘No Whiskey’ Fireball customers suing for fraud
Consumers are suing Sazerac Company, Inc., the makers of Fireball whiskey, for fraud and misrepresentation, as the mini bottles of the alcoholic beverage don’t actually contain whiskey. The smaller bottles, named Fireball Cinnamon, are made from a blend of malt beverage and wine, while the whiskey-based products are called Fireball Cinnamon Whisky, according to the […]