business news
House passes legislation to enshrine a right to contraception in federal law
Representative Kathy Manning, a Democrat from North Carolina, speaks during an event ahead of the passage of H.R. 8373, the Right to Contraception Act, at the US Capitol in Washington, D.C., on Wednesday, July 20, 2022. Al Drago | Bloomberg | Getty Images WASHINGTON — The House voted Thursday to pass legislation to codify the right […]
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Chinese TikTok owner increased U.S. lobbying spending by 130% this quarter
Rafael Henrique | Sopa Images | Lightrocket | Getty Images TikTok’s Chinese parent ByteDance had its biggest lobbying quarter ever, spending more than $2.1 million in the second quarter to lobby the U.S. government, according to its disclosure filed Wednesday in a federal database. That represents a 130% increase from ByteDance’s spending the previous quarter […]
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Facebook goes old school with a new feed that favors friends and family
Facebook is launching a new feature on Thursday that lets users see posts in reverse chronological order rather than content that’s been ranked by an algorithm. Called “Feeds,” the tool is a dedicated tab in the Facebook app that shows all the latest posts from users’ friends. The main news feed will now be known […]
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President Biden tests positive for Covid-19, has mild symptoms
President Joe Biden has tested positive for Covid-19, the White House said Thursday. The 79-year-old president, who is fully vaccinated and has received two Covid booster shots, is experiencing “very mild symptoms,” press secretary Karine Jean-Pierre said in a statement. Biden previously tested negative on Tuesday. Biden has begun taking Paxlovid, an antiviral pill that […]
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Ricky Martin’s nephew drops allegations of sexual relationship, judge ends temporary restraining order
Singer Ricky Martin during the amfAR Cannes Gala 2022 at Hotel du Cap-Eden-Roc on May 26, 2022 in Cap d’Antibes, France. Gisela Schober | German Select | Getty Images A judge on Thursday decided to not extend a temporary restraining order placed against Ricky Martin this month by his nephew after the relative dropped the case. In […]
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Crypto startup Blockchain.com lays off 25% of staff as 3AC fallout spreads
Blockchain co-founder and CEO Peter Smith speaks during the Web Summit tech conference in Lisbon, Portugal on November 6, 2018. Pedro Fiúza | NurPhoto via Getty Images Crypto startup Blockchain.com says it is laying off 25% of its staff, citing harsh market conditions. The cuts translate to about 150 roles at the firm. The company […]
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Amazon is starting to deliver packages with Rivian electric vans
Amazon said Thursday it will begin to start using electric vans developed in partnership with Rivian to make deliveries. Amazon Amazon is beginning to roll out some of the electric delivery vans that it developed with Rivian Automotive, the companies announced Thursday. In September 2019, Amazon founder and then-CEO Jeff Bezos stood on stage at […]
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Amazon’s first U.S. union faces an uphill battle after historic win at Staten Island warehouse
When more than 2,600 workers at a Staten Island, New York, warehouse called JFK8 voted to join Amazon’s first U.S. union in April, it was a historic moment. But it was only the first step in a long uphill climb toward a contract. A week after the union won the election at JFK8, Amazon filed […]
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Airbnb co-founder Joe Gebbia is stepping down
Joe Gebbia, co-founder of Airbnb and chairman of Airbnb.org, during South By Southwest (SXSW) festival in Austin, Texas, U.S., on Sunday, March 13, 2022. Matthew Busch | Bloomberg | Getty Images Airbnb co-founder Joe Gebbia announced Thursday he is stepping down from his role in the company. The 40-year-old has been with the company since […]
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Ford reassures investors it has the battery supplies it needs for ambitious EV goals
Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images Ford Motor said Thursday that it has secured 100% of the battery supplies needed to deliver electric vehicles at a rate of 600,000 per year by […]
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