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If you’re a chief marketing officer (CMO), the current economic uncertainty undoubtedly creates anxiety for you, your team, and your agencies. The Mobile Marketing Association (MMA) has demonstrated the tight correlation between advertising spend and economic indicators like GDP growth by looking at historical data.
Most economic downturns hit lower-income Americans hardest, but this time is different. Wall Street Journal ) • From Math Camp to Handcuffs: FTX’s Downfall Was an Arc of Brotherhood and Betrayal : Gary Wang and Sam Bankman-Fried are offering dueling accounts of the FTX fiasco and of who’s ultimately to blame.
The company is on track to open around 120 new retail stores in 2020, 80 of those in China. During the first half, it opened 46 retail stores, 30 of those in China. While retail has been transformed during the past six months, we continue to see great opportunity for an omnichannel model,” Christiansen said.
This sentiment is echoed by AI Now, a research institute, which asserts that “AI is now firmly positioned as a critical strategic technology for the geopolitical and economic ambitions of nation-states.” These advancements have thrust AI into the heart of national security and geopolitical discussions.
There once was a time when recurring charges for a regular retail purchase were only copacetic in consumers’ eyes as a way to pay down a big-ticket item over time or the accepted retainer for high-priced fashion and design consultants. Now, however, the subscription model for retail is as normal as the one-off transaction.
More often than not, the discussions revolve around economic redistribution as some kind of zero-sum game between the haves and have-nots — the side with the most money is the side that wins. percent in 2014 from just 8.8 percent in 2009).
In an interview with Lynn Parramore of the Institute for New Economic Thinking, Nomi Prins takes up and extends the argument that she has made over a series of books, that central bankers are ever-more administering policies that are good for the markets but very bad for the real economy and real people. economy and Wall Street.
Especially when it comes to legislation, and when it comes to small and medium-sized businesses (SMBs) navigating a precarious economic landscape. You can do the math and see that dozens and dozens of smaller firms could have benefitted from the help. The burger and shake giant later returned the funds.
They are the very businesses that make America’s cities, towns and urban centers lively and vibrant and interesting — and make our communities culturally, socially and economically strong. Doing The Math. Most of the SMBs we asked aren’t new to the world. In just 21 days. . It may not be so clear-cut.
The news follows big next-day delivery announcements from both Walmart and Amazon — in a week where both retailers had a lot of news about repositioning themselves in the market and reporting some pretty major changes. retail sales. It is a complicated question — and one greatly dependent on how exactly one lays out the math.
As it turns out, there are ways you can use data to your advantage, even if you’re not a math wizard. Jim O’Shaugnessy : Momentum is really interesting because academics hate it because there is underlying economic reason why it should make sense – but it does. We are looking historically at ideas that make economic sense, right?
When it comes to objects from mythology – well, you can certainly do the math on that one. An analysis from the Foundation for Economic Education dug into that issue, finding the sword’s deeper value to be truly lacking. There is nothing about social organization that requires this to be true,” that analysis said.
JG: Paintzen is very math-based — and so we collect a number of variables and put them into our system to produce a match. JG: It’s hard to say — we paint anything from bathrooms to large retailers. KW: How do the economics around your platform work? Right now, we do 50 percent commercial and 50 percent residential.
Well, it is “an innovative new payment platform created to transform the payments industry by drastically altering the economics through Internet-based technology, generating significant consumer benefits.” They provide physical or virtual platforms (like a shopping mall) for multiple groups (like retailers and shoppers) to get together.
Now why, you might ask, would the biggest retailer in the world buy an eCommerce site that was facing a mega cash crunch in December and had to raise a whopping $550M just to keep the lights on? And there are a whole bunch of players that are making it their business to help retailers make an essential part of their POS.
I was always good at math, but I really, I just didn’t relate to things that were more esoteric bonds options. Because the idea of syndication is that you make a giant purchase and then you sell it off in smaller units to really more of a retail investor. Even retail assets are doing pretty well right now.
One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. And no one asked me if I can do math anymore with a degree from Booth, particularly in econometrics and statistics. So people really ask you, you take French and can you do math. Are, are the clients primarily retail?
And Tom has helped with the introduction of GMO’s first retail product, the quality ETF stock symbol Q-L-T-Y-G-M-O has been institutional since they launched in 1977. This is the first time they’re putting out a product for retail. GMO has released last quarter their first retail product an ETFI love the symbol QLTY.
And so, coming out of school, I studied Economics and Spanish Literature, and I applied to a — a program that actually targeted Liberal Arts majors. And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk.
We observe the same pattern in shopping for retail products, with a year-over-year increase of 86 percent in the number of consumers shopping for retail products during the week. Home Is Where the Economic Production Is. In 1934, economist Margaret Reid published a book titled “ Economics of Household Production.”
He didn’t think much of math and science — rather unusual given his choice of a profession that uses complicated math formulas to communicate. His economic principles were what inspired President Lyndon B. For instance, economics, he once said , is a useful form of employment for economists.
One of the casualties of the ongoing retail death spiral seems almost certain to be the retail workforce. Brick-and-mortar retail jobs may be declining, but that doesn’t mean jobs are disappearing. In fact, he notes, he believes eCommerce will have an opposite effect and create more retail jobs at better wages.
We’re in the business of sitting in between asset owners, financial advisors, institutions, retail and asset managers, right, the BlackRock, State Street, PIMCO’s of the world, and helping them understand each other. There’s definitely demand from retail and there’s plenty of supply in the asset management business side.
