Foxconn disruptions threaten bigger hit to iPhone shipments – The Source

Foxconn Zhengzhou factory shipments drop in November – Source Discontent with workers at the factory escalated into protests this week More than 20,000 workers, most of them new recruits, have left – The Source TAIPEI (Reuters) – Foxconn Inc’s (2317.TW) main iPhone factory in China will see further cuts in November shipments after the latest … Read more

Coronavirus infections in China hit a record high, with the economic outlook darkening

BEIJING (Reuters) – China reported a record high number of COVID-19 infections on Thursday, as cities nationwide imposed local lockdowns, mass testing and other restrictions feeding frustration and inflated expectations for the world’s second-largest economy. The resurgence of infections, nearly three years after the outbreak of the epidemic in the central city of Wuhan, casts … Read more

Wall Street rose as the Federal Reserve signaled a slowdown in rate hikes

Growth stocks bounce as Treasury yields fall Tesla jumps with Citigroup’s upgrade Nordstrom sits on low profit expectations The Dow Jones Industrial Average closed at its highest level since April Dow Jones rose 0.28%, S&P 500 0.59%, Nasdaq 0.99% (Reuters) – Wall Street’s major indexes ended with strong gains on Wednesday after minutes from the … Read more

New labor unrest rocked the huge Foxconn iPhone factory in China

Pictures online show hundreds of workers protesting Surveillance cameras and windows were smashed by men with sticks Workers complain of delayed wages and inadequate food SHANGHAI/TAIPI (Reuters) – Hundreds of workers protested at Foxconn (2317.TW) main iPhone factory in China, with some men smashing security cameras and windows, footage uploaded to social media showed. The … Read more

Younger Chinese are rejecting the factory jobs that underpin the economy

SHENZHEN (Reuters) – Growing up in a Chinese village, Julian Zhou only saw his father a few times a year when he returned for a break from his grueling job at a textile factory in the southern province of Guangdong. For his father’s generation, working in factories was a lifeline out of rural poverty. For … Read more

Road to CFB: Midweek MACtion in Western Michigan

In front of a few 2,000 or so sleepy fans, mid-American college football dominates Tuesday and Wednesday nights. While the atmosphere in the stadium is as enthusiastic as saving time at the local nursing home, millions tune in weekly to watch the event. Affectionately, we call it “MACtion”. What is the magic of low-level college … Read more