Business

Viktor Shvets: “The Private Sector Will Never Recover”

More than 30 oil drilling rigs are idle in a Helmerich & Payne, Inc. yard along Groening Street in Odessa, Texas, on May 18, 2015, as rig counts drop in the Permian Basin. The drilling boom, driven by high oil prices and new discoveries, brought tens of thousands of workers to oil fields in several states to run drilling rigs and supply the equipment and services needed to produce crude. Then the price of oil tanked, plummeting by half in late 2014 and reaching levels in 2015 not seen since the financial crisis. Oil companies abandoned drilling projects and began laying off workers. (Courtney Sacco/Odessa American via AP)
More than 30 oil drilling rigs lay idle in a Helmerich & Payne, Inc. yard in Odessa, Texas, on May 18, 2015. Macquarie Strategist Viktor Shvets thinks technology, too much debt, and adverse government policy are responsible for a bleak future. (Courtney Sacco/Odessa American via AP)

Do you feel something is wrong with the United States and the global economy? Despite a respectable recovery and low unemployment, many people aren’t happy...

Markets

The Marketing Corner: Significance of Multicultural Audiences

  In a world where cost cutting measures are the mainstay, many marketers are questioning the need for separate marketing and messaging strategies for multicultural audiences. If you read the trades lately, many large businesses have walked away from separate …... Read More


  • Crowds line up outside a Kanye West temporary PABLO store at Clackamas Town Center in Happy Valley, Ore., on Aug. 19, 2016. (Jackie Butler/Getty Images for Bravado)

    Kanye West’s Weekend Pop-Up Store in Boston Draws Big Crowds

    BOSTON—Kanye West’s pop-up clothing store has opened in downtown Boston. The “Pablo” store is one of 21 that opened worldwide for three days only. Visitors... Read more

  • A Delta Air Lines jet takes off from Ronald Reagan Washington National Airport in Arlington, Va., on July 28, 2014. (AP Photo/Manuel Balce Ceneta)

    Most Limits on US-Mexico Flights Are About to Be Lifted

    DALLAS—Most restrictions on flights between the U.S. and Mexico will lift on Sunday, a change expected to bring more options and possibly lower prices for... Read more

  • Hakan Samuelsson, CEO of Volvo Car Group, presents the XC90 SUV at the Shanghai auto show on April 20, 2015. (AP Photo/Ng Han Guan)

    Uber Shifts Gears in Self-Driving Car Race

    San Francisco-based ride-hailing company Uber Technologies and the Swedish carmaker Volvo Cars announced a $300 million partnership agreement to develop self-driving cars. The deal announced... Read more

  • British newspapers The Times and The Sunday Times have charged readers to access the titles online since March 2010. Paywalls have failed to help rescue newspapers from the crisis of sinking print circulation, according to a new study. (BEN STANSALL/AFP/Getty Images)

    Newspapers Rethink Paywalls as Digital Efforts Splutter

    Paywalls were supposed to help rescue newspapers from the crisis of sinking print circulation as readers shifted to getting their news online. But with a... Read more

  • Britain's annual inflation rate edged higher in July 2016, official data showed, and is set to climb further as a weak pound caused by the Brexit vote raises import prices. The main contributors to the increase in the rate were rising prices for motor fuels, alcoholic beverages and accommodation services, the ONS said in a statement. (JUSTIN TALLIS/AFP/Getty Images)

    British Inflation Climbs to 0.6% After Brexit Vote

    Britain’s annual inflation rate edged higher last month, official data has shown, and is set to climb further as a weak pound caused by the... Read more

  • Lead_OlympicsUSTeam_NYEET20160805A1_1080x712px

    The Clinton and Trump Economic Plans: Growing the State or the Private Sector

    With poll after poll saying the economy is the most important issue in the presidential election, the candidate who connects with voters on this subject... Read more

  • (Lucasfilm ltd)

    The Artificial Intelligence Gold Rush

    Artificial intelligence (AI) has been around for a long time, and people are still waiting for the first C-3PO (a character from “Star Wars”) to... Read more

  • FILE - In this Friday, March 18, 2016, file photo, Gawker founder Nick Denton walks out of the courthouse in St. Petersburg, Fla. Gawker.com is going to shut down as its parent company is sold to Univision, a reporter for the 14-year-old site said Thursday, Aug. 18, 2016. A Gawker report said that Denton told staffers that Gawker.com was ending on Thursday afternoon. (Eve Edelheit/The Tampa Bay Times via AP, File)

    Gawker.com Dies Next Week, Killed by an Unhappy Subject

    NEW YORK—Gawker.com, the brash New York website that broke new ground with its gossipy, no-holds-barred coverage of media, culture and politics, is shutting down after... Read more

  • FILE - In this Friday, June 5, 2015, file photo, Wal-Mart CEO Doug McMillon speaks at the company's shareholder meeting in Fayetteville, Ark. Wal-Mart reports financial results Thursday, Aug. 18, 2016. (AP Photo/Danny Johnston, File)

