It’s no secret that Wall Street lives in constant fear of Silicon Valley. Bank CEOs probably wake up in a cold sweat after imagining that their clients have handed their money to some new startup that’s found a way to disrupt a financial service like, say, wealth management.
Authored by Michael Snyder via The Economic Collapse blog,
Not even during the worst parts of the last recession did things ever get this bad for the U.S. retail industry.
Authored by Brandon Smith via Alt-Market.com,
The most expensive state for drivers isn’t what you’d expect. While conventional wisdom suggests that it costs more to be a driver in densely populated northeastern states with large, densely populated cities and bad winters, the truth is that states like New York and New Jersey don’t even crack the top five.
It turns out, in the state with the highest spending – rural Wyoming – gas accounts for 70% of drivers’ costs. In North Dakota, the No. 3 most expensive state for drivers, 69% of expenses are due to gas costs.
The signing of a $350 billion arms deal between the Kingdom of Saudi Arabia and the US might not be enough to convince the Saudis to bring the Aramco IPO – expected to be the biggest public offering in markets history – to New York City.