Economy

TikTok CEO Shou Zi Chew testifies before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill on March 23, 2023 in Washington, DC.Chip Somodevilla | Getty Images News | Getty ImagesTo spot and remove offensive posts, TikTok has tens of thousands of Ireland-based workers tasked with content moderation, CEO… […]

In this image from video released by the Santa Fe County Sheriff’s Office, Alec Baldwin stands in costume and speaks with investigators following a fatal shooting last year on a movie set in Santa Fe, N.M. on Friday, Nov. 11, 2022Santa Fe County Sheriff’s OfficeNew Mexico prosecutors announced Thursday they will be dismissing manslaughter charges… […]

Sopa Images | Lightrocket | Getty ImagesTwitter removed blue legacy check marks from nonpaying users’ accounts on Thursday, weeks after the Elon Musk-owned company initially announced that the changes would begin.The company confirmed on Wednesday that it would begin removing the blue check marks from users who didn’t pay for the company’s subscription service, Twitter… […]

Stocks that investors might expect to be shorted in the buildup to a recession are doing very well, buoying their whole sectors, CNBC’s Jim Cramer said Thursday.There are certain kinds of industries that have historically been targeted by short sellers in the run-up to recession, Cramer said, including railroads, semiconductors, homebuilders and automakers.related investing newsSteel… […]

Reusable shopping bag with logo at Whole Foods Market grocery store in Dublin, California. Smith Collection/Gado | Archive Photos | Getty ImagesAmazon’s Whole Foods is letting go some corporate employees as part of a planned reorganization of select teams, and as its parent company closely examines costs.Whole Foods plans to reorganize certain global and regional support… […]

GameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer’s chief executive, chairman and president effective immediately — and he won’t be collecting a salary.Shares of the company fell 1.8%.GameStop’s board, with Cohen abstaining, unanimously voted to appoint the entrepreneur as the retailer’s top executive on Wednesday.… […]

Delta Air Lines Boeing 717-200 airplane as seen on the final approach landing at New York JFK John F. Kennedy International Airport, NYC, USA.NurPhoto / ContributorDelta Air Lines CEO Ed Bastian said the airline will make “modifications” in the next few weeks to its loyalty program after a recently announced overhaul that would make it… […]

A Chinese flag is displayed next to a “Made in China” sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Florence Lo | ReutersRevenue from China’s top chip equipment makers surged in the first half of the year, research released Thursday showed, as Beijing continues to aim… […]

Executive Vice President and European Commissioner for Trade Valdis Dombrovskis.Pedro Pardo | Afp | Getty ImagesNon-Chinese brands of electric cars, such as Tesla and BMW, could be examined as part of an ongoing subsidy investigation on China that the European Union kicked off earlier this month.”There’s a lot of speculation, but at this stage the… […]

VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023.Lisa Baertlein | ReutersVietnamese electric vehicle maker VinFast’s ambitious plan to deliver as many as 50,000 vehicles this year is “unrealistic,” according to one analyst.VinFast said it expects to deliver 40,000 to 50,000 vehicles in 2023… […]