    Wal-Mart Raises Annual Profit; Tops Street 2Q Forecasts

    NEW YORK—Wal-Mart’s vast fleet of stores and its online business are starting to click together. The company raised its earnings outlook for the year on... Read more

  • Nestle chocolate products for sale at a Kroger supermarket in Georgia on May 27, 2003. (Justin Sullivan/Getty Images)

    Nestle Sales Grow in North America, Slow in China

    GENEVA —Swiss food and beverage giant Nestle says first-half profit dipped due to a one-time tax expense even as revenues edged up behind growth in... Read more

  • Retailers need to improve customers’ shopping experience in an era where Amazon’s first-mover advantage in online sales is so strong. (AP Photo/Nam Y. Huh, File)

    Onus on Retailers for Omni-Channel Customer Relationships, Delivering Unique Experiences

    NEWS ANALYSIS In the era of Amazon’s dominance after a generation of Wal-Mart’s destruction of department and discount stores, retailers have to connect with their... Read more

  • Cisco Systems announced plans to lay off up to 5,500 workers beginning in the first quarter of 2017. (Justin Sullivan/Getty Images)

    Cisco Laying Off 5,500 Employees Amid Tech Upheaval

    SAN FRANCISCO—Cisco Systems is laying off 5,500 employees as the Internet gear maker scrambles to adapt to a technology upheaval that has triggered similar cutbacks... Read more

  • Traders work on the floor of the New York Stock Exchange (NYSE) on March 11, 2016 in New York City. (Spencer Platt/Getty Images)

    What Is Going On With US Stocks?

    After the dust settles and the data comes in, it’s always easier to explain why markets do what they do. One year ago, U.S. markets... Read more

  • Workers distribute packs at S.F. Express in Shenzhen, China, on Nov. 11, 2013. Private companies in China have stopped to invest in further expansion in 2016. (ChinaFotoPress/ChinaFotoPress via Getty Images)

    Why Have Private Chinese Companies Stopped Investing Altogether?

    Previously the engine of relatively efficient growth, it looks like the private sector has given up in China. Investment by private companies went negative in... Read more

  • FILE - In this Thursday, March 26, 2015, file photo, Ford President and CEO Mark Fields speaks during the inauguration of Ford's manufacturing facility and engine plant at Sanand, near Ahmadabad, India. Fields said Tuesday, Aug. 16, 2016, that Ford Motor Co. will have a fully autonomous vehicle ready to provide ride-hailing or ride-sharing services by 2021. (AP Photo/Ajit Solanki, File)

    Ford Says It Will Have a Fully Autonomous Car by 2021

    DETROIT—Ford Motor Co. intends to have a fully driverless vehicle—no steering wheel, no pedals—on the road within five years. The car will initially be used... Read more

  • Indian laborers plant rice paddy saplings at a field in Vaiyavur village near Chennai on April 20, 2016. Waste from the milling of white rice is the latest superfood to hit the U.S. market. (ARUN SANKAR/AFP/Getty Images)

    How One Company Used an Enzyme to Turn Food Waste Into a Superfood

    For nearly a century, bran as a food ingredient has been the solely within the purview of boring, high-fiber breakfast cereals like whole wheat bran... Read more

  • Crowds line up outside a Kanye West temporary PABLO store at Clackamas Town Center in Happy Valley, Ore., on Aug. 19, 2016. (Jackie Butler/Getty Images for Bravado)

    Kanye West’s Weekend Pop-Up Store in Boston Draws Big Crowds

    BOSTON—Kanye West’s pop-up clothing store has opened in downtown Boston. The “Pablo” store is one of 21 that opened worldwide for three days only. Visitors... Read more

  • Hakan Samuelsson, CEO of Volvo Car Group, presents the XC90 SUV at the Shanghai auto show on April 20, 2015. (AP Photo/Ng Han Guan)

    Uber Shifts Gears in Self-Driving Car Race

    San Francisco-based ride-hailing company Uber Technologies and the Swedish carmaker Volvo Cars announced a $300 million partnership agreement to develop self-driving cars. The deal announced... Read more

  • British newspapers The Times and The Sunday Times have charged readers to access the titles online since March 2010. Paywalls have failed to help rescue newspapers from the crisis of sinking print circulation, according to a new study. (BEN STANSALL/AFP/Getty Images)

    Newspapers Rethink Paywalls as Digital Efforts Splutter

    Paywalls were supposed to help rescue newspapers from the crisis of sinking print circulation as readers shifted to getting their news online. But with a... Read more

  • (Lucasfilm ltd)

    The Artificial Intelligence Gold Rush

    Artificial intelligence (AI) has been around for a long time, and people are still waiting for the first C-3PO (a character from “Star Wars”) to... Read more

  • FILE - In this Friday, March 18, 2016, file photo, Gawker founder Nick Denton walks out of the courthouse in St. Petersburg, Fla. Gawker.com is going to shut down as its parent company is sold to Univision, a reporter for the 14-year-old site said Thursday, Aug. 18, 2016. A Gawker report said that Denton told staffers that Gawker.com was ending on Thursday afternoon. (Eve Edelheit/The Tampa Bay Times via AP, File)

