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James Risoleo, Host Hotels CEO, joins CNBC's "Closing Bell" to discuss his company's first acquisition in the Florida Keys, and his outlook on the tourism and hotel industry. -from CNBC
A common belief among players is that the ball they choose can help them win. But there’s real physics at play behind this ritual and it all comes down to the fuzz.
At the Chinese Communist Party’s centennial celebration, President Xi Jinping called for defiance against foreign pressure.
The Federal Reserve is trying to figure out how to keep cash relevant in a cashless world. It’s considering digitizing the U.S. dollar, giving people money they can access on their phone.
Recently, the U.S. inflation rate reached a 13-year high, triggering a debate about whether the country is entering an inflationary period similar to the 1970s.
In 2018, the Rio games were estimated to have a total cost of $20 billion, far beyond the Rio organizing committee’s initial estimate of $2.8 billion. -from CNBC
A new generation of investors and influencers are moving markets like never before and they don’t intend to stop anytime soon. -from Bloomberg Quicktake
FT discusses whether China will dominate global commerce or whether the world economy could split along regional lines.
More than a year into the pandemic, scientists are still debating Covid-19’s origins. WSJ breaks down key events in three locations in China.
Ransomware attacks are increasing in frequency, victim losses are skyrocketing, and hackers are shifting their targets. WSJ’s Dustin Volz explains why these attacks are on the rise.
With its brightly lit billboards, costumed characters, and Broadway theater New York's Times Square is known as the crossroads of the world. -From Cheddar
Bitcoin and other cryptocurrencies set out to upend the financial order and replace conventional money. Bitcoin has certainly disrupted the global financial system, but can it ever live up to the hype
Across the country, states are shelling out incentives ranging from free beer to $1 million lotteries to encourage residents to get their Covid-19 shots.
In April 2021, India began registering some of the highest numbers of Covid-19 cases in the world. When that happened, the demand for life-saving oxygen soared too. -from Vox
Elon Musk’s comments on assets like bitcoin and dogecoin have helped send prices sky high and crashing down over the past year. WSJ explains Musk’s influence on cryptocurrency investors.
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Continuing our global virtual tour to learn something new, our next stop is one of my favorite cities in the world, Hong Kong.
Did not know that the name Hong Kong means ‘fragrant harbor’ in Chinese. Kowloon which is part of Hong Kong where I have spent a lot of time really means ‘nine dragons’.
The Star Ferry which is what I took to this location for this picture started running in 1880. The skyline which is recognizable worldwide gets all the attention, but you might be surprised to know that 40% of the territory is made up of nature parks and reserves. Hong Kong is where I enjoyed one of my longest and most enjoyable nature hikes.
While in Hong Kong, one of my favorite meals consisted of ‘dim sum’, a delicacy which originated in Southern China and means ‘touch of heart’. In this city, you will not find many ‘number 4s’ as the word sounds like ‘death’. You will find many ‘8ths’ as it’s a lucky number representing wealth.
There are 263 islands in Hong Kong. The city ranks 2nd or 3rd in the world in population density and you can easily see it walking its streets. Cantonese (96%) is the most spoken language, followed by Mandarin (48%) and not surprisingly English (46%).
You might think that New York is the home with the most skyscrapers, but you would be wrong. Hong Kong has the most skyscrapers in the world (classified as buildings with more than 14 floors); double of what you will find in New York City.
The many stops in Hong Kong included meetings with global retailers, onstage presenting the future of retail, and more importantly establishing great friendships with the locals that continue to this day.
I am looking forward to revisiting again soon for this expansive city was a reminder that it’s a small world after all. Lights, Camera, and Action to great memories of Hong Kong.
Securing the Future of Grocery
For the last 26 months, US grocery retailers have been riding the gravy train with retail sales growth of $266b. This research paper looks into the challenges and best practices for securing the future of grocery. - From IHL Services Read more
Visualizing the Coming Shift in Global Economic Power (2006-2036p)
The world’s economy continues to grow and is projected to soar past $100 trillion this year. By 2035, the world’s GDP will double, and China is likely to become the largest economy by 2030. – From Visual Capitalist Read more
What's Behind America's Baby Formula Shortage? -CNBC
Parents across the USA are scrambling to find baby formula. Empty store shelves, higher prices and retailers limiting sales have made already anxious parents even more nervous about their kids' health Read more
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