coronavirus

Automaker Stellantis will halt operations at the Belvidere, Illinois plant, which employs 1,350 people and builds Jeep Cherokee SUVs, citing rising costs to produce electric vehicles

Jeep lays off 1,350 workers at Illinois plant over rising costs to produce electric vehicles

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 …

Jeep lays off 1,350 workers at Illinois plant over rising costs to produce electric vehicles Read More »

Updated COVID vaccines are allowed for young children, but some will have to wait

Updated COVID vaccines are allowed for young children, but some will have to wait

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 »

Protests in China chill global markets |  CNN Business

Protests in China chill global markets | CNN Business

Editor’s note: A version of this story appeared in CNN Business’ Nightcap newsletter. To receive it in your inbox, subscribe for free, here. New York CNN Business — Over the weekend, mainland China experienced something it hadn’t seen in over 30 years: thousands of protesters flooding the streets, defying the Communist Party. The protests had …

Protests in China chill global markets | CNN Business Read More »

Apple has a huge problem with its supplier's iPhone factory in China |  CNN Business

Apple has a huge problem with its supplier’s iPhone factory in China | CNN Business

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 »

Workers at world's largest iPhone factory in China clash with police, videos show |  CNN Business

Workers at world’s largest iPhone factory in China clash with police, videos show | CNN Business

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 …

Workers at world’s largest iPhone factory in China clash with police, videos show | CNN Business Read More »

Global investors bullish on China again as Beijing shifts to damage control |  CNN Business

Global investors bullish on China again as Beijing shifts to damage control | CNN Business

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 …

Global investors bullish on China again as Beijing shifts to damage control | CNN Business Read More »

Americans have been warned to prepare for the highest Thanksgiving gas prices EVER as millions hit the road

Americans have been warned to prepare for the highest Thanksgiving gas prices EVER as millions hit the road

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 …

Americans have been warned to prepare for the highest Thanksgiving gas prices EVER as millions hit the road Read More »