dailystarx

News and Magazine

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN  —  Thursday afternoon will round out what has so far been a sobering earnings season…

read more

CNN  —  The Interior Department’s Bureau of Land Management on Wednesday advanced the controversial Willow oil drilling project on Alaska’s North Slope, releasing the final environmental impact statement before the project can be approved. The ConocoPhillips proposed Willow drilling plan is a massive and decadeslong project that the state’s bipartisan Congressional delegation says will create…

read more

CNN  —  PayPal said Tuesday it plans to lay off about 2,000 employees, or roughly 7% of its staff, making it the latest tech firm to announce significant job cuts in recent months amid broader economic uncertainty. In a memo to staff announcing the layoffs, PayPal CEO Dan Schulman referred to the “challenging macro-economic environment”…

read more

Washington CNN  —  Apple has illegally imposed rules on its employees that prohibit them from discussing their wages and engaging in other protected activity, according to investigators at the National Labor Relations Board. The findings by NLRB agents determined that “various work rules, handbook rules, and confidentiality rules at Apple” are unlawful because they “reasonably…

read more

Hong Kong CNN  —  China has hit back after reports that Washington is moving to further restrict sales of American technology to Huawei. “China is deeply concerned,” Mao Ning, a spokesperson for the country’s foreign ministry, said at a press conference Tuesday. The Financial Times reported earlier that the US Commerce Department had notified some…

read more

CNN  —  President Joe Biden and senior administration officials are embarking on a travel swing this week, showcasing what they see as successful measures to rebuild America’s ailing infrastructure. In what’s been described as a preview of some of the messaging for next week’s State of the Union address, Biden, Vice President Kamala Harris and…

read more