SOCIETY

Meta takes on the US antitrust agency over the future of virtual reality

Meta takes on the US antitrust agency over the future of virtual reality

SAN JOSE, Calif./WASHINGTON, Dec 8 (Reuters) – The Biden administration on Thursday accused Meta Platforms Inc (META.O) of trying to buy its way to dominance in the metaverse, launching a high-profile lawsuit to try to stop parent Facebook from buying virtual reality app developer Within Inc. The FTC filed a lawsuit in July to end …

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Reaction to China's easing of COVID restrictions in major policy shift

Reaction to China’s easing of COVID restrictions in major policy shift

Dec 7 (Reuters) – China on Wednesday announced the most sweeping changes to its strict zero COVID policy since the pandemic began three years ago, easing rules that had curbed the spread of the virus but had hobbled the world’s second-largest economy worldwide and sparked protests. The easing of rules, which include allowing infected people …

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I'm 56 and plan to retire at 62.  I will have both public pensions and social security - but I also have a child starting college that I want to pay for.  Do I need professional help?

I’m 56 and plan to retire at 62. I will have both public pensions and social security – but I also have a child starting college that I want to pay for. Do I need professional help?

Getty Images/iStockphoto Question: I’m 56 and work for a state university, so I will have a state retirement plan. Previously, I worked full time and contributed to social security for 20 years. I still work part-time and contribute to social security. I plan to retire in six years when I turn 62, and recently started …

I’m 56 and plan to retire at 62. I will have both public pensions and social security – but I also have a child starting college that I want to pay for. Do I need professional help? Read More »

Opinion: High debts and stagflation will bring the mother of all financial crises

Opinion: High debts and stagflation will bring the mother of all financial crises

NEW YORK (Project Syndicate) – The global economy is heading for an unprecedented confluence of economic, financial and debt crises, following the explosion of deficits, borrowing and debt over the past few decades. In the private sector, the mountain of debt includes that of households (such as mortgages, credit cards, car loans, student loans, personal …

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Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside |  CNN Business

Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside | CNN Business

CNN Business — Amazon CEO Andy Jassy said on Wednesday that an “uncertain” economy had prompted the e-commerce giant to press ahead with rare and wide-ranging layoffs after it carried out a major wave of job losses. hiring during much of the pandemic. “We had the target for a very uncertain economic environment, as well …

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401(k) Hardship Withdrawals Hit an All-Time High of 'Worrying', Says Vanguard

401(k) Hardship Withdrawals Hit an All-Time High of ‘Worrying’, Says Vanguard

Amid stubbornly high inflation, a record proportion of Americans are turning their 401(k) accounts into emergency piggy banks, according to Vanguard. Dissecting data from a sample of about 5 million employer-sponsored 401(k) accounts that Vanguard manages, the researchers said that 0.5% of account holders made difficult withdrawals in October. It’s a “worrying” all-time high, said …

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Twitter is less secure due to Elon Musk's management style, says former top official |  CNN Business

Twitter is less secure due to Elon Musk’s management style, says former top official | CNN Business

CNN Business — The dictatorial management style of Twitter owner Elon Musk risks driving the company headlong into unforced business mistakes, content moderation disasters and the degradation of the platform’s core features that help protect vulnerable users, according to a former top Twitter executive who led the company’s content moderation before quitting abruptly. this month. …

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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 …

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Layoffs, ultimatums and the ongoing saga of blue ticks: Elon Musk's first month on Twitter |  CNN Business

Layoffs, ultimatums and the ongoing saga of blue ticks: Elon Musk’s first month on Twitter | CNN Business

CNN — Sunday officially marks a month since the world’s richest man took over as Twitter’s helm. Around that time, Elon Musk launched mass layoffs and gave remaining employees a cryptic ultimatum, reinstated the accounts of controversial figures including former President Donald Trump, and launched — and then rejected — a plan to bill employees. …

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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, …

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