In The Headlines Payday Lenders Race to Make Changes Ahead of New Regulations Getting cash-strapped people into very expensive debt has been a good business for Matt Martorello. His company, Bellicose Capital, helps an American Indian tribe in Michigan run websites that offer small loans to the public at annualized interest [...]
In The Headlines Unlocking the Box: The FCC Proposes to Open Up the Future of TV The cable TV industry is being disrupted in a variety of ways, thanks to the rise of “cord cutting” and the popularity of streaming services like Netflix. But there is one area where the cable [...]
In The Headlines Does the Melting of the Arctic Represent a $1 Trillion Opportunity? The melting of the Arctic ice cap, and the unveiling of resources below it, presents mind-boggling opportunities for energy, shipping, fishing, science, and military exploitation. Energy and shipping have been first up. Norway made its national fortune [...]
In The Headlines Large Department Store Chains Rethink their Focus on Apparel Consumers are spending more on experiences, from travel to a meal out, which is chipping away at sales of tangible things, like clothing. And when shoppers do buy apparel, they are gravitating to off-price retailers such as T.J. Maxx [...]
The Rich Are Different Back in the Gilded Age, an ambitious social climber and noted toady named Ward McAllister coined the phrase "the Four Hundred," named for the number of people that Manhattan heiress Caroline Astor could fit in her Fifth Avenue ballroom. In 1982, Forbes magazine borrowed that same number [...]
In The Headlines High Yield Debt Market Woes: Echoes of 2008? A day after a prominent Wall Street firm shocked investors by freezing withdrawals from a credit mutual fund, things only got nastier in the junk-bond market. Prices on the high-risk securities sank to levels not seen in six years and, [...]
In The Headlines Amazon’s Prime Threatens Walmart and Target According to a new survey, there are now nearly 41 million members of Amazon.com’s Prime. The program keeps attracting more and more members, and new data from Wall Street firm Cowen & Co suggests the subscription service is getting stickier, posing a [...]
Uncle Sam, Knowing When to Hold'em Last month, millions of fans across America sat down in front of their televisions to watch the Kansas City Royals beat the New York Mets, 4 games to 1 in baseball's World Series. But few of those fans would ever dream they could suit up [...]
In The Headlines Are Robots Taking American Jobs? One central bank has some frightening predictions when it comes to job stability in the future. A Bank of England (BoE) official warned that 80 million jobs in the United States are at risk of being taken over by robots in the next [...]
In The Headlines Men’s Wearhouse Discovers Customers Don’t Forget a Good Deal Shoppers will not part easily with their beloved deals, as countless retailers have found out the hard way. Men’s Wearhouse is the latest to learn that painful lesson. The clothier recently reported that comparable sales at its Jos. A. [...]
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