Goldman leads decline as Wall Street commodity revenues plummet
NEW YORK - Wall Street commodity revenues crashed last year to their lowest on record, as tighter regulation and limited price swings squeezed the once dominant traders of Goldman Sachs Group Inc , JPMorgan Chase & Co and Morgan Stanley .
chase
commodity
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jpmorgan
morgan stanley
regulations
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Reuters
Tempting the Young: New Efforts to Get Younger Consumers Hooked on Guns, Luxe Cars, Soda & More
Marketers are always trying to woo younger consumers. They may not have as much money as older folks, but they bring a sense of hipness and desirability to anything they buy. Youths are also sought after as customers because consumption habits are often ingrained at a young age — and because they will be money-spending consumers for many, many years to come. Here are five noteworthy efforts by old-fashioned products and brands to reach out to younger demographics: Guns Nearly half of Americans say they have a gun in their home or otherwise in their possession, and gun sales have periodically soared in recent years, often as a reaction to the latest mass shooting or because of fears that new gun-control regulations will restrict access to firearms. And yet, despite the rush of sales in the marketplace, “the firearms industry has poured millions of dollars into a broad campaign to ensure its future by getting guns into the hands of more, and younger, children,” according to the New ...
americans
audi
benz
bmw
bowl
budweiser
cla
consumption
desirability
hipness
journal
kate
luxe
mercedes
millennials
million
participation
possession
reaction
regulations
street
super
times
upton
wall
york
youths
Tempting the Young: New Efforts for Get Younger Consumers Hooked on Guns, Luxe Cars, Soda & More
Marketers are always trying to woo younger consumers. They may not have as much money as older folks, but they bring a sense of hipness and desirability to anything they buy. Youths are also sought after as customers because consumption habits are often ingrained at a young age—and because they will be money-spending consumers for many, many years to come. Here are five noteworthy efforts by old-fashioned products and brands to reach out to younger demographics: Guns Nearly half of Americans say they have a gun in their home or otherwise in their possession, and gun sales have periodically soared in recent years, often as a reaction to the latest mass shooting or due to fears that new gun control regulations will restrict access to firearms. And yet, despite the rush of sales in the marketplace, “the firearms industry has poured millions of dollars into a broad campaign to ensure its future by getting guns into the hands of more, and younger, children,” according to the New York Times. ...
americans
audi
benz
bmw
bowl
budweiser
cla
consumption
desirability
hipness
journal
kate
luxe
mercedes
millennials
million
participation
possession
reaction
regulations
street
super
times
upton
wall
york
youths
Hey New Yorkers, Are You Ready to Hail a Taxi With Your iPhone?
New York City regulators have approved a pilot project to test the viability of smartphone-based taxi cab hailing. The decision comes after months of wrangling between city government and upstart transportation firms, most notably Uber. New York City Mayor Michael Bloomberg has fashioned himself as a tech champion, and he wants to cement his legacy as one of New York City’s greatest mayors. The pilot program, which is designed to test out the process in a city of eight million people, is a significant step forward for New York. Official support was overwhelming. The Taxi and Limousine Commission voted 7-0 in favor of the one-year pilot project. There were two abstentions. The test-run begins on February 15th. For the last several months, Uber CEO Travis Kalanick has been waging a campaign aimed at NYC officials, whose options have been limited by the city’s contract with in-taxi digital payment processor Verifone and other companies. (Uber’s payment model is credit card only, no ...
abstentions
app-hailing
ceo
champion
city
commission
david
decision
francisco-based
government
hey
innovation
iphone
kalanick
legacy
limousine
mayor michael bloomberg
mike
nyc
options
payments
san
silicon valley
statement
street
technology
tlc
transportation
travis
uber
verifone
viability
yassky
york
yorkers
The People’s Bailout: Occupy Wall Street Wants to Forgive Your Debt
During the height of the financial crisis, the federal government pulled out all the stops to ensure the survival of the nation’s largest financial institutions. Along the way, shareholders and creditors of big Wall Street firms were bailed out as well, saved from losses they deserved for making poor investment decisions. Since that time, much of America has been clamoring for the same attention to be paid to the over-indebted citizens of the country as well. While total household debt has come down since the recession, the poor economy has left many Americans in a position where they are unable to repay their loans. So an offshoot group of Occupy Wall Street called Strike Debt has begun raising money to buy defaulted and distressed debt from brokers, so that they can forgive the loans outright. Because this debt has been in default for so long, it can be bought for very cheap, sometimes for as little as a few pennies on the dollar. According to a statement, the group has already “spent ...
action
america
americans
attention
busting
celebrity
city
decision
dodd-frank
facilitation
forgiveness
furthermore
garofalo
government
institutions
investment
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nation
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position
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