Companies

Al Roker misses Macy’s Thanksgiving Day Parade, but is on the mend

CNN — Al Roker missed his first Macy’s Thanksgiving Day Parade in 27 years as he recovers from a health scare. The famed “Today” meteorologist recently shared that he had been hospitalized after a blood clot in his leg traveled to his lungs. “After some medical whack-a-mole, I am so fortunate to be getting terrific …

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Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus

Hong Kong CNN Business — Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces at the compound in central China. The Apple supplier made the offer Wednesday following dramatic scenes …

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HP Announces Layoffs as PC Demand Drops

HP announced the layoffs in its Q4 and 2022 fiscal year earnings report, published Tuesday. Image: Justin Sullivan (Getty Images) A tidal wave of layoffs continues to plague tech companies worldwide, and HP Inc. is the next titan to fall on its sword. In reporting its Q4 and fiscal year results yesterday, the company also …

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FTC Trying To Stop Microsoft’s Purchase Of Activision Blizzard

Image: NurPhoto (Getty Images) Politico are reporting that, “according to three people with knowledge of the matter”, the Federal Trade Commission is “likely to file an antitrust lawsuit to block Microsoft’s $69 billion takeover of video game giant Activision Blizzard”. The FTC, emboldened by their recent success in stopping the merger of book publishers Penguin …

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Get paid via Venmo, Etsy or Airbnb? Here’s what you need to know before tax season

If you get paid through apps like Venmo or PayPal or platforms like Etsy or Airbnb, preparing your taxes next year may be a little more confusing than usual. A new tax reporting rule requires third-party payment platforms to issue you and the IRS a 1099-K for business transaction payments if they add up to …

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Mortgage rates fall for the second week in a row

Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen throughout most of 2022, spurred …

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Get paid via Venmo, Etsy or Airbnb? Here’s what you need to know before tax season

If you get paid through apps like Venmo or PayPal or platforms like Etsy or Airbnb, preparing your taxes next year may be a little more confusing than usual. A new tax reporting rule requires third-party payment platforms to issue you and the IRS a 1099-K for business transaction payments if they add up to …

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China zero-Covid: Workers at Zhengzhou iPhone factory clash with police, videos show

Beijing/Hong Kong CNN Business — Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot gear, on Wednesday, according to videos shared over social media. The videos show hundreds of workers facing off with law enforcement officers, many in white hazmat suits, on the Foxconn campus in the central Chinese city …

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Surprise: Dollar Tree’s $1.25 price strategy is actually working

new York CNN Business — When Dollar Tree said it would raise prices to $1.25 after 35 years sticking to $1, some fans protested and industry analysts questioned the decision. A year later, the controversial move appears to be paying off. Higher prices have added to Dollar Tree’s sales. The switch has also allowed the …

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‘Love Actually’ cast to reunite for 20th anniversary TV special

CNN — One of the most beloved modern Christmas classics is turning 20 next year, and to mark the occasion, cast members from the landmark 2003 romantic comedy “Love Actually” are reuniting for a TV special to air on ABC next week, the network announced Tuesday. Hugh Grant, Laura Linney, Emma Thompson, Bill Nighy and …

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