Business & Economy: 7 of 10
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121.
+22
Chinese automaker BYD will create an EV hub in Brazil at an old Ford plant
BYD, the popular Chinese EV automaker, plans to invest 3 billion reais ($620 million) in a new Brazilian manufacturing hub, as it looks to build a larger presence in South America The industrial complex will be built in the northeastern state of Bahia, in the town of Camaçari, where BYD bought a Ford plant that closed in 2021.
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122.
+22
Netflix Likely To Benefit As Rivals Sell Content To Raise Cash: Analyst
The media companies that helped Netflix grow by selling the streamer their best content on the cheap may be making the same strategic blunder again. While Netflix’s original programming gets a lot of attention, acquired content represents a large and stable share of viewing by Netflix subscribers. The supply of acquired content dried up as media companies raced to build their own streaming services and add subscribers. That’s changing.
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123.
+30
Amazon beats expectations in first quarter earnings as shares jump 11%
E-commerce behemoth, in the midst of aggressively cutting costs including laying-off 27,000 workers, reported revenue growth
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124.
+26
Fidelity has cut Reddit valuation by 41% since 2021 investment
Fidelity, the lead investor in Reddit's most recent funding round, has cut the estimated value of its stake in the social platform by 41%.
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125.
+29
Shopify to reduce workforce by 20%, sells logistics business to Flexport for 13% equity
Shopify is laying off 20% of its workforce, impacting some 2,000 people, and is selling its logistics business to Flexport for 13% in stock.
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126.
+26
Massive amount of funds reportedly poured into Apple high-yield savings accounts upon rollout
A massive amount of funds reportedly got poured by Apple credit cardholders into the high-yield savings accounts offered by the tech giant with Goldman Sachs upon their rollout. The amount of deposits the Apple savings accounts saw in the four days after they became available reached up to $990 million, Forbes reported Monday. The outlet cited a pair of anonymous sources for the figure.
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127.
+29
Some Apple staff are sounding off about Tim Cook's back-to-office drive and say it's 'silly, and very un-Apple'
Some Apple staff are not happy about CEO Tim Cook's back-to-the-office drive, which he's previously said was essential for the company. The iPhone maker emailed employees in March threatening to take action against those not going in at least three days a week.
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128.
+23
Apple could force a 111-year-old fruit company to change its apple logo
Apple wants to trademark an image of an apple in Switzerland, and this could force a 111-year-old fruit company to change its logo.
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129.
+29
Microsoft / Activision deal prevented to protect innovation and choice in cloud gaming
The CMA has prevented Microsoft’s proposed purchase of Activision over concerns the deal would alter the future of the fast-growing cloud gaming market, leading to reduced innovation and less choice for UK gamers over the years to come.
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130.
+28
The downfall of Brydge: iPad keyboard company folds, leaving staff unpaid and customer orders unfulfilled
Brydge, a once thriving startup making popular keyboard accessories for iPad, Mac, and Microsoft Surface products, is ceasing operations. According to nearly a dozen former Brydge employees who spoke to 9to5Mac, Brydge has gone through multiple rounds of layoffs within the past year after at least two failed acquisitions.
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131.
+27
Big Tech Is Taking Cues From Big Tobacco’s Playbook
Alongside tireless political lobbying, Big Tech has infiltrated the academic institutions studying and often promoting AI — with little regard for the potentially catastrophic downsides.
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132.
+21
Recyclers reject most plastic. This company turns it into furniture.
Packaging for lotion, toothpaste, and makeup is a recycling disaster. But ReFactory, a UK-based family business, has a complex process to give it a new life. It makes plywood-like plastic boards and turns them into furniture, planters, and more.
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133.
+30
The challenges of shadow IT in a bring-your-own-cloud world
A long time ago, in an IT company far, far away, I would carry in a Compaq Portable so I could get my work done. | Bring your own cloud is a thing, and it's a headache.
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134.
+24
Ford reverses plan to ditch AM radio after congressional attention
Pending legislation would mandate an AM radio in all new cars.
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135.
+20
Open source licenses need to evolve to deal with AI
Time to get with the program... before artificial intelligence does
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136.
+26
My High-Flying Life as a Corporate Spy Who Lied His Way to the Top
I was just looking to make rent when I stumbled into a part-time gig stealing secrets from Wall Street elite. I made millions once I realized how desperate we humans are for someone who will actually listen.
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137.
+24
37 Desk Organization Ideas: The Well-Kept Guide
If you’re tired of your cluttered desk getting in the way of focused work, this article will give you everything you need to create the perfect desk setup for your needs.
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138.
+23
The Great Rebundling: Who Will Figure Out How to Rebuild Pay TV First?
At this point in the streaming wars, bundling, rather than M&A, is back in the spotlight. During a May 18 investor conference, Warner Bros. Discovery CEO David Zaslav was asked whether he would be interested in exploring a sports- and news-led “skinnier bundle” with content from the streamers.
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139.
+21
Exclusive: Shell pivots back to oil to win over investors
Shell (SHEL.L) will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits are booming, company sources said. Sawan will announce at an investor event next week the scrapping of a target to reduce oil output by 1% to 2% per year having already largely reached its goal for production cuts, mainly through selling oil assets such as its U.S. shale business, the three sources said.
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140.
+24
'Regenerative agriculture' is all the rage - but it's not going to fix our food system
We know industrial farming needs to change. But regenerative agriculture may not be the transformation our global food system needs.