Economy

Massive Pacific Trade Agreement Ignores One Huge Tariff: Currency Manipulation

The Trans-Pacific Partnership trade agreement has been hashed out line-by-line. All 6,000 pages of it. It will set the rules for roughly one-third of world trade. It has precise requirements for tariffs, quotas and subsidies for all manner of goods. But there's one huge secret tariff that isn't included: currency manipulation.

Joe's Crab Shack Tests Out Ban On Tipping

Joe's Crab Shack, a national restaurant chain, is testing a tipping ban. Employees will receive raises instead. The chain's CEO Raymond Blanchette told CNBC the tradition of tipping is antiquated and has created an overly competitive atmosphere among employees. Joe's Crab Shack follows a number of restaurants that have recently done away with tipping, including Danny Meyer's Union Square Hospitality Group.