29 May, 2017 by The TZ Newswire Staff Comments Off on Digital game sales hit $7.7 billion in April, pulling back from a record high as big names cooled
Digital game sales hit $7.7 billion in April, pulling back from a record high as big names cooled
Digital video game sales were up 9 percent in April from last year, but pulled back from March’s record high.
29 May, 2017 by The TZ Newswire Staff Comments Off on The problem with deposit insurance
The problem with deposit insurance
I’ve always thought that the 2008 financial crisis was basically tight money plus moral hazard, with the latter factor playing the biggest role. I’m no expert on banking, but I’d guess that these three factors increased moral hazard (in order of importance):
1. FDIC (deposit insurance)
2. The GSEs (Fannie and Freddie)
3. Too Big to Fail
I’ve already spent a lot of time discussing the role of tight money, but I also believe that deposit insurance is a massively underrated problem.
29 May, 2017 by The TZ Newswire Staff Comments Off on 3333 Evergrande, short anyone
3333 Evergrande, short anyone
When short sellers targeted Evergrande recently, they were making a more nuanced bet on the Chinese property developer than it might have looked at first glance.
Evergrande is the second-largest listed mainland developer in Hong Kong, with a current market value of $14bn, and one of the best known. In the past eight years, it has been the subject of a high-profile short attack, brought in Alibaba’s Jack Ma as a partner for its football club and undertaken $3bn in acquisitions in unrelated…
29 May, 2017 by The TZ Newswire Staff Comments Off on From the Archives: Dominating Deal
From the Archives: Dominating Deal
Originally published in August 2015, this feature maps out just how many properties New York City’s Syrian Jewish real estate moguls own in this Jersey Shore hamlet.
29 May, 2017 by The TZ Newswire Staff Comments Off on Best Buy is capitalizing on troubles at Sears and HHGregg in one particular category
Best Buy is capitalizing on troubles at Sears and HHGregg in one particular category
Best Buy’s appliance sales were helped by troubles with Sears, as well as store closures from HHGregg, which has filed for bankruptcy
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29 May, 2017 by The TZ Newswire Staff Comments Off on Hotel-search site Trivago is bringing Silicon Valley to Germany
Hotel-search site Trivago is bringing Silicon Valley to Germany
Hotel-search site Trivago is bringing a touch of Silicon Valley to Germany with a flat corporate structure and a listing on the Nasdaq.
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29 May, 2017 by The TZ Newswire Staff Comments Off on The Ratings Game: Ugg’s move into 200 more Macy’s stores is ‘dangerous,’ analysts say
The Ratings Game: Ugg’s move into 200 more Macy’s stores is ‘dangerous,’ analysts say
Ugg parent Deckers Outdoor Corp.