Facebook Inc. said it will create 10,000 new high-skilled positions in Europe within the next five years as part of the social media giant’s push to develop a metaverse — but the U.K. will miss out.
After all-night negotiations, freight rail companies and unions representing tens of thousands of workers reached a tentative agreement to avoid a strike that could have started as soon as Friday, Sept. 16. The deal includes higher pay for workers, and was hailed by President Biden as a victory for both the workers and the railway companies who, he says, “will continue to be part of the b…
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When you open up Snapchat’s lens carousel, you’re greeted with a variety of filters that let you do everything from smoothing your skin to wearing a flower crown to dancing with a hotdog. Snapchat lenses have for years helped users create funny or glam photos and videos to send to their friends, but recently a more practical category of lens has been on the rise: augmented reality (…
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U.S. shoppers are getting increasingly hesitant about shelling out for shoes, appliances and other nonessentials. That has more retailers and consumer-goods makers reaching for an old tool to pry open their wallets: promotions.
Whirlpool Corp.’s revenue and earnings took a hit in the most recent quarter from discounts and special sales, which were rare during the pandemic as supply cha…
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A version of this article was published in TIME’s newsletter Into the Metaverse. Subscribe for a weekly guide to the future of the Internet. You can find past issues of the newsletter here.
The Ethereum ecosystem now moves trillions of dollars around the world, rivaling Visa in the size of its asset transfers. It’s been the bedrock on which n…
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Twitter will relaunch its Twitter Blue subscription service Monday for $8 per month on the web, the company said.
Users will also get access on iOS for $11 per month to subscriber-only features, including the blue checkmark, the company said in a series of tweets Saturday.
Ford is moving so fast to implement its $50 billion electric-vehicle transformation that construction workers were still installing equipment at its new electric-vehicle battery hub on Monday when the company gathered dignitaries there to announce yet another multi-billion investment. The company said it would spend $3.5 billion to build a new facility just down the road to manufacture batterie…
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For years, one carmaker has stood out as the leader for electric vehicles: Tesla. But the company now faces a growing slate of deep-pocketed competitors, including General Motors, Ford, and Mercedes-Benz, looking to disrupt its market dominance.
More than a dozen new electric vehicles are set to hit the market over the next year as carmakers make the shift to greener vehicles. That could …
Read moreLess than two weeks after his chaotic ascent, Speaker of the House Kevin McCarthy is already facing down a potential crisis. In a letter sent to McCarthy on Friday, Treasury Secretary Janet Yellen warned that the U.S. is expected to hit its $31.4 trillion debt limit on Thursday, January 19, and outlined a plan to delay the resulting default until the summer.
It is the first such debt lim…
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If your favorite HBO show has been canceled, take comfort in knowing that at least you’re not alone. This week, the streamer announced a number of shows that have been canceled, un-renewed, or removed altogether by HBO Max. They include fan favorites like Westworld, which built up a loyal following over four seasons before being canceled in November and, this week, slated to be pul…
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