President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Waitstaff no longer have to fear the wrath of bad tippers, at least at Joe's Crab Shack.
The beach-themed restaurant chain began testing a no-tipping service policy in more than a dozen stores in the last few months, CEO Raymond Blanchette says.
Calling the practice a "forward-thinking policy" during an earnings call last week, Blanchette explained that traditional tipping methods were "antiquated" and fostered and overly competitive environment for workers.
"Servers, hosts, bartenders are paid now higher, fixed, hourly wages," Blanchette said during the call, "and it's expected to result in an improved team atmosphere, a significant reduction in turnover and greater financial security for the employees."
The exec noted that the restaurant would raise prices a bit instead of adding a service charge to make up the gratuity.
Joe's Crab Shack's no-tipping policy comes just weeks after restaurateur Danny Meyers revealed that all restaurants under Union Square Hospitality Group would do away with gratuities.
Joe's, owned by Ignite Restaurant Group, faced a sharp decline in sales this year; its comparable-store sales dipped 6.6 percent in the third quarter.
Blanchette said that the decline in sales was "fundamentally a traffic issue" and that the restaurants will focus on driving foot traffic earlier in the week and during weekend celebrations.