    Gawker.com Dies Next Week, Killed by an Unhappy Subject

    NEW YORK—Gawker.com, the brash New York website that broke new ground with its gossipy, no-holds-barred coverage of media, culture and politics, is shutting down after... Read more

  • FILE - In this Friday, June 5, 2015, file photo, Wal-Mart CEO Doug McMillon speaks at the company's shareholder meeting in Fayetteville, Ark. Wal-Mart reports financial results Thursday, Aug. 18, 2016. (AP Photo/Danny Johnston, File)

    Wal-Mart Raises Annual Profit; Tops Street 2Q Forecasts

    NEW YORK—Wal-Mart’s vast fleet of stores and its online business are starting to click together. The company raised its earnings outlook for the year on... Read more

  • Nestle chocolate products for sale at a Kroger supermarket in Georgia on May 27, 2003. (Justin Sullivan/Getty Images)

    Nestle Sales Grow in North America, Slow in China

    GENEVA —Swiss food and beverage giant Nestle says first-half profit dipped due to a one-time tax expense even as revenues edged up behind growth in... Read more

  • Retailers need to improve customers’ shopping experience in an era where Amazon’s first-mover advantage in online sales is so strong. (AP Photo/Nam Y. Huh, File)

    Onus on Retailers for Omni-Channel Customer Relationships, Delivering Unique Experiences

    NEWS ANALYSIS In the era of Amazon’s dominance after a generation of Wal-Mart’s destruction of department and discount stores, retailers have to connect with their... Read more

  • Cisco Systems announced plans to lay off up to 5,500 workers beginning in the first quarter of 2017. (Justin Sullivan/Getty Images)

    Cisco Laying Off 5,500 Employees Amid Tech Upheaval

    SAN FRANCISCO—Cisco Systems is laying off 5,500 employees as the Internet gear maker scrambles to adapt to a technology upheaval that has triggered similar cutbacks... Read more

  • Workers distribute packs at S.F. Express in Shenzhen, China, on Nov. 11, 2013. Private companies in China have stopped to invest in further expansion in 2016. (ChinaFotoPress/ChinaFotoPress via Getty Images)

    Why Have Private Chinese Companies Stopped Investing Altogether?

    Previously the engine of relatively efficient growth, it looks like the private sector has given up in China. Investment by private companies went negative in... Read more

  • FILE - In this Thursday, March 26, 2015, file photo, Ford President and CEO Mark Fields speaks during the inauguration of Ford's manufacturing facility and engine plant at Sanand, near Ahmadabad, India. Fields said Tuesday, Aug. 16, 2016, that Ford Motor Co. will have a fully autonomous vehicle ready to provide ride-hailing or ride-sharing services by 2021. (AP Photo/Ajit Solanki, File)

    Ford Says It Will Have a Fully Autonomous Car by 2021

    DETROIT—Ford Motor Co. intends to have a fully driverless vehicle—no steering wheel, no pedals—on the road within five years. The car will initially be used... Read more

  • Indian laborers plant rice paddy saplings at a field in Vaiyavur village near Chennai on April 20, 2016. Waste from the milling of white rice is the latest superfood to hit the U.S. market. (ARUN SANKAR/AFP/Getty Images)

    How One Company Used an Enzyme to Turn Food Waste Into a Superfood

    For nearly a century, bran as a food ingredient has been the solely within the purview of boring, high-fiber breakfast cereals like whole wheat bran... Read more

  • FILE - In this July 2, 2014 file photo, smoke billows out of a chimney stack of BHP steelwork factories at Port Kembla, south of Sydney, Australia. The world's biggest miner, BHP Billiton, on Tuesday, Aug. 16, 2016, reported a $6.4 billion loss, the worst full-year result in the Anglo-Australian company's history. BHP said the result for the fiscal year ending June 30 came from a 31 percent fall in revenue to $30.1 billion amid weak commodity prices, write downs of U.S. oil and gas assets and a disaster at a Brazilian mining joint venture. (AP Photo/Rob Griffith, File)

    Miner BHP Billiton Suffers $6.4 Billion Loss for 2015-16

    CANBERRA, Australia—The world’s biggest miner, BHP Billiton, on Tuesday reported a $6.4 billion loss — the Anglo-Australian company’s worst ever full-year result — resulting from... Read more

  • Chairman and CEO of BankMobile Jay Sidhu (R) and Chief strategy and marketing officer of BankMobile Luvleen Sidhu in Manhattan, New York, on July 11, 2016. (Samira Bouaou/Epoch Times)

    Father and Daughter Seek to Revolutionize Banking Industry

    NEW YORK—Fintech (financial technology) startups are disrupting traditional consumer banking by offering alternative, cheaper, and more convenient financial services. And millennials are driving the fintech... Read more

  • A logo of Swiss pharmaceutical company Novartis is seen at the Novartis Korea office in Seoul, South Korea, on Aug. 13, 2016. (AP Photo/Ahn Young-joon)

