While this past week's Supreme Court sales tax ruling will create more obligations and expenses for many small online retailers, owners are already thinking about how they'll comply
Asian stock markets have fallen and oil prices gave up some of their gains after Chinese regulators freed up extra money for bank lending amid a trade dispute with Washington
According to Business Insider, TGI Fridays is making some major changes. In February, the chain announced it had reached the halfway point in its efforts to completely revamp its menu. It's a mission it plans to complete by the end of 2018. At that point, the chain had rolled out 30% new menu items and improved 20% of its existing options. According to CMO Stephanie Perdue, Fridays is "stepping away from casual dining.
Germany's economy will be put through its paces this week as it releases a raft of data, including consumer sentiment. As Ciara Lee reports, it comes as trade fears weigh on share markets and prompt traders to ask 'what's next?' in the global tariffs row.
According to a report by Reuters, China's central bank said that it would cut the amount of cash that some banks must hold as reserves by 50 basis points, releasing 108 billion dollars in liquidity, in order to accelerate the pace of debt-for-equity swaps and encourage lending to smaller firms. On Sunday, the People's Bank of China said that the latest cut in some banks' reserve requirement ratios, currently 16 percent for large banks and 14 percent for smaller banks, are scheduled to take effect on July 5th. Reuters reports that China’s policymakers have sought debt-for-equity swaps since late 2016 in order to reduce pressure on firms already struggling with their debts.
E-commerce giant Amazon is now chasing "microtrips." Microtrips are trips that take five minutes or less. Business Insider reports that Amazon's physical retail strategy is coming into focus. The company is focusing on convenience. One example is the new Whole Foods Lockers, where customers can come and pick up their online Amazon purchases.
Where do the cheaters live you ask? Well according to a report shared with USA TODAY from infidelity website Ashley Madison, data from last year revealed that the city with the most member signups per capita was Seattle!! It also found that women signed up the most in the month of July...
Venture capitalist John Doerr subscribes to a management principle that's just celebrated its fiftieth birthday. According to Business Insider, it's this: getting the most out of people comes from setting more difficult goals for them instead of easier ones. The theory belongs to University of Maryland psychology professor Edwin Locke, Locke published his work in 1968. Doerr later wrote about it in his own book, "Measure What Matters," which explains the thinking behind the Objectives and Key Results goal-setting process famously used by companies like Google, MyFitness Pal, and Intel. The theory explains that hard goals "drive performance more effectively than easy goals," and that "specific hard goals 'produce a higher level of output' than vaguely worded ones." About 90% of the upwards of a thousand studies that have been conducted on Locke's theory confirm that productivity is bettered by creating well-defined goals. Doerr says employees are often encouraged to simply create goals for the sake of having them, resulting in diminished enthusiasm. He points to a two-year Deloitte study that found no single factor has more of an impact on building enthusiasm than "clearly defined goals that are written down and shared freely."