These days, President Trump sees a lot to like in the U.S. economy and frequently cites positive statistics to make the case that things are getting better. "Prosperity is coming back to our shores, because we're putting American workers and...
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The parent company of Applebee's and IHOP plans to close up to 160 restaurants, vastly boosting the number of eateries from the two comfort-food chains that it plans to shutter.
Some 105 to 135 Applebee's restaurants will close, up from the 40...
That's according to a Bridgewater Associates note to clients released Wednesday August 9, penned by founder Ray Dalio and staffers Bob Elliott, Steven Kryger and Neil Hannan. A copy of the note was reviewed by Business Insider... Here's an...
I was surprised to learn Augustus Caesar was worth $1.4 trillion dollars: click for ginormous graphic Source: Visual Capitalist via Marketwatch
The post The Richest People in History appeared...
``U.S. equities fell on Thursday as tensions between the United States and North Korea persisted. The Dow Jones industrial average fell about 150 points with Goldman Sachs contributing the most losses... Traditional safe havens have seen solid...
Shares in the stores fell, with Macy's down 4 percent and Kohl Corp.'s off nearly 9 percent. Dillard's Inc. dropped 15 percent after reporting a loss of $17.1 million.
Macy's has cut jobs and closed some stores to try to reverse falling...
A poll of 4,000 firms in the country conducted by the respected Ifo think tank found that almost a fifth had seen banks try to charge negative interest rates on their deposits. Overall, 19.8 per cent of firms faced charges, with larger firms...
Source: Visual Capitalist
The post Is U.S. or China the World’s Economic Superpower? appeared first on The Big Picture.
My morning train reads: • This is how many fund managers actually beat index funds (Marketwatch) • As net neutrality dies, one man wants to make Verizon pay for its sins (The Verge) • Flywheel...
Click for video. Source: Recode
The post Early Stages of Journalism’s Visual Revolution appeared first on The Big Picture.
Interesting: click for complete graphic Source: Bloomberg
The post Lyft’s Experiment with Charging for Free Parking appeared first on The Big Picture.
A preliminary decision issued by the Commerce Department on Tuesday evening found that the products were receiving financial assistance from the Chinese government. It specifically levied "countervailing duties" on four Chinese companies,...
Investigators for the special counsel, Robert S. Mueller III, recently searched the Northern Virginia home of President Trump's former campaign manager, Paul Manafort, for tax documents and foreign banking records, a sign that the inquiry into...
Three Days That Changed Modern Life Forever Bloomberg, August 9, 2017 I take it as my mission today to connect the dots among three events — in reverse chronological order — that occurred on...
My midweek morning train reads: • Are Index Funds Evil? (Atlantic) • 12 Shocking Things I Learned by Working as a Butler at the Plaza Hotel (Bloomberg) • How Air-Conditioning Conquered America...
Stock options, lower taxes, automation, global trade and other factors have all come together to impact total income distribution. In the 1970s and 80s, the post-inflation, after-tax raises...
Consumerism is a simulacrum of real economic agency.
There is perhaps no better metric of class in America than personal power--what is known as agency: the power to influence or transform one's circumstances in a a self-directed manner. Those...
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