In doing so, I thought this conversation was really quite fascinating, and I think you will also, especially if you’re not only interested in equity, but curious as to how to combine various aspects of market functions, valuation, economic cycle, fed actions into one coherent strategy. But generally starts with the economic cycle.
By ’08 and ’09, look, there were bankruptcies everywhere in every industry from retail to telecom. since the ‘80s regarding economic mobility, that there used to be a huge ability to move up, or at least be in a better situation than your parents were. Tell us about how you saw this lack of diversity and the lack of economic mobility.
I had an economics lesson, I had a life lesson, I had an epiphany, I had a race relations lesson, I had a self-esteem and confidence lesson. Being broke is economic, but being poor is a disabling frame of mind, a depressed condition of your spirit. It’s home economics class, doesn’t exist anymore. RITHOLTZ: Right.
00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. And so it actually turns out that away from the retail space, passive is even larger in the institutional space.
Few people are in a position to see what’s going on in the world of investing, whether it’s institutional or retail, better than Vanguard CIO. So a variety of risk meetings, a variety of economic meetings. And Greg Davis just does an amazing job. I thought this was a really fascinating conversation. I think you will also.
As Robbins pointed out, most chains have forged a reasonable and sustainable economic relationship with the marketplaces. But Robbins predicts that by summer, the math is going to look a lot different in terms of the importance of that digital pipeline. Hence, DoorDash is their best option to access the digital consumer.
STEVEN KLINSKY, FOUNDER, CEO AND MANAGING DIRECTOR, NEW MOUNTAIN CAPITAL: I come from the Detroit area of Michigan as a public school kid, went to University of Michigan and studied both economics and philosophy. RITHOLTZ: So it’s different math then I need 100x winner versus 99? KLINSKY: Well, thank you. KLINSKY: Yeah.
But unfortunately, just as the product came to market, the whole Atari game market blew up, and retailers didn’t want any new products. The math never seems to work out. And so I thought this was a great way to kind of enter that world that I’ve been reading about and wanting to get into. Is that way fair way to start?
And I was a math nerd as a kid. If you’ve got a undifferentiated, crappy retailer and you’re saying it’s going to have $5 of free cash flow in five years, and you’ve got Visa, MasterCard, most of the magnificent seven, and you say that’s $5, they’re not the same. You have so much more certainty.
RIEDER: And all of a sudden, you change the economic paradigm so darn fast. You know, part of why I read inventory numbers at retailers, you know, you talked about semis earlier, I think you have to think about the whole construct of what’s driving topline revenue for companies. RIEDER: Yeah. RITHOLTZ: Right. RIEDER: Huge.
So in this, in this context of, of a mortgage now being clear to everyone that this default risk is present, it’s real, and it’s hard to price because following the borrower’s economic profile, there, there are defaults that are related to just life events, but there’s also defaults related to a macroeconomic event.
I don’t, I don’t know what else to say other than there are a few people in the world that understand running a fixed income portfolio on behalf of institutional or retail clients, a as well as Matt Egan does. I started out math and, and physics, and in high school I was a rock star in math and physics. Matt Eagan.
RITHOLTZ: So wait, you’re, I’m trying to do the math, if you were 24 in ‘08, so you got this watch in 2000, 99? I was heading up retail for Tag Heuer for North America, so I was sort of traveling around from market to market, store to store. He gave me his Omega Speedmaster, which is a really nice watch. Here’s why.”
Dear Retailer: As tradition has it, the outgoing president of the United States, Barack Obama, will leave a note for the incoming president, Donald Trump, in the drawer of the president’s desk in the Oval Office. The parallels to physical retail, you have to admit, are pretty similar. RETAIL’S BIG SHOW. THE CENSUS DATA BOO-BOO.
The economic dislocation, the health risks, just the mayhem that took place, but from the perspective of a number of corporate CEOs, Bill Ackman of Pershing Square Capital, the hedge fund that had a couple of amazing trades based on this. HOFFMAN: So obviously, I’ve — you know, economically minded from the jump.
The transcript from this week’s, MiB: Ed Hyman on Using Economic Data Opportunistically , is below. So you have all of this very pragmatic experience as opposed to getting a PhD in economics, which tends to be a little more abstract and academic. I’d been ranked i i back in the seventies, if you can do the math.
And I, and I really like the application of math and statistics and computer science to markets. You learn the math that can help you with, with market making operations. There’s very few, I would argue probably no consistent predictors of, of any sort of economic or market cyclicality. And I just caught the bug.
We looked at everything from retail to nursing homes to hospitals to insurance companies to manufacturers. It’s only later, or at least in the book you described it that way, it’s only later that it’s household brands and retailers and names we know. It’s really attracting a lot of retail dollars.
They sent a video from a woman, Wendy Bell, who is incensed at America’s apparent economic collapse. Old & Tired : For the most part, the list is filled with mediocre chains and junk food joints, commonly found in malls and shopping centers, which all have their own retail issues. That was news to me. 2 Reddit also stepped up.
The transcript from this week’s, MiB: Gary Cohn, Director of the National Economic Council, President of Goldman Sachs , is below. You’re doing a lot of math in your head on the Fly. I’m doing, I’m doing an awful lot of math in my head on the fly. Your chief economic advisor to the president.
Unfortunately, it didn’t do much to change how those SMBs felt about their chances of surviving the economic impact of the pandemic. The focus of our research is on Main Street SMBs , the mix of establishments that define the social, cultural and economic character of our country’s cities and towns. Main Street SMB Economics 101.
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