Sales of digital music surpass album sales
Digital music sales exceeded physical music sales for the first time ever last year. Digital sales, which have been increasing steadily and grew 8.4 percent in 2011, squeaked past physical album sales to total 50.3 percent of all music purchases.
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The business savvy of immigrants
Immigrants founded nearly half of the top start-ups in the U.S., according to a new study. Of the top 50 venture-backed companies today, 23 have at least one immigrant founder. Thirty-seven of the 50 companies employ an immigrant in a key management position, such as chief technology officer.
Reuters.com
The Kate Middleton Effect
Retailers are taking the Kate Middleton Effect to the bank. After the newest member of the British royal family was seen several times last year in dresses by British retailer Reiss, the company reported a near doubling of profits for 2011.
London Telegraph
China's luxury car market
China has become the world’s leading market for both Lamborghinis and Rolls-Royces. Wealthy Chinese bought more of the luxury car brands last year than anyone else in the world.
Los Angeles Times
A poor market for architecture majors
College students may want to think twice before studying architecture, according to a new study from Georgetown University. Unemployment for recent college graduates is highest among architecture majors, at nearly 14 percent, thanks to the collapse of the housing market.
The New York Times
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5 cracking cartoons about the new Cracker Barrel logoCartoons Artists take on MAGA designs, real issues, and more
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Should you downsize for retirement? Here's what to consider.The Explainer Moving to a smaller place may seem easier, but there are also some real benefits to staying put
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What to do if you want to move but don't want to give up your low mortgage ratethe explainer 30-year mortgage rates are currently averaging 7% — and homeowners who secured rates closer to 3% during the pandemic are reluctant to sell their homes
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The bottom linefeature Fewer jobs, bigger paychecks on Wall Street; Home as the primary workplace; Revenue up in the music industry; The success of community college graduates; Millennials mind their debt
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The bottom line
feature Cattle prices hit a record high; The top 1 percent's new tax rate; The rising cost of college textbooks; Carbon emissions fall; Which microwave would you buy?
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The bottom line
feature Americans prefer bonds; The high cost of patent lawsuits; The price of gas in California; India's stock market takes a beating; The IMF issues a warning
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The bottom line
feature Real estate near good public schools; Travel agents make a comeback; Amazon takes on Home Depot and Staples; People receiving disability benefits at record high; How important are high-paying careers?
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The bottom line
feature China's wealthy lawmakers; Google's move into TV; Fastenal tops Apple and Microsoft; Sheldon Adelson's big bets; Housing prices in Detroit move up
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The bottom line
feature JPMorgan Chase surpasses BofA; Are the protestors right?; A weak market for music; Italy's debt; Residence visas for wealthy foreigners
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The bottom line
feature AIG repays last of $85 billion loan; Fewer Americans own homes; Credit-card interest rates peak; Consumers hoard the incandescent; Lenders return to commerical property
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The bottom line
feature Default rate on corporate debt falls; Business travel is up; Gold reaches a record high; Hunting industry reaps billions; Average credit card debt drops