Kroger and the Albertsons set out to build a food empire. The last supermarket mega-merger backfired – CNN | CarTailz

new York CNN business — When Christine Martinez found out last month that the Kroger and Albertsons were planning a nearly $25 billion merger, she thought, “Here we go again.” Martinez lost her job as a pharmacy technician following a previous supermarket mega-merger: Albertsons’ $9 billion merger with Safeway in 2014. That deal has since … Read more

Is this the last Christmas for Sears? -CNN | CarTailz

new York CNN business — Tracy Easterling spent about an hour on Sunday shopping at Sears, which used to be one of her favorite stores. In the end she had nothing to show but memories. Easterling was at Sears in her hometown of Jersey City, New Jersey, one of only 15 Sears full-line restaurants still … Read more

Elon Musk claims Apple threatened to withhold Twitter from its App Store – CNN | CarTailz

new York CNN business — Elon Musk claimed Monday that Apple had “threatened” to remove Twitter from its iOS app store, a move that could be devastating for the company Musk just acquired for $44 billion. “Apple (AAPL) has also threatened to withhold Twitter from its App Store, but won’t tell us why,” Musk said … Read more

Firings, ultimatums and an ongoing saga of blue ticks: Elon Musk’s first month on Twitter – CNN | CarTailz

CNN — As of Sunday, it’s officially been a month since the world’s richest man took the helm at Twitter. During that time, Elon Musk initiated mass layoffs and issued a cryptic ultimatum to the remaining employees, restored the accounts of controversial figures including former President Donald Trump, and took off — and then enacted … Read more

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

Hong Kong CNN business — A violent workers’ revolt at the world’s largest iPhone factory in central China further shakes Apple’s strained supply and highlights how the country’s strict zero-Covid policy is hurting global tech companies. The troubles began last month when workers left the factory campus in Zhengzhou, capital of central Henan province, amid … Read more

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

Hong Kong CNN business — A violent workers’ revolt at the world’s largest iPhone factory in central China further shakes Apple’s strained supply and highlights how the country’s strict zero-Covid policy is hurting global tech companies. The troubles began last month when workers left the factory campus in Zhengzhou, capital of central Henan province, amid … Read more

Foxconn offers to pay workers to leave its largest iPhone factory after violent protests – CNN | CarTailz

Hong Kong CNN business — Foxconn has offered to pay newly hired workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly plant to quell protests that have seen hundreds clashed with security forces at the compound in central China. The Apple supplier made the offer Wednesday after dramatic scenes of violent … Read more

Mortgage rates fall for second straight week – CNN | CarTailz

Mortgage rates fell again this week after falling almost half a percentage point last week. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.58% in the week ended November 23, compared to 6.61% the week before. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, spurred … Read more

Russia threatens to cut gas supplies through Ukraine – CNN | CarTailz

London CNN business — Europe is preparing for further cuts in its supply of Russian natural gas as Moscow threatens to cut supplies to Moldova, a country on Ukraine’s southwestern border. This was announced by the Russian state gas giant Gazprom on Tuesday would cut supplies to the country from Monday over controversial claims that … Read more

Avatar sequel needs $2 billion to break even. But are audiences still hooked on 3D? -CNN | CarTailz

new York CNN business — Avatar: The Way of Water has an imposing task ahead of it. When James Cameron’s highly anticipated sci-fi epic releases on December 16, it needs to gross more than $2 billion at the global box office just to break even. That’s according to Cameron himself, who told GQ for a … Read more