Major League Baseball plunged into its first work stoppage in a quarter-century when the sport’s collective bargaining agreement expired Wednesday night and owners immediately locked out players in a move that threatens spring training and opening day. The strategy, management’s equivalent of a strike under federal labor law, ended the… Read More
‘Buy now, pay later’ gains popularity this Christmas
As Americans shop for the holidays, they will likely see a swarm of offers to get their gifts now but pay for them later in fixed monthly installments. Fueled by several hot Silicon Valley startups as well as a push by the big credit card companies, “buy now, pay later”… Read More
Omicron quashes travel industry’s hope for a comeback
Tourism businesses that were just finding their footing after nearly two years of devastation wrought by the COVID-19 pandemic are being rattled again as countries throw up new barriers to travel in an effort to contain the omicron variant. From shopping districts in Japan and tour guides in the Holy… Read More
Lawmakers consider breaking up Facebook; Haugen weighs in
U.S. lawmakers are putting forward proposals to curb social media giants by limiting their free-speech protections against legal liability. Their efforts are coming after a former Facebook product manager presented a case that the company’s systems amplify online hate and extremism and fail to protect young users from harmful content…. Read More
Facebook ordered to sell off subsidiary in anti-trust suit
The United Kingdom’s antitrust watchdog has blocked Facebook’s acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images. The Competition and Markets Authority said Tuesday that the deal would let Facebook… Read More
Anonymous man offers $1K for President Harding’s stolen dog collar
A radio station serving U.S. President Warren G. Harding’s Ohio hometown says a reward offered by one of its listeners is providing new hope of finding a long lost dog collar stolen from his historic home. Scott Spears, host of a morning radio show on WWGH-FM in Marion, near the… Read More
Twitter founder Jack Dorsey steps down as CEO… again
Twitter co-founder Jack Dorsey has stepped down as CEO of the social media platform. He has been succeeded by Twitter’s current chief technology officer, Parag Agrawal. Dorsey will remain on the board until his term expires in 2022. Agrawal joined Twitter in 2011 and has been CTO since 2017. Sponsored:… Read More
Mixed Nu’s: Global stocks vary amid spread of Omicron variant
European stocks and oil prices rebounded Monday while Asian markets fell further after the coronavirus’s omicron variant was found in more countries and governments imposed travel controls. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong declined, though losses were smaller than Friday’s fall after reports the variant first… Read More
Coin from colonial New England sells for $350,000
One of the first coins minted in Colonial New England, which was recently found among other coins in a candy tin, has sold at auction for more than $350,000, more than it was expected to get, the auctioneer said Friday. The one shilling silver coin made in Boston in 1652… Read More
US to release 50M barrels of crude oil to ease energy costs
The White House on Tuesday said it had ordered 50 million barrels of oil released from the strategic reserve to bring down energy costs, in coordination with other countries including China. The move is an effort to bring down rising gas prices. Gasoline prices nationwide are averaging about $3.40 a… Read More
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