Business & Economy: 9 of 10
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161.
+29
Google asks some employees to share desks amid office downsizing
is asking cloud employees and partners to share their desks and alternate days with their desk mates starting next quarter, citing “real estate efficiency,” CNBC has learned. The new desk-sharing model will apply to Google Cloud’s five largest U.S. locations — Kirkland, Washington; New York City; San Francisco; Seattle; and Sunnyvale, California — and is happening so the company “can continue to invest in Cloud’s growth,” according to an internal FAQ recently shared with cloud employees and viewed by CNBC. Some buildings will be vacated as a result, the document noted.
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162.
+30
Apple Pay to Launch in South Korea This Year Following Regulator Approval
After years of discussions with local authorities, Apple Pay in South Korea has been approved by the financial regulator, paving the way for the mobile payment system to launch in the first half of this year (via The Korea Herald). The FSC emphasized that credit card firms should not transfer fees arising from the use of Apple Pay to customers or shops, while calling for measures to ensure customer protection from such risks as the theft of personal information.
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163.
+17
These Billionaires Sold The Most Stock So Far In 2023
Twenty-one of the world’s richest people, including Larry Ellison and Rob Walton, have unloaded shares worth more than $9 billion combined in the first half of this year.
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164.
+28
Ford patents car that can repossess itself and drive back to showroom
Ford has been granted a patent for a system that allows a car to repossess itself if its owner fails to keep up with payments. The firm envisions the car driving itself back to the showroom – or to a scrapyard if the value of the car is low. But a security expert warns that the proposed system could instead be used to steal cars remotely.
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165.
+16
Inflation cooled significantly in June, bringing price hikes close to normal levels
The inflation data arrives as the Federal Reserve weighs another rate hike.
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166.
+19
Twitch apologises as streamers leave after adverts row
Twitch has apologised, after a backlash over new advertising rules. The Amazon-owned livestreaming service had said it would restrict the size and type of ads used by streamers who create content on Twitch. This would have substantially reduced the ways in which streamers generate income on the platform.
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167.
+21
Foxconn commits $500 million to set up new manufacturing unit in India
Apple’s largest contract manufacturer Foxconn, or Hon Hai Precision Industry Co, has committed to investing $500 million in setting up a new manufacturing unit in the Indian state of Telangana. “Demonstrating the ‘Telangana Speed’, I am happy to announce the groundbreaking of first of Foxconn’s plants in Telangana at Kongar Kalaan today. With an investment of over $500M it shall create 25,000 direct jobs in first Phase,” Telangana’s IT minister KT Rama Rao said in a tweet.
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168.
+21
Helion announces world’s first fusion energy purchase agreement with Microsoft
Helion Energy (Helion) today announced an agreement to provide Microsoft electricity from its first fusion power plant. Constellation will serve as the power marketer and will manage transmission for the project. The plant is expected to be online by 2028 and will target power generation of 50 MW or greater after a 1-year ramp up period.
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169.
+31
Apple's iconic '1984' Super Bowl ad aired on this day 39 years ago
Almost 40 years ago, Apple Computer aired its now-iconic commercial introducing the Macintosh during Super Bowl XVIII. Although “1984” became a cultural phenomenon and a watershed moment for product launches, Apple’s Board of Directors was against it from the start.
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170.
+33
The office is dead
Forget the ongoing debate about remote work or hybrid workplaces. It's time to proclaim: "Long live working from home."
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171.
+24
US hands China easy PR win with TikTok show
US lawmakers are expected this week to continue their push to ban the country’s fastest-growing social media platform, TikTok, after the company’s CEO fell short of assuaging concerns about the app’s supposed national security risks.
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172.
+31
Here's How Apple Has Avoided Layoffs and May Fare Better Than Peers
The combination of rising interest rates and ongoing inflation have led to cooling customer demand and shrinking advertising budgets lead Amazon, Microsoft, and now Google to dramatically hired like mad during the early pandemic years, but are now looking to rein in their spending.
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173.
+30
What is Google doing with its open source teams?
Nothing good – the recent layoffs hit its best and brightest leaders hard
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174.
+23
Blockbuster ‘laughed us out of the room,’ recalls Netflix cofounder on trying to sell company now worth over $150 billion for $50 million
Marc Randolph, who cofounded Netflix with Reed Hastings in 1997, sees a lesson in a key moment from the company's history.
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175.
+27
Dell and partners smash patent troll WSOU in court
The most patent-friendly court in the land just rules against a major patent troll. Miracles--and a really bad case--do happen.
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176.
+21
Judd Apatow Says Studios May Not Want to Quickly Resolve Writers Strike: ‘They’ve Probably Been Planning This for Years’
Judd Apatow thinks the studios and streamers already have an idea of when the writers strike may end. “I think they probably already know what they’re going to bend on,” Apatow told Variety S…
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177.
+27
Capitalism Makes Everyone Bend to Its Will, Rich and Poor Alike
In his new book Mute Compulsion, Søren Mau argues that to understand and end capitalism, we need to analyze how it not only subordinates the poor to the rich but in fact exerts economic power over everyone — including capitalists themselves.
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178.
+19
Trying to Boost Retail Sales? Here's How Geofencing Can Help.
In this article, we'll take an in-depth look at geofencing marketing and discuss how it's helping retailers increase foot traffic and boost sales.
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179.
+29
Short selling Adani: how an obscure US firm profited from triggering the Indian giant's price plunge
Activist short selling is certainly controversial. But it’s not necessarily illegal nor unethical.
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180.
+17
Ryan Murphy Set to Leave Netflix for Disney
The mega-producer will reunite with Dana Walden at the Mouse House.