Hundreds of workers are expected to be laid off when automaker Stellantis closes an assembly plant in northern Illinois early next year, citing the challenge of rising costs of producing electric vehicles. The company, which employs about 1,350 workers at the Belvidere, Illinois plant, said the action would result in indefinite layoffs and it may …
Almost all Americans will be eligible to receive a dose of the updated COVID-19 vaccinesfollowing a decision to extend emergency use authorization for Moderna and Pfizer-BioNTech injections to most children as young as 6 months old. The Food and Drug Administration announced the expanded authorization on Thursday, allowing all recipients of Moderna’s COVID-19 vaccine to …
Updated COVID vaccines are allowed for young children, but some will have to wait Read More »
TOKYO (AP) — Asian stocks were mostly higher on Tuesday as market jitters eased over protests in China sparked by growing public anger over COVID-19 restrictions. Benchmarks rose in early trading in Australia, South Korea and China, while stocks fell in Japan. Oil prices have fallen. Japanese government data released on Tuesday showed the unemployment …
Asian stocks rise except for Japan as markets watch China protests Read More »
CNN — This holiday season is very different from last for many Americans, when Covid-19 testing shortages and an Omicron variant surge disrupted many family celebrations. But the country faces a new set of complex challenges in late fall and winter. Even though Covid testing as well as an updated reminder is widely available and …
Biden faces a wide range of challenges at home this holiday season | CNN Politics Read More »
hong kong CNN Business — A violent uprising by workers at the world’s largest iPhone factory in central China this week further clouds Apple’s strained supply chain and highlights how the country’s tough zero Covid policy is harming to global technology companies. The unrest began last month when workers left the factory campus in Zhengzhou, …
Apple has a huge problem with its supplier’s iPhone factory in China | CNN Business Read More »
Beijing/Hong Kong CNN Business — Workers at China’s largest iPhone assembly plant were seen confronting police, some in riot gear, on Wednesday, according to videos shared on social media. Videos show hundreds of workers confronting law enforcement officers, many wearing white hazmat suits, at the Foxconn campus in China’s central city of Zhengzhou. In the …
hong kong CNN Business — Market sentiment on Chinese stocks hit rock bottom just weeks ago after President Xi Jinping secured a historic third term in office and piled his best team with loyalists in a sweep not seen since Mao era. But last week, a series of unexpected moves from Beijing — the easing …
Americans could face the highest gas prices ever for the Thanksgiving holiday season, as millions prepare to hit the road amid still-high prices and inflation. The national average price of a gallon of gasoline is expected to hit $3.68 next Thursday, November 24, as Americans gear up for the holiday. That number is 30 cents …
