Meta and Amazon are scaling back their diversity initiatives, aligning with other companies across corporate America retreating from hiring and training programs criticized by conservatives due to legal and political risks. These decisions follow Meta Platforms’ announcement that it would discontinue a fact-checking program criticized by President-elect Donald Trump and Republicans. In a memo to … Read more
Three notable events this week make Amazon’s Winter Sale deals exceptionally timely: 1) The Golden Globes launched the awards season, meaning many of the year’s top films are now available to stream or rent. 2) The NFL regular season has ended, and playoff excitement kicks off this weekend. 3) The weather in many parts of … Read more
It’s JPMorgan Chase’s turn. Following in the footsteps of companies like AT&T, Amazon, and Walmart, the largest bank in the U.S. is reportedly planning to end remote work. The bank’s more than 300,000 employees may soon be required to return to the office full-time, five days a week. In April 2023, JPMorgan mandated that its … Read more
Remember when being a “Dollar Menu-naire” was a thing? These days, it feels like nothing truly costs $1 anymore. Over a year ago, McDonald’s customers expressed frustration over the lack of $1 options, but now it seems the fast-food giant is making amends. As of Jan. 7, the world’s largest fast-food chain has reintroduced $1 … Read more
The U.S. Department of Defense has added dozens of Chinese companies, including gaming and technology giant Tencent, artificial intelligence firm SenseTime, and the world’s largest battery manufacturer CATL, to its list of companies it alleges have ties to China’s military. In recent years, Washington has intensified efforts to limit the sharing of advanced technologies such … Read more
Asian stocks have now fallen for a fourth consecutive session, driven by diminished expectations for Federal Reserve interest rate cuts and a continued selloff in Chinese equities. The MSCI Asia Pacific excluding Japan Index dropped as much as 1.7%, hitting its lowest level since August of last year. Key contributors to this regional decline included … Read more
The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into crashes reportedly linked to Tesla’s “Actually Smart Summon” feature. This parking assist feature allows Tesla owners to summon their vehicles from a parking space without being inside the car. The preliminary investigation involves approximately 2.6 million Tesla vehicles equipped with this technology and … Read more
Ted Farnsworth, the creator of MoviePass’ ill-fated $9.95-a-month subscription plan, pleaded guilty on Tuesday to defrauding investors in the company. In addition to the MoviePass case, Farnsworth also admitted guilt to a conspiracy charge related to a separate scheme involving a fabricated video-sharing platform. Prosecutors allege that he orchestrated this second scheme while under investigation … Read more
Nippon Steel remains resolute in its $15 billion acquisition bid for U.S. Steel, Chief Executive Eiji Hashimoto stated on Tuesday, following President Joe Biden’s decision to block the Japanese steelmaker’s attempt. “There is no reason or need to give up,” Hashimoto told reporters at the company’s Tokyo headquarters. “We are convinced it’s clearly beneficial for … Read more
Getty Images (GETY) and Shutterstock (SSTK) have announced a $3.7 billion merger, uniting two major players in the licensing of photographs and other visual content. The announcement sent both companies’ stocks soaring, while Adobe (ADBE), a competitor in design tools and visual content licensing, saw its stock dip, potentially facing stiffer competition from the newly … Read more