Economy & Business

Business news

Why rock is still king on the concert circuit

22 hours ago

With a nod to the fact that nominations for the Rock & Roll Hall of Fame came out this week, there's an economic reality about the music business that needs to be recognized: Last year, hip-hop and rhythm and blues replaced rock as this country’s most popular music genre. That’s according to Nielsen’s analysis of digital and physical album sales as well as streaming. There's a twist here, though, because what Nielsen did not consider was how much money people spend on concerts.

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Here are some reasons why China's currency is sinking

22 hours ago

Dow Jones industrials sink 700 points as bond yields rise

23 hours ago

U.S. stocks are plunging toward their worst loss in six months on Wednesday as technology companies continue to take sharp losses. The Dow Jones Industrial Average fell 700 points in afternoon trading.

The losses were widespread as bond yields remained high after steep increases last week. Companies that have been the biggest winners on the market the last few years, including technology companies and retailers, suffered steep declines.

Life On China's Blacklist

Oct 10, 2018

In America, default and bankruptcy is almost a rite of passage for people in business. It's certainly nothing to be ashamed of. In China, however, failure to pay your debts is a cardinal sin. Offenders are banished to a blacklist. If you're on the blacklist, you can't buy a plane ticket or stay in many hotels. And your face may be plastered on billboards throughout the city, naming you as untrustworthy. Today on the Indicator, we talk with a coal broker who has been on the list for more than two years.

6 Supreme Court cases to keep an eye on this term

Oct 10, 2018

The U.S. Supreme Court has been in the spotlight in recent weeks over the confirmation of its latest justice, Brett Kavanaugh. Now attention turns to the cases the fully staffed high court will consider this session.

For more on what the new makeup of Supreme Court will mean for business and the economy, and some of the cases to watch, we spoke with Jessica Levinson, a law professor at Loyola Law School in Los Angeles. The following is an edited conversation with Levinson. 

President Donald Trump, who created a business out of licensing his name, recently tried his hand at branding something else: the North American Free Trade Agreement.

The United Nations says “we’ll need to cut emissions by half before 2030 and go carbon-neutral by 2050,” according to a new report. At least, that’s how Wired summarized.

(Markets Edition) With the Chinese yuan falling, U.S. Treasury Secretary Steven Mnuchin attempted to warn China of taking part in “competitive devaluation” of the currency. Then, we check on the markets with Jeffery Cleveland, chief economist with Payden & Rygel in Los Angeles. Finally, we look into networking. Before, connections could be made over a round of golf.

Inside Tsuda Shoten — a fish processing plant in Kamaishi, Japan — large machines whir and clang, connected by networks of chutes and rollers that shuttle tons of fish around the building. While much of the work is automated, many tasks still need human hands. That’s where workers like Nguyen Ti Thanh, 26, come in.

LaToya Dennis

Have you ever heard the saying “everything old is new again?” When it comes to the hemp industry in Wisconsin, that old saying is holding true.

Just ask former Milwaukee Alderman Mike McGee Junior and his business partner Maya Mays. They opened their first kiosk selling hemp-based products at Mayfair Mall back in July. Since then, they kiosk has turned into a store and they’ve added three others: 414 Hemp, 262 Hemp, 920 Hemp and 608 Hemp.

The high economic toll of mental illness

Oct 10, 2018

Mental disorders are estimated to cost the global community nearly $2.5 trillion each year — and those costs are increasing.

Unlike costly physical illnesses like cancer, where expenses are largely hospital-based, mental health costs are often indirect, such as not being able to work.

LinkedIn's co-founder breaks down "blitzscaling"

Oct 10, 2018

(U.S. Edition) We check in on the decline of the yuan, the national currency of China. Shaun Rein, the managing director of the China Market Research Group, told us more. A global summit on mental health concludes Wednesday in a bid to secure money and treatment comparable to other health issues. Worldwide, mental disorders cost governments almost $2.5M per year.

The LinkedIn co-founder on "Blitzscaling" a company while mitigating risk

Oct 10, 2018

“Don’t focus on early revenue, measuring your long-term value or your customers” might not be the advice a new entrepreneur would expect. But Reid Hoffman, co-founder of LinkedIn, says if your business idea is a worthy one, “don’t sweat it.” Just focus on getting big quickly.

(Global Edition) From the BBC World Service … A day after it downgraded its forecast for global growth next year, the International Monetary Fund is out with a new warning Wednesday about what it calls "dangerous undercurrents" threatening the world economy. Then, more than half a million people have been urged to evacuate their homes in the southeastern part of the U.S. as Hurricane Michael prepares to make landfall. That’s just weeks after storms ravaged Indonesia and the Carolinas.

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