Stocks shattered by Spain terror attacks as investors flee to gold & cryptocurrencies
‘Intended to kill as many as possible’: Extremely graphic footage emerges from Las Ramblas attack The pan-European STOXX 600 was down 0.29 percent, rebounding from a 0.9 percent loss. Tourism and airline industry stocks took the hardest hit.Easyjet, Ryanair, British Airways owner IAG, and Lufthansa were all in the red, down from 1.9 to 2.7 percent.Spanish airport company AENA was down 1.52 percent, recovering from a two percent drop."As we've seen over the last couple of years in Europe, these kinds of atrocities affect tourism and will hit airline earnings," said Neil Wilson, an analyst at ETX Capital, as quoted by Reuters.Spanish stocks are leading the selloff in Europe with the IBEX in Madrid down one percent. The British FTSE100 was down 0.98 percent, Germany’s DAX dropped 0.58 … [READ MORE...]
On Technology: How Hate Groups Forced Online Platforms to Reveal Their True Nature
The recent rise of all-encompassing internet platforms promised something unprecedented and invigorating: venues that unite all manner of actors — politicians, media, lobbyists, citizens, experts, corporations — under one roof. These companies promised something that no previous vision of the public sphere could offer: real, billion-strong mass participation; a means for affinity groups to find one another and mobilize, gain visibility and influence. This felt and functioned like freedom, but it was always a commercial simulation. This contradiction is foundational to what these internet companies are. Nowhere was this tension more evident than in the case of Cloudflare, a web-infrastructure company. Under sustained pressure to drop The Daily Stormer as a client, the company’s chief … [READ MORE...]
Entrepreneurship: Bubble Tea Purveyors Continue to Grow Along With Drink’s Popularity
“One hundred percent sweetness,” the clerk said helpfully to a customer, “is like a Coke.”Also: Small or large? Hot or cold, and, if cold, lots of ice or just a little?Photo At a Boba Guys shop, descriptions of drinks help first-time customers make a selection. Credit Dolly Faibyshev for The New York Times Photo Whisking green tea, then adding it through a strainer to a bubble tea concoction. Customers can choose ingredients and sweetness levels. Credit Dolly Faibyshev for The New York Times Anchal Lamba, 27, owns eight Gong Cha bubble tea shops in New York City and has franchised others elsewhere in New York State … [READ MORE...]
Latest News
Sharing the Pie: Trump Says More Jobs Will Help Race Relations. If Only It Were So Simple.
In the middle of 2013, when the jobless rate was 7.5 percent, 70 percent of adults thought race relations were somewhat good or very good. By 2015, unemployment was down to a healthy 5.3 percent, but only 47 percent gave that positive reading of race relations.One likely reason for the shift is the rise of protest movements over police killings of African-Americans. Those protests took off in August 2014, when a white police officer fatally shot Michael Brown, 18, in Ferguson, Mo. Negative … [Read More...]
A 2:15 Alarm, 2 Trains and a Bus Get Her to Work by 7 A.M.
“It’s like school,” she said.Photo 4:58 A.M. Sleep is a popular way of passing the first leg of the trip. Credit Andrew Burton for The New York Times ACE ridership has doubled over the past decade, to about 2,500 people a day, though the figure is still dwarfed by the number who commute by car from San Joaquin County to the Bay Area. On that recent early morning, as the train wound toward the Altamont Pass, … [Read More...]
U.S. Begins Nafta Negotiations With Harsh Words
While trade with Canada has been more balanced in recent years, Mr. Lighthizer said Wednesday that over time the United States has run a significant trade deficit with Canada, too.Such trade deficits, Mr. Lighthizer said, “can’t continue.” President Trump has made it clear that he regards trade deficits as a primary measure of the nation’s economic health.Mexico and Canada, however, are united in discounting the importance of trade deficits. Many economists agree that the focus on bilateral … [Read More...]
Fed Officials Confront New Reality: Low Inflation and Low Unemployment
But the weakness of inflation, which the Fed now expects to remain below its target annual pace of 2 percent for the fifth-consecutive year, is prompting some Fed officials to hesitate.Most Fed officials subscribe to a view of inflation in which prices rise more quickly as unemployment declines. The basic idea is that companies must offer higher and higher wages to keep their workers.Now, the Fed is confronting “the coexistence of low inflation and low unemployment,” a phenomenon that inverts … [Read More...]
Previous news
- Economic Scene: It’s the Economy, Democrats, but Inequality Is Not the Issue
- Japan’s Economy Grows Again, in Longest Streak in 11 Years
- Beneath Markets’ Calm Are Signs of Growing Investor Caution
- Economic Scene: The Danger From Low-Skilled Immigrants: Not Having Them
- Trump’s Stalled Trade Agenda Leaves Industries in the Lurch
Small Business
Entrepreneurship: Bubble Tea Purveyors Continue to Grow Along With Drink’s Popularity
“One hundred percent sweetness,” the clerk said helpfully to a customer, “is like a Coke.”Also: Small or large? Hot or cold, and, if cold, lots of ice or just a little?Photo At a Boba Guys shop, descriptions of drinks help first-time customers make a selection. Credit Dolly Faibyshev for The New York Times … [Read More...]
The Rebranding of the Bronx
That has changed. Mr. Obispo ascribes the area’s newfound self-respect in part to a spate of new building and speculation by outsiders — the South Bronx had the fastest rate of business growth in the borough from 2000 to 2011, according to the office of the state comptroller — a factor that has spurred locals to wrest back their community and reclaim it as a seat of urban cool. Slide … [Read More...]
Your Money
Before You Pay for Financial Advice, Read This Guide
All of this means that the onus remains on savers to ensure the professional they choose is the right one. AdvertisementContinue reading the main storyHere are several questions to ask yourself when considering paying for financial advice.What kind of adviser should I work with?If you’re thinking about hiring a financial planner, read this primer first.You’ll want to hire the type of … [Read More...]
Wealth Matters: Your Child’s Tuition Is Paid While You’re in Tahiti
When Mr. Ross and his wife sailed their yacht Restless on a six-month journey that took them from the Caribbean through the Panama Canal and on to the Galápagos, Tahiti and New Zealand (with several land stops along the way), “It was nice to know someone was looking after our stuff,” he said. AdvertisementContinue reading the main storyHe set up a bank account and gave Total Personal … [Read More...]