Over half of all credit cards are issued by the “big four” banks: JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America, according to Forbes. Swipe fees – which range between 1.5 percent and three percent in the U.S. – … Continue reading →
The total value of U.S. commercial properties selling for $2.5 million or higher totaled $562.1 billion in 2018 – a 15 percent increase compared to 2017, according to The Real Deal (citing data from Real Capital Analytics). Property prices increased … Continue reading →
Gross domestic product – the monetary value of all the finished goods and services produced – grew at a 2.6 percent annual rate in the final three months of 2018, according to
Continue reading →A report in Vox attributes Amazon’s zero tax liability on close to $11 billion in 2018 earnings to three factors: 1. Research and development tax credit; The rate of ED reduction was 39% of men above 40 and 65% of … Continue reading →
Airbnb guests with “African American-sounding names” are 16 percent less likely to be accepted by hosts than guests with “white-sounding names”, according to an article in the Harvard Business Review (referencing a study published in American Economic Journal). A study … Continue reading →
The proliferation of dollar stores in urban areas is raising concern that the discount chains are deterring grocers that sell fresh produce and meat from entering the market. In an attempt to address this concern, District 1 in Tulsa implemented … Continue reading →
The 768,000sf mixed-use development at 655 New York NW incorporates 19 historic buildings and covers most of the triangle-shaped bock in DC’s Mount Vernon Square neighborhood. A joint venture between Douglas Development and Brookfield Properties, the project is expected to … Continue reading →
Blue Stripes Cacao Shop, an Oded Brenner concept which opened last June at 28 East 13th Street in Manhattan’s Union Square, intends to expand to DC, according to Eater DC. With an intended footprint of between 1,500sf and 2,000sf, the … Continue reading →
TF Cornerstone and MSD Partners LP intend to replace the Grand Hyatt building in Midtown East with a two million square foot mixed use tower which would house retail, office and a new Hyatt hotel. Developed by Donald Trump in … Continue reading →
Victoria’s Secret annual same-store sales have fallen three years in a row and the stock value of its parent company L Brands decreased by 55 percent in 2018, according to CNBC. Victoria’s Secret makes up about 52 percent of L … Continue reading →