E-commerce giant already has pushed grocers to focus on delivery and pricing. Now it takes aim at stores’ profitable beauty aisle
Write to Heather Haddon at email@example.com and Esther Fung at firstname.lastname@example.org Appeared in the March 4, 2019, print edition as 'Grocers Face a New Amazon Blow.' Amazon.com Inc. has challenged grocers by pushing them to lower prices and expand their delivery options. Now the company’s latest plans threaten to steal sales of some of the industry’s more profitable products.
The e-commerce giant plans to launch urban grocery stores that could offer a spectrum of goods that includes beauty products alongside food. Beauty products represent a small…
It's time to celebrate the Halloween-Thanksgiving-Hanukkah-Christmas-New-Year Holiday Shopping Season!
At any big-box store, you can find the annual holiday mash-up now on garish display: Halloween costumes are stacked next to the decorative turkey napkins and pre-lit Christmas trees.
This year, most merchants are optimistic, predicting strong sales throughout the peak shopping period. Let's start with Halloween, with its sales of costumes, candy, cards and pumpkins. This year, the National Retail Federation predicts Halloween revenues will hit $7.4 billion, up from last year's $6.9 billion.
Decorations will drive much of that spending, up to $2 billion, the trade group says. A generation ago, Dad might carve a pumpkin into a jack-o'-lantern, and that was…
East African nation emerges from genocidal past with substantial growth, but critics question the numbers and what they say is President Paul Kagame’s authoritarian rule
By Gabriele Steinhauser Nov. 6, 2018 5:30 am ET KIGALI
Rwanda—Seen from the concrete blocks marking the graves of some 250,000 victims of the 1994 genocide, the glistening skyline in the capital of this East African nation is the most obvious sign of the grand experiment taking place here.
A quarter century after the mass slaughter of as much as 15% of its population, Rwanda has been hailed as a homegrown model of African development and its iron-fisted president, Paul Kagame, is a favorite at international business conferences such as the World Economic Forum…
Data showing shifts in coverage, drug-price trends is set to fuel more political squabbling
Updated Dec. 5, 2019 5:01 pm ET
More Americans are going without health coverage and the pace of spending on health care nationally is rising in part because of an Affordable Care Act tax on insurers, Trump administration officials said Thursday.
A federal report from actuaries at the Centers for Medicare and Medicaid Services documented trends that are likely to further fuel the battle between Republicans and Democrats over how to slow health-care spending growth that has already put the U.S. far ahead of most comparable wealthy countries.
Overall, national health-care spending rose to $3.65 trillion…
Rates Are Low Again. Where Should You Put Your Cash?
High-yield savings accounts retain some allure, and there are options for those with strong stomachs
By Lisa Beilfuss, March 27, 2019 8:57 a.m. ET
The hunt for yield is on again.
Last week, the Federal Reserve signaled it didn’t expect further interest-rate increases this year amid slowing U.S. economic growth. While that pleased stock markets, it is a setback for savers.
After enduring years of rock-bottom rates in the wake of the 2008 financial crisis, yield-seeking investors finally had something to cheer about in 2018 as a series of Fed rate increases caused short-term rates to rise. Long-term rates followed suit: The yield on the benchmark 10-year U.S…
Why Hasn't The Gig Economy Killed Traditional Work?
March 26, 20199:14 AM ET, by Greg Rosalsky
In recent months, a slew of studies has debunked predictions that we're witnessing the dawn of a new "gig economy." The U.S. Bureau of Labor Statistics (BLS) found that there was actually a decline in the categories of jobs associated with the gig economy between 2005 and 2017. Larry Katz and the late Alan Krueger then revised their influential study that had originally found gig work was exploding. Instead, they found it had only grown modestly. Other economists ended up finding the same — and now writers are declaring the gig economy is "a big nothingburger."
The Gig Revolution's True Believer
Bank Accounts Designed for Low-Income Customers Find Broader Audience
Online banking functions appeal to young people who don’t use checks and cost-conscious customers who want to avoid incurring overdraft fees
By: Yuka Hayashi
Jan. 3, 2019 11:38 a.m. ET
WASHINGTON—No-frills bank accounts developed for low-income customers are gaining popularity among a broader swath of customers.
The accounts, known as checkless bank accounts or safe-transaction accounts, include ATM access, debit cards and mobile banking for small fees and minimum deposit requirements. They don’t include paper checks or overdraft protection, two features that aren’t as popular amid a customer shift to digital banking.
This is a quiz based on the podcast "Vital Yet Vulnerable: The mental & emotional health of South Asian Migrant Workers in Singapore", by Assistant Professor Nicholas Harrigan at the Singapore Management University.
M&A activity tends to rise and fall along with the stock market, and almost every company is either involved in a deal, or affected by one, at some point. For instance, research suggests that roughly 2-3 percent of public companies are acquired in any given year. Often, a move by one competitor triggers cascading moves by its competitors hoping to sustain their competitive position. Mergers and…
YES: History Tells Us the Answer, and It Isn’t Encouraging
By Carl Benedikt Frey, Oxford Martin Citi Fellow at the Oxford Martin School, Oxford University. Dr. Frey is Oxford Martin Citi Fellow at the Oxford Martin School, Oxford University. He is the author of “The Technology Trap: Capital, Labor and Power in the Age of Automation.”
Like in past technological revolutions, the coming revolution in artificial intelligence is likely to destroy more jobs than it creates in the short run.
Throughout history, the long-term benefits of new technologies to average people have been immense and indisputable. But new technologies tend to put people out of work in the short run, and what economists regard as the…
Behind an Effort to Fact-Check Live News With Speed and Accuracy
By Laine Higgins
Nov. 23, 2018 11:00 a.m. ET
Fact-checking live news has one major downside: It’s slow. By the time a fact-checker can verify a claim, any misleading information has already spread and been consumed.
Enter Sparks Grove, the digital innovation and experience design wing of Atlanta-based consultancy North Highland. After interviewing scores of print and broadcast journalists from the U.S., U.K. and Ireland about the challenges of combating misinformation in the news, developers at Sparks Grove created Voyc, voice-scanning tool powered by artificial intelligence that can identify a questionable statement as little as two seconds after it’s uttered.
After a Strong 2018 for Retail Sales, Caution Flags Pop Up
Photo: Jake Danna Stevens/Associated Press
By Sarah Chaney and Sarah Nassauer - Adapted to fit the needs of the exercise.
Jan. 16, 2019 7:14 a.m. ET
After retail sales wrapped up 2018 strongly, U.S. consumers face headwinds to maintaining last year’s robust level of spending.
The Commerce Department, normally scheduled to publish retail-sales data Wednesday morning, won’t release the figures due to the government shutdown. Still, some private-sector analysts who track the retail sector estimate that Americans stepped up their spending in November and December, crucial months that include Thanksgiving Day, Black Friday…
This article in meant for in class discussion as well as helping students with English pronunciation. Clicking on each highlighted element in a word, will generate a pop-up window with details as to how-to pronounce the word.
The I.M.F. speaks with Amadou Sy about Fintech in the sub-Saharan area.
Mobile technology has made sub-Saharan Africa the global leader in mobile money transfer services and is helping break down some long standing development barriers, despite the lack of infrastructure and lack of connectivity.
Factors which enabled the development of mobile money services:
Privatization of the telecom companies, which enabled mass adoption of mobile phone;