News in Economics

Sort by ratingciting

The U.S. Cities With The Highest Concentrations Of STEM Jobs [Infographic]

- Share to facebook - Share to linkedin. Jobs in STEM fields - science, technology, engineering and mathematics - are crucial to the stability and continued growth of the U.S. economy. While STEM jobs are often associated with computing, coding and Silicon Valley style innovation, they are the driving force behind everything from manufacturing to food processing and modern healthcare. Given that advanced technology is key to guaranteeing future ... Full story

After a long winning streak, Netflix's vulnerabilities are becoming clearer

At just under 150 million subscribers, Netflix is the biggest subscription service on the planet. But even the Death Star had vulnerabilities. Later this year, Disney and WarnerMedia, hellbent on building their own direct-to-consumer video businesses, are expected to launch rival streaming services. Apple is introducing its own streaming offering, while Amazon and Hulu look to continue growing their own streaming services. Meanwhile, Netflix’s ... Full story

HS2 buys residential properties and land worth £600m

Image caption The proposed route of the new rail line is expected to be completed by 2034. More than 900 properties worth nearly £600m have been bought by the company responsible for delivering High Speed Rail 2 (HS2), figures show. They include Whatcroft Hall, sold by comedian John Bishop for £6.8m, the highest price paid for any property. Campaigners opposed to the rail project said some homeowners had been treated badly, claiming homes were ... Full story

Coinbase expands cryptocurrency trading services across 11 new markets

Coinbase, one of the longest serving exchanges in the cryptocurrency ecosystem, is expanding its services across Latin America and Southeast Asia. As a result of the expansion, cryptocurrency enthusiasts in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines, and New Zealand will now be able to access the company’s crypto-to-crypto trading services. The expansion means Coinbase is now available to ... Full story

Climate change: Central banks warn of financial risks in open letter

Image caption Governor of the Bank of England Mark Carney contributed to the open letter. The heads of two major central banks have written a stark warning about the financial risks of climate change. Bank of England governor Mark Carney and France's François Villeroy de Galhau set out the dangers to the global economy in an open letter. "If some companies and industries fail to adjust to this new world, they will fail to exist," they wrote. ... Full story

Burger King’s Impossible Whopper tastes even better than the real thing

ST. LOUIS — The Gateway Arch, that soaring stainless-steel rainbow hard by the Mississippi River, stands as a 630-foot monument to an idea that was controversial even in 19th-century America: that this Midwestern city would serve as a starting point to a new life out West, where people could escape the problems of their past. If all goes according to Burger King’s master plan, St. Louis could again serve as a gateway to a new life, this one ... Full story

Netflix added 9.6M subscribers in Q1, with revenue of $4.5B

Netflix just released its earnings letter for the first quarter of 2019. The company says it saw growth of 9.6 million paying subscribers, up 16 percent year-over-year. That’s significantly ahead of the 8.9 million new subscribers that analysts had predicted . On the financial side, the quarter came in right at expectations, with revenue of $4.5 billion and earnings per share of 76 cents. Netflix says it now has 148.9 million paid streaming ... Full story

Smart speakers’ installed base to top 200 million by year end

Smart speakers’ global installed base is on track to top 200 million by the end of this year, according to a report out today from analysts at Canalys. Specifically, the firm forecasts the installed base will grow by 82.4 percent, from 114 million units in 2018 to 207.9 million in 2019. The U.S. will continue to lead in terms of smart speaker adoption, but a good portion of this year’s growth will also come from East Asian markets — ... Full story

Warning over holiday deposit rules

Travel companies have been warned against mistreating unfortunate customers by relying on unenforceable deposit and payment demands. A lack of awareness over how much can be retained when a traveller cancels a booking is widespread, according to the Competition and Markets Authority. A company cannot automatically keep a large deposit if the customer cancels owing to unforeseen circumstances. Such a contract may be unfair, even if written into ... Full story

Blockchain’s Billion Dollar Babies

Cryptocurrencies may be in the depths of winter, but it’s early spring for new business applications using the technology underlying bitcoin. Take the case of financial record keeping behemoth Depository Trust & Clearing Corp, otherwise known as "DTCC." It's responsible for keeping the books on 90 million transactions a day, representing most of the world's $48 trillion in securities —from stocks and bonds to mutual funds and derivatives. ... Full story