While the financial media has been preoccupied with the idea that the banking business is at risk of being “Amazon’d” by the blockchain, the banks themselves are worried about being “Amazon’d” by…well…Amazon…
Looks like Russian President Vladimir Putin is back at it.
The Wall Street Journal reported Thursday that hackers working for the Russian government have stolen data describing how US intelligence agencies infiltrate foreign computer networks and how they defend against cyberattacks. The data were stolen after a National Security Agency contractor removed the highly classified material and put it on his home computer, according to WSJ’s anonymous sources.
Netflix stock prices is soaring over 3% to a new record high this morning after announcing plans to raise the price of its most popular U.S. service plan by 10 percent as the streaming video giant looks to help pay for its ambitious budget for TV shows and movies.
Macquarie's equity research team has just offered up a valuable economics lesson which seems to perfectly, if inconveniently, explain why their business model is doomed by the upcoming implementation of MiFID II.
So what happens when you compete in a 'slightly' fragmented market (see below) to sell a highly commoditized product to a customer that places so little value on the product that it has historically only existed courtesy of subsidies from trading revenues...then a regulatory body suddenly comes along and says you have survive as an independent operation?
A brand new Manhattan Shake Shack set to open its doors later this month in Astor Place will offer guests all the same great-tasting burgers, dogs and shakes as other locations but it will be missing one costly component that most other restaurants still depend on: cashiers.
As the NY Post points out today, Shake Shack will be using it's newest location to test a fully automated ordering system that will allow customers to order at kiosks or via the company's app and then pick up their food once they get a text.