Here are three of the week’s top pieces of financial insight, gathered from around the web: Oversharing on Venmo Venmo is still sharing way too much of your personal life, said Brian X. Chen in The New York Times. Despite numerous complaints, the money-transfer app “is still set by default to publicly share when you…
The smartest insight and analysis, from all perspectives, rounded up from around the web: The world’s economic engine is sputtering, said The Economist. When China abandoned its draconian zero Covid controls last year, the expectation was that it “would stage a rapid recovery, even as other countries courted recession.” In fact, China’s economic growth has…
The smartest insight and analysis, from all perspectives, rounded up from around the web: Sky-high prices for luxury rooms Hotel prices are rising to unprecedented heights, especially for five-star stays, said Nikki Ekstein in Bloomberg. Prices at brands like Holiday Inn and Best Western have risen 19% in the U.S. and 32% in Europe since…
China can’t seem to shake off its post-COVID economic slump. Will that weakness backfire on the American economy? CNBC reported that the People’s Bank of China cut interest rates this week in an effort to spur economic growth, amidst a “confidence crisis” that has seen exports fall dramatically, factory production slow down, and housing sales…
Workers at a major Tokyo department store went on strike on Thursday after talks with management over the planned sale of their company broke down, marking the first major walk-out the country has seen in decades. Some 900 workers at the flagship Seibu store in the bustling district of Ikebukuro are protesting the sale of Sogo &…
The smartest insight and analysis, from all perspectives, rounded up from around the web: The world’s economic engine is sputtering, said The Economist. When China abandoned its draconian zero Covid controls last year, the expectation was that it “would stage a rapid recovery, even as other countries courted recession.” In fact, China’s economic growth has…
Transformation Europe Turning pain to progress: Alliance imagines a new, better Ukraine | View caption Hide caption War’s destructive power affects lives and entire nations. Yet it also paves the way for innovation and rebirth. As Ukrainians plan for the massive reconstruction of their country, they are also discussing the values needed to create a…
China can’t seem to shake off its post-COVID economic slump. Will that weakness backfire on the American economy? CNBC reported that the People’s Bank of China cut interest rates this week in an effort to spur economic growth, amidst a “confidence crisis” that has seen exports fall dramatically, factory production slow down, and housing sales…
In the early evening on Aug. 8, businessman Dave Portnoy made a shock announcement: He had bought back 100% of his company Barstool Sports, which he had previously sold to casino operator Penn Entertainment for $551 million, effective immediately. “The regulated industry” is “probably not the best place for Barstool Sports and the type of…
What Trump’s four indictments tell us about America | View caption Hide caption What’s more, Mr. Trump faces felony charges, both federally and in Georgia, that go right to the essence of democracy: alleged efforts to overturn the 2020 election results. In that light, presidential historians say, the United States is at a turning point,…