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Chinese President Xi Jinping has used his first face-to-face meetings with America’s Asia-Pacific allies since 2020 to forge diplomatic inroads as Washington pushes back against Beijing's influence …

NEW YORK (AP) — The mass layoffs that began in Amazon's corporate ranks this week will extend into next year, CEO Andy Jassy said Thursday. In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout offer.

Starbucks workers at more than 100 U.S. stores are going on strike Thursday. It's the largest labor action since a campaign to unionize Starbucks stores began late last year. The walkouts are scheduled to coincide with Starbucks’ annual Red Cup Day, when the company gives free reusable cups to customers who order a holiday drink.

Elon Musk has emailed Twitter employees ordering them to return to the office for at least 40 hours a week and warning of “difficult times ahead.” A pair of Wednesday night missives seen by The Associated Press marked Musk’s first companywide message to employees who survived last week’s mass layoffs.

WASHINGTON (AP) — Price increases moderated in the United States last month in the latest sign that the economy is slowing and consumers growing more cautious. Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September, the Labor Department said Thursday. Excluding volatile food and energy prices, “core” inflation rose 6.3% in the past 12 months and 0.3% from September.

Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes. The move that comes just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk. Meta, like other social media companies, enjoyed a financial boost during the pandemic lockdown era because more people stayed home and scrolled on their phones and computers.

Twitter has begun adding gray “official” labels to some high-profile accounts to indicate that they are authentic, the latest twist in new owner Elon Musk’s chaotic overhaul of the platform’s verification system. Media sites like The Associated Press, The New York Times, The Washington Post and The Wall Street Journal received an official designation Wednesday, as did companies like Nike, Apple and Coca-Cola.

Twitter's new owner and Tesla CEO Elon Musk has sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8, according to Tuesday's filings with the Securities and Exchange Commission.

BEIJING (AP) — 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. The company gave no details but said the factory operated by Foxconn in the central city of Zhengzhou is “operating at significantly reduced capacity.” Apple said it expects lower shipments of iPhone 14 Pro and iPhone 14 Pro Max models than previously anticipated. It said customers "will experience longer wait times.”

BOSTON (AP) — Elon Musk says Twitter will permanently suspend any account that impersonates another. The social media platform’s new owner issued the warning Sunday after some celebrities changed their Twitter display names — not their account names — to ‘Elon Musk’ in reaction to the billionaire’s decision to offer verified accounts to all comers for $8 month. Comedian Kathy Griffin had her account suspended on Sunday for switching her display name to Musk's.

PHILADELPHIA (AP) — Home Depot workers in Philadelphia voted against forming the first store-wide labor union at the world’s largest home improvement retailer Saturday night, a loss for a fledgling movement to organize at major U.S. companies. The National Labor Relations Board says workers voted 165 to 51 to reject forming a union to represent 274 employees at the store.

NEW YORK (AP) — Employees are bracing for widespread layoffs at Twitter as new owner Elon Musk overhauls the social platform. In a letter to employees obtained by multiple media outlets, the company said employees would find out by 9 a.m. Pacific Standard Time if they had been laid off. The email did not say how many people would lose their jobs.

WASHINGTON (AP) — The unemployment rate rose to 3.7% in October, up from expectations it would hold steady at 3.5%, as the number of jobless Americans rose to 6.1 million. The October jobs figures were the last major economic report before Election Day, with voters keenly focused on the state of the economy and on their own financial lives.

DETROIT (AP) — Stellantis and the U.S. government are warning owners of 276,000 older vehicles to stop driving them after Takata air bags apparently exploded in three more vehicles, killing the drivers. The company, formerly Fiat Chrysler, is telling people to stop driving Dodge Magnum wagons, Dodge Challenger and Charger muscle cars and Chrysler 300 sedans from the 2005 through 2010 model years. Stellantis says that it confirmed the air bag inflators blew apart in two cases, killing two people.

Sticker shock in youth sports is nothing new, but the onslaught of double-digit inflation across America this year has added a costly wrinkle on the path to the ballparks, swimming pools and dance studios across America. It has forced some families to scale back the number of seasons, or leagues, or sports that their kids can play in any given year, while motivating league organizers to become more creative in devising ways to keep prices down and participation up.

WASHINGTON (AP) — The Federal Reserve pumped up its benchmark interest rate by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes. It was the Fed’s sixth rate hike this year — a streak that has made mortgages and other loans increasingly expensive. The persistence of inflated prices and higher borrowing costs has undercut the ability of Democrats to campaign on the health of the job market as they try to maintain control of Congress.

WASHINGTON (AP) — U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the inflation fighters at the Federal Reserve hoped. Employers posted 10.7 million job vacancies in September, up from 10.2 million in August, the Labor Department said Tuesday. Economists had expected the number of job openings to drop below 10 million.

Billionaire Elon Musk is already floating major changes for Twitter as he begins his first week as owner of the social media platform. One proposal would make some users pay if they want to keep a blue checkmark on their profile. Twitter has historically used the mark to verify higher-profile accounts, including Musk’s, so that other users know it’s really them. Critics have derided the mark as an elite status symbol.

HONG KONG (AP) — Workers in a manufacturing facility in the central Chinese city of Zhengzhou appear to have left to avoid COVID-19 curbs. Many were traveling by foot days after an unknown number of Foxconn factory workers were quarantined in the facility following a virus outbreak. Videos circulating on Chinese social media platforms showed people who are allegedly Foxconn workers climbing over fences and carrying their belongings by foot down the road.

Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty. The question now is what the billionaire Tesla CEO will actually do with the social media platform. The $44 billion takeover means Twitter is becoming a private company that everyday investors will no longer be able to buy shares in. The New York Stock Exchange suspended trading in the company’s stock on Friday. A filing with securities regulators shows the shares will be delisted on Nov. 8.

Two people familiar with the deal say that Elon Musk is in control of Twitter and has ousted the CEO, chief financial officer and the company’s general counsel. The people wouldn’t say if all the paperwork for sale, valued at $44 billion, had been signed or if the deal has closed. Neither person wanted to be identified because of the sensitive nature of the personnel moves.

CHICAGO (AP) — Persistently high inflation and gas prices are looming over sports and the monetary pipeline that resumed when fans returned to games amid the pandemic. The most recent Consumer Price Index Summary from the U.S. Bureau of Labor Statistics showed an 8.2% rise in costs in September from a year earlier. Increases in the shelter, food, and medical care indexes were among the largest contributors to the rise in costs.

WASHINGTON (AP) — Average long-term U.S. mortgage rates topped 7% for the first time in more than two decades this week, a result of the Federal Reserve’s aggressive rate hikes intended to tame inflation not seen in some 40 years. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate jumped to 7.08% from 6.94% last week.

Elon Musk, the billionaire poised to acquire Twitter later this week, strolled into the company’s headquarters Wednesday carrying a porcelain sink and tweeting “Entering Twitter HQ - let that sink in!” Musk posted a video showing him strolling into Twitter headquarters ahead of a Friday deadline to close his $44 billion deal to buy the company.

WASHINGTON (AP) — Slightly more Americans applied for unemployment benefits last week as the labor market remains one of the healthiest parts of an uneven U.S. economy. Jobless claims for the week ending Oct. 22 inched up by 3,000 to 217,000 from 214,000 the previous week, the Labor Department reported Thursday. The four-week moving average rose to 219,000 from 212,250 the previous week.

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