Economists may have found Fed Chair Jay Powell’s first press conference today a bit unfulfilling; equity analysts, by contrast, would have felt right at home. His answers felt straight out of a quarterly earnings conference call. Even the sound...
What’s flattest: Kansas, a pancake, or the US Treasury yield curve? Between the first two, the flapjack actually loses out to Dorothy Gale’s (Wizard of Oz) home state. Back in 2003, geographers measured the contours of an IHOP pancake with a...
Many readers know I covered the auto industry through the 1990s, and Facebook today reminds me a lot of General Motors circa 1992. Hard to believe, perhaps, but GM was a blue chip stock at the time. It had weathered the 1990-1991 downturn with an A...
Ride sharing company Lyft is experimenting with a subscription service alongside its pay-per-ride model. Among the options are: $199/month for 30 rides. The value of an individual trip cannot exceed $15. Still, the discount is sizable, potentially...
There are only 4 things Google doesn’t allow you to advertise on its search engine platform: Counterfeit goods. Dangerous products or services, like recreational drugs, weapons, ammunition, explosives and fireworks, and tobacco products. Anything...
Ever hear of Shanghai Lujiazui International Financial Asset Exchange, or Lufax for short? No? You will soon enough. This market-leading fintech company is working to go public in Hong Kong next month at a $60 billion valuation, raising as much as...