    Novartis Korea Executives Charged With Bribing Doctors

    SEOUL, South Korea—Prosecutors have indicted a former chief executive of the South Korean unit of Novartis and five other former and current company managers over... Read more

  • Photo taken on February 20, 2008 in the French harbor of Le Havre, western France, shows A. P. Moller-Maersk Group Eugen Maersk ship, the world?s largest 397 m long container vessel. AFP PHOTO ROBERT FRANCOIS (Photo credit should read ROBERT FRANCOIS/AFP/Getty Images)

    Low Oil Prices, Freight Rates Hit Maersk Group’s Profits

    COPENHAGEN, Denmark—Denmark’s shipping and oil group A.P. Moller-Maersk says its profit dropped 89 percent in the second quarter, negatively impacted by significantly lower container freight... Read more

  • Arianna Huffington announced on Aug. 11 that she is stepping down as editor-in-chief of The Huffington Post. (Brian Ach/Getty Images for L'Oreal Paris)

    Arianna Huffington Announces She Is Leaving Huffington Post

    Arianna Huffington announced on Aug. 11 that she will no longer serve as editor-in-chief of her eponymous online news website instead she will be focusing... Read more

  • A man walks past Pfizer World Headquarters, Monday, Nov. 23, 2015 in New York. The new tax regulations blocked Pfizer from completing its proposed $160 billion merger deal with Ireland-based Allergan.  (AP Photo/Mark Lennihan)

    Business Groups Sue US Over Tax Inversion

    The U.S. government’s crackdown on tax inversion transactions is coming under fire from the business world. Two large business groups recently sued the Treasury Department... Read more

  • ITT Technical Institute Canton, Michigan. (Dwight Burdette/CC BY)

    College Chain Faces Mounting Troubles

    ITT Technical Institute, a for-profit college with campuses across the United States, is accused of misleading its students with a deceptive student loan program and... Read more

  • Delta Air Lines passengers stand in line after flights resumed Monday, Aug. 8, 2016, in Salt Lake City, following a computer outage. Delta Air Lines delayed or canceled hundreds of flights Monday after its computer systems crashed, stranding thousands of people on a busy travel day. (AP Photo/Rick Bowmer)

    After Outage, Delta Seeks Forgiveness With Refunds, Vouchers

    DALLAS—Delta Air Lines will be handing out refunds and travel vouchers as penance for the latest computer outage to knock a major airline off stride... Read more

  • A Delta Air Lines jet takes off from Ronald Reagan Washington National Airport in Arlington, Va., on July 28, 2014. (AP Photo/Manuel Balce Ceneta)

    Most Limits on US-Mexico Flights Are About to Be Lifted

    DALLAS—Most restrictions on flights between the U.S. and Mexico will lift on Sunday, a change expected to bring more options and possibly lower prices for... Read more

  • Britain's annual inflation rate edged higher in July 2016, official data showed, and is set to climb further as a weak pound caused by the Brexit vote raises import prices. The main contributors to the increase in the rate were rising prices for motor fuels, alcoholic beverages and accommodation services, the ONS said in a statement. (JUSTIN TALLIS/AFP/Getty Images)

    British Inflation Climbs to 0.6% After Brexit Vote

    Britain’s annual inflation rate edged higher last month, official data has shown, and is set to climb further as a weak pound caused by the... Read more

  • Lead_OlympicsUSTeam_NYEET20160805A1_1080x712px

    The Clinton and Trump Economic Plans: Growing the State or the Private Sector

    With poll after poll saying the economy is the most important issue in the presidential election, the candidate who connects with voters on this subject... Read more

  • Vice Premier Li Keqiang of China (R) meets International Monetary Fund (IMF), Managing Director Christine Lagarde (L) inside the Great Hall of the People in Beijing on March 23, 2015 in Beijing, China. (Lintao Zhang/Getty Images)

    What China’s SDR Bond Issue Really Means

    They promised, they delivered. The World Bank will issue a $2.8 billion SDR bond, or Special Drawing Rights bond, in China in August. Separately, the... Read more

  • A sold sign outside a home in Vancouver on June 28, 2016. After the introduction of a tax on foreign buyers, the next issue to resolve is the lack of housing supply. (The Canadian Press/Jonathan Hayward)

    Fixing Vancouver’s Housing Supply Problem

    Vancouver’s scorching housing market badly needs more supply. Analysts say excessive red tape and wasteful zoning are preventing supply from meeting ferocious demand. It’s another... Read more

  • Carolyn Clark demonstrates her culinary skills outside the Paramount Theatre in Middletown on Aug. 7, 2016. (Yvonne Marcotte/Epoch Times)

    Art as Sport: The Hudson Valley CreativesMX Marathon

    MIDDLETOWN—CreativesMX sponsored its first marathon of creative activity from Aug. 3 through 7 in cities throughout the Hudson Valley. The four-day signature event finished at... Read more

  • A Chinese steel worker walks past steel rods at a plant on April 6, 2016 in Tangshan, Hebei province, China. (Kevin Frayer/Getty Images)

    Is China’s Corporate Debt Bubble Finally Popping?

