Major Chinese Cities Reenter Lockdown as Active COVID Cases Spike
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Major Chinese Cities Reenter Lockdown as Active COVID Cases Spike
Major Chinese Cities , Reenter Lockdown , as Active COVID Cases Spike.
CNBC reports that major cities in China are racing
to limit activity as they face the worst COVID-19
outbreak since the pandemic began in 2020.
On March 14, Shenzhen told all non-essential
businesses to suspend production or have
employees work remotely for the next week.
.
Apple supplier Foxconn told CNBC that
its factories in the Chinese manufacturing
hub will remain closed until further notice.
Apple supplier Foxconn told CNBC that
its factories in the Chinese manufacturing
hub will remain closed until further notice.
Since late February, over 400 confirmed
cases have been reported in Shenzhen.
Over 600 confirmed cases
have been reported in Shanghai.
.
Schools in the coastal metropolis have reverted to online
classes, as many neighborhoods have been placed
on lockdown and ordered to undergo mass testing.
.
Schools in the coastal metropolis have reverted to online
classes, as many neighborhoods have been placed
on lockdown and ordered to undergo mass testing.
.
According to CNBC, residents are
not allowed to leave their homes
until they receive negative test results.
.
Overall, mainland China has reported a total
of 8,531 domestically transmitted active cases.
.
As of March 14, South Korea and Germany
have the highest 28-day new case counts.
.
Germany has reported 4.8 million new cases,
while South Korea has reported
5.2 million new COVID cases.
.
China has maintained a 'zero-COVID'
policy for the past two years.
.
Vice Premier Sun Chunlan said that all measures will be taken to prevent a widespread virus resurgence.
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employees’
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts — no matter which
government they’re with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
We’ve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didn’t make these decisions
lightly, and we’re committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division “as a result of a broader strategic shift in the use of some applications in Amazon’s owned as well as in third-party stores,” the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
UPS to Become US Postal Service’s , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
Credit: Wibbitz Top Stories Duration: 01:30Published
iPhone iOS 17.5 Update , Causes Users’ Deleted Photos to Reappear.
Apple's latest iOS update is making years-long deleted photos resurface on customers' phones, and it's freaking them out.
In particular, many users were shocked to see sensitive photographs, such as nudes, reappear
on their phones, 'New York Post' reports. .
I went to send a picture and saw that
the latest pictures were [not safe for
work] material we’d made years ago
when we were living apart, Apple product user, via Reddit.
But WTF. It was permanently deleted.
Years ago but magically it’s back??
I checked my iPad and it also has pictures (some art work I did
years ago). I feel so uncomfortable, Apple product user, via Reddit.
Other users referred to the issue as
"the worst software experience ever.".
These just came out of nowhere
this has to be the worst software
experience ever. I thought Apple
had a solid OS, ever since
iOS 16 it's been shambles. , Apple product user, via X.
Another person said that
25 previously-deleted voicemails also
reappeared on their phone, 'New York Post' reports. .
The reports could be down to an
indexing bug, photo library corruption,
or a syncing issue between local
devices and iCloud Photos, Via MacRumors.
Another possibility is that in
attempting to fix a photo syncing
bug that occurred in iOS 17.3,
Apple has inadvertently caused
a new syncing issue to occur that
may involve iCloud backups, Via MacRumors
Credit: Wibbitz Top Stories Duration: 01:30Published
Executive Producers Abe Sylvia and Tate Taylor, along with stars Kristen Wiig and Josh Lucas sat down with THR's Mikey O'Connell to talk all about the season finale of their Apple TV+ show 'Palm Royale' in this Closer Look.
Credit: The Hollywood Reporter Duration: 07:14Published
Comcast to Bundle , Peacock, Netflix and Apple TV+.
On May 13, Comcast chief Brian Roberts announced the company's newest bundle, StreamSaver, NBC News reports. .
Peacock, Netflix and Apple TV+ will be
included in the bundle "at a vastly reduced
price to anything available today," Roberts said. .
This will be a pretty
compelling package, Brian Roberts, Comcast chief, via statement.
As streaming prices continue to climb,
other media companies have also started
to offer bundles, NBC News reports. .
Disney and Warner Bros. Discovery recently announced a bundle consisting of Max, Disney+
and Hulu which will be available this summer.
Disney and Warner Bros. Discovery recently announced a bundle consisting of Max, Disney+
and Hulu which will be available this summer.
Disney and Warner Bros. Discovery recently announced a bundle consisting of Max, Disney+
and Hulu which will be available this summer.
The prices for both companies'
bundles have yet to be revealed.
Comcast's bundle will be made available before Peacock raises its standalone price by another $2 ahead of the 2024 Paris Summer Olympic Games. .
The ad-free service will now cost $13.99 per month. .
The tier with ads will increase to $7.99 each month. .
