Simone Del Rosario
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China’s COVID reopening will drag on growth, could cause 1 million deaths
Three years in, people in China are finally feeling freedom from the country’s most rigorous COVID-19 protocols. But some worry that freedom is sending COVID-19 cases surging, putting pressure on subpar health care systems with the potential to stall growth. What then happens to the world’s second largest economy? For the first time, people in… -
Meta facing scrutiny from FTC, EU and oversight board
Meta is finding itself in multiple crosshairs at the same time this week. Facebook’s parent company is facing challenges from the U.S. government, European Union and its own oversight board. Meta vs. the FTC In a huge antitrust case Thursday, the Federal Trade Commission will try to convince a judge to block Meta’s $400 million… -
Biden touts CHIPS Act success with $40B Arizona semiconductor investment
On Tuesday, President Joe Biden touched down in Arizona to tout a $40 billion investment by one of the world’s largest makers of semiconductors. Taiwan Semiconductor Manufacturing Company (TSMC) is opening a second chip plant in the state, upping its recent Arizona investment of $12 billion. According to TSMC, the $40 billion commitment is the… -
Apple losing appetite for China, plans to move some production elsewhere
The violent protests that shook the largest iPhone factory in the world have apparently changed Apple’s appetite for China. According to a Wall Street Journal report, the company is speeding up plans to shift some production out of the country that dominates its supply chain. Apple is reportedly telling suppliers to plan for assembly in… -
Nevada’s hot streak: Gambling revenue tops $1 billion for 20 straight months
Nevada gambling revenue topped $1 billion for the 20th consecutive month in October, bringing in $1.28 billion in “gaming wins,” according to the Nevada Gaming Control Board. The Silver State’s hot streak has it on pace to break the annual gambling revenue record set last year. October’s gambling revenue total is 4.8% higher than a… -
Ronaldo, Messi among World Cup’s top-paid soccer stars but not No. 1
The best soccer players in the world make more than the top athlete in any other sport. Their salaries and endorsement deals eclipse the biggest names in basketball, American football or even boxing. Now, the best of the best are on display at the World Cup in Qatar. Here are the highest paid footballers in… -
Rail strike impacts effectively start this weekend as Congress rushes to avert
Congress appears poised to back President Joe Biden in thwarting a potential holiday rail strike that could cost the U.S. economy $2 billion per day. But the deadline on impacts of a looming strike is barreling down the stretch quicker than some may realize. “While the actual deadline of the railroads being shut down is… -
China protests mark rebellion unseen in decades, direct challenge to Xi
After nearly three years of unrelenting COVID-19 measures, a growing number of people in China have had enough. A deadly fire in the Xinjiang region this past week fueled the outrage, where many believe a COVID-19 lockdown delayed emergency response. Ten people died in the apartment blaze, unable to escape. Now protests are sparking up… -
Iranians clash at World Cup, potential rail strike looming
Iranians clash at the World Cup as the U.S. gets ready to kick off against England, and a rail strike with potential to cripple America’s supply chain looms. These stories and more highlight the midday update for Friday, Nov. 25, 2022. Iran supporters harass protesters at World Cup Iranians clashed at the World Cup today… -
Black Friday amid inflation; frustration over China COVID lockdowns
Americans take part in Black Friday amid record inflation; Musk grants Twitter amnesty; and Covid lockdown frustrations are growing in China. These stories and more highlight the morning rundown for Friday, Nov. 25, 2022. Black Friday begins amid record inflation It’s the biggest shopping weekend of the year and Americans are ready for deals after… -
Bankman-Fried, Holmes not the only infamous billionaires to get busted
Stepping into the limelight as the next up-and-coming billionaire brings a lavish lifestyle and a lot of media attention. But is being called the next Warren Buffett or Bill Gates a compliment or something else? Some wonder if being compared to the Oracle of Omaha in print is a curse, similar to the Sports Illustrated… -
Violent protests in China rock world’s largest iPhone factory
Workers clashed with police at the world’s biggest iPhone production plant amid protests over compensation and COVID-19 restrictions on Wednesday. Videos on social media authenticated by the Associated Press showed authorities beating employees at the Foxconn facility in Zhengzhou, China. One of the videos circulating online show dozens of riot police officers storming the factory… -
Biden administration reverses Trump-era rule on ESG retirement investments
The Labor Department is clearing a path for people to consider climate change and other environmental, social and governance factors when choosing retirement plans. The move reverses a Trump-era ruling that restricted financial firms to only consider how investments perform when determining what plans it would offer participants. ESG funds purportedly screens companies for positive…
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Musk urges followers not to donate to Wikipedia, alleges editorial bias
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New Hampshire congresswoman ready to pass baton to younger lawmakers
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YouTube cracks down on clickbait with new enforcement measures
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No holiday celebrations: Coaching changes day after Christmas
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Trump announces pick for US ambassador to Panama
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