    One year after the mini-devaluation of the Chinese currency, China is getting desperate about its corporate debt situation and has given directions to make loans... Read more

  • A taxi drives past the front of the Bank of England in London's financial district on Jan. 25, 2012. (Oli Scarff/Getty Images)

    How the Bank of England Rate Cut Will Hit Your Personal Finances

    The Bank of England has cut interest rates by 0.25 percentage points to a historic low of 0.25 percent. The move was expected and comes... Read more

  • Reina Borges, left, stands in line to apply for a job with Aldi at a job fair in Miami Lakes, Fla on July 19, 2016. (AP Photo/Lynne Sladky)

    US Adds a Robust 255K Jobs; Unemployment Stays 4.9 Pct.

    WASHINGTON—U.S. employers added a healthy 255,000 jobs in July, a sign of confidence amid sluggish economic growth that points to a resilient economy. At the... Read more

  • (Tsokur/iStock)

    Bitcoin Users Largely Shrug Off Latest $69M Bitcoin Exchange Heist

    Hong Kong Bitcoin exchange Bitfinex announced that it had been hacked and 119,756 Bitcoins stolen which at current prices represents nearly US $69 million. Bitcoin... Read more

  • People work at an offshore oil engineering platform in Qingdao, Shandong province, July 1, 2016. Because of too much debt, a Chinese engineering company has recently transformed itself into a bank.  
(STR/AFP/Getty Images)

    Only in China: Companies Become Banks to Solve Financial Difficulties

    China is desperate to solve several problems it has due to its debt to GDP ratio being north of 300 percent. It may have found a... Read more

  • International Monetary Fund Managing Director Christine Lagarde speaks at the 40th anniversary of the IMFC meeting at the IMF Headquarters in Washington, April 20, 2013. (Stephen Jaffe/IMF via Getty Images)

    China Moves Forward With SDR Issuance in August

    When Bloomberg reported late last year that China founded a working group to explore the use of the supranational Special Drawing Rights (SDR) currency, nobody took... Read more

  • A tablet and a smartphone connected on news websites and world newspapers, in Paris, France, on Sept. 12, 2013. (Lionel Bonaventure/AFP/Getty Images)

    The Story of the Nosebleed Decline of the Newspaper Industry Told in Pictures

    The impact of the internet on the newspaper industry has been starkly highlighted by a graph released by the U.S. Bureau of Labor Statistics. It... Read more

  • Traders work on the floor of the New York Stock Exchange on July 12, 2016 in New York City. (Drew Angerer/Getty Images)

    Back to Square One: Why the Financial System Needs to Reset

    If you don’t know about finance and you want to learn, where do you start? Start with the money, says Paul Brodsky of Macro Allocation... Read more

  • In this Thursday, May 19, 2016, photo, passers-by walk near the construction site a high-rise building in Boston. On Friday, July 29, 2016, the Commerce Department issues the first estimate of how the U.S. economy performed in the April-June quarter. (AP Photo/Steven Senne)

    US GDP Grows Very Weak 1.2 Percent in Second Quarter

    WASHINGTON  — Growth in the U.S. economy was sluggish again in the spring, dashing expectations for a robust rebound after a tough winter. Stronger consumer... Read more

  • U.S. Federal Reserve chair Janet Yellen testifies before the Senate Banking, Housing, and Urban Affairs Committee on June 21, 2016 in Washington, D.C. (Win McNamee/Getty Images)

    The Fed’s Inflation Problem

    Brexit has played out, financial markets are in good shape, the U.S. economy is strengthening, but inflation still lags. A pick-up in inflation is the... Read more

  • The Marriner S. Eccles Federal Reserve Board Building in Washington on July 14, 2016. (Benjamin Chasteen/Epoch Times)

    Fed Proves It’s Market Dependent

    The Federal Reserve (Fed) did not raise interest rates at a meeting on July 27, despite solid economic data.  “The labor market strengthened and …... Read more

  • Bank of Japan (BOJ) Governor Haruhiko Kuroda speaks during a press conference at the BOJ headquarters in Tokyo on July 29, 2016. (Kazuhiro Nogi/AFP/Getty Images)

    Japan’s Helicopter Money

    The Bank of Japan (BOJ) is expected to conduct its monetary policy meeting between July 28–29, 2016. On May 31, 2016, Japan reported a consumer... Read more

  • A man reads a newspaper report that China's central bank announced it will devalue China's tightly controlled currency on Aug. 11, 2015 following a slump in trade, triggering the yuan's biggest one-day decline in a decade. (AP Photo/Andy Wong)

    Global Banks Are Staging a Bank Run in China

    The more debt the merrier, the saying goes, at least until the party stops and the hangover starts. This is true for the debt situation... Read more

  • International Monetary Fund Managing Director Christine Lagarde speaks at the 40th anniversary of the IMFC meeting at the IMF Headquarters in Washington, April 20, 2013. (Stephen Jaffe/IMF via Getty Images)

    IMF and China Accelerate Creation of New Global Reserve Currency

    To most people, SDR sounds like the name of an odd disease. And yet, it could be the world’s next reserve currency, at least if China... Read more

  • Traders work on the floor of the New York Stock Exchange (NYSE) on March 11, 2016 in New York City. (Spencer Platt/Getty Images)

    What Is Going On With US Stocks?

