6 Most Important Things in Business Today

By Douglas A. McIntyre Updated Mar 13, 3:55PM EDT · Published Sep 13, 5:00AM EDT

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6 Most Important Things in Business Today — © Thinkstock

The International Energy Commission reported that disruptions in oil supply due to Hurricane Harvey will slowly end and the effects on the overall global market will be modest and short lived. Its experts wrote:

Before the storm hit Texas, commercial stocks in the US and in the Gulf Coast region were at comfortable levels. This was a good thing because the estimated loss of refinery output in September of about 1.6 mb/d has only partially been offset by lower demand. Loans to refiners from the US Strategic Petroleum Reserve as well as the availability of surplus European gasoline ensured that the Gulf Coast and areas of the US dependent on it were well covered, as was Mexico

According to The Wall Street Journal, Bain has signed an agreement to buy Toshiba’s chip business.

Median household income rose for the second year in a row, according to new Census data. At the same time, the U.S. poverty rate declined.

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Apple Inc. (NASDAQ: AAPL) launched its first $1,000 iPhone. The iPhone X, bristling with new features, will be priced at $999 as a starting point.

JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon became the most recent financial executive to attack Bitcoin. He called it a fraud.

According to Bloomberg, Amazon.com Inc. (NASDAQ: AMZN) may pick Boston as its second headquarters. The new agency’s editors reported:

Several senior Amazon.com Inc. executives advocate putting a second headquarters in Boston, according to a person briefed on the matter.

Last week, Amazon unveiled plans to open a new base and invited states and local governments to submit proposals. While other cities may ultimately win out, Boston is being considered for its proximity to Harvard University and Massachusetts Institute of Technology, an airport with nonstop flights to Seattle and Washington, D.C., and a lower cost of living than many other big cities, said the person, who requested anonymity to discuss an internal matter.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.