How and why the payments industry will experience massive growth over the next five years

The payments ecosystem is undergoing a period of digital transformation, which will spur tremendous growth in money moved around the globe in the next five years. Consumers and businesses will make 841 billion noncash transactions worldwide in 2023, up from 577 billion in 2018. The next five years will mark a pivotal transformation in how […]

Shake Shack beats, but warns delayed restaurant openings will slow revenue growth (SHAK)

Instagram / Shake Shack Shake Shack beat on both the top and bottom lines. The burger chain said delays in new restaurant openings would weigh on revenue growth this year. It maintained its full-year revenue forecast, which was below Wall Street estimates. (Reuters) – Shake Shack said on Thursday that delays in new restaurant openings would slow revenue […]

Samsung’s profit growth slows in Q2 2018 despite stellar chip sales

(Reuters) — Samsung Electronics posted its slowest quarterly profit growth in more than a year on Tuesday as the sluggish global smartphone market weighed on earnings, although the chip business continued to perform well. Operating profit for the world’s biggest chipmaker and smartphone maker rose 5.7 percent to 14.9 trillion won ($ 13.3 billi…Read More

Facebook’s growth went into reverse for the first time, and the worst is yet to come (FB)

Getty Facebook saw a decline in monthly active users for the first time in its history. It’s a big deal because the decline was in Europe, which has just introduced the strict new GDPR privacy regulation. It shows that regulation is capable of curtailing Facebook’s massive growth and capping its revenue. The worst is yet […]

Prime membership growth is decelerating (AMZN)

This story was delivered to Business Insider Intelligence “E-Commerce Briefing” subscribers hours before appearing on Business Insider. To be the first to know, please click here.  Amazon Prime now has 95 million members in the US, according to surveys conducted by Consumer Intelligence Research Partners, LLC (CIRP), marking 12% annual growth. This reflects a decrease from the […]

The growth of index investing has not made markets less efficient

IN THE autumn of 1974 Paul Samuelson, a prominent economist and Nobel prizewinner, issued a challenge. Most stockpickers should go out of business, he argued. Even the best of them could not always beat the market average. But there was a snag. “If this advice to drop dead is good advice, it is obviously not […]

The rich world needs higher real wage growth

CENTRAL bankers and economists have spilled much ink in recent years on the question of why wages have not grown more. The average unemployment rate in advanced economies is 5.3%, lower than before the financial crisis. Yet even in America, the hottest rich-world economy, pay is growing by less than 3% annually. This month the […]

The rich world needs higher real wage growth

CENTRAL bankers and economists have spilled much ink in recent years on the question of why wages have not grown more. The average unemployment rate in advanced economies is 5.3%, lower than before the financial crisis. Yet even in America, the hottest rich-world economy, pay is growing by less than 3% annually. This month the […]