Business

Amazon Begins Mass Layoffs Among its Corporate Workforce

Amazon Begins Mass Layoffs Among its Corporate Workforce

BUSINESS | By Haleluya Hadero | Nov 17, 2022

Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment.

From Wordle to Sweets, Holiday Gift Ideas for the Grown-ups

From Wordle to Sweets, Holiday Gift Ideas for the Grown-ups

BUSINESS | By Leanne Italie | Nov 16, 2022

From sweet treats to things with wheels, here are some ideas for pleasing a child at heart this holiday season.

Musk Touches on Twitter Criticism, Workload at G-20 Forum

Musk Touches on Twitter Criticism, Workload at G-20 Forum

BUSINESS | By Adam Schreck | Nov 15, 2022

It's not easy being Elon Musk. That was the message the new Twitter owner and billionaire head of Tesla and SpaceX had for younger people who might seek to emulate his entrepreneurial success.

Antitrust Battle over iPhone App Store Goes to Appeals Court

Antitrust Battle over iPhone App Store Goes to Appeals Court

BUSINESS | By Michael Liedtke | Nov 14, 2022

Apple is heading into a courtroom faceoff against the company behind the popular Fortnite video game, reviving a high-stakes antitrust battle.

UN to Seek out Methane Emitters with Data from Space

UN to Seek out Methane Emitters with Data from Space

BUSINESS | Nov 11, 2022

Big emitters of the heat-trapping gas methane can expect a call from the United Nations when the global body launches a platform to combine systems for tracking the potent greenhouse gas from space.

Musk Warns Twitter's Survival is at Stake as Staff Quits

Musk Warns Twitter's Survival is at Stake as Staff Quits

BUSINESS | By Matt O'Brien | Nov 11, 2022

Elon Musk warned Twitter employees Thursday to brace for "difficult times ahead" that might end with the collapse of the social media platform if they can't find new ways of making money.

Report: Tweets with Racial Slurs Soar Since Musk Takeover

Report: Tweets with Racial Slurs Soar Since Musk Takeover

BUSINESS | By David Klepper | Nov 11, 2022

Instances of racial slurs have soared on Twitter since Elon Musk purchased the influential platform, despite assurances from the platform that it had reduced hateful activity, a digital civil rights group reported Thursday.

Musk Seeks to Reassure Advertisers on Twitter after Chaos

Musk Seeks to Reassure Advertisers on Twitter after Chaos

BUSINESS | By Matt O'Brien, Mae Anderon, and Barbara Ortutay | Nov 10, 2022

Elon Musk sought to reassure big companies that advertise on Twitter on Wednesday that his chaotic takeover of the social media platform won't harm their brands.

Facebook Parent Meta Cuts 11,000 Jobs, 13% of Workforce

Facebook Parent Meta Cuts 11,000 Jobs, 13% of Workforce

BUSINESS | By Barbara Ortutay | Nov 10, 2022

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.

U.S. Plan to Tap Businesses for Green Finance Meets Resistance

U.S. Plan to Tap Businesses for Green Finance Meets Resistance

BUSINESS | By Kelvin Chan and Seth Borenstein | Nov 10, 2022

When it comes to helping poor nations cope with climate change, the United States government left its wallet at home. So it hopes its friend, big business, can help pick up the tab.

Musk's Partisan Tweets Call Twitter Neutrality into Question

Musk's Partisan Tweets Call Twitter Neutrality into Question

BUSINESS | By Barbara Ortutay | Nov 8, 2022

Elon Musk used his Twitter megaphone to appeal to "independent-minded voters" on Monday, urging them to vote Republican in Tuesday's U.S. midterm elections.

Apple Says iPhone Supplies Hurt by Anti-virus Curbs in China

Apple Says iPhone Supplies Hurt by Anti-virus Curbs in China

BUSINESS | Nov 7, 2022

Apple Inc. is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor's factory in central China.

Cesspool or Civility? Elon Musk's Twitter at a Crossroads

Cesspool or Civility? Elon Musk's Twitter at a Crossroads

BUSINESS | By Barbara Ortutay | Nov 6, 2022

Discourse was never civil on Twitter; it's much easier to rage-tweet at a perceived enemy than to seek common ground, whether the argument is about transgender kids or baseball.

Rail Union Approves Deal Offering Hope of Avoiding Strike

Rail Union Approves Deal Offering Hope of Avoiding Strike

BUSINESS | By Josh Funk | Nov 6, 2022

Another one of the 12 railroad unions narrowly approved its deal with the major freight railroads Saturday, offering some hope that the contract dispute might be resolved without a strike.

Twitter Users Can Get Blue Check in $8 Monthly Subscription

Twitter Users Can Get Blue Check in $8 Monthly Subscription

BUSINESS | By Barbara Ortutay | Nov 6, 2022

Twitter on Saturday launched a subscription service for $7.99 a month that includes a blue check now given only to verified accounts as new owner Elon Musk overhauls the platform's verification system.

Will Musk's 'Paywall Video' Turn Twitter into Another OnlyFans?

Will Musk's 'Paywall Video' Turn Twitter into Another OnlyFans?

BUSINESS | By Kilian Melloy | Nov 5, 2022

An internal email suggests Twitter is preparing to usher in a paid service that would allow users to charge for access to video content, with the platform reaping a share of the profits.

Musk's Past Tweets Reveal Clues About Twitter's New Owner

Musk's Past Tweets Reveal Clues About Twitter's New Owner

BUSINESS | By David Klepper | Nov 5, 2022

Playful, aggressive and sometimes reckless, Musk's past tweets show how he has used social media to tout his businesses, punch back at critics, and burnish his brand.

Nike Splits with Kyrie Irving Amid Antisemitism Fallout

Nike Splits with Kyrie Irving Amid Antisemitism Fallout

BUSINESS | By Tim Reynolds | Nov 5, 2022

Nike suspended its relationship with Kyrie Irving and canceled plans to release his next signature shoe in the ongoing fallout since he tweeted a link to a film containing antisemitic material.

General Mills, Audi Pause Twitter Ads, will Evaluate Site

General Mills, Audi Pause Twitter Ads, will Evaluate Site

BUSINESS | By Mae Anderson | Nov 4, 2022

General Mills and Audi are the latest big advertisers to pause ads on Twitter as questions swirl about how the social media platform will operate under new owner Elon Musk.

Albertsons $4B Payout to Shareholders Amid Merger Paused

Albertsons $4B Payout to Shareholders Amid Merger Paused

BUSINESS | Nov 4, 2022

A judge in Washington state has temporarily blocked Albertsons from paying a $4 billion dividend to investors as part of the grocery retailer's proposed merger with rival Kroger.

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