President Donald Trump declared himself “the Chosen One” today, as he defended his administration’s actions in the ongoing U.S.-China trade war.⠀ ⠀ The president’s self-aggrandizing remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China’s alleged malpractice on trade.⠀ ⠀ “This isn’t my trade war, this is a trade war that should have taken place a long time ago,” Trump told reporters outside the White House.⠀ ⠀ “Somebody had to do it,” the president said. He added, while looking to the heavens: “I am the Chosen One.”⠀ ⠀ Swipe right to hear it for yourself, or visit the link in bio for more context. ⠀ ⠀
Walmart is suing Elon Musk’s clean energy company after Tesla’s solar panels atop seven Walmart stores allegedly caught fire. Walmart claimed the workers Tesla “routinely” sent to inspect the solar systems “lacked basic solar training and knowledge” and that the company failed to properly ground its solar and electrical systems. And as Tesla tries to revive its solar business, Walmart is now requesting the electric car maker remove its solar panels from more than 240 Walmart stores — and pay monetary damages. Tesla’s stock was down more than 1% after reports of the lawsuit broke. For more details on the suit, visit the link in bio.
China is no longer in the lead — when it comes to U.S. Treasurys, that is. This summer, Japan surpassed China as the largest foreign holder of U.S. Treasury securities. Japan now holds $1.12 trillion Treasurys, beating out China’s $1.11 trillion. The Land of the Rising Sun added about $21 billion since May, making its holdings the largest since October 2016. To see which country ranks behind Japan and China, visit the link in bio.
“Something tells me that this is a completely different animal from what we know as cryptocurrencies.” China’s central bank said that the digital currency it’s been working on for the last five years is “almost ready.” The digital tokens will only be issued by the People’s Bank of China and commercial banks. But Blockchain, which is a ledger technology that underpins cryptocurrencies like bitcoin, won’t be relied upon exclusively for the new digital currency. “Personally, I’m still struggling to understand the advantage of this over the current system,” one expert said. For more on what to expect from China’s own digital currency, visit the link in bio.
0 to 64 mph — in just 2.4 seconds. That’s how fast Bugatti’s new $10 million, 1,600 horsepower Centodieci can drive. 🏎️ The 90s inspired car was designed to honor the company’s 110th anniversary. Unlike Bugatti’s $18.7 million La Voiture Noire, which was built for grand touring, the Centodieci was built for speed. It is capable of hitting up to an insane 236 mph. Think you’d take a spin? To see more of what this powerhouse car can do, visit the link in bio.
If you were waiting to apply for the new Apple Card, wait no longer. The tech giant just announced the full launch of its new iPhone-integrated credit card. iPhone users can now apply for the card through the Wallet app “in minutes” and use it right away with Apple Pay in stores, in apps and on websites. But keep an eye on your balance: customers who don’t pay their full bill are subject to a 12.99% to 23.99% variable APR. For more details on the card, visit the link in bio.
Want to earn a little spare cash? 👀 Billionaire Mark Cuban says you should become an expert on Amazon Alexa, Google Home and every other compatible device. “Then, I would offer to consult and configure the apartment and homes of everyone I know, and everyone they know.” See? Easy money. Especially since Amazon said the company sold tens of millions of its Alexa device over the holidays. For more on why Cuban thinks almost anyone can do this job, visit the link in bio. (With @CNBCMakeIt)
Don’t be scared… Amazon can sense fear. 😱 The tech giant recently revealed updates to its controversial facial recognition software, Rekognition, which is one of many AWS cloud services available for developers. The company said it has improved the accuracy of Rekognition’s ability to detect emotions like “Happy,” “Sad,” and “Angry.” But it also unveiled a new emotion it can now detect: Fear. To learn how Amazon can sense your emotions, visit the link in bio.