    After the dust settles and the data comes in, it’s always easier to explain why markets do what they do. One year ago, U.S. markets... Read more

  • Mobile advertising is a prime channel for businesses to reach Millenials who are increasingly purchasing products while on-the-go. (Photo by Carl Court/Getty Images)

    The Marketing Corner: Follow the Consumer

    There are many schools of thought on how to execute successful campaigns. However, there is a truism that is surfacing: one must follow the customer... Read more

  • FILE - This Sept. 9, 2015, file photo shows the new Apple TV during a product display following an Apple event in San Francisco. (AP Photo/Eric Risberg, File)

    The Marketing Corner: Advent of the Cord Cutters

    For the record, television is still king! Television still has the highest share of media consumption among U.S. Adults. However, where this viewing is taking... Read more

  • Cows eat hay at the Faria Dairy Farm in Escalon, Calif., in this file photo. (Justin Sullivan/Getty Images)

    Understanding the Whole Cost of Cheap Milk

    It’s a ‘get big or get out’ economy for dairy farmers in America. It is a trend that gives pause as to what our landscapes are... Read more

  • A row of new Ford Fusions on sale at the lot at Butler County Ford in Butler, Pa. on Nov. 19, 2015.  (AP Photo/Keith Srakocic, File)

    July US Auto Sales Could Fall on Weaker Demand

    DETROIT—U.S. auto sales were expected to drop slightly in July as unusually hot weather—and softening demand—kept buyers at home. Kelley Blue Book predicted a 1... Read more

  • (AP Photo/Mark Lennihan)

    The Marketing Corner: Consumers’ Point of Contact

    Smartphones have opened up a new world for consumers. There is so much information and actions that are performed right at our fingertips. In a... Read more

  • Traders work on the floor of the New York Stock Exchange on July 12, 2016 in New York City. (Drew Angerer/Getty Images)

    Record Highs for US Stocks Not at All Irrational

    July 20 marked the seventh all-time closing high for the S&P 500 this month. The Dow’s nine-day winning streak is its longest in more than... Read more

  • FILE - This Oct. 4, 2014, file photo, shows the facade of the New York Stock Exchange. Stock indexes crept higher in morning trading Wednesday, July 20, 2016, after companies reported profits that were stronger than expected, if not strong. Technology stocks led the way following an encouraging report from Microsoft, which helped offset weakness in the energy and raw-materials sectors. (AP Photo/Richard Drew, File)

    A technology surge tips stock indexes to new highs

      NEW YORK—Stocks took another modest step further into record territory Wednesday after several companies reported profits that were stronger than expected, if not strong... Read more

  • The New York Stock Exchange on Aug. 24, 2015. (AP Photo/Seth Wenig)

    US Stock Indexes Pull Back After a Strong 3-week Run

    NEW YORK—Stocks are mostly lower in early trading on Wall Street Tuesday as a three-week rally that brought indexes to all-time highs loses momentum. Netflix... Read more

  • Donald Trump speaks before introducing his vice presidential running mate Mike Pence on July 16, 2016 in New York City. A Trump presidency could be a significant macro risk factor. (Drew Angerer/Getty Images)

    You’re Fired! Investment Implications of a Trump Win

    What do Brexit and the U.S. elections have in common? Primarily, they pit angry populists against the political establishment. It should be very clear by... Read more

  • FILE - In this Sept. 17, 2008 file photo, a Wall Street sign is shown in New York.  Stocks are rising modestly in early morning trading Friday, July 15, 2016 as the market extends a winning streak into a sixth day.   (AP Photo/Mark Lennihan)

    Stocks End Little Changed After Mixed Day

    NEW YORK—Stocks ended more or less where they started on Friday as a five-day rally ran out of steam. The market was down most of... Read more

  • A man looks at an electronic stock board of a securities firm in Tokyo, Friday, July 15, 2016. Asian shares were higher Friday after China reported steady economic growth in the second quarter of the year. Stocks also tracked a bullish session overnight on Wall Street, as strong earnings reports pushed the Dow Jones industrial average and S&P to fresh record highs. (AP Photo/Koji Sasahara)

    European Shares Drift Lower After Another Attack on France

    LONDON—European stock markets drifted lower Friday after another deadly attack in France that killed at least 84 people in the Mediterranean city of Nice. KEEPING... Read more

  • Trader John Panin, right, works on the floor of the New York Stock Exchange, Wednesday, July 13, 2016. Stocks are little changed in early trading after setting records the last few days. (AP Photo/Richard Drew)

