January 2023

Top Apple analyst, Ming-Chi Kuo, claims Apple will be slowing the pace of iPad releases for the rest of the year with something bigger on the horizon: a foldable iPad. “I'm positive about the foldable iPad in 2024 and expect this new model will boost shipments and improve the product mix,” Kuo wrote in a series of tweets posted on Monday. Although other manufacturers make foldable devices,...

Shou Zi Chew, CEO of TikTok, will be testifying before the House Energy Commerce Committee at a hearing in March 2023. Chew will be addressing the social media app’s security and privacy practices as well as the ties it has to China. House Energy and Commerce Committee Chair, Cathy McMorris Rodgers made the announcement on Monday. “...

An ongoing pharmacist shortage has forced CVS and Walmart to alter pharmacy hours. The Wall Street Journal reported that CVS has plans to cut or alter pharmacy hours at two-thirds of its locations throughout the U.S. by March. As for Walmart, by March, the retailer plans to close its pharmacies two hours early at most locations. The changes from CVS and Walmart are proof that pharmacies are...

The CEO of the Madison Square Garden Entertainment Corporation (MSG), James Dolan, is using facial recognition to ban lawyers that are suing the group from attending events. “At Madison Square Garden, if you’re suing us, we’re just asking of you – please don’t come until you’re done with your argument with us,” Dolan told Fox 5. “And yes, we’re using facial recognition to enforce that.” Dolan claimed...

While many reports of companies resorting to store closings have made the news recently, Walmart-owned Sam’s Club has plans to do the opposite. On Thursday, the wholesale retailer announced plans to open more than 30 new store locations in the U.S. over the next few years, making this the most aggressive expansion plan in years, according to CNBC. Due to inflation, many customers have become more cost-conscious...

A winter storm on Wednesday caused hundreds of flights to be canceled and more than half of them were on Southwest’s schedule. According to CNN, “As of 10:30 am ET, the cancellations had totaled 482 flights to, from or within the United States.” Southwest made up 235 of those flights. Although this was an inconvenience for travelers on Wednesday, it barely compares to the absolute disaster that...

On Tuesday, America’s largest retailer announced its minimum wage from $12 to $14 an hour amid efforts to retain store and warehouse workers. According to CNN, “In many areas of the country, particularly southern states that have not adopted higher wage laws, Walmart’s starting wage often serves as the local minimum wage.” The company’s decision is believed to influence the service industry as a whole. Walmart’s president and CEO,...

On Tuesday, the song management company, Hipgnosis, announced that it had acquired the rights to Justin Bieber’s entire music catalog in a $200 million deal. The company will now receive a payment every time a song it owns is streamed, used on the radio or used in a film or TV. Hipgnosis has also acquired Bieber’s share in the original master recordings of each of his...

On Tuesday, Amazon launched a new prescription drug program for Prime members that offers unlimited prescriptions for $5 a month. Sounds crazy, right? According to Amazon, “There are no hidden fees and no markups to the $5 per month subscription.” “RxPass is a benefit for Prime members that gives subscribers access to the most common generic medications for a flat fee of $5 a month. Subscribers can get...

Elon Musk has taken his plans to cut costs at Twitter too far. The landlord of the Twitter headquarters in San Francisco filed a lawsuit this month accusing Twitter of “shirking its rent payments over the last two months, amounting to roughly $3.4 million in each December and January,” Yahoo News reported. According to the lawsuit, SRI Nine Market Square LLC, the building’s owner, claims it has...