Wealthy Families Are Adding Forests to Their Portfolios

Tom Crowder spent much of his two-year career in the NFL running away from men who weighed upwards of 300 pounds. These days? He worries about bears and snakes. As a senior vice president at Bank of America Corp., Crowder spends most days in the woods, from the evergreen forests of New England to the wetlands of the Carolinas, scouting U.S. timberland assets for people with a net worth of at least $100 million and a minimum of $10 million to invest.

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The Workers? Toys ‘R’ Us, Back From the Dead, Will Open U.S. Stores in 2019

Maybe American kids will only have to live through one Christmas without Toys “R” Us.

About a year after shuttering U.S. operations, the remnant of the defunct toy chain is set to return this holiday season by opening about a half dozen U.S. stores and an e-commerce site, according to people familiar with the matter.

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Bitcoin Just Hit A Fresh 2019 High–Here’s Why

Bitcoin, back in the limelight after social media giant Facebook this week announced it’s creating its own cryptocurrency and payments network, has hit a fresh year-to-date high and is edging closer to the psychological $10,000 per bitcoin mark.

The bitcoin price recorded a high of $9,600 per bitcoin on the Luxembourg-based Bitstamp exchange, up almost 5% over the last 24 hour trading period and a staggering 160% since the beginning of 2019.

The latest bitcoin rally has been put down to a number of different factors, with surging media and mainstream interest in bitcoin as a result of Facebook’s Libra cryptocurrency announcement the most recent.

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Chick-fil-A is now the 3rd-largest restaurant chain in America…

Chick-fil-A has whipped past rivals to become the third-largest restaurant chain in the US.

The chicken chain’s massive growth in 2018 moved it into the No. 3 spot on the ranking of the largest restaurant chains in the US, with $10.46 billion in American systemwide sales, according to Nation’s Restaurant News analysis published Monday.

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Dollar General is rolling out FedEx drop-off and collection services at thousands of its stores to help it take on Walmart

There are over 15,000 Dollar General stores in the US and by the end of 2020, just over half of these will offer FedEx drop-off and collection services.

This new partnership, which was announced on Monday, is mutually beneficial. It enables FedEx to offer convenient services to a broader range of shoppers (thanks to Dollar General’s giant store base) and gives these customers another reason to visit a Dollar General store. The hope is that by offering more services customers become more loyal, use the store more frequently, and spend money on other things when they’re there.

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Walmart reveals it’s tracking checkout theft with AI-powered cameras in 1,000 stores

Walmart is using computer vision technology to monitor checkouts and deter potential theft in more than 1,000 stores, the company confirmed to Business Insider.

The surveillance program, which Walmart refers to internally as Missed Scan Detection, uses cameras to help identify checkout scanning errors and failures.

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S&P 500 closes at new record…

Stocks rallied on Thursday, led by strong gains in tech and energy shares, as Wall Street cheered the possibility that the Federal Reserve will cut interest rates next month.

The S&P 500 surged 1% to 2,954.18, a record close. The broad index also hit an intraday record of 2,958.06. The Dow Jones Industrial Average closed 249.17 points higher at 26,753.17. The Nasdaq Composite gained 0.8% to end the day at 8,051.34.

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Amazon Turns Shopping Malls Into Warehouses, Changing America’s Community Landscape

After helping drive local shopping malls toward collapse, Amazon is coming back to finish the job: turning them into warehouses.

That’s according to scores of reports in recent years, including one early this month published in the Wall Street Journal, discussing how Amazon keeps on turning old malls into fulfillment centers in Northeast Ohio.

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Algorithms are maximising profits for online retailers by colluding to keep prices high

Have you ever searched for a product online in the morning and gone back to look at it again in the evening only to find the price has changed? In which case you may have been subject to the retailer’s pricing algorithm.

Traditionally when deciding the price of a product, marketers consider its value to the buyer and how much similar products cost, and establish if potential buyers are sensitive to changes in price. But in today’s technologically driven marketplace, things have changed. Pricing algorithms are most often conducting these activities and setting the price of products within the digital environment. What’s more, these algorithms may effectively be colluding in a way that’s bad for consumers.

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Lululemon shutters men’s only stores

Despite success in its men’s business, including a goal to double revenues in the men’s business by 2023, Lululemon seems to be backing down from pursuing standalone men’s concepts.

A company spokesperson pointed to Lululemon’s test-and-learn mentality with regards to the concept, saying the retailer believes having men’s and women’s co-located, rather than independent, will help to drive growth in the men’s business.

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Abercrombie & Fitch to close 3 more flagship stores

According to this FOX Business report Abercrombie & Fitch is closing three more flagship stores after reporting terrible first quarter earnings.

Abercrombie & Fitch Co. shares fell Wednesday after the retailer released first-quarter earnings that showed slow sales and more flagship store closings. This is the latest sign of retailers struggling Opens a New Window. to stay competitive.

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