The Fate of The Bookstore

I have fond memories of bookstores.

As a child I would actively seek out bookstores and when I could go inside of one, I would rush the aisles, taking in the scent of the printed page. There was a magic to it, the colors, the titles, thousands of worlds tucked into shelves, waiting to be opened.

That magic has since gone, or that’s how the market is interpreting this mass controversy of where bookstores are headed in the digital age.

In the current day, everyone has a virtual bookstore in their pocket, no one truly needs the bookstore anymore yet it still survives, at least for now.

In 2014, electronic book sales rose to $11 billion dollars while Barnes & Nobles bookstores stagnated and fell off to $4 billion dollars.

That was in 2014.

In January 2017, sales at physical bookstores went down 1.9 percent according to a study by American Booksellers Association.

So where is the book business heading?

It is likely that bookstores will be around for a long time, the decrease in sales is a slow one but even so, it is an apocalypse for booksellers, just waiting to happen.

One day, bookstores will likely become antique shops to a medium foregone by digital media such as e-books and audio-books.

Imagine having to travel an hour to the only bookstore in New York and wandering in, to only find stacks upon stacks of unorganized and fairly expensive books, marketed not as books, but as antiques.

With companies adopting subscription models with promise of deliverance near unlimited books or audio, it is going to be hard to compete.

Luckily for Barnes & Noble, it still has its Nook series and plenty of online e-book presence in the world of book sales.

Time can only tell if this will be enough.

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Dow Jones Takes A Hit On Market Opening Amid Tariff Threats

The stock market ticker is red across the board this morning as investors wait with bated breath for news on Trumps final decision regarding the Tariffs he wants the U.S. to impose on imported metals.

Dow Jones Industrial Average took a hit this pre-market morning after President Donald

Trump announced that the U.S. will begin imposing tariffs on imports of steel and aluminum.

The dow took a dip of 0.29% over the weekend losing the stock 70.92 points in the market as the industry decides how Trump’s tariff will affect manufacturing in the U.S.

S&P 500 is down 0.45% this morning and NASDAQ is down 0.26% following this news.

The market value may rise this morning after Trump announced the Tariffs may be lifted if proper negotiations can be met with NAFTA.

“We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs. Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed,” Trump said on Twitter.

Trump said negotiations are underway and he will lift the Tariffs, at least for Canada and

Mexico if these renegotiations are met well.

President Donald Trump announced Thursday that the U.S. will begin to impose tariffs on steel and aluminum, a move many are deeming detrimental to american consumers and businesses.

Trump said he would impose a 25% tariff on imports of steel and a 10% tariff on imports of aluminum.

The move was made to boost the U.S. steel industry but it could prove to be a hurdle for businesses that use imported steel and for the consumers who purchase products made with that steel.

The problem? Steel manufactured in the U.S. will be more expensive for businesses.

Businesses that rely on these imports to provide easily accessible products will be hit the most by these tariffs.

The beer manufacturing industry will see an increase of $347.7 million dollars added to their manufacturing costs.

The tariffs could affect consumers in several different ways, the most concerning is if businesses pass the increased production costs onto consumers.

This increase in product cost could cause a major slowdown in consumer spending and result in inflation.

Car consumers are likely to spend almost $200 dollars more for a vehicle if these tariffs are passed.

Investors can only hope that Trump will decide to lower his gaurd on the 
Tariffs and allow steel to be imported without the extra cost.

Snap, Inc. Stocks Plummet $1.3 Billion After Kylie Jenner Leaves App

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Snap, Inc. (SNAP) stocks closed down 6% Thursday after a tweet from Kylie Jenner, suggested she no longer uses the titular app, went viral.

The percentage drop decreased Snap’s market value by $1.3 billion dollars.

This drop comes after a noticeable rollercoaster of market value in Snap after the newest update left users of the app unhappy and crying for a revert to the previous user interface.

“Sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad.”

The tweet by Jenner suggested that she didn’t use the app anymore because of the new interface changes, something that caused over 1.2 million users to petition against.

In a second tweet, Jenner comments that Snapchat is still her first love.

Snapchat is set to release an update that will make the app easier to use by using tabs in the Discover and Friends portions of the app.

Snap closed out at 4.65 percent with market price valuing at 18.00 after hours on Friday.

Smart Lighting Market To Increase $20.98 Billion By 2023

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The smart lighting market’s worth it going to grow to $20.98 billion by the year 2023 according to a report by MarketsandMarkets.

The growth comes as a result of the modernization and development of the smart lighting infrastructure to transform cities into smart cities, along with the reduced cost of LED’s, and the need for low-cost energy systems.

With growing interest in smart lights for use in cities, services will play a major role before and after installation of these smart lighting systems. Installation services, monitoring services, and more will be involved with the upkeep of these systems, while also reducing the cost of energy within the city.

Indoor usage will hold a larger share of the growth in smart light usage, with businesses, residential and office settings adopting the lighting solutions at a quick pace.

Offices will use these lights to better optimize energy costs by turning off lights when they’re not being used, wirelessly, or reducing the level of light to match the needs of each office or room.

The largest adopter of smart lighting solutions is in the Asia-Pacific (APAC) with increased construction leading to the installation of smart lighting solutions.

The report says that rising government expenditure is largely the reason for the increase in installation of smart lighting, with increased adoption rates due to a need for energy-efficient solutions for public infrastructures.