Economics

No, Swifties are not getting exploited by Ticketmaster.

Taylor Swift's upcoming US tour of 52 concerts has all the ingredients of a post-Covid demand shock. Some resellers reportedly asked $40,000 or more for concert tickets following last week's run on official sales, which left millions empty-handed and ready to pay whatever it takes to score a seat. Augusta Saraiva has more on "Bloomberg Triple Take." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en

The Rose Bowl faces possible exclusion from the expanded College Football Playoff if the bowl can't agree to terms before a Wednesday deadline, sources told ESPN's Heather Dinich.

WHY THE U.S. MUST BREAK THE GRIP OF HUGE MONOPOLIES IS MONOPOLY A JUSTIFICATION FOR GOVERNMENT REGULATION? AVAILABLE RESOURCES les

Enroll now in our free online course on poverty and inequality in the United States: thepovertycourse.lagunita.stanford.edu

Singles are spending $117.4 billion on dating every year

The rise of e-commerce in recent years has taken its toll on in-person shopping, felling brick-and-mortar stores and once popular malls in the process.

Purchases on electronics led the way, soaring by 221% compared to an average day in October.

Holiday shoppers could struggle to find the tech giant's new iPhone as COVID-19 surge in China hampers production.

A tight labor market tends to raise wages and lower unemployment, but an overly tight labor market can cause inflation. Labor market momentum, as measured by the Kansas City Fed Labor Market Conditions Indicators (LMCI), can signal whether the current level of activity in labor markets is inflationary.

Fed Chair Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.

Paramount indicated that it would still seek to unload Simon & Schuster, despite the Penguin deal falling apart.

But the new businesses will have to compete with everyone who’s already selling pot.

Question of the Day for teachers and students: How Much Money Does The Average Person Spend On Video Games and Accessories?

The White House's Thanksgiving practice doesn't go back as far as you might think and has been sustained by a special interest group — the turkey lobby.

Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion. Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall. Illustration: Alexandra Larkin News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news. FTX’s Collapse: The Three Key Points on the Largest Crypto Bankruptcy Ever: https://youtu.be/kCM-agH1aGM #WSJ #FTX #crypto

We strive to make ticket buying as easy as possible for fans, but that hasn’t been the case for many people trying to buy tickets for Taylor Swift | The Eras

A lot of people are talking about Ticketmaster recently, but their market power on buying and selling ticket will likely result in some talks at the Department of Justice as well.

If you’re teaching opportunity cost, this is a great clip to show the value of time. Homer waits in line 8 days to grab a coveted ticket to an event. A passerby accurately notes that the Home…

Will the FTX failure drag financial markets down? The short answer to this question is “no.” The total market capitalization of cryptocurrencies is $890 billion, compared to a $41 trillion market capitalization for US equities. This crypto market is relatively small and “siloed.”   EconExtra is a series of posts that go beyond the textbook, helping you incorporate current events into your classroom. This week: market structure, corporate structure and regulation.

FTX operated outside the confines of traditional regulations, and its customers are unlikely to recover their funds, says Semafor's Liz Hoffmann.

We have been boxed into this terrible future where the only way to consume live music from popular artists is to pay an inefficient, barely functioning middle man, and say thank you.

Paramore is using Ticketmaster's mobile-only ticketing options to limit the prevalence of ultra-expensive resale passes at its upcoming tour.

Ticketmaster has been a thorn in the side of entertainers and fans alike for years.

In early November, Hays Culbreth’s mother sent a poll to a few family members. She said she could only afford to make two sides for their group of 15 this Thanksgiving and asked them each to vote for their favorites.

Your Thanksgiving meal with all the trimmings is expected to cost 20% more than last year.