Category: Companies

Sen. Bennet Asks Apple and Google to Ban TikTok From App Stores

February 2, 2023
appleBig Tech, Censorship, and SocialismBusiness & MarketsChinaChina Business & EconomyCompaniescongressDemocratsFeatured TopicsGoogleInfiltrating the WestMedia & Big TechNational SecurityPoliticsSpecial TopicstechnologyTikTokUSUS NewsUS-China relations
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Sen. Michael Bennet (D-Colo.) has called on Apple and Google to remove TikTok from their respective app stores, arguing that no company subject to “dictates” by the Chinese Communist Party (CCP) should be allowed such broad access to American audiences or harvest their data. Bennet made the appeal in a Feb. 1 letter to Google…

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Global Stocks Rise After Fed Sees Inflation Improving

February 2, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—Global stock markets and Wall Street futures rose Thursday after the Federal Reserve said the U.S. economy is moving toward lower inflation but more interest rate hikes are planned. London and Frankfurt opened higher. Shanghai and Tokyo advanced. Oil prices rose. Wall Street’s benchmark S&P 500 index rose after the Fed increased its key lending…

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FedEx, Rivian, DraftKings Join US Companies Cutting Jobs

February 2, 2023
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FedEx, Rivian Automotive, and DraftKings have joined a growing list of U.S. corporations announcing job cuts. FedEx sent an announcement to employees Wednesday informing them that the package delivery company is reducing the size of its officer and director team by more than 10 percent and consolidating some teams and functions. “Unfortunately, this was a…

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Dallas-Based Ameriflight Signs $134 Million Deal to Buy 20 Autonomous Planes

February 2, 2023
Ameriflightautonomousautonomous aircraftBusiness & Marketscargo planesCompanieseconomyfedexNatilusNatilus 3.8TRegional & State NewsState Newssupply chainTexasUAVunmanned airplanesUPSUS
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Cargo carrier Ameriflight has announced its $134 million deal to buy 20 autonomous regional freight aircraft from San Diego-based Natilus. The conditional purchase agreement marks Natilus’ first sale of its Kona 3.8T blended-wing-body (BWB) remotely-piloted aircraft to a U.S.-based company, according to a news release. “Through this strategic partnership, we are positioning Ameriflight to build…

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Intel Slashes Employee, Exec Pay Amid PC Market Downturn

February 1, 2023
Business & MarketsCompaniesemployeeIntelmarket
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Intel Corp. said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of market share to rivals and a PC market downturn. The reductions will range from 5 percent of base pay for mid-level employees to as…

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Airbus and Qatar Airways Settle Bitter A350 Jet Row

February 1, 2023
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PARIS—Airbus and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday, averting a potentially damaging UK court trial after a blistering 18-month feud that tore the lid off the global jet market. The “amicable and mutually agreeable settlement” ends a $2 billion row over surface damage on the long-haul…

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‘Dr. Phil’ Talk Show to End After 21 Seasons on Air

February 1, 2023
Business & MarketsCBSCompaniesDr. PhilEntertainmentEntertainment NewsMedia & Big TechUSUS News
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The long-running daytime talk show “Dr. Phil” is coming to an end after 21 seasons on the air, distributor CBS Media Ventures announced on Jan. 31. In a joint statement with CBS Media Ventures, the show’s host since 2022, Dr. Phil McGraw, said he made the decision to stop making new episodes, citing his plans to embark on…

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DeSantis Says Congress Must Investigate DirecTV for Dropping Newsmax

February 1, 2023
Big Tech, Censorship, and SocialismBusiness & MarketsCompaniescongressDonald TrumpFeatured TopicsKevin McCarthyMedia & Big TechNewsmaxPoliticsRepublicansron desantisUSUS News
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Florida Gov. Ron DeSantis said that Congress should investigate AT&T-owned DirecTV over its decision to drop conservative channel Newsmax. “I think there should be no ideological litmus test when you have these big companies that have the decision to make or break a news network, or any type of network,” DeSantis said on Jan. 31. “They…

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Tech Layoffs Reflect Growing Frustration With Social Media, Industry Analysts Say

February 1, 2023
BusinessBusiness & MarketsBusiness ColumnistsCompaniesSocial IssuesSocial MediaTechUnited StatesUS
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News Analysis The massive layoffs that have rocked the tech sector in recent days have become the subject of widespread speculation in the mainstream media, with some industry and media sources attributing the firings and announced staff cuts to adverse economic factors, such as inflation and interest rate hikes. But the real reasons go much…

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Biden Administration Wants Credit Card Late Fees Slashed to $8

February 1, 2023
App StoreBiden administraitonBusiness & MarketsCompaniescongressDemocratseconomic policieseconomyExecutive BranchFederal debt ceilinghidden feesHouse Republicansinflationlate feesMedia & Big Techpersonal financePolicies & ImpactsPoliticsRepublicansUS
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The Biden administration wants credit card late fees to be slashed to $8 and for Apple and Google to reduce the amount they charge on their mobile app stores. White House officials stated that this is part of a larger policy effort to promote competition in consumer markets. President Joe Biden’s Competition Council announced on…

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