    European Markets, US Futures Rise Ahead of BoE Meeting

    MANILA, Philippines—European markets and U.S. futures made early gains after a mixed performance in Asia following calming words from Britain’s new Treasury chief and ahead... Read more

  • A man wipes off the sweat in front of an electronic stock indicator of a securities firm in Tokyo, Thursday, July 7, 2016. Most Asian stock benchmarks rose Thursday after an upbeat U.S. economic report helped ease persistent investor concerns over Brexit-related global turmoil. (AP Photo/Shizuo Kambayashi)

    US Helps Give European Markets a Lift Despite Brexit Fears

    LONDON—European stock markets rallied Thursday after some solid U.S. economic data and growing expectations that the Federal Reserve may hold off from raising interest rates... Read more

  • A currency trader rubs his eyes at the foreign exchange dealing room in Seoul, South Korea, Friday, June 24, 2016.  (AP Photo/Lee Jin-man)

    Brexit Aftershock: UK Real Estate, Pound and Bond Yields Continue to Fall

    Volatility continued on July 6 in the wake of the U.K.’s Brexit vote. The pound touched $1.28, a level not seen since 1985. Yields on top tier... Read more

  • A man waves both a Union flag and a European flag outside The Houses of Parliament at an anti-Brexit protest in central London on June 28. (JUSTIN TALLIS/AFP/Getty Images)

    Pound and US Treasury Yields Hit Record Low Over Brexit Fears

    Financial turmoil intensified on July 5 in the wake of the U.K.’s Brexit vote. The pound fell to a record low and yields on top... Read more

  • A man walks by an electronic stock board of a securities firm in Tokyo, Monday, July 4, 2016. Asian stocks rose Monday following Wall Street's gains as expectations increased that central banks might ease monetary policy following Britain's vote to leave the European Union. (AP Photo/Koji Sasahara)

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  • Hogs are seen on a pig farm in Iowa in a file photo from 2009. U.S. pig exports to China have increased this year on pig shortages in China. (Photo by Scott Olson/Getty Images)

    China Pork Shortage a Boon for U.S. Producers

    An ongoing pork shortage in China has buoyed global pork prices, sharply increasing U.S. exports and making hog futures one of the best performing commodities... Read more

  • Trader Jonathan Corpina (C) works on the floor of the New York Stock Exchange on June 29, 2016. (AP Photo/Richard Drew)

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    NEW YORK—A week after Britain’s shocking vote to leave the European Union, markets seem to have pushed the pause button. After a two-day spree of... Read more

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    Advertising is very prolific and offers a variety of ways to distribute brand messages. Social media is one of those platforms that has burst onto... Read more

  • A sold sign outside a home in Vancouver on June 28, 2016. After the introduction of a tax on foreign buyers, the next issue to resolve is the lack of housing supply. (The Canadian Press/Jonathan Hayward)

    Fixing Vancouver’s Housing Supply Problem

    Vancouver’s scorching housing market badly needs more supply. Analysts say excessive red tape and wasteful zoning are preventing supply from meeting ferocious demand. It’s another... Read more

  • Aerial view of Rodeo Drive Condos by Lanterra Developments in Toronto. (Lanterra Developments)

    Lanterra Launches Next Condo for Shops at Don Mills

    Lanterra Developments and Cadillac Fairview go way back when it comes to transforming Toronto. More than a decade ago, the companies partnered on the development... Read more

  • Many people are now purpose-buying second homes to use exclusively for short-term lets on Airbnb. (unsplash.com)

    Why Airbnb Opportunities Make a Second Home in London a Smart Choice

    Since being founded in 2008, Airbnb has risen to become a leading global property platform for short-term lets – and a company currently valued at... Read more

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  • LONDON, ENGLAND - AUGUST 08:  A Gold Ferrari Drives through Knightsbridge on August 8, 2014 in London, England. Tourists and car enthusiasts have been flocking to the wealthy London district to see some of the world's most expensive and extravagant super cars. Many of the rich owners from Saudi Arabia and Kuwait come to London to escape the summer heat at home and to show off their cars before moving on to other European cities such as Paris and Cannes.  (Photo by Dan Kitwood/Getty Images)

    Excesses of Global Super-Rich Elbowing Out London’s Aristocracy

    LONDON—Where rattling horse-drawn carriages once ferried dukes and earls home on summer nights, now squealing golden Ferraris catapult their flashy owners past crowds of tourists wielding... Read more

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    Australian Couple Raffling Tropical Island Resort for $36 a Ticket

    An Australian couple is raffling their tropical island resort and scuba diving business, after living there for more than two decades. One lucky winner will... Read more

  • The 23-storey Imperial Plaza built by Camrost-Felcorp. (Courtesy Camrost-Felcorp)

    Imperial Village Community: Creating a Vibrant and Quality Lifestyle

    It’s easy to see that the master-planned Imperial Village community will indeed be fit for royalty—or anybody else wishing to embrace a vibrant and enriching... Read more

  • The Pride of Canada Carousel that's destined to become the focal point and jewel of Downtown Markham, Ontario. (Courtesy Remington Group)

    Life Is a Carnival

    Just ask the scores of smiling people who’ve already taken a spin on the new Pride of Canada Carousel that’s destined to become the focal... Read more

  • The One World Trade Center towers over the other buildings of the Manhattan skyline viewed from the New York Harbor during sunset on Feb. 10, 2015. (Benjamin Chasteen/Epoch Times)

    Can New York Benefit From Brexit?

