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 →
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 →
Market launch capital expenditures for a delivery-only auto sale e-commerce program costs $500,000 while the cost for a vending-machine launch averages $5 million. Carvana’s decision to use vending machines is motivated in part by an effort to attract millennials and … Continue reading →
Declining dynamism refers to the different ways in which workers and entrepreneurs have become less likely to explore new patterns of economic activity such as starting new businesses, switching jobs and moving across the country. According to a 2018 Hamilton … Continue reading →