America’s Deadliest Jobs, A Global Recession, And Other Financial Stories Worth Reading Today (5/13/15)
Bloomberg made an interesting interactive infographic (like that alliteration?) regarding America’s most deadly jobs. You’d be surprised what they are.
Uh-oh. JC Penney hasn’t reported positive earnings in three months. Does this spell disaster for the discount retailer?
The Wall Street Journal reports that food stamp usage is at its lowest since 2011, which points to an improving economy (and stricter state regulation).
Looks like Wegmans is coming to New York City. About freaking time.
Bankers are talking about just how unstable the market has been. (But you guys caused this to happen, right? Invisible hand, my ass.)
HSBC is warning everyone that there is going to be a financial meltdown any day now. The recession is coming! The recession is coming!
The US Commerce department released the retail sales report and it’s not looking good. Retail sales flatlined in April (but spent more on restaurants and internet websites).
CNBC’s Matt Clinch writes that the war between US shale producers and OPEC has just begun. Forget about market share, we’re talking production now. Baker Hughes reports that US oil rig count fell for its 22nd consecutive week.
An Israeli startup is going to wreak havoc with their MVP: a mobile ad blocker. Sure, this has been around for a while, but this particular startup has some serious backing (think: major mobile carriers). Why are they doing this? Well, ads eat up a ton of bandwidth, and guess who is paying for that? You, my friend. You are.
The New York Times is in bed with Facebook and this is A Big Fucking Deal. Some of the NYT staff are calling this the “End Of The Times As We Know It” and maybe it is, maybe it isn’t.
Greece’s economy contracts, sending it back into yet another recession, EU confirms. Sigh.
Honeybees are dying! Is this the end of mankind?
Russia is suffering right now. Their cabbage prices have become incredibly inflated — the price rose almost 98%. That’s a lot of green for this green-leafed vegetable.
You can now order Domino’s through a Tweet. What a world we live in.
Arrivederci, bond rally! Mounting pressure in the European bond market forced US treasury bonds to dip, erasing the earlier rally in price this Wednesday.
Researchers from TransUnion found out that student debt has no effect when it comes to millennials purchasing cars and houses. (This is a contrarian point of view.)
Well, it turns out all of the money Brazil spent on the World Cup stadiums have been for naught. They were used for the World Cup and since then, all have been running at a loss. Some stadiums were built in bizarre locations (some areas have no local soccer teams!) and stadiums that do host domestic games are contested regularly by the teams and the people running the stadiums. Most, if all of the revenue pulled in by soccer teams go to repaying construction costs. Isn’t that just a little bit crazy?
Good news to contractors who work for Facebook: Your minimum wage is boosted to $15 an hour, plus you get 15 days off.
Shake Shack’s shares jumped up roughly 8% after their reported earnings beat expectations. Celebrate with a shackburger!
