The bottom line
▪ Wisconsin won’t break even on a White House– brokered deal to bring a Foxconn factory to the state for at least 25 years, according to the state’s nonpartisan fiscal bureau. Wisconsin has promised $3_billion in incentives to the Taiwanese electronics company. The analysis assumes that the factory will employ 13,000 people by 2021.
▪ More than half of America’s 233,000 industrial robots are located in 10 states in the Midwest and South, according to a report by the Brookings Institution. Michigan has the most, with 28,000 robots, followed by Ohio (20,400) and Indiana (19,400).
▪ Hollywood’s 14 highest-paid male actors all made more money over the past year than its top-earning actress, Emma Stone, who earned $26_million pre-tax between June 2016 and June 2017. The top 10 actors earned a combined $488.5_million, nearly three times as much as the 10 top actresses.
▪ Shareholders brought 131 class-action securities lawsuits against public companies during the first half of this year, the highest number on record. Investors are allowed to sue firms for losses if they think a company or its employees have misled them about material information.
The Wall Street Journal
▪ Americans ages 18 to 34 are now the largest group of homebuyers, according to real estate listing site Zillow. Millennials made up 42_percent of homebuyers last year, with almost half putting down roots in the suburbs.