Employees at COVID-stricken iPhone factory in China beaten, detained after protests

Employees at COVID-stricken iPhone factory in China beaten, detained after protests

BEIJING — Police beat workers protesting over a pay dispute at the biggest factory for Apple’s iPhone, whose new model is delayed by controls imposed as China tries to contain a surge in COVID-19 cases. foxconn 2354, +0.20%, the biggest contract assembler of smartphones and other electronics, is struggling to fill orders for the iPhone … Read more

Shopify stock sinks amid layoff plan as CEO admits, ‘I got this wrong’

Shopify stock sinks amid layoff plan as CEO admits, 'I got this wrong'

At the height of the COVID-19 crisis, many companies tethered to online spending predicted that the pandemic would permanently alter the trajectory of e-commerce growth for the better as people built new shopping habits online. Now Shopify Inc. SHOP, -14.06% has become the latest to admit that its projections may have gotten out of hand. … Read more