Meanwhile, Disney, Warner Bros. Discovery and
Fox Corp. have teamed up to create a streaming sports bundle that is scheduled to debut this fall.
but critics allege that the venture
violates antitrust laws, NBC News reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
Mumbai Becomes Asia's , Billionaire Capital , on Global Rich List.
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the exclusive list. .
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the exclusive list. .
According to the Hurun Research Institute's
global rich list, India's financial capital
registered 92 billionaires in 2024. .
Beijing comes in just below Mumbai with
91 billionaires, and Shanghai rounds out
the top three with a total of 87 billionaires.
Beijing comes in just below Mumbai with
91 billionaires, and Shanghai rounds out
the top three with a total of 87 billionaires.
The top of the list globally is New York
with 119 billionaires, followed by
London with a total of 97. .
The top of the list globally is New York
with 119 billionaires, followed by
London with a total of 97. .
According to the report, there are a total
of 3,279 billionaires globally in 2024,
an increase of 5% compared to 2023. .
NBC reports that China as a whole still has the
most billionaires overall with 814 in 2024, but
the country lost 155 billionaires compared to 2023. .
China had a bad year.
Wealth creation in China has gone
through deep changes these last few
years, with the wealth of billionaires
from real estate and renewables down, Hurun Research Institute's global rich list report, via NBC.
The United States comes in second with
800 billionaires, and India registered
a distant third place with 271.
The United States comes in second with
800 billionaires, and India registered
a distant third place with 271.
According to the report, artificial intelligence
played a significant role in increasing the
number of ultra wealthy people in the U.S. .
Whilst [Nvidia CEO] Jensen Huang
has grabbed many of the headlines
as Nvidia broke through the $2 trillion
mark, catapulting him into
the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC.
Whilst [Nvidia CEO] Jensen Huang
has grabbed many of the headlines
as Nvidia broke through the $2 trillion
mark, catapulting him into
the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC.
... the billionaires behind Microsoft,
Google, Amazon, Oracle and Meta
have seen significant surges in
their wealth as investors bet
on the value generated by AI, Hurun Research Institute's global rich list report, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
A South Korean research team has developed a new hybrid food, an affordable and eco-friendly source of protein, in a bid to develop a sustainable future option.
Credit: euronews (in English) Duration: 04:09Published
North Korea has fired an unidentified ballistic missile into the sea off South Korea's east coast, Seoul's military said on Monday, the latest in an apparent volley of tests by Pyongyang this year. "North Korea has fired an unidentified missile into the East Sea," South Korea's Joint Chiefs of Staff said, referring to the body of water also known as the Sea of Japan.
#NorthKorea #BallisticMissile #EastCoast #JapanAlert #SecurityConcern #MilitaryTension #GlobalSecurity #RegionalStability #MissileThreat #InternationalRelations
~HT.178~PR.152~ED.155~GR.121~
South Korea’s Opposition , Dominates Parliamentary Elections.
South Korea's Democratic Party won
"175 seats in the 300-member single-chamber parliament" on April 10, NPR reports.
The ruling right-wing People Power Party became a smaller minority with only 108 seats. .
The outcome is considered to be a blow to conservative President Yoon Suk Yeol.
The country's prime minister and
other presidential officials offered
to resign after the crushing defeat. .
The country's prime minister and
other presidential officials offered
to resign after the crushing defeat. .
I apologize to the people on behalf
of our party, which wasn’t good
enough to win the people’s choices, Han Dong-hoon, People Power Party leader, via statement.
While Yoon said that he intends to
"humbly uphold" the will of the people
as indicated by the election results, .
it is not known if he will accept his
staff's offers to resign. .
Lee Jae-myung, the Democratic Party leader who
is considering running for president again, .
said there is a need for both parties to
"pull together" to "resolve economic
and public livelihood problems.".
The results of the parliamentary
elections are not the victory by
the Democratic Party, but the
great victory by our people, Lee Jae-myung, the Democratic Party leader.
Now, the elections are over. Both
the ruling and opposition political
parties must pull together all their
strength to resolve economic and
public livelihood problems, Lee Jae-myung, the Democratic Party leader.
According to the National Election Commission, voter turnout reached its
highest level in over three decades for
a parliamentary election, NPR reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
BA.2 Omicron Subvariant , Is Now the Dominant COVID Strain, in the US.
NBC News reports that the BA.2 subvariant of Omicron
is now estimated to account for 54.9% of the
coronavirus variants..
Credit: Wibbitz Top Stories Duration: 01:31Published
China on Friday ordered a lockdown in the northeastern city of Changchun amid a new spike in COVID-19 cases in the area. 9 million residents of the city are effectively shut indoors as a result of the..
According to the Union Health ministry's data, India added 3,993 Covid cases and 108 Covid-related deaths in the last 24 hours.
#CovidIndia #Covid19 #CovidCases #CoronaDeaths
India, Omicron, New..
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