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Coinbase went public with a highly anticipated listing in 2021, but as the crypto market crashed, the company’s share price dropped by more than 80%. Now it’s working to diversify its revenue.
Traffic is a growing problem in many U.S. cities. Instead of adding more streets to accommodate cars, a growing movement is pushing to ban them in dense areas like New York City.
The U.S. government wants to collect more weather data from private companies’ satellites, with the goal of improving forecasting while cutting costs. But not enough businesses are collecting the necessary data.
"Quiet quitting" is having a moment. The trend of employees choosing to not go above and beyond their jobs in ways that include refusing to answer emails during evenings or weekends, or skipping extra assignments that fall outside their core duties.
A true marvel of engineering, Apple's Floating Store certainly catches the eye. Known for their great architecture apple has many beautiful buildings such Apple's $5 Billion Headquarters - Apple Park.
On August 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers. But student loan accounts for less than 10% of household debt in America, which reached $16.15 trillion during the second quarter of 2022
Mexican chili peppers used in Sriracha. Italian risotto rice. American corn that’s used in nearly everything: these crops are vulnerable to high heat, and extreme droughts worldwide are hitting yields which could mean higher prices for staples this winter
Container-ship backlogs from New York to Houston are extending strains on troubled supply chains in the U.S. WSJ’s Paul Berger explains what’s contributing to the congestion and what impact it’s having on the economy.
Most cars now have touch screens in the middle of the dashboard. Some tech heavy cars - such as those by companies like Tesla and Rivian - rely nearly entirely on them. They're also cheaper to make and maintain.
At the onset of the Covid-19 pandemic, China's strict "zero-Covid" policies managed to keep Covid-19 at bay. More than two years later, the country's ongoing controls are weighing down its economy and stalling global supply chains.
Every time you pay with your credit card, it costs the store a small percentage in fees: usually around 3%. And in 2022, Visa and Mastercard raised those credit-card fees again.
The United Nations’ worst-case scenario calculation is that food prices will rise by an additional 8.5% by 2027. Part of those higher costs is due to more expensive fertilizers as some have seen 300% price spikes over the past year.
During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country's economy stumbled. In May 2022, the government defaulted on its debt for the first time in history.
The average American experienced just over eight hours of power outages in 2020. The overall duration of power interruptions in the U.S. more than doubled over the past 5 years.
Value menus shot to popularity in the ‘90s after the burger wars consumed the fast-food industry. And thanks to Americans’ love for cheap eats, they’ve stuck around. WSJ explains how inflation and supply-chain issues are changing the value menu.
The pandemic and hybrid working have changed the very idea of the office. This is not only changing the design and purpose of offices, but the look of cities too.
From long lines to delays and cancellations, airports around the world have been trying to manage a post-pandemic travel surge with a shortage of staff.
Singapore Airlines operates the world’s longest flight, during which passengers can now get fish. It might sound risky, but it’s fresher than you might expect.
Since December, workers have led a surge of unionization unlike anything this country has seen since the Great Depression. It’s happening at arduous workplaces like one Amazon warehouse in New York, but it’s also hitting an entirely new sector.
Airbnb was formed during the 2008 financial crisis and evolved during the Covid-19 pandemic. WSJ’s Preetika Rana and Airbnb CEO Brian Chesky share insight into the home-sharing giant’s success and what the future might hold for the company.
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“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
Deloitte Global Retail Outlook 2024
After a prolonged period of suppressed consumer spending, macroeconomic and geopolitical uncertainty, and rapid changes in consumer behavior (among other things), the global retail industry stands at a crossroads; forced to make decisions about long term investments in new technology and business models while at the same time managing the rising cost of doing business and a decline in the spending power of consumers. - From Deloitte Insights Read more
The World's Top Flight Routes by Revenue
In 2024, a record 4.7 billion people are projected to travel by air—200 million more than in 2019. While revenues surged to an estimated $896 billion globally last year, airlines face extremely slim margins. On average, they made just $5.44 in net profit per passenger in 2023. Today, the industry faces pressures from high interest rates, supply chain woes, and steep infrastructure costs. - From Visual Capitalist
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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