Friday 06.23.17

“The thing about seeing the big picture and being self-aware is knowing that it's not about you. It's about the big picture. It's not about you. It's not. This is not about you." - Jimmy Iovine


Etihad Wants You to Pay For Its Empty Seats Etihad Airways will let economy passengers coveting more elbow room bid online for adjacent seats as the Abu Dhabi-based carrier explores new ways to generate revenue in a tough market.  - Bloomberg

Amazon’s vision for the future: delivery drone beehives in every city In a patent application published yesterday, Amazon described how “multi-level fulfillment centers for unmanned aerial vehicles” could help put drones where they’re needed.  - The Verge

Sears is closing 20 more stores — here's the full list Sears Holdings is preparing to close 20 more stores in the United States. That's on top of 245 closings already announced, and these additional closings bring the company's store count down to about 1,180.  - Business Insider

All banks pass this year's stress tests All 34 lenders subjected to the Fed stress tests exceeded the minimum projected capital and leverage ratios under the severely adverse scenario. It's the third consecutive year there have been no banks failing.  - Seeking Alpha

Arab states demand Qatar closes Jazeera, cuts back ties to Iran Four Arab states boycotting Qatar over alleged support for terrorism have sent Doha a list of 13 demands including closing Al Jazeera television and reducing ties to their regional adversary Iran, an official of one of the four countries said.  - Reuters

Today will be one of the biggest – and busiest – trading days in the U.S. equity market Investment managers will be adjusting their portfolios in accordance with the Russell Reconstitution, the annual change in the FTSE Russell investment indices, which occurs after the close this year on June 23rd. The Russell 1000, Russell 2000 and Russell 3000 are among the most widely followed U.S. indices, with an estimated $3.8 trillion in assets tracking the benchmarks  - Traders Magazine

Brexit: Theresa May promises to let 3 million EU citizens stay in UK Theresa May has played her opening gambit of Brexit negotiations, telling European leaders she will offer some three million EU citizens a new ‘settled status’ allowing them to stay in Britain if they have lived here five years.  - Independent

To diversify their business, Ritz Carlton is the first hotel chain to launch a yacht/cruise experience. RC, give us a ring. We're happy to test-relax on this puppy in exchange for some prime newsletter placement. 
If you enjoy New Library, please share this link with your smart friends.

Got ideas, wanna chat, business stuff?: