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Finance & Markets

Hochstein: Markets Should Be Cognizant of Strike Risk

Oil is steadying after a sharp drop as hopes build that the US and Iran could be moving closer to a negotiated settlement. Amos Hochstein, managing partner at TWG Global and a former adviser to President Joe Biden, says markets should remain prepared for the possibility of further strikes even as talks continue. (Source: Bloomberg)

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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The economics of tips

Tipping is large and growing, but we know little about its consequences for workers and firms. We link point-of-sale and payroll records at 20,000 U.S.

  • Tipping accounts for nearly constant revenue share in U.S. firms
  • Hourly wages tied to overall firm revenue, reduced by 23-33 cents per dollar of tips
  • Tips reward worker effort, boost productivity per hour worked

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