GameStop shutters stores across California

GameStop shutters stores across California

GameStop is shutting down more stores in California. The video game, toy and collectible retailer has been struggling to find a way to thrive in a market where most of what it sells is easier to get online. It has been shrinking its brick-and-mortar retail footprint for years to lower costs and has reportedly shut…

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Rio Tinto-Glencore merger may need asset sales to win over China

Rio Tinto-Glencore merger may need asset sales to win over China

China’s antitrust regulator is likely to be concerned about a combined entity’s concentration in copper production and marketing [BEIJING/MELBOURNE] The proposed tie-up between Rio Tinto and Glencore could require asset sales to secure regulatory approval from top commodity buyer China, which has longstanding concerns about resource security and market concentration. The two mining giants revealed…

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Why is Meta laying off workers again?

Why is Meta laying off workers again?

Social media giant Meta said it’s cutting more than 1,000 workers and closing several content studios as it focuses its efforts on artificial intelligence-powered wearables such as smart glasses. The reductions are within Meta’s Reality Labs division where employees work on the metaverse, digital spaces where people socialize, work, learn and do other online activities.…

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