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New Jersey is the only state in the U.S. that doesn’t allow customers to pump their own gas — anywhere. There’s always an attendant on duty to pump gas for customers at these full-service stations.
The war on skyscraper shadows has been passionately waged for years. Between light and shade, their significance is intensely debated. But in the shades of gray, what else are we losing in our cities?
What began as a small Canadian yoga wear company for women, is today a multibillion-dollar activewear brand with 600 stores in the U.S. and Europe, and a diversified portfolio extending into menswear, an at-home fitness program, Mirror, and footwear.
In 2018, Starbucks opened its first store in Italy, a 25,000-square-foot roastery in Milan. Despite being inspired by Italian coffeehouse culture, the American chain faced resistance when entering the country.
Snap shifted from overdrive to reverse this year as it prepares for its lowest period of sales growth since going public. WSJ’s Meghan Bobrowsky explains how Snap’s dependence on digital ads led to its restructuring efforts.
Amazon has 118+ private label brands, some that carry the Amazon name and others cleverly disguised without it. And it’s been accused of using its data prowess to make nearly identical versions of bestselling brand-name items.
Pandemic lockdowns accelerated the already growing popularity of buy now pay later transactions. But for the operators behind these transactions, margins are wafer thin. So how sustainable is the business model?
Each fall, there’s one store that suddenly seems to be just about everywhere: Spirit Halloween. The brand taps into the $10 billion Halloween industry by setting up shop in otherwise vacant real estate for three months each year.
Europe is facing a tough winter, as inflation and energy prices continue to rise. The continent also faces tough decisions following its scorching hot summer.
Turmoil in the U.K. bond market created a feedback loop that left investors like pension funds short on cash and rippled out into other markets. WSJ’s Chelsey Dulaney explains the type of investment at the heart of the crisis.
When the pandemic hit in early 2020, air travel came to a near halt. By April, more than half of the world’s passenger jets were parked. Those 16,000 planes also carry roughly half of the world’s air cargo, over 52 million metric tons of goods every year.
The economic concept is key to understanding how companies price their products. Consumer spending has held up relatively well so far despite inflation, but experts say we’re approaching an inflection point.
Over the past 25 years, Netflix revolutionized the film and television industry. The company amassed over 220 million subscribers across 190 countries.
Amazon ships more U.S. smart home devices than any other company and says Alexa is now compatible with 140,000 devices, far beyond the Echo and Fire TV. But privacy advocates are concerned by all the data these devices collect.
From red-hot inflation to a strong jobs market, and all the negative gross domestic product in between, economists are divided on the health of the U.S. economy. A top concern for Americans: Are there layoffs on the horizon? Economists break down the data
The “Clear Craze” was everywhere in the 1990s, and that included translucent technology like video game controllers, iMacs, all the way to Tamagotchis. But, how did this design come to dominate a decade?
New York’s Harbor is as large as it is complex. It’s home to one of the nation's most critical infrastructure systems: six container terminals moving millions of pounds of cargo in and out every day.
America is a big country, and Americans have always favored big vehicles to traverse it. America gave the world Cadillacs with massive tailfins and oversize pickup trucks.
It's not just the lack of pilots that is impacting aviation. Mechanics, baggage handlers and air traffic controllers are also in short supply. So what led to the shortage of pilots in the USA?
Coinbase went public with a highly anticipated listing in 2021, but as the crypto market crashed, the company’s share price dropped by more than 80%. Now it’s working to diversify its revenue.
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“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
Deloitte Global Retail Outlook 2024
After a prolonged period of suppressed consumer spending, macroeconomic and geopolitical uncertainty, and rapid changes in consumer behavior (among other things), the global retail industry stands at a crossroads; forced to make decisions about long term investments in new technology and business models while at the same time managing the rising cost of doing business and a decline in the spending power of consumers. - From Deloitte Insights Read more
The World's Top Flight Routes by Revenue
In 2024, a record 4.7 billion people are projected to travel by air—200 million more than in 2019. While revenues surged to an estimated $896 billion globally last year, airlines face extremely slim margins. On average, they made just $5.44 in net profit per passenger in 2023. Today, the industry faces pressures from high interest rates, supply chain woes, and steep infrastructure costs. - From Visual Capitalist
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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