The bottom line
▪ The a verage Amazon Prime member spends $1,300 a year on Amazon compared with $700 a year for non-Prime shoppers. Some 80_million households have a Prime membership, which costs $99 per year and includes free two-day shipping.
▪ 2017 is turning into a season of upheaval in the corner office. Thirteen companies worth more than $40_billion each replaced CEOs during the first five months of 2017, more than double the number of CEO changes at mega-companies during the same period last year. In June alone, GE, Uber, Whirlpool, Buffalo Wild Wings, Perrigo, and Pandora all had CEOs resign or announce their departures.
The Wall Street Journal
▪ Blaze Pizza, which counts basketball star LeBron James as an early investor, has become the fastestgrowing restaurant chain ever, according to consulting firm Technomic. The build-your-own pizza chain, which opened with two California locations in 2012, opened its 200th eatery this week, in Mentor, Ohio.
▪ Eighty-five percent of gig economy workers make less than $500 a month on average through side-gig services, according to a study by online loan provider Earnest. Airbnb users make the most each month, with a median income of $440, compared with $210 a month for a Lyft driver and $110 for a TaskRabbit worker.
The Washington Post
▪ About 1,600 new coal plants are planned or under construction in 62 countries around the world. The new plants would expand the world’s coal-fired power capacity by 43 percent. Chinese companies are behind more than 700 of the new plants.
The New York Times