The European Union fines Qualcomm for allegedly violating antitrust laws. The EU is forcing the chipmaking company to pay $1.2 billion for illegally paying Apple to use its products exclusively. Apple and Qualcomm have been engaged in a long battle over this controversy.
Starbucks and Disney announce pay raises and better employee benefits thanks to savings from the new tax reform bill. Starbucks says it will increase employee salaries, offer stock options, and offer more benefits. Disney says it will pay one-time $1,000 bonuses to 125,000 employees. The company will also invest $50 million in an education program for hourly workers.
We talk to the directors behind the newest Netflix series, "Dirty Money," premiering this Friday, January 26th. Each episode in the six-part series will look at a different story of corporate corruption. Two of the directors, Kristi Jacobson and Erin Lee Carr, discuss how the series takes viewers beyond the headlines of big scandals such as VW's recall, Martin Shkreli, and even the Trump Organization.
And Brett Holts, VP of Nike Running Footwear, introduces Nike's newest sneaker, the Epic React Flyknit. Holts says the shoe features a brand new foam compound, developed entirely by Nike. In the ongoing sneaker wars between Nike and Adidas, Holts says competition is always good, but Nike is focused on its own products.
Merriam-Webster has fully revised its popular “Collegiate” dictionary with over 5,000 new words. They include “petrichor,” “dumbphone” and “ghost kitchen.” Also “cold brew,” “rizz,” “dad bod,” “hard pass,” “cancel culture” and more.
YouTube will offer creators a way to rejoin the streaming platform if they were banned for violating COVID-19 and election misinformation policies that are no longer in effect.
Lukas Alpert of MarketWatch explores how networks, brands, and ad buyers absorb the shockwaves when late‑night show hosts are suddenly cut — and brought back.
A new poll finds U.S. adults are more likely than they were a year ago to think immigrants in the country legally benefit the economy. That comes as President Donald Trump's administration imposes new restrictions targeting legal pathways into the country. The Associated Press-NORC Center for Public Affairs Research survey finds Americans are more likely than they were in March 2024 to say it’s a “major benefit” that people who come to the U.S. legally contribute to the economy and help American companies get the expertise of skilled workers. At the same time, perceptions of illegal immigration haven’t shifted meaningfully. Americans still see fewer benefits from people who come to the U.S. illegally.
