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• Read the pitch deck that business travel startup Lola used to secure $37 million in funding Summary List PlacementLola.com CEO Mike Volpe thinks business travel on the whole is just horrible – but he saw that as a big business opportunity. Lola focuses on making it easier for medium-sized companies to manage corporate travel arrangements. Companies use the service to authorize employees to make travel-related purchases and set their own policies for those purchases. Employees then use the custom Lola experience to book work-related trips. The Boston-based company is competing in an increasingly crowded space, but Volpe thinks Lola has another edge over rivals: its deal with American Express Global Business Travel, one of the largest…
• Global shares fall as caution sets in after Wall St retreat Global shares were lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares. France's CAC 40 fell nearly 0.7% in early trading to 4,770.81. Germany's DAX dipped 0.5% to 12,585.12. Britain's FTSE 100 shed 0.7% to 5,857.35. U.S. shares looked set to drift lower, with Dow futures falling 0.2% to 26,633. S&P; 500 futures slipped 0.2% to 3,224.88. Market players are feeling less optimistic about action from the U.S. Federal Reserve and Congress to help the U.S. economy amid the distractions of the presidential election and the battle over the Supreme…
• Global shares fall as caution sets in after Wall St retreat Global shares were lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares. France's CAC 40 fell nearly 0.7% in early trading to 4,770.81. Germany's DAX dipped 0.5% to 12,585.12. Britain's FTSE 100 shed 0.7% to 5,857.35. U.S. shares looked set to drift lower, with Dow futures falling 0.2% to 26,633. S&P; 500 futures slipped 0.2% to 3,224.88. Market players are feeling less optimistic about action from the U.S. Federal Reserve and Congress to help the U.S. economy amid the distractions of the presidential election and the battle over the Supreme…
• Tiny Rubik's Cube goes on sale in Japan for anniversary A tiny but playable Rubik’s Cube, so little it fits on your fingertip, has gone on sale in Japan for 198,000 yen, or about $1,900, for delivery starting in December. Billed as a “super-small” Rubik’s Cube, it was created to mark the 40th anniversary of when the original 3-D puzzle went on sale in Japan. The cube measures just 9.9 millimeters, or O.39 inch, by 9.9 millimeters, and weighs 2 grams (less than a tenth of an ounce). It’s made of “ultra-precision metal,” and comes with a box for its display, according to MegaHouse Corp., a subsidiary of Tokyo-based toymaker…
• The US is facing a dollar collapse by the end of 2021 and over a 50% chance of double-dip recession, economist Stephen Roach says Summary List Placement The US dollar will collapse by the end of 2021, and the economy can expect to face a more than 50% chance of a double-dip recession, economist Stephen Roach said on CNBC.  Historically, the US has seen economic output rise briefly and fall back lower in 8 of the past 11 business cycle recoveries, Roach said.   Grim data from the second-quarter this year cannot be dismissed, because "the current account deficit in the United States, which is the broadest measure of our international imbalance with the rest of the world, suffered a record deterioration," he said. Roach…