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Here’s the kind of spending that leads to bigger paychecks and a roaring economy

“Only one thing is going to help workers earn bigger paychecks, help them do their jobs better and get the economy roaring like a lion again” writes Jeffry Bartash for marketwatch.com. The good news is, business investment has sped up this year to the fastest pace since 2011-2012.Third-quarter GDP is also likely to show fairly strong business investment, with the exception of housing.Business investment “came roaring back this year in anticipation of pro-growth policies,” noted Sal Guatieri, senior economist at BMO Capital Markets.A measure used by economists to track investment,…

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Stranger Things star fires agent over sexual abuse allegations

“It and Stranger Things’ Finn Wolfhard has parted ways with his agent Tyler Grasham, after allegations of sexual abuse surfaced” writes Clarisse Loughrey for independent.co.uk. The Hollywood Reporter claims the agent faces a string of allegations of sexual assault and acting inappropriately with young aspiring male actors, including actor-turned-filmmaker Blaise Godbe Lipman.Grasham, who works for APA, is currently on leave from the company, pending an internal investigation into the allegations. Source: independent.co.uk Share This:

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Snap lays off 18 employees in recruiting division

“SAN FRANCISCO (Reuters) – Social media company Snap Inc (SNAP.N) said on Friday it had laid off 18 people in its recruiting division, an unusual move for a young company with ambitious growth plans and a likely reflection of tough competition from Facebook Inc (FB.O)” writes Min Read for reuters.com. Venice, California-based Snap, the parent company of messaging app Snapchat, declined to comment beyond its statement confirming the job cuts, which were first reported by Business Insider.But since Snap’s $3.4 billion IPO in March, investor concerns have mounted that the…

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Jessica Lessin is optimistic about the news — and ‘The Information’ is doubling down

“The reason I’m optimistic is because we have a model that works for quality information in 2017, and it’s a subscription business,” Lessin said” writes Jason Abbruzzese for mashable.com. “I think there is centuries of evidence that readers will pay for information they value across prices and across subject matter,” Lessin said. Source: mashable.com Share This:

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Opportunity cost can help you figure out what’s worth your time and money — in life and in business

“When you’re starting out in business, for example, the opportunity cost for an hour of your time might be $200 an hour” writes Jim Schleckser for businessinsider.com. It all comes down to calculating what the value of your time is — and specifically the opportunity cost that comes from investing it in one area over another.Now let’s be clear that opportunity cost isn’t what you could charge someone for your time, it’s the value you could create by doing what you are great at. So think about how you invest…

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Logistics firm DX appoints new team after posting ‘nil’ profits

“Under pressure logistics firm DX will be hoping the turnaround specialists now atop the business can jump-start its stuttering performance after posting almost no profits” writes Bradley Gerrard for telegraph.co.uk. Management said adjusted pre-tax profits were effectively “nil” although a series of write-downs, including a £72m non-cash charge, meant the company posted a reported pre-tax loss of £82m for the year to June 30. Outgoing chairman Bob Holt said that while it had been a difficult year the prospects for the business had been “significantly transformed” due to the new…

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News Stocks 

Skechers stock zooms 37% as earnings show company ‘is not the one-trick pony it once was’

“Shares of athletic shoe maker Skechers Inc. zoomed more than 37% Friday, after the company blew past earnings estimates for the third quarter, prompting a round of stock price target increases from analysts and at least one upgrade” writes Ciara Linnane for marketwatch.com. In the second quarter, the stock slid more than 4% after earnings fell short of estimates.First-quarter earnings topped estimates, but shares still fell as analysts fretted about flat growth in the U.S. and pressure on margins.Susquehanna analysts reiterated a positive rating on the stock, the equivalent of…

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Tillerson: US will not interfere in EU trade with Iran

“The president’s been pretty clear that it’s not his intent to interfere with business deals that the Europeans may have under way with Iran,” Tillerson told the Journal in an interview Thursday” reports businessinsider.com. Tillerson’s comments appeared aimed at reassuring the Europeans that Washington is not trying to pressure them into avoiding business with Iran.WASHINGTON (Reuters) – The United States does not aim to impede European trade and business transactions with Iran despite President Donald Trump’s decision last week to decertify the 2015 nuclear agreement, Secretary of State Rex Tillerson…

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