By Michelle Toh, CNN Semiconductor giant TSMC plans to add more than 6,000 jobs this year, despite a broader slowdown in demand for chips. The world’s largest contract chipmaker is looking to recruit new engineers and production line operators across its home base of Taiwan — in the cities of Hsinchu, Taichung, Tainan and Kaohsiung
Continue Reading By Nicole Goodkind, CNN Business Federal Reserve policymakers will need to raise interest rates higher and keep them there longer to tackle the higher prices caused by sticky inflation, San Francisco Fed President Mary Daly said Saturday. “It’s clear there is more work to do,” Daly said in a speech at Princeton University. “In order
Continue Reading By Nicole Goodkind, CNN Business Thirty million dollars worth of Funko Pop! figures — those big-headed, vinyl pop-culture dolls — will soon make their way into the hands of a new collector: The garbage collector. Funko said in its fourth quarter earnings report that a combination of waning demand for the toys and a surplus
Continue Reading By Nicole Goodkind, CNN CNN anchor and chief national affairs analyst Kasie Hunt and husband Matthew Mario Rivera welcomed their second child to the world last week in an unforgettable way. Their daughter, Grey Hunt Rivera, was born at home on Wednesday morning after just 13 minutes of sudden labor — before there was time
Continue Reading By Nicole Goodkind, CNN Wall Street investors are gearing up for their version of Hell Week — a torrent of jobs data coming over the next few days could easily lead to volatile market swings. The unflinching resilience of the US labor market is one of — if not the — greatest source of tension
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COLUMBIA, Mo. (KMIZ) Data from the Department of Health and Senior Services shows there were $102.9 million in marijuana sales across Missouri in February. About 70% of that is from recreational sales, the rest was medical marijuana. Recreational marijuana sales started on Feb. 3. That first weekend, sales were over $8 million on just recreational
Continue Reading By Laura He, Simone McCarthy and Wayne Chang, CNN China has set an official economic growth target of “around 5%” for 2023, as it seeks to revive the world’s second-largest economy after a year of tepid growth because of pandemic measures. It will also expand its defense budget 7.2%, marking a slight increase over growth
Continue Reading By Ramishah Maruf, CNN Tesla is recalling 3,470 2022-2023 Model Y cars due to bolts in the second-row seat back frames not being secured properly. An estimated 4% of cars are affected, a recall report submitted in late February said. The loose bolts could cause the seat belts to not work properly in a crash,
Continue Reading By Kara Scannell, CNN The use of a flip phone, or some non-smartphone, is one of several restrictions that prosecutors and Sam Bankman-Fried’s attorneys are jointly asking the judge to approve. The lawyers have been working to satisfy concerns raised by Judge Lewis Kaplan, who said he could “conceivably” revoke Bankman-Fried’s bail after he found
Continue Reading By Chris Isidore, CNN Boeing CEO David Calhoun missed out on a $7 million bonus last year, but still got a raise. Boeing’s proxy filing Friday disclosed that when Calhoun started as CEO of Boeing in January of 2020, the board gave him a $7 million bonus package if he completed a list of goals
Continue Reading By Chris Isidore, CNN The nation’s major freight railroads have long desired to have only one crew member, a lone engineer, in the cab of their locomotives. And that desire hasn’t changed despite the derailment of a Norfolk Southern train on February 3 that released toxic chemicals into the air, water and soil of East
Continue Reading By Jordan Valinsky and Natasha Chen, CNN Disneyland has removed the “zip-a-dee-doo-dah” lyric played during its park parades because it comes from a movie that has been criticized for racist portrayals of Black Americans. The lyric initially appeared in the “Magic Happens” parade when it debuted in March 2020. The parade recently returned after a
Continue Reading By Nathaniel Meyersohn and Carma Hassan, CNN Walgreens on Friday said it will not distribute abortion medication in 20 states, bowing to pressure from anti-abortion lawmakers and lawsuits targeting the legality of medication abortion. The company said it will not dispense mifepristone, the first of two drugs in the medication abortion process, in 20 states
Continue Reading By Nathaniel Meyersohn and Carma Hassan, CNN Walgreens on Friday said it will not distribute abortion medication in 20 states, bowing to pressure from anti-abortion lawmakers and lawsuits targeting the legality of medication abortion. The company said it will not dispense mifepristone, the first of two drugs in the medication abortion process, in 20 states
Continue Reading By Olesya Dmitracova, CNN Russia could find itself with no money as soon as next year and needs foreign investment, outspoken Russian oligarch Oleg Deripaska has said. “There will be no money already next year, we need foreign investors,” he said at an economic conference in Siberia Thursday, according to comments reported by TASS, a
Continue Reading By Jeanne Sahadi, CNN The US Supreme Court decided this week to hear a case that will consider the constitutionality of funding for the Consumer Financial Protection Bureau and, in doing so, test the constraints of US regulators’ power. The case would be heard in the fall, with a decision likely by summer 2024. But
Continue Reading By Catherine Thorbecke, CNN Meta is cutting prices for two of its virtual reality headsets as it continues trying to boost adoption for the nascent technology on which it has bet its future. The company announced Friday that it is slashing the price of its higher-end Meta Quest Pro headset by some $500, bringing its
Continue Reading By Peter Valdes-Dapena, CNN Ford has some interesting ideas on what self-driving cars might soon be able to do. Besides freeing us from the tedium of commuting, the company envisions cars that could repossess themselves. According to a document recently published on the United States Patent and Trademark Office website, Ford said it is considering
Continue Reading By Danielle Wiener-Bronner, CNN Business The Raspberry Rally Girl Scouts cookie, a raspberry-flavored version of the beloved Thin Mint, was always supposed to be a limited edition item. Just not this limited. The new Girl Scouts cookie sold out in hours. Now, people desperate to try it can search eBay. The Girl Scouts would really
Continue Reading By Catherine Thorbecke, CNN Amazon is pausing construction on its second headquarters in northern Virginia, the company confirmed in a statement to CNN on Friday. John Schoettler, Amazon’s real estate chief, said the company is pushing back the groundbreaking of the second phase of the sprawling new headquarters. The first phase is still under construction
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