The Week Ahead
Posted June 3, 2018 4:51 p.m. EDT
Apple’s Conference to Focus on Software Upgrades
Apple opens its annual weeklong developers conference in San Jose, California, on Monday with the unveiling of new software features and updates. Despite a slew of new hardware devices at last year’s event, Apple is expected to focus on software this year, including upgrades to the systems underpinning the iPhone and Apple Watch, and new tools for developers building apps that use augmented reality, a technology that displays digital objects in a screen’s view of the physical world. Apple is also expected to address growing concerns over smartphone addiction with new tools for parents to control how their children use the company’s products.
— JACK NICAS
Tesla’s Shareholders Could Ask Tough Questions
Tesla holds its annual shareholder meeting Tuesday, and the electric carmaker will most likely face tougher questioning from investors than in previous gatherings. The company’s stock has slipped more than 15 percent in the past 12 months, it is losing money and burning cash, and it is struggling to ramp up production of the Model 3, a compact car that Tesla’s chief executive, Elon Musk, is counting on the make the company profitable. Some institutional investors are even pushing to force Musk to give up his role as chairman, and to vote out three directors seen as close to him, including Musk’s brother. While the proposals may provide some drama at the meeting, they are not expected to come close to gaining the approval of a majority of shareholders.
— NEAL E. BOUDETTE
New Data Will Put Hard Numbers Behind ‘Gig’ Work
The rise of Uber and similar app-based platforms in recent years has drawn lots of attention to the changing relationship between companies and their workers. Actual data, however, has been limited, giving rise to widely disparate estimates of how many workers are part of the so-called gig economy. On Thursday, the Labor Department will release the results of a survey on freelancers, contractors and other people whose work falls outside traditional employer-employee relationships. This is the first time since 2005 that the survey has been conducted.
— BEN CASSELMAN
Trump Faces Angry World Leaders at G-7 Summit
President Donald Trump will come face-to-face with his fellow world leaders at the Group of 7 summit on Friday, just days after imposing steel and aluminum tariffs that threaten to set off a trade war with major U.S. allies. The two-day meeting, being held this year in the Charlevoix region of Canada outside Quebec City, is usually a time for pledges of cooperation among seven of the world’s largest economic powers — Canada, France, Germany, Italy, Japan, Britain and the United States. But Trump’s counterparts arrive this year with a long list of grievances, including his protectionist trade policies and his decision to unilaterally abandon the Iran nuclear deal. And the gathering of global leaders will take place on the eve of a potential summit between Trump and Kim Jong Un, the leader of North Korea, underscoring the anxiety and uncertainty over the president’s decision-making and on-again, off-again diplomacy.
— MICHAEL SHEAR