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.