The retail apocalypse is just getting started. Brick-and-mortar stores are dying, shopping malls have metastasized into zombies, and ecommerce is only getting bigger. It’s a tough time to be in retail. There’s even more bad news. The vacancy rate in U.S. malls swelled to 8.4 percent in the first quarter of 2018, up from 8.3% […]
Archives for April 2018
TRADE WAR: China slaps tariffs on soybean, 100 other U.S. goods
China imports a large portion of its soybeans from the United States. The American soybean sector has been held afloat because of the world’s second-largest economy acquiring much of its soybean needs from the U.S. But, like the orange industry taking a hit from last week’s plethora of tariffs on American exports, soybean farmers are […]
STUDY: Millennials pay $92k in rent by age 30
How many millennials own a home? Not as many as their generational predecessors. When the housing market crashed, many millennials were starting school or just finishing up. Meanwhile, their job prospects were weak, they don’t save very much, and priorities continue to shift. In other words, it was and still is quite difficult to acquire […]
WATCH: A hilarious take on the gender pay gap
So, Equal Pay Day is upon us (April 10), which means politicians, thespians, and the Twitterati will utter falsehoods, misrepresent data, and shriek about the patriarchy. They will not account for any accurate data or listen to anyone with an opposing view. You know, it’s like any other day that ends in y. The gender […]
U.S. stocks suffer worst April start since 1929
What a start to the second quarter, huh? You’ve likely noticed your portfolio take a hit, causing you to panic and hit the sell button. But you’re not alone. According to data compiled by Bloomberg, U.S. stocks suffered the worst April start since 1929. On Monday, the Dow Jones shed nearly 500 points and the […]