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Evergrande Tycoon Crossed a Red Line When Wealth Funds Ran Dry
Evergrande Tycoon Crossed a Red Line When Wealth Funds Ran Dry
China Evergrande Group wiped out international investors, roiled financial markets and left thousands of suppliers in the lurch.
2023-09-29 15:29
Intel spends $33 billion in Germany in landmark expansion
Intel spends $33 billion in Germany in landmark expansion
By Friederike Heine, Supantha Mukherjee and Andreas Rinke BERLIN/STOCKHOLM (Reuters) -Intel will spend more than 30 billion euros ($33 billion)
2023-06-20 00:50
Albertsons Companies Foundation Raises Nearly $6 Million Through Customer Donations to Connect Neighbors in Need with Federal Nutrition Programs
Albertsons Companies Foundation Raises Nearly $6 Million Through Customer Donations to Connect Neighbors in Need with Federal Nutrition Programs
BOISE, Idaho--(BUSINESS WIRE)--Oct 24, 2023--
2023-10-24 21:21
ECB’s Knot Says 2024 Rate-Cut Bets May Have to Be Adjusted
ECB’s Knot Says 2024 Rate-Cut Bets May Have to Be Adjusted
European Central Bank Governing Council member Klaas Knot said it’s “not unlikely” that investors will have to adjust
2023-06-01 16:49
UK Inflation Data Set to Fuel Pressure for More BOE Rate Hikes
UK Inflation Data Set to Fuel Pressure for More BOE Rate Hikes
British households and businesses are bracing for UK inflation figures on Wednesday that are expected to keep the
2023-07-18 13:18
Troubled Landlord Adler Takes $1 Billion Hit From Restructuring
Troubled Landlord Adler Takes $1 Billion Hit From Restructuring
Adler Group SA reported a €971 million ($1.06 billion) operating loss for the first nine months of the
2023-11-28 15:49
BOJ Is Said to See Little Need to Tweak Yield Control Now
BOJ Is Said to See Little Need to Tweak Yield Control Now
Bank of Japan officials see little need to adjust its yield curve control program at a policy meeting
2023-06-09 16:51
Hong Kong Pollster Plans to Stop Publishing Some Survey Results
Hong Kong Pollster Plans to Stop Publishing Some Survey Results
Hong Kong’s main pollster plans to stop publishing survey results of some subjects, which may include the 1989
2023-06-21 12:46
Tickets for Taylor Swift's Eras Tour LA shows are on sale for more than $11,000
Tickets for Taylor Swift's Eras Tour LA shows are on sale for more than $11,000
Taylor Swift is playing her last US shows on her Eras Tour in LA this month and as you can imagine there is an unprecedented demand for tickets. For those who missed out during the chaotic Ticketmaster US ticket sales back in January, fans remain determined to hear the popstar's biggest hits and are attempting to bag last-minute tickets for the sold-out shows at SoFi Stadium in Inglewood. Originally, face-value tickets sold for $49 to $449, but according to the LA Times, tickets for the first show were on sale from $800 to a whopping $11,000 each on StubHub. Sign up to our free Indy100 weekly newsletter As the first show is due to take place tomorrow (August 3), tickets are continuing to rocket in price with the most expensive listing currently being priced at $25,677 for floor seats while a Level 1 suite is $102,070. Swifties have since been taking to social media to share their tips on how to secure face-value tickets on Ticketmaster which occasionally releases tickets last minute. @joecurtains how to get eras tour tickets day of for face value on ticketmaster: aka what I did to score floor seats only 2 hours before the show started. hoping this finds the right audience so fans can get in and beat the scalpers #taylorswift #erastour #swifttok #taylorsversion #tserastour #tickets #ticketmaster #erastourphilly #guide #howto #fyp #fypシ @Taylor Swift So who's in charge of the ticket prices? Well, there are a number of different factors at play. Promotors are the ones who officially set the prices and get money from ticket sales, but given it's Taylor Swift we're talking about she would also have a hand in choosing the venues and informing the promotor where to set prices. Venues charge a facility fee for hosting the concert and are paid by the promoters for this role, some venues have exclusive deals with certain promoters while others do not. And then there are the ticket companies like Ticketmaster who sell tickets with dynamic pricing where the price of a ticket changes according to demand - a move that has received criticism (though artists can opt out of this, as Swift did). On top of this, there is also the service fee for buying the ticket online, a processing fee that "covers miscellaneous expenses associated with online ticketing", and a facility charge for the venue to host the shows. According to Ticketmaster, input is given by the artist on the service fee and facility charge. Finally, there are the resellers who purchase tickets with no intention to attend the show but rather buy tickets to turn a profit by making listings on marketplaces like StubHub and SeatGeek. Prices can shoot up as there are no limits as to what the seller can charge. “This is a truly market-driven platform,” StubHub spokesperson Jessica Finn told LA Times. “So this is really about what sellers think that the price, the value of the ticket is, and what buyers think the value of the ticket is, and they effectively agree on it with a purchase... It’s very much a dynamic marketplace, prices go up and down and we don’t meddle with that.” A team of people or software bots can be used by the reseller to nab batches of tickets - hence why Swift decided for her UK tour to do album order presales, get fans to sign up for the general sale, and have staggered ticket sales throughout the day to try and stop bots and resellers. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-02 17:55
Morgan Stanley Bonuses Raise Governance Question, Mayo Says
Morgan Stanley Bonuses Raise Governance Question, Mayo Says
Morgan Stanley’s decision to award $20 million special bonuses to its runners-up for chief executive officer points to
2023-10-31 11:21
UK Economy Is Likely to Fall Further Behind Euro Area Next Year
UK Economy Is Likely to Fall Further Behind Euro Area Next Year
Britain’s economic growth will fall further behind the euro area next year, and inflation will remain stubbornly high,
2023-07-17 12:19
Andrew Tate: Does controversial influencer really own 35 cars? Here's what we know
Andrew Tate: Does controversial influencer really own 35 cars? Here's what we know
Andrew Tate has often displayed his love for cars and owns an absolute beast worth $5.2 million
2023-05-24 19:46