“The American dream is alive, but fraying.” According to some of America’s top business leaders, shareholder value is no longer their sole priority. Nearly 200 CEOs in the Business Roundtable, a group of chief executives from major U.S. companies, are dropping the age-old notion that corporations mainly function to serve shareholders and maximize profits. Those executives include major players like J.P. Morgan’s Jamie Dimon, Amazon’s Jeff Bezos and Apple’s Tim Cook. Investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals, they say. More on this new definition of the “purpose of a corporation,” at the link in bio.
Today marks the 15th anniversary of Google’s initial public offering. 🎉 Initially priced at $85 per share with a market cap of $25 billion, the company’s stock has since surged more than 2,600% since it went public. To see how the tech giant has grown in the last 15 years, visit the link in bio.
Facebook CEO Mark Zuckerberg has a plan. And according to NYU professor Scott Galloway, it isn’t a good one — in fact, it makes him a very, very dangerous man. Facebook is planning to integrate all of the messaging services it owns, including Instagram, WhatsApp and Facebook Messenger, so they all run on the same technical infrastructure. Galloway says that the notion that one unfireable man will decide the algorithms for an encrypted backbone for platforms used by 2.7 billion people is frightening. “What could go wrong?” Galloway asked. To see why Galloway thinks Zuckerberg’s influence over the algorithm is a bad thing, visit the link in bio. (With @CNBCMakeIt)
Sometimes, all you need is a breath of fresh air. 🍃 Research has shown that exposure to outdoor green spaces can reduce depression, anxiety and various health risks like high blood pressure. Now a new study has shown the optimal time you should be outside: a simple two hours per week. According to the study, those who spent at least two hours in nature reported better health and well-being compared to those who didn’t. So next time you’re stressed, maybe take a quick hike to clear your mind. For more on the benefits of spending time in nature, visit the link in bio. (With @CNBCMakeIt)
If you’re looking for a few good reads to finish off your summer, then Barack Obama’s got you covered. The former president just released the list of books he’s been reading this season. 📚 Topping the list are the collected works of the late Toni Morrison. “They’re transcendent, all of them. You’ll be glad you read them,” Obama wrote of Morrison’s work. To see which other stories have grabbed Obama’s attention this summer, visit the link in bio. (With @CNBCMakeIt)
The therapist will see you now — in the barn. 🐮 At this upstate New York farm, you can pet, play and snuggle with therapy cows during an hour-long “cow cuddling” session for $75 per couple. Animal-based therapy continues to be an overwhelming wellness trend — and it’s backed by science. Human-animal interaction is known to lower stress and boost social skills. So, think you’d be in the moo-d to hug a cow? For more information on the therapy sessions and the benefits of human-animal interaction, visit the link in bio. (With @CNBCMakeIt)
Gotta catch ‘em all. A complete set of first-edition Pokemon cards from 1999 just sold for a whopping $107,010 at auction! The collection even included a rare Charizard card, which alone is worth up to $20,000. Would you be willing to spend big bucks on Pokemon memorabilia? To learn why Pokemon cards may become as important in modern collecting as some highly coveted sports cards, visit the link in bio. (With @CNBCMakeIt)
Think money can buy you happiness? Well, think again. Billionaire Richard Branson says fulfillment doesn’t come from material possessions and that he never set out to make money from his company. Instead, his happiness comes from investing in world issues and spending time with his family. Branson, who is now worth about $4 billion, says he learned this lesson early on when a slew of disasters destroyed a number of his homes — and the only thing he missed were his family’s “treasured” photo albums. So, do you agree with him? For more on how Branson’s outlook on life impacts his business, visit the link in bio. (With @CNBCMakeIt)
Treasury Secretary Steven Mnuchin did not mince words Wednesday in voicing support for the Justice Department’s antitrust review of Amazon, but was more hesitant when it came to other big tech companies the DOJ is probing. “I think it’s very good that the attorney general is going to look into this. I think it’s an important issue and I look forward to him reporting back to the president and hearing his recommendations,” said Mnuchin. Amazon responded to Mnuchin’s comments by saying Amazon supports small and medium-sized businesses. “Small and medium-sized businesses are thriving with Amazon,” the company wrote. “And the vast majority of retail sales – 90% – still occur in brick-and-mortar stores according to the U.S. Census Bureau.“ Learn more at the link in bio.
