Shale’s debt-fueled drilling boom is coming to an end
The Permian has recently seen job losses, and for the first time since 2016, the hottest shale basin in the world has seen job growth lag the broader Texas economy. The industry is cutting back amid heightened financial scrutiny from investors, as debt-fueled drilling has become increasingly hard to justify. Is US shale circling the drain? But EP companies focused almost exclusively on gas, such as those in the Marcellus and Utica shales, are in even worse shape. An IEEFA analysis found that seven of the largest producers in Appalachia burned through about a half billion dollars in the third quarter.Gas production continues to rise, but profits remain elusive. “Despite booming gas … [READ MORE...]
Sundance Gets Real, With a Lineup of Newsy Films for 2020
Now the executives tramping through Park City are likely to be looking for content to fill their streaming services. Amazon scored big in 2017 with a film it picked up at the festival, “The Big Sick,” a comedy co-written by and starring Kumail Nanjiani. It grossed more than $56 million at the box office and is now available on Amazon Prime Video.Disney Plus, the streaming service unveiled last month by the Walt Disney Company, will have a presence, with “Timmy Failure: Mistakes Were Made.” Directed by Tom McCarthy, a filmmaker known for “Spotlight,” the best picture winner at the 2016 Academy Awards, the film will be included as part of the festival’s children’s slate.Relative newcomers like Apple, Amazon and Netflix have kept Sundance vibrant. “It’s good news when people get the financial … [READ MORE...]
How Can Female Entrepreneurs Attract Financing?
It’s generally acknowledged, however, that women get a fraction of venture capital globally, and that those who are black, Hispanic or Asian get significantly less.“Money is the biggest stumbling block for female-led start-ups,” said Suzanne Norris, a partner at Victress Capital, a Boston-based firm that invests in companies with female founders and gender-diverse teams. “People invest in people who look like them,” said Nathalie Molina Niño, author of “Leapfrog: The New Revolution for Women Entrepreneurs” and chief executive of O³. Still, leadership and financing experts say there are ways women can attract money to their start-ups.Show your value. Half the challenge is seeing things through the lens of potential funders. Step into their shoes when you’re asked, “What’s your background? … [READ MORE...]
Latest News
What to Expect From the November Jobs Report
The labor force participation rate inched up through most of the spring and fall, driven in part by an increase in women ages 25 to 34 getting jobs or looking for work. Over the last year, nearly 1.7 million more people joined the ranks of workers.As Michael Gapen, chief United States economist at Barclays, points out, a bounce in participation is the equivalent of a bounce in productivity. “Progress is coming in a way that’s not inflationary,” he said, and it makes it easier for the Federal … [Read More...]
Can a Coal Town Reinvent Itself?
Coal is still the most prominent business, employing one in six workers in the county and accounting for one-third of its total wages. But it can no longer support such living standards. The income of Buchanan County’s residents has fallen to about two-thirds of the national average. And about 40 percent of that comes from federal transfers like Social Security. The county population has declined to under 22,000, of whom almost 3,500 people receive disability benefits. Over a quarter live in … [Read More...]
Podcasts and Travel Apps? Facebook Is Working on Those
Some apps from the endeavor have already been released. They include Aux, a social music app, and Bump, a matchmaking app for students, which were previously reported by the technology publication The Information. The apps were available on Google Play and Apple’s App Store, and Bump was labeled “offered by the NPE Team, from Facebook.”Some insiders said the effort might be a way for Facebook to ship new apps without the baggage of the social network’s name. The company has said the slightly … [Read More...]
Trump Warns Trade Talks With China May Last Past 2020 Election
Chinese officials have increasingly tried to look past President Trump’s day-to-day remarks about the negotiations and have focused on trying to obtain the best deal they can from Robert E. Lighthizer, the United States trade representative, and Treasury Secretary Steven Mnuchin. But the president’s remarks continue to receive attention on Chinese social media and are followed closely in financial markets around the world.The remarks followed several moves on Monday that renewed the president’s … [Read More...]
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Small Business
How Can Female Entrepreneurs Attract Financing?
It’s generally acknowledged, however, that women get a fraction of venture capital globally, and that those who are black, Hispanic or Asian get significantly less.“Money is the biggest stumbling block for female-led start-ups,” said Suzanne Norris, a partner at Victress Capital, a Boston-based firm that invests in companies with female founders and gender-diverse teams. “People invest in people … [Read More...]
Starting Your Own Business Is Hard. Here’s Some Advice.
LuLu O’SullivanGiftsDirect.com/TheIrishStore.comAs a young girl, Ms. O’Sullivan spent Saturday mornings watching her grandmother deftly chat up customers at the counter of her sweet shop on Merrion Row in Dublin. “Granny was quite a character,” said Ms. O’Sullivan, founder of GiftsDirect.com, the largest online retailer in Ireland, and TheIrishStore.com, which sells Irish products globally. “She … [Read More...]
Your Money
Climate Change Adds Wrinkle to Art Collectors’ Concerns
“We wanted users to be able to collaborate with their insurance companies, their estate planners or an auction house if they’re trying to sell the work,” he said. “We wanted the barrier to entry to be low; a lot of the people we were working with were less tech savvy.” (The service charges a monthly fee based on the size, not the value, of the collection. It goes up to $19 a month for individuals … [Read More...]
Yes, You Can Get Free Trading. But There’s Often a Catch.
And free trades might not even be worth that much to you. Few enlightened investors are chasing hot stocks anymore; they’re buying and holding a diversified mix of index funds to help them pay for big life events like college and retirement. (Index funds are basic mutual funds that track wide swaths of the stock market.)The big brokerage firms know this, and many of them have followed the lead of … [Read More...]