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 traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.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
camp@ (Adds quote, company donation, crowd drifting away)
BOSTON, June 26 (Reuters) - Several hundred people, including employees of Wayfair Inc, rallied in Boston on Wednesday to protest the online retailer's sale of furniture for a Texas detention facility housing migrant children.
It was the latest outpouring of anger over Republican U.S. President Donald Trump's efforts to crack down on illegal immigration. The protest drew the support of high-profile Democrats including U.S. Representative Alexandria Ocasio-Cortez and U.S. Senator Elizabeth Warren of Massachusetts, a presidential candidate.
Wayfair employees walked off the job at 1:30 p.m. to protest an order for more than $200,000 of bedroom furniture destined for a facility in Carrizo Springs, Texas, that would house migrant children seeking asylum. After about an hour, many in the crowd drifted away from the rally.
Employees have cited an internal document on the sale. A posting on Twitter, on zwayfairwalkout, said that 547 employees had signed a petition demanding that Wayfair halt all business with border camps. "CEO said no," the tweet said.
They demanded that Wayfair stop selling to migrant detention camps and that it give profits of the sale, which they claim amount to $86,000, to a Texas-based non-profit agency offering legal services to immigrants.
"There is more to life than profit," said Tom Brown, a 33-year-old engineer at Wayfair. "What is right is not cut and dry."
Wayfair did not respond to multiple requests for comment. It has made no public comment and has not denied the sale.
The company on Wednesday emailed employees to say it was making a $100,000 donation to the American Red Cross, according to an online posting by protest organizers and by employees attending the protest who received the email.
"That was not what we asked for," said Madeline Howard, 29, a Wayfair product manager.
Some in the crowd carried signs with messages including "a cage is not a home" and "a prison with a bed is still a prison."
Wayfair management rejected the petition's demands in an internal memo on Tuesday, according to the Boston Globe.
"We also believe in the importance of respecting diversity of thought within our organization and across our customer base," the unsigned letter read, according to the newspaper. "No matter how strongly any one of us feels about an issue, it is important to keep in mind that not all employees or customers agree."
Criticism has mounted this week over the detention of migrant children in overcrowded, squalid conditions. (Reporting by Tim McLaughlin Additional reporting by Melissa Fares in New York; editing by Scott Malone and Leslie Adler)