US-China trade war 'on hold,' Starbucks opens bathrooms to all, and more trending news
The news professionals are talking about now, curated by LinkedIn’s editors. Join the conversations on today's stories in the comments.
The U.S. and China have put a potential trade war “on hold,” agreeing to pause tariffs while they work to solidify a trade deal. A framework agreement, the result of discussions in Washington this week, is expected to see China “significantly increase purchases of United States goods and services” — which will help narrow the two nations’ $335 billion annual trade gap. In recent weeks, the U.S. had threatened to levy tariffs on as much as $150 billion in Chinese goods. ? Here’s what people are saying.
It’s official: Starbucks will allow non-paying guests to use its U.S. cafes and restrooms. The new policy, which applies to 8,000 stores, follows the arrest of two black men at a Philadelphia branch in April who had asked to use the restroom before they’d made a purchase. Starbucks cafes will close across the country next week for an afternoon of anti-bias training. ? Here’s what people are saying.
Facebook saw a 7% year-over-year increase in unique mobile users in April, according to data from Goldman Sachs — the same month as Mark Zuckerberg’s congressional testimony about data and the Cambridge Analytica scandal. “The #deleteFacebook backlash never really arrived,” notes Business Insider. The amount of time individuals spent on the social platform also rose. Zuckerberg is expected to testify before European Union lawmakers on data privacy, fake news and regulation this week. ? Here’s what people are saying.
Interest rates on student loans are going up for the second year in a row: The current rate of 4.45% will rise to 5% for undergraduates. Congress sets a limit for student loan interest rates — 8.25% for undergraduate borrowers and 9.5% for graduate borrowers. Student loan debt accounts for the most consumer debt in the U.S. after mortgages, with about 43 million Americans currently owing almost $1.4 trillion. ? Here’s what people are saying.
Stiletto sales are tumbling as women choose stylish sneakers over high heels. Retail figures for high heels and stilettos dropped 11% in 2017, according to research firm NPD, while sneaker sales jumped 37% — and sportswear brands are reaping the benefits. Leisure footwear made almost $20 billion in sales last year, with Adidas and Nike accounting for almost half of the growth seen in the women’s leisure sneaker market. ? Here’s what people are saying.
Idea of the Day: Diversity is a “requirement” for great companies, says former Campbell Soup CEO Denise Morrison. It’s not just the right thing to do — it helps shape better businesses.
“Diversity is the future. It’s a true reflection of the society we serve. If we don’t mirror our consumers, it will be impossible to connect with them.”
What's your take on today’s stories? Share your thoughts in the comments.
— Jessica Hartogs / Share this using #DailyRundown
Voice Over Actor at Bert Pence Associates, Inc.
6 年Unfortunately you have no idea how to do your research. What do you think my corporate name was back when I went after this lying president or so-called president elected by fools. Keep on Hunting baby.
They better invest in a toilet paper company
Bachelor's degree at University of Toronto
6 年Another problem is, if New York City commits it self to public facilities, they will be taken over by the thousands of homeless people living on the street.
Student loans are going up
CTO at Stealth
6 年Kevin O'Brien - I work for myself - I don't work for the State of California.? Furthermore, if i DID work for the state that doesn't mean I'm a drain on assets vs a liability.? I don't expect much genius to arise from Olathe, KS, though.? Thanks for living there, cities need as much electrical load as possible there.