By Jordan Valinsky, CNN Business Taiwan Semiconductor Manufacturing Company is upping its investment in the United States, announcing Tuesday that it’s building a second semiconductor factory in Arizona and raising its investment there from $12 billion to $40 billion. TSMC’s plans come as tensions between Washington and Beijing are rising over chips, with President Joe
Continue Reading By Nicole Goodkind, CNN Business Democrats and Republicans in Congress are gearing up for yet another political showdown over raising the nation’s $31.4 trillion borrowing limit. This isn’t anything new; Congress has raised the debt ceiling almost 100 times since they initially set a limit to curtail government borrowing more than a century ago. But
Continue Reading By Juliana Liu, CNN Business Chinese fast fashion retailer Shein, the subject of recent controversy around alleged labor rights abuses, says it plans to invest $15 million to improve working conditions at factories in its supply chain. The money will be spent over the next three to four years to physically upgrade hundreds of factories
Continue Reading By Hanna Ziady, CNN Business Global renewable power capacity is set to grow as much in the next five years as it has over the past two decades, as soaring energy prices and the climate crisis force governments to ditch fossil fuels. In a report published Tuesday, the International Energy Agency forecast a sharp acceleration
Continue Reading By Clare Duffy, CNN Business After a yearlong review, Meta’s Oversight Board on Tuesday said the company’s controversial system that applies a different content moderation process for posts from VIPs is set up to “satisfy business concerns” and risks doing harm to everyday users. In a nearly 50-page advisory, including more than two dozen recommendations
Continue Reading By Clare Duffy, CNN Business After a yearlong review, Meta’s Oversight Board on Tuesday said the company’s controversial system that applies a different content moderation process for posts from VIPs is set up to “satisfy business concerns” and risks doing harm to everyday users. In a nearly 50-page advisory, including more than two dozen recommendations
Continue Reading By Faith Karimi, CNN Ifeoma Ozoma’s path as an advocate for tech workers started with a series of tweets one morning in June 2020. It was a few months after she was pushed out from her job at Pinterest, the image-sharing and social media platform. Across the United States, protests and outrage filled the streets
Continue Reading By Faith Karimi, CNN Ifeoma Ozoma’s path as an advocate for tech workers started with a series of tweets one morning in June 2020. It was a few months after she was pushed out from her job at Pinterest, the image-sharing and social media platform. Across the United States, protests and outrage filled the streets
Continue Reading By Abeer Salman, Hadas Gold, Alex Stambaugh and Teele Rebane, CNN Al Jazeera has submitted a case to the International Criminal Court (ICC) over the killing of journalist Shireen Abu Akleh, who was shot in the head while covering an Israeli raid in Jenin in the occupied West Bank in May. “Al Jazeera’s legal team
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View a replay of the City Council meeting above. COLUMBIA, Mo. (KMIZ) The Columbia City Council expects to vote on the fate of the city’s recycling and trash bags Monday night. In the past, the Solid Waste Department recommended the city end the use of city logo bags. City leaders gave the community chances to
Continue Reading By Oliver Darcy, CNN Business Rupert Murdoch, the Fox Corporation chairman, is set to be deposed next week in Dominion Voting System’s $1.6 billion lawsuit against Fox News over its coverage of election fraud in the 2020 election. The deposition will take place on December 13 at 9:30am ET and “will be conducted remotely, under
Continue Reading By Brian Fung, CNN Facebook owner Meta threatened to remove news content from its platforms on Monday following reports that US lawmakers have added controversial legislation favoring news media to the annual defense authorization bill. The warning highlights the danger that Meta perceives to its business model in the face of the proposed bill, known
Continue Reading By Brian Fung, CNN A threat by Facebook owner Meta to remove news content from its platforms appears to have been averted — for now — after US lawmakers omitted an antitrust bill it opposed from the text of an annual defense spending bill released late Tuesday evening. Meta had warned on Monday that if
Continue Reading By Matt Egan, CNN Slower hiring. Weaker spending. And softer growth. That’s what America’s CEOs are bracing for as the economy heads into 2023 facing a series of obstacles. The Business Roundtable said Monday its CEO Economic Outlook Index tumbled during the fourth quarter to the lowest level in more than two years. The index,
Continue Reading By Parija Kavilanz, CNN Business The Laundress brand of detergent and household cleaning products has recalled about eight million products because of the possible presence of bacteria that could pose a health risk to consumers. The recalled items, manufactured by the pricey boutique brand between January 2021 and September 2022, include its laundry detergents, fabric
Continue Reading By Kevin Dotson, CNN Nike cut ties with Brooklyn Nets guard Kyrie Irving Monday. The move comes after Irving posted a Twitter link to a documentary containing antisemitic messages in October and initially refused to issue an apology. “Kyrie Irving is no longer a Nike athlete,” Nike tells CNN. Irving’s agent and stepmother Shetellia Riley
Continue Reading By Brian Fung, CNN Apple and Google’s continued hosting of TikTok on their app stores, despite US national security concerns about the short-form video app, reflects the tech giants’ “gatekeeper” power and should be made part of any antitrust reviews the app stores may face, a member of the Federal Communications Commission wrote to the
Continue Reading By Brian Fung, CNN Apple and Google’s continued hosting of TikTok on their app stores, despite US national security concerns about the short-form video app, reflects the tech giants’ “gatekeeper” power and should be made part of any antitrust reviews the app stores may face, a member of the Federal Communications Commission wrote to the
Continue Reading By Samantha Murphy Kelly, CNN Business Imagine if Siri could write you a college essay, or Alexa could spit out a movie review in the style of Shakespeare. OpenAI last week opened up access to ChatGPT, an AI-powered chatbot that interacts with users in an eerily convincing and conversational way. Its ability to provide lengthy,
Continue Reading By Peter Valdes-Dapena, CNN Business Hertz will pay $168 million to settle 364 claims related to the company falsely reporting rental cars as stolen. These cases sometimes resulted in people being arrested and even imprisoned. One lawsuit involving dozens of such cases alleged systemic flaws in Hertz’s reporting of thefts, including not recording rental extensions,
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