Did you take a job outside of your field when you graduated college? Was it because you had student loans, and needed a job that would pay the bills? If so, you're not alone. ⠀ More than half of people who owe $55,000 or more in student debt say they took a job outside of their field, compared with 29% of those with no debt, according to new research by Mark Kantrowitz, publisher of SavingforCollege.com.⠀ ⠀ “It’s absolutely ironic,” Kantrowitz said. “You go to a more expensive college, supposedly the best in your field, but take on too much debt, so you can’t work in your field because of the need to repay the debt.”⠀ ⠀ Read more at our link in bio.⠀Follow our newest Instagram account, @chartoftheday, for more posts like this one.
Colorado was the first state in the United States to legalize recreational cannabis. No one was sure how things would play out. Now it's been more than 5 years since the first pot shops opened their doors in Colorado, and the state's economy has a lot to show for it. 25% of people who traveled to Colorado between 2013 and 2018 listed cannabis as a reason. The state has surpassed $1 billion in total cannabis-related revenue, the first state in the country to hit that milestone. Much of that revenue goes toward education, health care, literacy services and drug prevention programs. Companies also have made more than $6.5 billion in sales over the last 5 years, with April and May of this year the highest-grossing months since legalization. Colorado had 2,917 licensed marijuana businesses and 41,076 individuals licensed to work in the industry as of June. Learn more at the link in bio.
The FTC approved a record $5 billion fine against Facebook on Wednesday over its privacy practices. The fine, which represents 9% of Facebook’s 2018 revenue, is the largest ever imposed by the FTC against a tech company. The past record was a 2012 $22.5 million fine against Google, also for privacy practices. Beyond the fine, the FTC order also requires Facebook to create an independent privacy committee on its board of directors to decentralize power away from Zuckerberg. Read more about the decision and what experts are saying at the link in bio.
Boeing reported a massive second-quarter loss of $2.9 billion on Wednesday — its worst ever — as costs pile up for the aerospace giant while its flagship 737 Max jet remains grounded after two fatal crashes killed 346 people. The company remains uncertain on how long it will be until the 737 returns to flight. “This is a defining moment for Boeing,” CEO Dennis Muilenburg said in a statement. Learn more at the link in bio.
Morgan Stanley sees a "credible bear case" for a U.S. recession. Despite expected interest rate cuts, they think the market might turn negative within the next 12 months. Trade tensions that could lead to layoffs and a pullback from consumers are at the center of the recession case laid out by Ellen Zentner, Morgan Stanley's chief U.S. economist. Zentner and her team warned that a recession could mean a significant hit to stocks, but the best bets would be defensive sectors like health care and consumer staples. Autos and tech hardware would be the areas most likely to underperform, according to Zentner's analysis. Learn more at the link in bio.
As of June, Chinese visitors to Hawaii dropped by about 36% compared with the same period last year, according to the Hawaiian Tourism Authority.⠀ ⠀ "Hawaii would like to capture more of this lucrative market, but two federal issues diminish our growth opportunities: visa requirements and the Trump administration's antagonistic trade policies," Hawaii state Sen. Glenn Wakai told CNBC. ⠀ ⠀ The Asian market is a vital tourism sector for Hawaii, Wakai added. While Chinese tourists represent less than 2% of Hawaii's total visitor count, they stay longer and spend more money compared with other Asian travelers. On average, a Chinese tourist stays a little more than eight days and spends approximately $350 a day when vacationing in Hawaii.⠀ ⠀ Read more at the link in bio.
