The Experience Economy is Booming, But It Must Benefit Everyone
[Consumer]
2019/01/08 10:43
In our overpopulated world, stuffed with an ever-growing stockpile of products, offline experiences have become key to personal fulfilment. While 78% of millennials choose to spend money on a desirable experience over something material, the trend extends beyond just young people, to every age bracket and socioeconomic class.This tidal wave is already having extreme effects on the global econom...
The Tuk Tuk of Tomorrow - SmarTuk
[Design]
2019/01/08 10:42
Designed for the streets of Cambodia, Vincent Chan’s SmarTuk concept aims to provide a low-cost, modular solution for individuals selling foods and goods.The modular design can adapt to a variety of vendors’ unique requirements simply by swapping out the rear half. Whether it’s a mobile cafe or grocery cart, users can specify their style upon ordering or interchange them over time.Running en...
How Every Asset Class, Currency, and Sector Performed in 2018
[Investing]
2019/01/08 09:02
We’re only a few days into 2019, but it appears markets have picked up exactly where they left off.There is growing uncertainty and volatility almost everywhere, and individual events are starting to become catalysts for sell-offs or rallies. Whether it’s Apple’s recent profit warning or Fed chair Jerome Powell saying that he is “listening closely” to the markets, investors are taking cues...
(PDF) Mckinsey - Blockchain’s Occam Problem
[Business]
2019/01/07 11:07
Blockchain has yet to become the game-changer some expected. A key to finding the value is to apply the technology only when it is the simplest solution available.Blockchain over recent years has been extolled as a revolution in business technology. In the nine years since its launch, companies, regulators, and financial technologists have spent countless hours exploring its potential. The resu...
US Electric Car Sales Report - EV Sales Up 130% In 2018, 210% In Q4 2018
[Business]
2019/01/07 11:07
The big electric vehicles sales stories these days are generally about the Tesla Model 3 walloping the competition. Nonetheless, we like to go back to our roots and explore overall electric vehicle growth at least once a quarter. The problem is that almost all of the positivity comes from Tesla.As you can see above, several fully electric models saw their sales decline in the 4th quarter of 201...
(M&A) Juul Employees Get a Special $2 Billion Bonus from Tobacco Giant Altria
[Investing]
2019/01/07 11:07
Juul employees stand to receive a $2 billion dividend from Altria as part of the tobacco giant's deal announced Thursday, according to people familiar with the plan. The bonus averages out to roughly $1.3 million for each of Juul's roughly 1,500 employees.Altria invested $12.8 billion for a 35 percent stake in Juul that values the e-cigarette company at $38 billion.Juul's 1,500 employees are ge...
Luxury Brands are Already Feeling the China Burn
[Business]
2019/01/07 11:06
Chinese shoppers are buying fewer smartphones. Expensive handbags and watches could be next.European luxury stocks were hit Thursday after Apple (AAPL) said it sold fewer iPhones than expected in the final three months of 2018 because of a sharp economic slowdown in China.Shares in LVMH (LVMUY), which owns brands including Fendi and Louis Vuitton, were down 3%. Burberry (BURBY) stock plunged 5....
All of the Top 10 Fastest Growing Cities in the World are in India
[Investing]
2019/01/07 11:06
Think of the world’s wealthiest cities: New York, Tokyo, Los Angeles and London probably spring to mind. But based on annual gross domestic product (GDP) growth Asian cities – particularly those in India – are powering ahead of other urban economies.According to research institute Oxford Economics, all the top 10 fastest-growing cities by GDP between 2019 and 2035 will be in India.Surat, a l...
(CES 2019) Neutrogena to Launch Personalised 3D Printed Face Masks
[Product]
2019/01/07 11:06
Following the release of its skin360 last year, a scanner tool that plugs into smartphones for an at-home analysis of a person’s skin conditions, neutrogena is now taking personalized skincare a step further with maskiD. Developed to produce customized, 3D-printed beauty masks, the iOS app works by capturing an image of the user’s face through the phone’s 3-D camera, and analyzing it to prov...
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