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Although other cities have more famous (now defunct) stockyards, Oklahoma City now has the world's largest active stockyards . So I guess we are the "center" for eatin' cows.
New York: Finance, Fashion and Media
Los Angeles: Cinema and Pop Culture
Chicago: Agriculture and Food Companies
Washington: Government and Politics
San Francisco: Tech, Startups and Patents
Boston: Education, Healthcare and Life Sciences
Houston: Oil and Natural Geosciences
Miami: International Banking
Orlando: Tourism
Las Vegas: Gambling
Off the top of my head.
But to just as reputable and advanced cities like Philadelphia, Charlotte, Minneapolis, Dallas and Denver.. I cant think of a broad industry to categorize it as a hub of even though multiple industries dominate it.
Last edited by masssachoicetts; 02-11-2020 at 11:51 AM..
If using the definition of a center or hub for a certain industry means that if you're in that industry you pretty much need t go through that center if you're going to be successful. Example, if you're in finance, you'll be in NYC or working with firms in NYC or some connection with NYC if you're going to be successful. By that definition, the following are the centers:
- NYC - traditional finance
- SF - All things internet and computer technology; venture capital
- LA - movies, pop culture
- Houston - oil, energy
- DC - Federal gov't
The others are not 'centers' by this definition. Boston is a leader in education with a number of top universities, but you can get a great education or work in the field without any connection to Boston, as an example.
Chicago is now the center of agricultural and foodstuffs companies. The industry has strongly centered around Chicago with Archer Daniel Midlands, Mondelez International, US Foods, ConAgra, Univar, Treehouse Foods, Ingredion, and Kraft Heinz all headquartered in Chicago or the metropolitan area. Along with these are smaller players ans the subsidiaries of large corporations in the field also having headquarters in the area. If you eat in the US, and most people living in the US do, and especially if you eat any packaged foods, chances are a Chicago area company was somewhere in the production or distribution.
Yep. Also it's the center of Futures and also technically options trading
Yep. Also it's the center of Futures and also technically options trading
lol its hillarious how brokers like Robinhood and WeBull offer options trading now. I wonder how many 18 year old (or younger) kids are buying calls and puts, affecting the market
Thanks Silicon Valley for helping to produce gems like this one.
lol its hillarious how brokers like Robinhood and WeBull offer options trading now. I wonder how many 18 year old (or younger) kids are buying calls and puts, affecting the market
Thanks Silicon Valley for helping to produce gems like this one.
Options are not something I mess with lightly at all. I have multiple friends and former neighbors in Chicago who did it for a living for companies and made tons of money. So easy to lose money too. They've told me stories about people at work losing $1M instantly.
I think if you are in the finance world itself, you know that Chicago is the center of options and futures trading technically. From a professional trader perspective on options whether hedge funds, high frequency trading firms, etc.. the current amount in Chicago is equal or more of that in NYC. It's kind of a niche market but at the same time, you can make so much money at a young age this way
Chicago Board of Trade (CME Group) is big time responsible for setting the prices on a ton of things that affects everyone in the country in one way or another.
Options are not something I mess with lightly at all. I have multiple friends and former neighbors in Chicago who did it for a living for companies and made tons of money. So easy to lose money too. They've told me stories about people at work losing $1M instantly.
I think if you are in the finance world itself, you know that Chicago is the center of options and futures trading technically. From a professional trader perspective on options whether hedge funds, high frequency trading firms, etc.. the current amount in Chicago is equal or more of that in NYC. It's kind of a niche market but at the same time, you can make so much money at a young age this way
Chicago Board of Trade (CME Group) is big time responsible for setting the prices on a ton of things that affects everyone in the country in one way or another.
Yeah to me, options trading is no different than going to a casino and gambling the traditional way. In fact, its a lot easier to guess what would happen sports betting as opposed to say - how the market would react to an earnings report or a new product line.
Its hard to basically bet on 1) price and 2) price within a certain time period without a certain amount of insider knowledge (which is illegal under 10b-5). I don't work in finance, but I can imagine that guessing both things is hard since the market is so hard to predict. The video I posted is some kid literally investing in options using margin, which is so stupid for so many reasons, but that's Robinhood for ya!
They really need to move options trading to CST as opposed to EST because of the power the CME has. I also think they set the prices of commodities, which is very important.
Man just talking about options makes my skin crawl lol
I am glad that I am not the only one who thinks that. I think we agree on more than I once thought.
I also agree with that.
I read that the city of Memphis kind of put in a weak, sort of not so strong bid, and Cleveland got it.
It should definitely go to Memphis, in my opinion. Cleveland is all American and has a strong rock history, but really the only thing music-related in modern times to the city that the wider public is truly aware of is the hall of fame museum.
Good link on why Cleveland was in the running. Leo Mintz coined the term in Cleveland. So they have a good case, but some may argue it's a bit too technical a reason. :/
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