(Bloomberg) – Comments by Apple Inc. executives and policies imposed on employees have been deemed illegal by US National Labor Relations Board prosecutors, who say they violate workers’ rights. Bloomberg’s Most Read The NLRB’s General Counsel’s Office determined that “various work rules, handbook rules and confidentiality rules” imposed by the tech giant “tend to interfere … Read more
Famous short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the street [since] 1980 [and] no bear market has ever traded above nine times to 14 times previous peak earnings,” the Chanos & Co. founder told CNBC’s “Fast Money” on Monday. His latest warning comes in the middle of the … Read more
Jan 30 (Reuters) – Ford Motor Co (FN) slashed prices of its Mustang Mach-E SUV electric crossover by up to $5,900 per vehicle on Monday, weeks after rival Tesla Inc (TSLA.O) slashed prices globally on its electric vehicles by up to 20%. Ford shares closed 2.9% lower in above-average trading at $12.89. Tesla fell 6.3%. … Read more
Dow Jones futures were higher in extended trade after the Dow Jones Industrial Average fell 260 points on Monday. The Federal Reserve policy meeting is the headline of the week, along with the big results of Amazon (AMZN), Apple (AAPL), Alphabet (Google T Metaplatforms (META). X Fed meeting, big results The Fed’s two-day meeting begins … Read more
Jan 30 (Reuters) – A U.S. appeals court on Monday dismissed an attempt by Johnson & Johnson (JNJ.N) to offload tens of thousands of lawsuits over its talc products in bankruptcy court. The ruling marked the first major repudiation of an emerging legal strategy that could upend US corporate liability law. J&J is among four … Read more
Showtime will no longer be a standalone brand. Paramount Global revealed on Monday that the company is renaming the premium cable network to “Paramount+ with Showtime” as part of a far-reaching change that also brings the two brands closer together in the streaming world. Later this year, Showtime, which already saw major changes last year … Read more
The Biden administration has stopped providing US companies with export licenses to Huawei as it prepares to impose a total ban on the sale of US technology to the Chinese telecommunications equipment giant. Several people familiar with the discussions within the administration said the Commerce Department had notified some companies that it would no longer … Read more
Researchers from Stanford University and the US Department of Energy’s SLAC National Accelerator Laboratory have identified the causes of lithium metal battery shorts and failures, which could help avoid the problem during production future of batteries. As a result of this discovery, high-energy-density, fast-charging, non-flammable lithium metal batteries that last a long time could overcome … Read more
An employee stands next to a Whirlpool washing machine at a home appliance showroom in New Delhi. Anindito Mukherjee | Reuters Check out the companies making headlines after the bell: NXP Semiconductors – Shares of NXP Semiconductors fell 3% in extended trading after its first-quarter earnings outlook fell short of analysts’ expectations, according to FactSet. … Read more
Announcement of the opening date of the new KCI airport terminal City officials made the announcement during a ceremony at the new terminal Updated: 4:18 PM CST January 30, 2023 Hide transcript View Transcript very happy to announce that we have an airport terminal that will be on time and on budget And thanks to … Read more
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