Wells Fargo, JPMorgan Chase and Citigroup each recorded a rise in second quarter profits in their consumer divisions (Credit: iStock) Spurred by low interest rates, consumers are taking out more mortgages, bolstering the profits of banks’ consumer divisions. But forecasted cuts by the Federal Reserve have Wall Street trading down. Wells Fargo, JPMorgan Chase and […]
Investors bet on restaurants’ move to delivery-only
Uber founder Travis Kalanick (Credit: Getty Images and iStock) Startups are trying out a new model for restaurants in the age of food delivery: shared kitchens in warehouse spaces with limited storefronts. The move could solve a quandary that has long plagued the restaurant industry: profit margins for delivery are thin, and restaurant space comes […]
A wave of venture capital is pouring into construction tech sector
An office built in a shipping container Investment in the sector totaled $6.1 billion last year, nearly double what was invested in 2017 and a 1,632 percent increase from the $352.1 million invested in 2016, according to the Wall Street Journal. So far this year, around $4.3 billion has been invested in construction tech, putting […]