Everything is a service, these days. Here's investor Mikal Khoso:
Today you can rent living space flexibly based on your needs (AirBNB, Stoop), commute from that space without ever buying a car (Wheels, Uber, Lyft), rent clothes to fill your closet (Le Tote), rent specific appliances based on your needs (Joymode) and rent the furniture you fill your apartment with (Fernish).
Why it matters: There's a lot to be worried about in this brave new world where our entire lives are dominated by rentiers, even if investors like Khoso have managed to persuade themselves that everybody wins.
CNN is significantly expanding their partnership with Twitter to better serve advertisers on the platform, where user growth is booming for the global news brand.
Why it matters: The partnership gives advertisers the opportunity to buy ads around the most buzzworthy Twitter videos from CNN, like a hot one-liner from a presidential debate or a dramatic moment during an exclusive interview.
More than a dozen booksabout Trump's Washington are on the way from prominent journalists who signed lucrative deals, with a subgenre of five major books that are entirely or partly about Supreme Court Justice Brett Kavanaugh.
The big picture: One reason for the burst of books — money. Publishers are paying big advances, for some nearing or topping $1 million. "Trump has dominatedeverything else, so it only makes sense that that would include the publishing industry," said Matt Latimer of Javelin, a literary agency that has handled James Comey, Cliff Sims and other hot names.
During her opening monologue on Saturday, Fox News host Jeanine Pirro insinuated that Rep. Ilhan Omar's (D-Minn.) use of a hijab could be "indicative of her adherence to Sharia law, which in itself is antithetical to the United States Constitution."
The U.S. and China have reached a consensus on "many key issues" in the latest round of trade talks, the Chinese Xinhua English reported early Sunday.
Details: People’s Bank of China Governor Yi Gang told a news conference during the National People's Congress annual legislative session the two parties discussed how to respect the autonomy of each other's monetary authorities in determining monetary policy, the state-run news agency said. “We stress that we will never use the exchange rate for competitive purposes, nor will we use it to boost China’s exports,” Yi said, according to the Associated Press.
"Born in the ashes of the financial crisis, Wall Street’s oldest-ever bull market turns 10 years old [today], with the S&P 500 tripling in value," Reuters reports.
Reality check: The index's post-crisis low close was 676.53 on March 9, 2009; yesterday it closed at 2,743.07.
A plunge in U.S. jobs growth suggests that the party is nearing its end for American workers, who have enjoyed their best employment conditions in a half-century.
What's happening: At 20,000 new jobs, reported Friday by the Labor Department, the economy produced far fewer positions last month than required to absorb 60,000–80,000 new entrants to the workforce, such as high school and college graduates.
