Archive for the 'Ecomonics' Category

Michael Jackson Almost Owned Marvel Comics?

In a 2013 interview between Piers Morgan and Joe Jackson, it was revealed that Michael Jackson almost owned Marvel. The music superstar was seeking to purchase the comics giant before Disney did. In a recorded voicemail message from 2002, Michael Jackson could be heard stating that he wanted to purchase Marvel and create a “Marvel […]

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A Picture Is Worth A Thousand Words Pic Of The Week

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Starbucks’ Bottomline Unbothered After Racist Philadelphia Debacle

“For that period that the protest and the incident occurred in Philadelphia, now certainly those stores were impacted for a brief period. But it’s still early days, and we don’t have all of the information on demographics. But certainly if I look nationally, and I look at regions across the United States, there’s not been […]

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The Fly Or Die Commerce Report: Starbucks Profits

According to CNBC, “In January [Starbucks] Chairman Howard Schultz said the average Starbucks store makes about $32,000 a week. Using that as a benchmark, 8,000 stores would make about $260 million in that period, or about $36.6 million a day.” Tweet

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Black Wealth: The 1% Of The 1%

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The Fly Or Die Commerce Report: Google To Purchase NYC’s Chelsea Market

In the near future, Google will reportedly close a deal that will garner it ownership of Chelsea Market. According to the New York Daily News, the company has shelled out $2 billion to purchase the 1.2 million square-foot property. Google is already a tenant at the popular location, where the Oreo cookie was invented. Chelsea […]

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The Fly Or Die Commerce Report: Is Cash Becoming Obsolete In China?

According to Business Insider, cash is decreasingly becoming a valid form of payment in China. Mobile payments made via smartphones has become increasingly popular in the country. Business Insider states that: “Last year, the volume of mobile payments in China more than doubled, surging to a total of $5trillion…A research investment company based in Hong […]

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The Fly Or Die Commerce Report: Starbucks Closes Its Online Store

In a shocking move in this digital age, Starbucks has decided to shut down its online store. This online shut down has also come at a time, when, according to Forbes, Starbucks has also announced that it will be closing “all 379 of its stand-alone Teavana stores.” According to the New York Times, Starbucks’ decision […]

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The Fly Or Die Commerce Report: Amazon Buys Whole Foods

This past August, an almost $14 billion deal was completed, allowing for Amazon to purchase Whole Foods. Amazon’s ownership of the grocery conglomerate has been marked by new policies that the new owners have implemented. According to Business Insider, the day Amazon completed the aforementioned purchase, prices at Whole Foods immediately dropped. In addition to […]

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The Devastating Decline Of Black Businesses In New York City

In a recent study done by New York City’s comptroller, documenting the financial state of the City between the years of 2007 to 2012, the dismal state of Black business was noted. According to the study, in 2007-2012, the presence of Black Businesses in New York City declined by 31.4%, while Black businesses nationwide rose […]

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