The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
June 25 (Reuters) - Wayfair Inc came under pressure on Tuesday after hundreds of employees were reported to be planning a walkout over the retailer's alleged sale of more than $200,000 in bedroom furniture for a Texas detention facility for migrant children.
Shares of the company fell 5.3% to $144.40 on the New York Stock Exchange.
A Twitter account under the handle zwayfairwalkout, created this month with a following of more than 13,000 including high-profile Democratic U.S. Representative Alexandria Ocasio-Cortez, called for the work stop on Wednesday.
Wayfair, headquartered in Boston, did not immediately respond to a request for comment. The zwayfairwalkout account referred Reuters to the company and Reuters was not able to confirm it was created by Wayfair employees.
Democratic presidential candidate Senator Elizabeth Warren said on Twitter: "I stand with hundreds of zWayfair employees who are planning to stage a walkout at their Boston headquarters tomorrow. The safety and well-being of immigrant children is always worth fighting for."
An image of a letter to Wayfair leaders from employees said that an order for more than $200,000 of bedroom furniture was destined for a facility in Carrizo Springs, Texas that would house migrant children seeking asylum.
Criticism has mounted this week over the detention of migrant children in overcrowded, squalid conditions.
"In response to a recent letter signed by 547 employees, our CEO said that the company would not cease doing business with contractors furnishing border camps," zwayfairwalkout tweeted.
It demanded that Wayfair stop selling to migrant detention camps and that it give profits, which they claim amount to $86,000, to a Texas-based non-profit agency offering legal services to immigrants.
Screenshots on Twitter of a letter to employees that said it was from the retailer's "leadership team" read, "...We believe it is our business to sell to any customer who is acting within the laws of the countries within which we operate."
The walkout, scheduled to take place on Wednesday at 1:30 p.m. ET in Boston's Copley Square, is the latest example of employees protesting workplace social issues.
In June 2018, Alphabet Inc's Google faced internal upheaval over a contract to help the U.S. military analyze aerial drone imagery.
The hashtag "#wayfairwalkout" was top trending in the United State on Twitter as of Tuesday evening.
"Wayfair workers couldnt stomach they were making beds to cage children," tweeted Ocasio-Cortez. "They asked the company to stop. CEO said no. Tomorrow, they're walking out." (Reporting by Melissa Fares in New York, editing by Peter Henderson and Cynthia Osterman)