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f11photo/Shutterstock Visitors to Las Vegas and convention attendance move hand in hand. There is an overall uptrend, although there was a slight decline in 2017. The uptrend has landed the metric at a post reccession high. During the recession, I wrote about the troubles in Las Vegas and included a chart of visitor and convention […]
FEATURE: There may be no better measure of the progress the exploding esports industry has made in recent years than a gathering planned this week along the glamorous beaches of Cannes. For the next three days, Esports Bar, a conference dedicated to the business side of this surging industry, will gather many actors from the […]
“Press ‘1’ now to speak with cardholder services, as we have an amazing timeshare opportunity reserved for you. It comes with a warranty extension for your current automobile and includes a month of free prescription refills!” Such a pitch may not cover the complete range of possible robocalls—I get pitched regularly by some company that […]
REUTERS/ Keith Bedford Citigroup has hired a former senior banker at Goldman Sachs. Taran Bakker joins Citi as a managing director in the bank’s Global Asset Managers group, where he’ll cover private equity, pensions, sovereign wealth funds, and family offices in North America. Buyout firms are a growing source of business for investment banks, and Citi has been maneuvering to claim […]
(credit: Julien GONG Min) Microsoft has posted its results for the first quarter of its 2018 financial year. Revenue was $ 24.5 billion, an increase of 12 percent year on year, with an operating income of $ 7.7 billion, up 15 percent, a net income of $ 6.6 billion, up 16 percent, and earnings per […]
Nuclear brinksmanship with North Korea? California on fire? Puerto Ricans dying in the dark? A tweeter-in-chief who attacks football players, his own party, and the First Amendment? The response from Wall Street: yawn. None of these hideous headlines seems to have put the brakes on the fast-moving economy or the markets that fuel it. Stocks […]
MAYBE weary of its role as a punchbag for moralists, and certainly in search of products with widespread appeal, Wall Street has taken to selling products linked to virtue. That is not easy: how does an industry focused on financial returns go about gauging goodness? The approach started years ago with funds that called themselves […]
The legacy of Apple’s iPhone event this week may not be any of the individual products that were unveiled. Rather, it may be the boost they give to the company’s red-hot services business. That’s not to say that the iPhone X or the Apple Watch 3 weren’t impressive. It’s just that in the short term, […]
In Russia, surprising statistics aren’t too hard to come by. Take, for instance, this one: Josef Stalin, the murderous Soviet dictator who sent millions of his compatriots to labor camps, was recently voted the most “outstanding” figure in Russian history. That’s a long story. But here’s another somewhat startling figure that suggests the police state […]
Johan Farid Khairuddin steps aboard the Airbus A330 and looks for his seat. It’s fairly easy to find. His place, as detailed in his Twitter profile, is “Seat 0B. Soon 0A.” Khairuddin is being coy — he’s the co-pilot of the plane, and today he’s helping the pilot in Seat 0A fly some 350 passengers […]
