JPMorgan Chase is talking with Apple about taking over the tech giant’s credit-card program from Goldman Sachs, the Wall Street Journal reported Tuesday.Discussions started earlier this year and have advanced in recent weeks, but a deal could still be months away, the report said, citing people familiar with the matter.Key details, including price, are still to be negotiated, according to the report.Apple and Goldman reportedly pulled the plug on their credit card partnership last year. AppleGoldman Sachs d ...

Mark Zuckerberg’s Instagram unveiled a major overhaul of safety features for kids on Tuesday – a move that online watchdogs quickly blasted as a bid to avoid a looming congressional crackdown on the social media giant.Instagram said it will automatically place users under age 18 into “teen accounts” and block people who do not follow them from viewing their content or interacting with them. It will also mute Instagram app notifications for teen users between 10 p.m. and 7 a.m. and send “time limit reminders ...

Meta said it has banned Kremlin-run state media outlet Russia Today as well as other networks controlled by the regime of President Vladimir Putin due to alleged “foreign interference activity.”Russia-based broadcasters and web sites such as RT, Rossiya Segodnya and other affiliated media outlets will no longer be available to users of Meta’s social networks including Facebook and Instagram.“After careful consideration, we expanded our ongoing enforcement against Russian state media outlets. Rossiya Segodny ...

Amazon is mandating that corporate workers return to the office five days a week, CEO Andy Jassy said in a note on Monday.The return-to-office mandate is a sharp change from its current hybrid policy, which requires employees to work from the office at least three days a week. Amazon employees will have until Jan. 2 to switch to the new policy. 3 CEO Andy Jassy detailed the return-to-office mandate in a note Monday. Charles Wenzelberg / New York PostAmazon will also be streamlining its corporate structure ...

Boeing said it is freezing hiring and weighing temporary furloughs in the coming weeks to manage costs as a strike by more than 30,000 Boeing workers who build planes in factories on the West Coast stretched into its fourth day on Monday.“I know that these actions will create some uncertainty and concern,” Boeing CFO Brian West wrote in a letter to employees shared on Monday. “This strike jeopardizes our recovery in a significant way and we must take necessary actions to preserve cash and safeguard our shar ...

Shares of Apple fell nearly 3% on Monday after several analysts said that delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features.Apple last week unveiled its long-awaited iPhone 16 series designed around its AI software, Apple Intelligence.Early pre-order data from BofA Global Research revealed shorter global shipping times for the iPhone 16 Pro models compared to last year’s 15 Pro models, as of Mond ...

A growing number of Wall Street analysts have issued warnings about a potential Google breakup as the Big Tech giant tries to wriggle out of a pair of major federal antitrust lawsuits that could devastate its business model.The Justice Department is seeking a forced selloff of Google’s digital advertising business in an antitrust case that kicked off last week in Virginia federal court. Separately, a federal judge will consider a potential breakup after ruling last month that Google operates an illegal mono ...

A US agency has ordered Starbucks to reopen two stores in Ithaca, NY after a labor judge ruled that the Seattle-based coffee giant illegally shut down the locations last year in order to “chill unionism.”Geoffrey Carter, an administrative law judge with the National Labor Relations Board, ruled on Friday that Starbucks “violated the National Labor Relations Act” by “permanently closing its two remaining stores in Ithaca … for antiunion reasons” while “failing and refusing to bargain with Workers United.”Sta ...

A strike beginning Friday by more than 30,000 of Boeing’s West Coast factory workers will make it harder for the planemaker to meet a 737 MAX production target and stabilize its supply chain, CFO Brian West said Friday.West also told the Morgan Stanley Laguna Conference he expects third-quarter margins from the company’s defense and space unit to be negative, similar to those in the second quarter.Boeing shares slid 4% on Friday. 3 Boeing factory workers gather on a picket line during the first day of a s ...

Boeing’s US West Coast factory workers will walk off the job after 96% voted on Thursday in favor of a strike, halting production of the planemaker’s strongest-selling jet as it wrestles with chronic output delays and mounting debt.The workers’ first strike since 2008 will start at midnight Pacific time on Friday. This comes just weeks after new CEO Kelly Ortberg was brought on in August to restore faith in the planemaker after a door panel blew off a near-new 737 MAX jet in mid-air in January. 3 Internat ...