Elon Musk is an optimist: There is no better time to be alive, he says. "I think a lot of times people are sort of negative about the present and about the future, but really if you are a student of history, when else would you really want to be alive?" Musk asked Tuesday at a Neuralink event at the California Academy of Sciences. Both Gates and Buffett have voiced similar perspectives before, citing technological innovation as a driver for improving human welfare. Read more at the link in bio. (with @cnbcmakeit)
In 2009, Disney CEO Bob Iger closed on a deal to purchase comic book company Marvel for around $4 billion. “This is perfect from a strategic perspective,” Iger said at the time. “This treasure trove of over 5,000 characters offers Disney the ability to do what we do best.” It seems he was right. Since releasing its first Disney produced Marvel movie in 2012, the company has earned more than $18.2 billion at the global box office. And it’s already on its way to make billions more. Details at the link in bio.
Apple co-founder Steve Wozniak did not mince words: "...my recommendation is — to most people — is you should figure out a way to get off Facebook.” In April, 2018, Wozniak himself removed his Facebook account. “People think they have a level of privacy they don’t. Why don’t they give me a choice?” Wozniak said. “Let me pay a certain amount, and you’ll keep my data more secure and private than everybody else handing it to advertisers.” Facebook did not immediately respond to @cnbcmakeit's request for comment. More at the link in bio.
Today’s kids are three times more likely to aspire toward a career as a YouTuber rather than an astronaut, according to a new study.⠀ ⠀ Toy production firm Lego surveyed 3,000 children between the ages of eight and 12 from the U.S., the U.K. and China, as well as 326 parents who had children aged between five and 12.⠀ ⠀ Almost a third of the kids in the survey said they wanted to be a YouTuber when they grew up, while 11% said they wanted to be an astronaut.⠀ ⠀ However, the responses varied depending where children were from. More than half of those in China said they wanted to be an astronaut, making it the most popular career aspiration.⠀ ⠀ In the U.S. and the U.K., that number fell to just over 10%, with vlogger (video blogger) or YouTuber ranked as the top aspiration in both countries.⠀ ⠀ More at the link in bio. ⠀ ⠀ (with @cnbcmakeit)⠀
Google’s bet on balloons to deliver cell service soon faces a crucial test. The company behind the effort, Loon, says its balloons will reach Kenya in the coming weeks for its first commercial trial. The test with Telkom Kenya, the nation’s No. 3 carrier, will let mountain villagers buy 4G service at market-rate prices for an undefined period. Details, at the link in our bio. * * * * * * * * #google #loom #tech #technology #cellservice #future #internet #cnbc #cnbctech
Even Americans making over six figures say they struggle financially. Nearly 1 in 10 of those making $100,000 or more said they usually or always live paycheck to paycheck, according to a recent report from CareerBuilder. 59% of those in that salary range said they were in the red. While household income has grown over the past decade, it has failed to keep up with the increased cost-of-living over the same period. More on the "mystery" of slow wage growth, at the link in our bio. * * * * * * * * #jobs #wages #us #economy #income #householdincome #work #useconomy #data #business #businessnews #news #new #cnbc
In front of a crowd of fans and facing 17 opponents, California native Joey “Jaws” Chestnut ate 71 hot dogs and buns to win Nathan’s Famous annual July Fourth hot dog eating contest. When asked how he felt after the contest, Chestnut, 35, said, “I feel like I should eat a couple more." Miki Sudo won the women’s competition by chomping down 31 hot dogs. Chestnut and Sudo will each take home $10,000. Read more at the link in bio.
Strong job growth is back. Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs amid concerns that both the employment picture and overall growth picture were beginning to weaken. The unemployment rate edged up to 3.7%. Details at the link in bio.
