#Bloomberg News

Aluminum makers sound the alarm about US magnesium shortage

There’s a widening scarcity of essential raw materials for aluminum used to make automobiles and building supplies that threatens to worsen a supply squeeze that already has pushed US prices close to all-time highs. Matalco Inc., the largest US producer of aluminum billet, is warning customers it may curtail output...
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iPhone Manufacturer Foxconn Reveals Its First Electric-Vehicle Prototypes

Foxconn, the Taiwanese company known for assembling Apple products, has unveiled three electric-vehicle prototypes. WSJ’s Stephanie Yang attended the launch event to see how the company is diversifying its business to gain a foothold in the auto industry. Photo: I-Hwa Cheng/Bloomberg News.

Texas REIT Managers Charged With Plot to Cheat Banks, Investors

UDF CEO Greenlaw, three others face fraud, conspiracy charges. Managers accused of misleading investors, banks on use of cash. Four managers of a Dallas-area real estate investment trust were charged by federal prosecutors with conspiring to defraud banks and improperly using investor money to plug cash shortfalls, according to an indictment filed in federal court in Texas.

La Niña is back: What does this mean for our

For the second straight year, La Niña is back, federal forecasters announced Thursday. The La Niña climate pattern, a natural cycle marked by cooler-than-average ocean water in the central Pacific Ocean, is one of the main drivers of weather in the U.S. and around the world, especially during the late fall, winter and early spring.

How to navigate state labor laws when hiring remote workers

When companies closed their offices in March 2020, employees trundled off to work remotely, whether from their homes or far-flung locations. Under normal circumstances, the in-state presence of those employees would have raised a whole host of red flags for employers and employees alike. “Quarantimes” were not, however, normal times....
Macdaily News

Apple’s branded Polishing Cloth costs $19

Apple new $19 Polishing Cloth is made of a soft, nonabrasive material and cleans any Apple display, including nano-texture glass, safely and effectively. The accessory, listed as compatible with iPhones as far back as the iPhone 6 and Macs dating back to 2012, is made of nonabrasive material and is already in short supply, requiring 3 to 4 weeks to ship. On, premium microfiber cloths go for $1.50 each, putting Apple’s new Polishing Cloth in the running for its highest-margin physical product.
Washington Post

Netflix Is Winning Streaming’s Own ‘Squid Game’

Television fans have been willing to give just about every new streaming-TV service a shot. But “Squid Game” shows how Netflix Inc. has uniquely mastered the art of keeping its subscribers. Netflix surpassed expectations Tuesday when it reported 4.38 million net new members for the third quarter, with a big...

Companies Like Tesla And Nio Face Tougher Guidelines For Their Vehicles Under Proposed Guidelines In China

New energy vehicle makers in China would be required to implement new safety measures to mitigate drivers' concerns, Bloomberg News reported on Tuesday, citing proposed guidelines by the country's Ministry of Industry and Information Technology. What Happened: The new guidelines aim to address concerns ranging from battery fires to brake...
Advertising Age

Google’s new Pixel 6 phone can open Snapchat in just two taps

Snap Inc. is teaming up with Alphabet Inc.’s Google to let owners of the new Pixel 6 phone use its ephemeral photo-sharing app Snapchat with just two taps, its latest attempt to strengthen ties with hardware devices. Dubbed “Quick Tap to Snap,” the new feature will enable users to tap...

SAUDI ARABIA NEWS: Saudi Arabia sees gasoline, diesel demand rise in 2021

J.P. Morgan became the second brokerage to reduce its forecast for Apple Inc.’s iPhone sales in the critical holiday quarter on Tuesday. This was due to the fact that the global shortage of chips and closures in Asia have finally caught up to the technology giant. Analyst Samik Chatterjee stated...

Rogers chairman sparring with family ahead of pivotal board meeting

Rogers Communications Inc. Edward Rogers, president of the company, said there is “room for improvement” in the company’s performance and that he has the firm’s best interests at heart as he battles family members over its strategic direction. “It is my responsibility to put the interests of RCI first,” Rogers...