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China’s Online Lending Crisis Comes to a Head

On August 6th, 2018 China was forced to shut down the financial district of Beijing in order to prevent individual protests. Small business owners, entrepreneurs, and other individuals have been devastated by the recent implosion of China's peer-to-peer lending industry. It's possible this could have significant ramifications for China's consumers and their spending, in addition to having a direct impact on those who lost money. A Chinese Problem In China, peer-to-peer lending grew much faster than it did in other parts of the world. Similar to payday lending, small loans were available for those who needed them for emergency expenses. ...Continue reading

Halloween Retailer Party City Joins Amazon, Dealing a Blow to Retail

Amazon is teaming up with Party City, spelling another potential blow to the retail industry. On the surface, Amazon appears to be winning its war against retail, negotiating contracts with failing brick-and-mortar businesses such as Sears. This recent deal could very well be indicative of the future for retail businesses, though Party City appears to be optimistic about its chances at success. Party City to Sell Halloween Costumes on Amazon With over 900 locations, Party City is a major national chain. Party City was initially founded in 1986 and reports a revenue of $2.27 billion annually. Though it is a ...Continue reading

Apple Makes Stock Market History, Breaks $1 Trillion Barrier

In case you missed it, last week, Apple made some big news. We’re talking bigger news than announcing a new iPhone or Mac computer. In fact, the 42-year-old company that began in a Northern California garage became the first U.S. company to hit $1 trillion in value on the stock market. We’re not talking billions here – plenty of companies have already achieved that on the stock market. We’re talking trillions. Let that sink in. Trillions. The real scary part? It’s not done growing. Apple: A Brief History Though various films and books have been written about Apple’s success and ...Continue reading

U.S. Manufacturing is Booming Right Now — Here’s Why

If you happen to be in or around Chicago this fall, head on down to McCormick Place. That’s where one of the world’s largest manufacturing shows, International Manufacturing Technology Show (IMTS), will take place from September 10 – 15. The show comes to Chicago every other year, and ever since the recession, the show has grown and grown, filling up every single hall in the Windy City’s massive convention center. IMTS’ success largely hinges on the success of the U.S. manufacturing sector – and that’s a sector that’s been booming, more now than ever. Specifically, the U.S. manufacturing industry is ...Continue reading

India is Proposing Retaliatory Tariffs on These Goods

In response to the Trump administration's controversial aluminum and steel tariffs, India has proposed tariffs on an extensive list of US exports said to be worth more than $200 million. This retaliatory tariff has been delayed by six weeks, but is still expected to come. Every year, the United States sells about $42 billion in goods to India. India, on the other hand, exports about $72 billion worth of goods to the United States. These tariffs may be governmental actions, but they'll mostly be hurting private enterprises. Indian Tariffs Postponed for a Second Time Initially, the tariffs on US exports ...Continue reading