Ariana Grande’s “Sweetener” tour, which began in March, is already breaking records — at least for registering new voters ahead of the 2020 presidential election. Grande announced she would be partnering with nonprofit voter registration group HeadCount in March via Instagram, telling fans to “use your voice and get your ‘thank u, next gen’ sticker.” Her message appears to be getting through. HeadCount, which partners with musicians to register voters at concerts, has signed up just over 17,000 voters so far this year, more than any other year before a presidential election. Details, at the link in our bio. * * * * * * * * #arianagrande #sweetener #registertovote #vote #voterregistration #election #politics #entertainment #new #cnbc
Americans know how to celebrate. On this year’s 243rd anniversary of the adoption of the U.S. Declaration of Independence, American adults will spend about $1 billion on beer alone – that’s roughly the same amount that is spent on fireworks, the majority of which are imported from China. In fact, the Fourth of July is one of the country’s top drinking holidays, with roughly $1.6 billion spent together on beer and wine, according to a report by WalletHub. Yet more still is shelled out on food for the grill. Details, at the link in our bio. * * * * * * * * #fourthofjuly #happy4th # #independenceday #4thofjuly #america #july4th #redwhiteandblue #usa #fireworks #summer #merica #patriotic #holiday #starsandstripes #julyfourth #celebrate #american #happyfourth #flag #summertime #bbq #july4
Under the U.S. Flag Code, any clothes with the flag on it are technically illegal. The federal flag code says that “The flag should never be used for advertising purposes in any manner whatsoever.” So the flag shouldn’t be used on any commercial items, including apparel. But thankfully, you’re probably safe. “There’s no flag police. No one’s going to get arrested,” said Marc Leepson, author of “Flag: An American Biography.” Read more at the link in our bio.
The United States economy is making history. This month marks the 121st month of economic expansion for the U.S., making it the longest run on record going back to 1854. The expansion began in June 2009, on the heels of the great financial crisis. It's worth noting, however, that this run has been weaker than past expansions in total. The cumulative total of quarterly GDP growth figures equals 25%, far lower than previous booms. More on the state of the economy, at the link in our bio. * * * * * * * * #economy #useconomy #gdp #growth #finance #economics #business #news #economics #businessnews #cnbc
Global markets have rallied on the re-ignition of trade talks between the U.S. and China. But analysts say China is already adapting to the changing business landscape and that trade (and particularly, technological) relations will never be the same again. Details, at the link in our bio. * * * * * * * * #china #unitedstates #usa #internationalnews #internationalrelations #trade #tradewar #tariffs #policy #tradepolicy #trump #technology #tech #trumpadministration #business #news #economics #businessnews #cnbc #cnbctech
President Trump’s campaign and the Republican Party have a big advantage as they prepare for a tough bid to keep the White House in 2020. 💰 The massive $105 million haul gives Trump and the GOP a head start, as roughly two dozen Democratic candidates scrap for support — and divide donors. For comparison, President Obama’s reelection campaign reported about $46 million in receipts in the second quarter of 2011. More on who is funding the 2020 candidates, at the link in our bio. * * * * * * * * #potus #trump #donaldtrump #presidenttrump #fundraising #politics #republican #gop #election2020 #election #presidentialelection #politicalnews #uspolitics #followthemoney #yourmoneyyourvote #news #new #cnbc
Christine Lagarde, managing director of the International Monetary Fund, has officially been nominated to become the next president of the European Central Bank. If confirmed, Lagarde would take over a central bank struggling to jolt economic growth in Europe. Details on Lagarde's legacy and the challenges she can expect to face at the ECB if confirmed, at the link in bio.
