
Rice Business Wisdom
@RiceBizWisdom
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The ideas magazine for @Rice_Biz, featuring faculty research that will change the way you think. Subscribe here: https://t.co/JSkmXswVDz
Houston, TX
Joined October 2015
“We might expect #prices to stabilize moving forward, not necessarily that the prices will go down but that the rate at which it’s increasing will slow down, maybe in the coming months or coming years,” @BakerInstitute fellow @jorge_barro tells @KPRC2. https://t.co/2KwHrIOih2
click2houston.com
The higher prices we’re all paying for just about everything is the reason why we’re seeing The Federal Reserve hike interest rates, making it more expensive for consumers to borrow money.
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Reports of romance scams hit a record high in 2021, according to the FTC, with losses totaling $547 million for the year. https://t.co/YCdyLPzzui
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There's a right way to make that radical career change
bloomberg.com
Labor experts say a radical career shift every decade or two can be good for both workers and employers.
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Many of us are intrigued by wonders that scream “THE FUTURE,” like flying cars. But sometimes the best inventions are more about brain power than technology magic, writes @shiraovide in On Tech.
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Heard on the Street: Amazon has agreed to a $3.9 billion cash deal for 1Life Healthcare, which runs a chain of primary care providers. In an environment that has become hostile to the expansion ambitions of tech giants, the biggest one of all keeps at it.
wsj.com
The company said it has agreed to a cash deal valued at $3.9 billion for 1Life Healthcare, which runs a chain of primary care providers under the name One Medical.
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Extreme heat is hard on our bodies AND the economy, @uarizona economist Derek Lemoine writes for @ConversationUS.
theconversation.com
The UK recorded blistering hot temperatures as the US and Europe also experienced sweltering heat waves.
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It's not just you: Yelp reviewers are railing about shrinkflation
bloomberg.com
Restaurant portions are getting smaller, and diners aren’t happy.
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Even with AirTags, one family waited nearly two weeks to be reunited with their lost bag in Orlando–and even then it took some extra perseverance
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“We’ve got twice the solar we had last summer, and something like three times what we had eighteen months ago,” energy consultant Doug Lewin says. “We actually set another solar record today, and we set one yesterday.”
texasmonthly.com
Enjoying that AC? Thank the mighty power of the sun and the renewable energy source keeping the grid afloat.
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"It’s in the interests of sellers and buyers both to understand more deeply not only why we buy what we buy — but where," @RiceBizWisdom writes. https://t.co/Lr6rW4WaLr
#shopping #consumers #customers #retail #retailers
houston.innovationmap.com
Back in the Paleolithic Age of online marketing — say, 15 years ago — the idea of online sales as a significant business vehicle for brands such as Target or Walmart was almost unimaginable. Shopping...
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Fed’s Bostic backs another super-sized interest rate hike at July meeting
marketwatch.com
Atlanta Fed President Raphael Bostic said Friday he supports another 0.75 percentage point rate hike at the FOMC meeting later this month.
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Elon Musk's team has stopped engaging in funding discussions with Twitter over spam account numbers, The Washington Post reported. @JBoorstin reports from the Allen & Company Sun Valley Conference where Musk is in attendance amid the ongoing saga. https://t.co/VmyVPngIWz
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The Las Vegas Raiders have named Sandra Douglass Morgan president, making her the first Black woman to hold that role in the National Football League
wsj.com
Ms. Morgan is the first Black female team president in the National Football League
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Americans are dipping into the huge pile of savings they accumulated over the first two years of the pandemic
wsj.com
With wage gains lagging behind soaring inflation, U.S. households are starting to dip into the huge pile of savings they accumulated over the first two years of the pandemic.
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When cryptocurrencies plunged, big Wall Street companies and some rich investors escaped much of the damage, but retail investors weren’t so lucky.
nytimes.com
As cryptocurrency prices plunged and funds failed, strict rules on risky assets helped Wall Street companies sidestep the worst. Retail investors weren’t as lucky.
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High #gasoline prices had an inordinate impact on #consumerconfidence, @BakerInstitute fellow @finley_mark tells @ckrausss. “There is a sense of crisis with people saying, ‘There is something wrong here, and I need to be more careful,’” he said. https://t.co/Jhi24ZrVss
#gasprices
nytimes.com
As summer trips beckon, some are traveling less, at least by car. And those candy bars at the convenience store may find fewer takers.
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Mortgage rates have spiked to their highest levels since the 2008 housing crisis as the Federal Reserve tries to fight inflation. "We've reached the point where people just can't afford a house," an executive at a real estate brokerage said.
nytimes.com
As the Federal Reserve tries to fight high inflation, costly mortgage rates have begun to price people out of the housing market.
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The Supreme Court limited the Environmental Protection Agency's authority to regulate greenhouse-gas emissions. The ruling curbs the regulatory power of federal agencies
wsj.com
The high court curtailed the EPA’s powers to restrict greenhouse-gas emissions from power plants, in a decision that could limit the authority of government agencies to address major policy questions...
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“The solution to stopping this is the #Fed’s usual medicine. That means raising #interestrates aggressively, but not too aggressively, to slow the #economy down to a pace we can manage,” said @profp_rod, dean of @Rice_Biz. https://t.co/9NK0CJuiG9
#inflation #inflation2022 #Texas
click2houston.com
KPRC 2 Investigates is looking into the growing inflation rate and how many years we can expect it will take for prices to get back to normal.
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