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A Business Upended: Streaming disrupts the Entertainment Business!

Musings on Markets

The recent troubles in entertainment, though, reflect a longer term disruption that has occurred in the business, with the rise of streaming as an alternative to the traditional platforms for movies and television shows. Embedded in these numbers are two other trends worth noting.

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Amid Job Numbers Blowout, Gig Economy Thrives

PYMNTS

The number was eye-popping in that it beat expectations by 130,000 jobs. Beyond the BLS data, the strong January growth was presaged earlier in the week by numbers from ADP , which showed that there was a 213,000 job increase in the month for nonfarm private sector employment. News came on Friday (Feb. percent in the first quarter.

Numbers 59
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Consumer Services Push Revised Third Quarter GDP Higher

CFO News Room

Headline numbers like GDP don’t provide a complete picture. The combination of elevated rates of consumer price increases and rising interest rates is impacting consumer and business confidence and weighing on economic activity. The economic outlook remains highly uncertain. However, growth has slowed significantly, from a 2.6

Economics 130
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American Express Non-T&E Spend Recovers Into Q4

PYMNTS

In terms of headline numbers, earnings were $1.76 CEO Stephen Squeri said in remarks accompanying the release that non-travel and entertainment spending had surpassed levels seen before the pandemic for the second consecutive quarter. billion at the end of the most recent quarter, representing a conservative economic outlook.

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Proposed New York state minimum wage legislation would boost wages for nearly 2.9 million workers: Minimum wages would range by region from $20 to $21.25 per hour by 2026

CFO News Room

The proposed Raise Up New York legislation—which would index annual statewide increases to inflation and labor productivity—would help protect workers’ economic security as prices rise, and prevent inequality from widening as the economy grows. an hour and $62,400 at $15 an hour), but still short of real economic security. More than 2.9

Education 130
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Deep Dive: How Subscription Services Retain Customers By Hitting Pause

PYMNTS

The ongoing COVID-19 pandemic has had a plethora of effects in addition to its devastating impact on public health, including setting in motion an economic free fall. Even the subscription commerce industry has not been immune to these economic ramifications. How The Health Crisis Is Affecting Subscription Commerce .

Economics 103
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Financial Literacy for Parents

CFO News Room

There are a number of podcasts that regularly touch on the financial aspects of raising children, including “The SavingsAngel,” hosted by Josh Elledge. . You can also ask your local library whether they carry the bureau’s Money as You Grow Bookshelf, which has many books that teach about finances in an entertaining story format. .

Education 130