Business Briefs: Trade war, cellphones, TwitterPosted: Updated:
The ongoing trade war with China could mean some big changes for some American companies. A new survey by the American Chamber of Commerce in South China says 70 percent of companies based in the region are considering a delay in future investments - 64 percent say they're considering relocating out of China. Respondents say they're concerned about the increased cost of goods sold cutting into profits.
More Americans are delaying that phone upgrade. According to Hyla Mobile, people are using the same phone on average for 2.83 years, five months longer then what they reported in 2016. The reason is that phones are costing more and mobile carriers have changed their terms, forcing more people to pay the full price for a new device.
The UK Telegraph is reporting that Twitter has plans to remove the "heart" button, viewed as an indication of positive support for any given message. The goal is to create a healthier climate of debate. Twitter CEO Jack Dorsey is reportedly not a fan of the function. The company has yet to confirm the report.