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Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus

Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus

hong kong CNN Business — Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces at the compound in central China. The Apple supplier made the offer Wednesday following dramatic scenes …

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Get paid through Venmo, Etsy or Airbnb?  Here's what you need to know before tax season

Get paid through Venmo, Etsy or Airbnb? Here’s what you need to know before tax season

If you get paid through apps like Venmo or PayPal or platforms like Etsy or Airbnb, preparing your taxes next year may be a little more confusing than usual. HAS new tax reporting rule requires third-party payment platforms to issue you and the IRS a 1099-K for business transaction payments if they add up to …

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Starbucks closes location that was the first to unionize in Seattle

Starbucks closes location that was the first to unionize in Seattle

New York CNN Business — Starbucks is closing the store in Seattle where employees were the first to vote to form a union in the chain’s home city. A company spokesperson cited safety concerns, saying that “unfortunately, despite several mitigating efforts, safety and security incidents at our Broadway and Denny store have continued to escalate.” …

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HP says it will lay off thousands of workers over the next couple years

HP says it will lay off thousands of workers over the next couple years

CNN Business — HP Inc. announced on Tuesday that it will lay off thousands of workers over the next three years, becoming the latest tech company to significantly downsize staffing amid a souring economic climate. The computer maker disclosed the major job cuts in a statement accompanying its lackluster quarterly earnings report on Tuesday afternoon, …

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Surprise: Dollar Tree's $1.25 price strategy is actually working

Surprise: Dollar Tree’s $1.25 price strategy is actually working

New York CNN Business — When Dollar Tree said it would raise prices to $1.25 after 35 years sticking to $1, some fans protested and industry analysts questioned the decision. A year later, the controversial move appears to be paying off. Higher prices have added to Dollar Tree’s sales. The switch has also allowed the …

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Elon Musk has upended Twitter's business.  Here's how he could fix it

Elon Musk has upended Twitter’s business. Here’s how he could fix it

New York CNN Business — Much of Twitter’s ad sales team has been fired or pushed out. Large companies from General Mills to Macy’s have paused advertising on the platform, with more potentially following suit after new owner Elon Musk’s decision to restore the account of former President Donald Trump and other controversial figures. And …

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As Meta and Twitter slash staff, TikTok plans to keep hiring

As Meta and Twitter slash staff, TikTok plans to keep hiring

CNN — 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 matter confirmed to …

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Apple store car crash: 1 dead, at least 19 injured after car drives through Massachusetts store

Apple store car crash: 1 dead, at least 19 injured after car drives through Massachusetts store

CNN — One person is dead and at least 19 people are injured after a car drove through an Apple store in Hingham, Massachusetts, the Plymouth County District Attorney’s Office said Monday. Police identified Kevin Bradley, 65, of New Jersey, as the man who died at the scene, according to a news release from the …

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PG&E receives $1.1B federal grant to keep Diablo Canyon nuclear plant online

PG&E receives $1.1B federal grant to keep Diablo Canyon nuclear plant online

CNN — Nuclear energy in California got a jolt of financial support from the Biden administration on Monday as the US Department of Energy awarded a $1.1 billion grant to Pacific Gas & Electric to help extend the life of its Diablo Canyon Power Plant on the central California coast. The Diablo plant was scheduled …

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Twitter won't restore Alex Jones' account, Musk says

Twitter won’t restore Alex Jones’ account, Musk says

Washington CNN Business — 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 …

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