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Monthly Archives: July 2017

Here’s how the Amazon effect is hitting the apparel industry

Women who feel “awkward” buying bras and underwear at brick-and-mortar retailers are now ringing up their lingerie purchases online instead, and this is helping Amazon gain coveted market share, a new report from sales analytics firm One Click Retail has found. The so-called Amazon effect is striking again, and this …

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This city outside Detroit is a living lab for self-driving cars

Brittany Greeson | The New York Times Shoabing Xu, a postdoctoral research fellow, sat in the driver’s seat as a safety precaution during a demonstration of an autonomous car at the MCity testing grounds at the University of Michigan in Ann Arbor, Mich., July 6, 2017. Henri Coron, Navya’s vice …

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James Levine to Replace Andris Nelsons in the Met’s New ‘Tosca’

Photo James Levine, at Carnegie Hall in 2015. Mr. Levine, the Met’s music director emeritus, led a “Tosca” in his first performance with the company — on June 5, 1971. Credit Hiroyuki Ito for The New York Times Its star soprano and tenor dropped out. Now the Metropolitan Opera’s hotly …

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Auto imports from Mexico keep climbing despite Trump’s threats

Brett Gundlock | Bloomberg | Getty Images Vehicles stand in a lot before export at the Port of Veracruz in Veracruz, Mexico. Almost six months after Donald Trump was sworn in as president and threatened to penalize automakers who import cars and trucks from Mexico, the flow of vehicles from …

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Financial markets are ‘entering frothy territory’ Deutsche Bank says

Stocks are entering “frothy territory” and could fall soon due to a turnaround in monetary policy, a Deutsche Bank economist said Monday, citing analysis that is used by some of the more notable names in finance. “We believe the equity market in developed countries begins to show symptoms of ‘froth,'” …

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Anthony Roth Costanzo Exists to Transform Opera

Before 1750 is the focus this week, as Mr. Costanzo stars in a tech-savvy reboot of Handel’s “Aci, Galatea e Polifemo” at National Sawdust in Williamsburg, Brooklyn, from Wednesday through July 20. But he has also pushed beyond the old-music limitations of traditional countertenors, performing new works written for him …

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Don’t bail on tech, careful with consumer, energy

Tyrone Siu | Reuters Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Goldman struck a more pessimistic note when talking about consumer discretionary and energy stocks, however. The investment bank said tightness in the U.S. labor market …

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Trump defends decision to have Ivanka sit in for him at G-20

Sean Gallup | Getty Images Ivanka Trump (L) and U.S. Treasury Secretary Steven Mnuchin look on as U.S. President Donald Trump arrives for the morning working session on the second day of the G20 economic summit on July 8, 2017 in Hamburg, Germany. U.S. President Donald Trump defended his daughter, …

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Apple iphone 8 fingerprint reader might not happen, says analyst

Beck Diefenbach | Reuters Apple Inc CEO Tim Cook discusses the iPhone 7 during an Apple media event in San Francisco, California, U.S. September 7, 2016. A new note from KeyBanc Capital Markets analyst Andy Hargreaves suggests that Apple still hasn’t figured out a way to fit a fingerprint reader …

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Costco fundamentals are good, but they don’t matter because of ‘Amazon fears,’ analyst says

Daniel Acker | Bloomberg | Getty Images Employees load a customers purchases into a shopping cart at a Costco store in East Peoria, Illinois. Costco shares were downgraded by BMO Capital Markets even after the company posted strong June sales figures last week, because the analyst believes the wholesale club’s …

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