Toru Hanai/Reuters The 15% tariff on EU wine exports to Japan, worth around €1 billion, is scrapped as of Friday. The deal comes amid fractious relations in global trade triggered by Donald Trump’s trade war against China. "It will protect great European products in Japan and vice-versa, such as the Austrian Tiroler Speck or Kobe […]
Sen. Cory Booker announces he’s running for president in 2020
Drew Angerer/Getty Images Democratic Sen. Cory Booker has announced he’s running for president in the 2020 election. He made the announcement in a video on Friday, which coincided with the first day of Black History Month. Booker first made a name for himself as mayor of Newark, New Jersey, and he has served in the […]
Trump Discusses ‘Fake News,’ and Its Repercussions, With Times’s Publisher
A.G. Sulzberger asked the president to curb his anti-press rhetoric. Mr. Trump replied with a request for “a great story, just one” from The Times. Source: NYT > Business
Amazon’s minimum wage hike barely made a dent in its operating costs, and it might explain why some workers say they’re actually earning less
Brent Lewis/The Denver Post via Getty Images Amazon announced in October 2018 that it was raising its minimum wage to $15 per hour. But the rise for hundreds of thousands of workers has barely made a dent in its operating expenses, which grew at a similar or slower rate than the rest of the year. […]
It’s time to break up the FAANGs (FB, APPL, AMZN, NFLX, GOOGL)
Andrew Harnik/AP; Mark Wilson/Getty; Marcio Jose Sanchez/AP; Denis Balibouse/Reuters; Joan Cros Garcia/Getty; Skye Gould/Business Insider The term "FANG" was first used by CNBC analyst Jim Cramer in 2015, referring to high growth stocks —Facebook, Amazon, Netflix, and Google. Investors added Apple to the basket about two years later. Back in early to mid-2018, FAANG stocks […]