    After Brexit, London may no longer be a popular city for Chinese and Middle Eastern billionaires who seek to park their wealth in penthouses. Especially in... Read more

  • Rendering of a Caliber home. (Courtesy of Caliber Homes)

    Kleinburg Crown Estates: A Collection of Elegant, Executive Homes

    In this white hot market with sellers demanding a king’s ransom for even the most nondescript house, it’s good to know a marquee project like... Read more

  • Rendering of Museum Flats, a condominium project underway in the GTA. (Courtesy Castlepoint Numa Inc.)

    Museum Flats Condos: GTA City Living With an Active Family Lifestyle

    Toronto’s Junction Triangle is in the middle of dramatic, sweeping changes and the new Museum Flats condominium project is leading the way. Imagine a village... Read more

  • Aleksandra Scepanovic, founder and managing director of Ideals Properties Group, at her office in Williamsburg, Brooklyn, on June 9, 2016. (Benjamin Chasteen/Epoch Times)

    How a Serbian War Journalist Became a Successful Entrepreneur in New York

    NEW YORK—What are the most inspiring success stories? Maybe entrepreneurs who had humble beginnings or quirky jobs inspire us the most. Serbian entrepreneur Aleksandra Scepanovic... Read more

  • Rendering of The Kennedy Condos, a multi-towered project in Toronto. (Courtesy of Kennedy Condos)

    The Kennedy Condos: A Multi-Towered Project With Urban Luxury

    With one discriminating gaze around the elegant sales pavilion of the city’s latest building venture, The Kennedys Condos, it’s confirmed the multi-tower project will be... Read more

  • A luxury 90-floor apartment skyscraper called "One57," left, rises above all other buildings overlooking Central Park, while a crane sits atop ongoing construction for a new condominium skyscraper at 220 Central Park South, Thursday May 26, 2016, in New York. A penthouse in One57 went for $100.5 million in 2014, but an apartment in the new condominium is expected to sell for $250 million. (AP Photo/Bebeto Matthews)

    Sky High: NYC ‘Trophy Apartment’ Could List for $250 Million

    NEW YORK—Billionaires’ Row. That’s what New York real estate experts have dubbed a lineup of a half-dozen new superluxury skyscrapers overlooking Central Park that are... Read more

  • A luxury 90-floor apartment skyscraper called "One57," left, rises above all other buildings overlooking Central Park, while a crane sits atop ongoing construction for a new condominium skyscraper at 220 Central Park South, Thursday May 26, 2016, in New York. A penthouse in One57 went for $100.5 million in 2014, but an apartment in the new condominium is expected to sell for $250 million. (AP Photo/Bebeto Matthews)

    New York Apartment for Sale: $250 Million

    It’s common knowledge that a window view of New York’s Central Park saps a hefty premium from your account. Still, one development company recently redefined what... Read more

  • Rendering of CentreCourt Condos. (Courtesy CentreCourt Developments)

    CentreCourt Can’t Get Enough of Downtown East

    CentreCourt Developments is gearing up to launch its next project, a high-rise condo at 411 Church St., a block north of Carlton Street and across... Read more

  • Rendering of Graywood Developments latest condo project Scoop. (Courtesy of Graywood Developments)

    Scoop Will Bring New Vitality to St. Clair West

    Graywood Developments knows St. Clair Avenue West well, having several years back built a stacked townhouse community on St. Clair at Weston Road. So when... Read more

  • Brad J. Lamb, president of Brad J. Lamb Realty & Lamb Development Corp. (Courtesy of Lamb Development Corp.)

    Lamb: Toronto Market ‘The Best It’s Ever Been’

    Brad J. Lamb found inspiration for his latest Toronto condo project, James—a slender 18-storey tower proposed for Richmond Street just west of Spadina Avenue—during a... Read more

  • Facebook CEO Mark Zuckerberg speaks during the keynote address at the F8 Facebook Developer Conference in San Francisco. (AP Photo/Eric Risberg, File)

    Zuckerberg to Bulldoze Homes Worth $30 Million Around His House for ‘Privacy’ Reasons

    In 2013, Mark Zuckerberg purchased the four homes surrounding his own in Palo Alto, worth $30 million in total, for privacy purposes.  New city planning papers... Read more

  • One of the winning designs in Create Streets competition to find an alternative to the 'Paddington Pole' by AR Urbanism/Greysmith Associates (Courtesy of Create Streets Paddington Pole Competition)

    Alternative Schemes to the “Paddington Shard’ Announced

    Winners of the rival Paddington Shard competition were announced on Tuesday, May 24. The competition was launched in March by independent research institute Create Streets,... Read more

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