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Love, Lies and Money: Study Introduces, Defines and Measures Financial Infidelity

Romantic relationships are built on trust — yet when it comes to money, even faithful partners are not always honest about their spending and saving habits. New research from the University of Notre Dame introduces the concept of financial infidelity — engaging in any financial behavior likely to be frowned upon by a romantic partner...

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How Religion Can Heighten or Help with Financial Stress

Churchgoers who are strapped for cash may experience a spike in anxiety when the donation plate is passed. However, knowing they have a church family to support them in times of need may help ease their money worries. A new study by University of Arizona researcher Ashley LeBaron illuminates the ways in which religious involvement...

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Alibaba’s $38 Billion-Plus in Single’s Day Sales Top Last Year in New Record

Concerns abound about whether Chinese consumers will continue to splurge on luxury goods and other “non-essential” items, with Sanford C. Bernstein revealing “weakening discretionary spending” and “more muted” demand from Chinese customers, thereby, suggesting that “the luxury-goods sector may be close to a ‘temporary plateau.’” While such news does not bode well for luxury brands, according to...

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Drunk and Stoned… and On Instagram

Once upon a time you could become drunk and afterward, people might gossip about your oafish escapades but it more or less stopped there, unless you broke a law. Or you got stoned and did clumsy, stupid things, but the news didn’t travel too far. Perhaps a few photographs would be shared, especially if you...

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Lowest-Paid Workers Have Longest Retirements

The lowest-paid workers in the UK have three more years of retirement on average compared to their professional counterparts, but are more likely to suffer ill health after stopping work, a new UCL-led study suggests. The study, published in the Journal of Epidemiology and Community Health, examined the length of time between stopping work and...

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Study Shows Shoppers Reject Offers Made Under Time Pressure

Giving consumers short time limits on offers means they are less likely to take them up, according to new research. Making time-limited offers is a common retail pricing strategy. Examples include the doorstep seller who claims that they are currently ‘in the area’ but will not be returning; the telephone seller who makes a ‘special...

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What Is Pepper Spray?

Whether it’s walking down a dark street at night or fighting off grizzly bears on the trail, pepper spray is an effective tool to fend off an attacker and get safely away. But have you ever thought about what gives this personal-defense-in-a-can its bite – is it just weaponized hot sauce? The American Chemical Society...

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Hermès Brought in $3.63 Billion in Sales for the First Half of the Year

Hermès’ revenues are on the rise again. The Paris-based luxury brand revealed this week that for the first half of the year, revenues were up 15 percent from the same 6-month period last year to $3.63 billion, while net profit (i.e., dollars earned after subtracting operating expenses, interest, taxes and preferred stock dividends) rose to...

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The Evolution of Walmart and its Quest to Become an e-commerce Powerhouse

For decades, Walmart solidly held the reins as the largest retailer in the world. The Bentonville, Arkansas-based multinational retail corporation’s competition trailed far behind and it could afford to focus almost exclusively on its roots as a big-box retail chain, selling low-priced staples, such as laundry detergent, paper towels, bottled water, groceries, and even apparel...