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 […]

Read the rest of this entry »

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 […]

Read the rest of this entry »

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 […]

Read the rest of this entry »

The Fly Or Die Commerce Report: Uganda’s Securities Exchange Launches Automatic Trading

Tweet

Read the rest of this entry »

The Fly Or Die Commerce Report: How Much Money Do Banks Make From Fees?

According to Money magazine’s July 2015 issue, Americans pay $7 billion annually on basic bank charges for things like “failing to meet minimum balance requirements and monthly account maintenance.” Americans also pay approximately $32 billion a year for overdraft fees. Tweet

Read the rest of this entry »

The Fly Or Die Commerce Report: What State Has The Most New Businesses?

According to Money Magazine’s March 2015 issue, the following states are the top five states in the U.S. to have an emergence of new businesses. The results are adjusted according to population. 1) Montana 2) Alaska 3) South Dakota 4) California 5) Colorado I’m surprised New York, which is known as “The Empire State,” isn’t […]

Read the rest of this entry »

The Fly Or Die Commerce Report: Agflation Defined

According to Investopedia, agflation is: “An increase in the price of food that occurs as a result of increased demand from human consumption and use as an alternative energy resource. While the competitive nature of retail supermarkets allows some of the effects of agflation to be absorbed, the price increases that agflation causes are largely […]

Read the rest of this entry »

The Fly Or Die Commerce Report: What Americans Spend Their Money On

According to Money magazine, the Bureau of Labor Statistics states that Americans currently spend most of their money on housing and transportation. The Bureau of Labor Statistics breaks down the average percentage of annual spending as follows: 33% on housing 17% on transportation 13% on food 10% on retirement 10% on miscellaneous 7% on health […]

Read the rest of this entry »

The Fly Or Die Commerce Report: Rule 72

“There is a law called Rule 72 (72 divided by interest equals the number of years to double investment) which most people have never been taught. It’s also unfortunate that in America you can receive an elementary, high school and college education and never be taught Rule 72. If you earn 1% on your money, […]

Read the rest of this entry »

The Fly Or Die Commerce Report: $1.2 Trillion

According to Money Magazine, there is $1.2 trillion of U.S. currency currently in circulation. This is an increase of the 2003 figure of $690 billion. Tweet

Read the rest of this entry »