By Catherine Thorbecke, CNN Business While much of Silicon Valley is grappling with hiring freezes and job cuts, at least one social media company is still planning to keep hiring: TikTok. The short-form video app remains committed to its goal of hiring nearly 1,000 engineers at its Mountain View office, a person familiar with the
Continue Reading By Brian Fung, CNN Business Meta has been fined roughly $275 million by Ireland’s data privacy regulator for failing to prevent hackers from siphoning off personal information from more than 500 million Facebook users in a 2019 data leak. Monday’s announcement marked the fourth time in about a year that Facebook’s parent company has been
Continue Reading By Matt Egan, CNN Business The nation’s leading retailers warned Monday that Congress may need to step in to avert a devastating freight rail strike they fear could spoil food, interrupt the delivery of goods bought online and worsen inflation. The Retail Industry Leaders Association, a trade group whose members include Walmart, Target, Best Buy,
Continue Reading By Brian Fung, CNN Conspiracy theorist Alex Jones won’t be returning to Twitter and will remain banned from the platform, according to its new owner, Elon Musk. Musk declared on Friday that Jones’ account will not be restored, in spite of some users’ requests, and spent the weekend defending the decision even as Twitter moved
Continue Reading By Brian Fung, CNN Conspiracy theorist Alex Jones won’t be returning to Twitter and will remain banned from the platform, according to its new owner, Elon Musk. Musk declared on Friday that Jones’ account will not be restored, in spite of some users’ requests, and spent the weekend defending the decision even as Twitter moved
Continue Reading By Anna Cooban, CNN Business For Rebeca Blázquez, the past few weeks have been a “nightmare.” Based in Madrid but hoping to find work in London before starting her master’s degree, the 22-year-old university graduate spent a month searching online for a room to rent in London on a £900 budget ($1,070). She sent dozens
Continue Reading By Chris Isidore and Vanessa Yurkevich, CNN Business America faces a growing risk of a crippling national freight rail strike in two weeks. The rank-and-file members of the nation’s largest rail union, which represents the industry’s conductors, rejected a tentative labor deal with freight railroads, the union announced Monday. The nation’s second-largest rail union, which
Continue Reading By Larry Madowo, CNN Laid-off employees at Twitter’s Africa headquarters are accusing Twitter of “deliberately and recklessly flouting the laws of Ghana” and trying to “silence and intimidate” them after they were fired. The team has hired a lawyer and sent a letter to the company demanding it comply with the West African nation’s labor
Continue Reading By Nicole Goodkind, CNN Business Investors appear to have traded in their fleece vests for crystal balls — everyone on Wall Street seems to have a recession prediction. But lately, shouts of recession have become a bit quieter, and a growing group of economists say that any downturn will likely be mild. So can the
Continue Reading By Frank Pallotta, CNN Business Bob Iger, who shocked the media world when he returned as CEO of Disney on Sunday, will once again be among the highest-paid executives in Hollywood. Iger will earn a $1 million base salary as he takes over Disney, according to a company filing with Securities and Exchange Commission. However,
Continue Reading By Laura He, CNN Business China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid outbreak since April. The lockdown also follows rising cases in Beijing, which reported the country’s first Covid deaths in nearly six months. In recent days, China had begun to ease
Continue Reading By Laura He, CNN Business China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid outbreak since April. The lockdown also follows rising cases in Beijing, which reported the country’s first Covid deaths in nearly six months. In recent days, China had begun to ease
Continue Reading By Wayne Chang and Diksha Madhok, CNN Taiwan Semiconductor Manufacturing Company plans to bring its most advanced technology to Arizona, the founder of the chip giant said Monday. TSMC’s plans come as tensions between Washington and Beijing are rising over chips, with President Joe Biden imposing a sweeping set of controls on the sale of
Continue Reading By Frank Pallotta, CNN Business Bob Iger, one of the most successful CEOs in the history of The Walt Disney Company, is returning to once again run the media empire. It’s a shocking development at Hollywood’s biggest company. Bob Chapek, who replaced Iger in 2020 as CEO, is stepping down immediately. “We thank Bob Chapek
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COLUMBIA, Mo. (KMIZ) Andrea Lyn Events, a local Columbia business is hosting a Holiday Makers Market event that is focused on helping small businesses while celebrating the upcoming holidays. Some small businesses have had to make adjustments during the past holiday season due to the pandemic. According to Score.org, 35% of small business owners have
Continue Reading By Chris Isidore, CNN Business For travelers getting ready to make their first holiday trips since before the pandemic: prepare for sticker shock. Airfares are way up. US gas prices are higher than they’ve ever been at this time of year. Rates for hotel rooms and rental cars have jumped 12% and 46% respectively from
Continue Reading By Rachel Metz, CNN Business As artificial intelligence becomes increasingly popular for generating images, a question has roiled the art world: Can AI create art? At bitforms gallery in San Francisco, the answer is yes. An exhibit called “Artificial Imagination” is on display through late December and features works that were created with or inspired
Continue Reading By Clare Duffy and Paul LeBlanc, CNN Former US President Donald Trump’s Twitter account has been reinstated on the platform. The account, which Twitter banned following the January 6, 2021, attack on the Capitol, was restored after Twitter CEO and new owner Elon Musk posted a poll on Twitter on Friday night asking the platform’s
Continue Reading By Clare Duffy and Paul LeBlanc, CNN Former US President Donald Trump’s Twitter account has been reinstated on the platform. The account, which Twitter banned following the January 6, 2021, attack on the Capitol, was restored after Twitter CEO and new owner Elon Musk posted a poll on Twitter on Friday night asking the platform’s
Continue Reading By Samantha Murphy Kelly, CNN Business Len Edgerly, a 72-year-old podcaster from Cambridge, Massachusetts, has spent the last 14 and a half years talking about his favorite tech product of all time: the Kindle. Edgerly, who records a weekly podcast called “The Kindle Chronicles,” has spoken to authors, readers, publishing industry experts and Amazon executives
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