MacKenzie Bezos announced the news of her own divorce settlement with Amazon CEO Jeff Bezos in April, but the transfer of Amazon stock to her is expected to happen this week, according to Bloomberg. Bezos will receive about a 4% stake in Amazon, currently worth nearly $38 billion. The settlement will make Bezos the fourth-richest woman in the world. Details at the link in bio. (via @cnbcmakeit)* * * * * * * * #mackenziebezos #money #jeffbezos #bezos #fortune #divorce #business #cnbc #cnbcmakeit
Stocks just brushed up against record highs, but a looming threat is just a couple weeks away: corporate profit reports from the second quarter. 77% of the 113 companies that have issued earnings per share guidance have warned that their numbers will be worse than what Wall Street analysts are estimating, according to FactSet. That's a level of pessimism not often seen from corporate America. What's behind those concerns? Details, at the link in bio. * * * * * * * #stockmarket #stocks #earnings #profit #business #corporateprofit #data #investing #portfolio #tradertalk #money #eps #earningsreport #wallstreet #wallst #businessnews #CNBC
Nike yanked a sneaker design featuring an old version of the American flag after NFL player Colin Kaepernick complained. Kaepernick said he and others felt the sneaker was offensive because it promotes a flag linked to slavery, the Wall Street Journal reported. The “Betsy Ross” flag, which was created back in the 1770s to represent the original 13 colonies, has since been associated with white supremacy. Kaepernick is part of Nike's 30th anniversary "Just Do It" campaign. He made headlines for deciding not to stand for the national anthem during an NFL game in protest against racial injustice. Some consumers and political figures spoke against Nike’s decision to pull the shoe. Arizona Governor Doug Ducey said he would pull financial incentives for Nike, which has planning to build a manufacturing plant in Phoenix. To read more about the controversy, visit the link in bio. * * * * * * * * #nike #nke #colinkaepernick #justdoit #nfl #football #kaepernick #sports #sneakers #sneakerhead #nikeairmax #4thofjuly #businessnews #business #CNBC
Investors may be getting a prime chance to play China. In fact, on a price-to-book-value basis, Chinese stocks are the cheapest they’ve been relative to the S&P 500 in 20 years, according to KraneShares investment chief Brendan Ahern. He says that despite Monday’s rally in U.S. equities, which took the S&P 500 to a new all-time high after the U.S. and China agreed to a trade truce, Chinese stocks are still looking fairly cheap. More on the relative value of Chinese equities, at the link in our bio. * * * * * * * #stockmarket #stocks #china #stocks #business #marketdata #data #investing #portfolio #tradertalk #money #trading #wealth #wallstreet #wallst #businessnews #CNBC
In 2018, Amazon paid $0 in U.S. federal income tax on more than $11 billion in profits before taxes. It also received a $129 million tax rebate from the federal government. How does that happen? Jeff Bezos' company is not the only corporation getting money back from the federal government. For example, General Motors also reported a net federal income tax benefit in 2018. You can read up on Amazon's low tax bill, at the link in bio. * * * * * * * #amazon #taxes #profit #jeffbezos #business #wealth #businessnews #CNBC
Democratic rising star and 2020 presidential hopeful Pete Buttigieg is going into the third quarter with millions on hand, a massive total. 💰 That's largely because Buttigieg has made inroads with big-money donors. Buttigieg has enlisted the help of at least two dozen Democratic bundlers who had strong allegiances to former President Barack Obama and Hillary Clinton during her White House run. Buttigieg is among three 2020 candidates, including former Vice President Joe Biden and Sen. Kamala Harris, who have received the support of top financiers across the country. More on who is funding the candidates, at the link in our bio. * * * * * * * * #petebuttigieg #mayorpete #fundraising #politics #democrat #election2020 #election #presidentialelection #politicalnews #uspolitics #followthemoney #yourmoneyyourvote #news #new #cnbc
