Afternoon Coffee: Illegal Student Labor at Apple iPhone X Maker, Car Part Suppliers Fined for Cartel

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Illegal student labor has been discovered at a Chinese factory that manufactures the Apple iPhone X, the Financial Times reports. Six high school students told the newspaper that they were part of a group of 3,000 students sent to the factory to complete a three-month “internship.” Instead, the students found themselves regularly working 11-hour days, which counts as illegal overtime for student interns under Chinese law.

Stick, Not Carrot

Campbell Soup is feeling the pain from a delayed harvest of California’s carrot crop. The disrupted supply of carrot-based products have caused the company’s supply chain costs to rise, and the company’s shares have fallen 8% in premarket trading, the Wall Street Journal reports.

Car Part Cartel

The EU has fined five car part suppliers $40 million for price fixing, Reuters reports. During 2004 and 2010, the suppliers of seatbelts, airbags and steering wheels to Japanese automakers Toyota, Suzui and Honda had taken part in four separate cartels.

Thanksgiving Spending

The average American is spending $165.14 on Thanksgiving expenses this year, according to a survey conducted by LendEDU. The biggest expense will be travel, accounting for $67.19, with food and wine coming in next.

This does not include hypothetical Black Friday spending of course, which has expanded to Thursday. At 2pm on Thanksgiving Day, J.C. Penney’s doors will be open to the more dedicated Black Friday shoppers, giving them three hours to sweep through the sales racks before Macy’s and Kohl’s open.

Afternoon Coffee wishes everyone a happy and safe Thanksgiving and Black Friday.

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