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

Hong Kong CNN Business — A violent workers’ revolt at the world’s largest iPhone factory this week in central China is further scrambling Apple’s strained supply and highlighting how the country’s stringent zero-Covid policy is hurting global technology firms. The troubles started last month when workers left the factory campus in Zhengzhou, the capital of … Read more

The mall where Black Friday refuses to die

Bloomington, Minnesota CNN Business — The rise of e-commerce in recent years has taken its toll on in-person shopping, felling brick-and-mortar stores and once popular malls in the process. As a result, Black Friday, the traditional first day of the Christmas shopping season and a day once known for door-busting deals and hordes of holiday … Read more

Thanksgiving used to be a movie feast. This year? Slim pickings

new York CNN Business — Thanksgiving weekend has historically offered a cornucopia of films, letting moviegoers get out of the house and kick back after eating copious amounts of turkey, mashed potatoes and pie. But this year the movie menu is pretty sparse. The North American box office has few new films this weekend that … Read more

Nexperia and Elmos cases show how the US-China chip war is spilling over to Europe

Hong Kong CNN Business — Two European chip deals have run into trouble over their links with China, a sign of concern spreading in the West over potential Chinese control of critical infrastructure. Last week, the new owner of Britain’s biggest chipmaker was ordered to unwind its takeover, just days after another chip factory sale … Read more

Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus

Hong Kong CNN Business — Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces at the compound in central China. The Apple supplier made the offer Wednesday following dramatic scenes … Read more

Zhengzhou, China: Protesters at Foxconn factory clash with police, videos show

Beijing/Hong Kong CNN Business — Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot gear, on Wednesday, according to videos shared over social media. The videos show hundreds of workers facing off with law enforcement officers, many in white hazmat suits, on the Foxconn campus in the central Chinese city … Read more

Finding a star for ‘Wednesday’ who embodies ‘Family’ values ​​with her own kooky twist

CNN — There was a lot riding on the casting choice for the titular character of the new Netfilx series “Wednesday.” In addition to someone who could pull off creepy, kooky, mysterious and spooky, the role of raven-haired, pigtail-braided Wednesday Addams needed to go to a young actress who could rise to the occasion of … Read more

Mortgage rates fall for the second week in a row

Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen throughout most of 2022, spurred … Read more

Get paid via Venmo, Etsy or Airbnb? Here’s what you need to know before tax season

If you get paid through apps like Venmo or PayPal or platforms like Etsy or Airbnb, preparing your taxes next year may be a little more confusing than usual. A new tax reporting rule requires third-party payment platforms to issue you and the IRS a 1099-K for business transaction payments if they add up to … Read more

China zero-Covid: Workers at Zhengzhou iPhone factory clash with police, videos show

Beijing/Hong Kong CNN Business — Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot gear, on Wednesday, according to videos shared over social media. The videos show hundreds of workers facing off with law enforcement officers, many in white hazmat suits, on the Foxconn campus in the central Chinese city … Read more