Instagram is not eavesdropping on its customers’ conversations offline to target them with ads, according to its chief Adam Mosseri. "...we don’t look at your messages, we don’t listen in on your microphone, doing so would be super problematic for a lot of different reasons,” Mosseri told CBS. “But I recognize you’re not going to really believe me.” So then how do you explain why an ad for something you just discussed in private uncannily shows up in your Instagram feed? Mosseri has a few theories. Hit that link in our bio to read all about it. * * * * * * * #privacy #social #socialmedia #instagram #data #facebook #cnbctech #cnbc
Warren Buffett said he will donate $3.6 billion worth of Berkshire Hathaway shares to five foundations, including the Bill & Melinda Gates Foundation. Buffett plans to give away all of his Berkshire shares through annual gifts, which will be completed 10 years after his estate is settled, the company said. More, at the link in bio. * * * * * * * #warrenbuffett #success #invest #quotes #investor #finance #motivational #personalfinance #quoteoftheday #entrepreneur #moneyonmymind #moneysmarts #investinyourself #moneygram #quote #stockmarket #stocks #investing #portfolio #tradertalk #money #trading #wealth #wallstreet #wallst #businessnews #CNBC
June was a good month for Wall Street. ▪️The Dow Jones Industrial Average rallied 7.2%, notching its best June performance since 1938. ▪️The S&P 500 posted its best first half of a year since 1997, soaring 17.3% and reaching an all-time high. ▪️Gold surged more than 7% in June, its biggest gain since June 2016. ▪️Oil surged more than 9% in June. What's behind all of this momentum? You can read up on the topic, at the link in bio. * * * * * * * #stockmarket #stocks #dollar #USD #business #marketdata #data #investing #portfolio #tradertalk #money #trading #wealth #wallstreet #wallst #businessnews #CNBC
Farmers spend more than $34 billion a year on labor in the U.S., according to the USDA. And many would like to hire more help. But the agriculture industry here faces labor shortages.⠀ ⠀ That’s where Root AI, a start-up in Somerville, Massachusetts, comes in. The company’s first agricultural robot, dubbed the Virgo 1, can pick tomatoes without bruising them, and detect ripeness better than humans.⠀ ⠀ The Virgo is a self-driving robot with sensors and cameras that serve as its eyes. Because it also has lights on board, it can navigate large commercial greenhouses any hour of the day or night, detecting which tomatoes are ripe enough to harvest. A “system-on-module” runs the Virgo’s AI-software brain. A robotic arm, with a dexterous hand attached, moves gently enough to work alongside people, and can independently pick tomatoes without tearing down vines.⠀ ⠀ To learn more about how this will impact the agriculture industry in the United States, visit the link in our bio.⠀ *⠀ *⠀ *⠀ *⠀ *⠀ *⠀ *⠀ *⠀ #robots #tech #startup #startups #technology #tomato #work #atwork #labor #us #america #cnbc #cncbtech #cnbcbusiness #business #news
For restaurants, minimum wage hikes usually mean higher menu prices and fewer employee hours, according to a recent survey.⠀ ⠀ Fast-food workers across the country have been driving the fight for a higher minimum wage to keep up with the cost of living. States across the U.S. have responded by raising their minimum wages. ⠀ ⠀ Six states, including Illinois and Maryland, have approved laws phasing in a $15 minimum wage. Washington, D.C., currently has the highest minimum — $13.25 — and that is set to rise to $14 an hour on July 1 and to $15 on July 1, 2020.⠀ ⠀ You can read more about the minimum wage debate at our link in bio.⠀ ⠀ *⠀ *⠀ *⠀ *⠀ *⠀ *⠀ *⠀ #minimumwage #fightfor15 #livingwage #raisethewage #labormovement #fastfood #hardwork #lowpayisnotokay #economics #restaurantlife #business #politics #liberty #mcdonalds #cnbc
New York City is a hot spot for the rich. So much so, that in New York, NY, you have to earn $1.55 million to be among the top 1 percent.⠀ ⠀ According a report from data firm Wealth-X, it is home to nearly 1 million wealthy people, more than any other city in the world.⠀ ⠀ Details at the link in bio. (with @cnbcmakeit)⠀ *⠀ *⠀ *⠀ *⠀ *⠀ *⠀ *⠀ *⠀ #newyorkcity #ny #nyc #wealth #money #moneymatters #business #income #rich #news #cnbcmakeit #cnbc