Tim Cook has 2 trillion reasons to smile (AAPL)

Hello and welcome to Trending, Business Insider’s weekly look at the world of tech. I’m Alexei Oreskovic, Business Insider’s West Coast Bureau Chief and Global Tech Editor. Let’s see how far we can get this week before mentioning TikTok. If you want to get Trending in your email inbox every Wednesday, just click here. Most of our content is available to BI subscribers. Click here for 20% off. This week: Tim Cook has 2 trillion reasons to smile After nine years in the top job, Apple CEO Tim Cook finally got his wings: He’s now worth $1 billion. Cook is a latecomer to the party, primarily because unlike fellow tech… Read More

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Uber CEO threatens to temporarily shut down the app in California over labor disputes (UBER)

Uber’s CEO said the company could temporarily shut down in California if forced to consider its drivers employees. On Monday, a court ruled in favor of labor activists in ordering Uber and other gig-work firms to pay workers as employees, not contractors. A group of companies that rely on independent contractors have proposed a “third” way of classifying workers, including a benefits pool that can follow workers across apps and platforms while maintaining flexibility. Visit Business Insider’s homepage for more stories. Uber could temporarily shut down in California if a court ruling saying its workers must be classified as employees, not contractors, holds. CEO Dara Khosrowshahi told MSNBC Wednesday morning… Read More

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A full economic recovery will be ‘very difficult’ as long as COVID-19 remains a threat, Fed president Rosengren says

“As long as the virus poses significant threats to public health, a full economic recovery will be very difficult as individuals, often voluntarily, avoid activities that place their health at risk,” Boston Federal Reserve Bank President Eric Rosengren said Wednesday in prepared comments he’s scheduled to deliver to the South Shore Chamber of Commerce in Massachusetts. Rosengren said that not containing COVID-19 is likely to prolong the pandemic recession. He also defended the Fed’s Main Street Lending Program, saying that modest early activity is not a sign of failure. Visit Business Insider’s homepage for more stories. Eric Rosengren, the president of the Federal Reserve Bank of Boston, offered a gloomy… Read More

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Prince William to Prince Harry: You Moved WAY Too Fast With Meghan Markle!

When Prince Harry and Meghan Markle stepped down from their roles as senior members of the royal, many supporters of the couple hoped that the former duke and duchess would finally have a chance to tell their side of the story. Now, it seems that day has come … sort of. No, Harry and Meghan aren’t publishing memoirs or lambasting their tormentors in the press. But they have granted their silent consent to a revealing new book that paints a mostly unflattering picture of Meghan’s in-laws. Finding Freedom hasn’t been explicitly endorsed by Harry and Meghan, but it’s authors —Omid Scobie and Carolyn Durand — are journalists the couple worked… Read More

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