Retail Jobs Apocalypse is worse than you think

It looks as if the havoc being wreaked by the retail apocalypse is worse than we thought. This study also gives us a rough picture of the future of retail employment and it is not pretty.

There will be fewer jobs in fewer places in the future but they will pay more. That means more competition for fewer jobs between employees and communities.

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Can Big Lots Survive?

If you are looking for a good value investment in retail check out Big Lots, it is cheap but makes money. More importantly, Big Lots already has many of the attributes that other brands are trying to achieve.

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Hyperloop Insurance is here

Munich RE’s entry into the field may help HTT’s competitors like Hyperloop One and Hardt Global Mobility by making an insurance product available to them. Hyperloop One, in particular, will need a lot of coverage when it starts testing its system with people in it, probably next year.

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FedEx in the Brave, New, World of Retail

FedEx benefits because it is still Walmart’s delivery service of choice for online orders. Walmart’s push to attract new rural, middle-class and upper-class customers will benefit FedEx because those customers rarely go near Walmart stores. An example of this push was the purchase of the men’s clothing site Bonobos which sells mostly online to males that hate to shop.

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MasterCard CEO: “Non-government mandated currency is junk”

Notice Banga said government-mandated, which means he might accept a private cryptocurrency that has a government’s seal of approval. This means MasterCard might be open to working with China’s NEO or Russia’s Waves; both of which seem to have indirect government backing. Crypto users should beware because Banga might also be aware of plans for some sort of crackdown.

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Costco’s Sales Approach $130 Billion

What’s more impressive is that Costco achieved that revenue growth with one website and brick and mortar stores in a handful of countries including the U.S., Canada, Japan, and Australia. Amazon has vast diversified operations that include Amazon Web Services, a movie studio, Amazon Prime, dozens of lines of private label products, Zappos, Whole Foods, and far more.

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A Few things to keep in mind about Obamacare and Trump

There is one other obvious conclusion we can make from all this. U.S. Senator Bernie Sanders (I-Vermont); the most visible advocate of Medicare for All, has won the Obamacare debate. Trump, Pelosi, and Schumer had better used to that reality and fast if they want to retain any political influence anywhere in America.

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Why is Jamie Dimon so afraid of Bitcoin?

“God bless the blockchain,” Dimon said. “Cryptocurrencies, digital currencies, I think are also fine.”

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Wells Fargo lets Android Pay and Apple Pay customers Get Cash from ATMs

Alipay has a secret weapon in its’ American invasion, Chinese visitors to the United States 400 million of whom use Alipay back home.

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Is it Layoffs or Union Busting at Tesla?

Musk is cutting administrative fat in preparation for a sale or a merger with another automaker. At least 63 people were laid off at Tesla’s head offices in Roseville, California. If there is a buyout or merger, I would rank India’s Tata Motors (NYSE: TTM), which owns Jaguar and Land Rover as the probable candidate.

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