Who is Shou Zi Chew, the TikTok CEO testifying before Congress?
Shou Zi Chew took over as TikTok CEO in 2021.
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Apple will spy on workers to enforce return-to-office mandate: report
The iPhone maker will review badge records to track attendance at its corporate offices in an effort to crack down on workers who stay remote.
Pornhub takeover is about tech — not sex: sources
Some industry insidersbelieve that human porn stars are destined to become a relic of the past and that they’ll be replaced by computer-generated stars.
Catskills resort town’s election thrown into limbo amid voter fraud accusations
“One guy came directly from his farm given the amount of dust and debris he still had on him and we also saw a lot of people we don’t normally see at the polls,” said Christine Panas who runs a local coffee shop.
Interview: Marco Rubio on why an outright TikTok ban is the only solution
"This app is all about half-truths," Rubio said. "It’s a smokescreen."
Kyrsten Sinema ignoring Democratic donors who want their money back: sources
Neither the senator nor her staff are even bothering to respond anymore, a source said.
JPMorgan scooped up most of Silicon Valley Bank’s fleeing customers: sources
“In a fire drill situation – you just need to move your money to the safest bank,” said one venture capitalist who advised his founders to move money from SVB to JPMorgan.
Beijing’s population has fallen for the first time since 2003
China’s demographic crisis has reached its capital city. Read more...
3 ways executives can strengthen company culture in a hybrid workplace
In the past three weeks, I’ve traveled to the UK, Singapore, and Vietnam. All were for different purposes—from an annual user conference to an office opening to a strategic offsite. While international travel isn’t anything new to me, my approach to how I spend my time on the
Switzerland is giving weed a try as cannabis legalization gains steam in Europe
This summer some residents of Zurich will be as high as the alps. The city and the University of Zurich will launch a study titled “ Züri Can—Cannabis with Responsibility ” that will examine the possibilities and effects of the regulated sale and consumption of the drug
Jack Dorsey's fintech company Block is being accused of facilitating criminal activity
Hindenburg Research announced that Block—the wide-ranging fintech company founded by former Twitter CEO Jack Dorsey—was its latest short position, after accusing the company of widespread fraud in its performance metrics. Read more...
Ford warns of $3B loss on electric vehicle business for 2023
But the company expects its first generation of EVs, including the F150 Lightning and Mustang Mach E, to be profitable on a pretax basis by the end of 2024.
Walmart laying off hundreds in ominous sign for economy
Walmart has been investing heavily in automation over the past few years.
Dow gives up 400-point gain but still ends positive in wild trading
Wall Street's main indexes had closed sharply lower on Wednesday after Fed Chair Jerome Powell said the central bank was still intent on fighting inflation even as he flagged credit issues.
What Barbie tells you about near-shoring
Supply chains are neither global nor local. They are both
Can Adidas ever catch up with Nike?
The German firm’s new boss has his work cut out
The real next big thing in business automation
Process mining will help automate business long before chatbots do
Every setback is an opportunity for Ryanair
Europe’s biggest airline has once again outmanoeuvred rivals
Loans firm Amigo to halt lending and wind down
The struggling high-cost firm has immediately halted all lending after failing to secure cash from investors.
Watch live: TikTok CEO grilled on Capitol Hill as platform faces potential US ban
TikTok CEO Shou Zi Chew is testifying on Capitol Hill for the first time.
The price of Humira's biosimilars can uncloak the secret villain of US drug pricing
Pharmaceutical giant AbbVie was able to delay competition to its blockbuster arthritis drug, Humira , into the US market for many years. But Americans can finally choose from one of several arthritis biosimilars, as generics for complex molecule drugs are known. Read more...
Short seller Hindenburg accuses Jack Dorsey’s Block of ‘facilitating fraud’
Hindenburg on Thursday alleged that Block overstated its user numbers and understated its customer acquisition costs.
Markets skittish after Yellen rules out ‘blanket’ protection for bank deposits
Yellen's comments came on the same day Fed Chair Jerome Powell announced an interest rate hike of a quarter point.
China would ‘firmly oppose’ Biden’s call for forced TikTok sale
TikTok CEO Shou Zi Chew is set to be grilled on Capitol Hill by US lawmakers on Thursday.
US weekly jobless claims edge lower to 192,000
Initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 192,000.
Ford doesn’t think its EV business will be profitable for at least another year
Ford is finally giving investors what they want: a price-tag on its electric vehicle revolution. Read more...
IKEA UK has signed a legally binding deal to tackle sexual harassment
IKEA UK has entered into a two-year legal commitment with the UK’s equality watchdog to improve the way it deals with sexual harassment. The agreement follows a February 2022 complaint by a former employee that the company allegedly failed to handle appropriately. Read more...
A fresh idea for gathering remote and hybrid employees together
I’m always on the look out for fresh ideas in the world of work—ideas that help a company operationalize their culture or strengthen their operations (which creates better work for their employees, by the way). Enter the unique way that Hotjar encourages their remote employees
Interest rate rise: Bank of England more hopeful on UK economy
Andrew Bailey's comments come as the Bank raises interest rates to 4.25% to try to combat inflation.
A cash crunch and an expensive dollar are squeezing Unilever out of Nigeria
Unilever is cutting down production in Nigeria. The company has cited the country’s worsening economic condition for its move, which could now add to the woes of Africa’s biggest economy. Read more...
