FEATURE : LONDON FASHION IS CHANGING
22 January, 2016 Friday
GEORGE SOROS: The world is running into something it doesn’t know how to handle read more…
The State of Artificial Intelligence. Hubo the robot continues to draw the crowds here at Davos.
Where did the stock market close?
DJIA 15882.68 +115.94 0.74%
Nasdaq 4472.06 +0.37 0.01%
S&P 500 1868.99 +9.66 0.52%
Gold 1101.80 -4.40 0.40%
Crude Oil 29.81 +1.46 5.15%
CBOE Volatility 26.69 -0.90 3.26%
Where did the bond market close?
|Most recent issues|
Please tell me what happened.
from The Street
Stocks Close Higher After a ‘Classic Tug of War’
It was another unpredictable day on Wall Street. Stocks wavered between a much-needed rally and slight losses for much of the session before settling higher.
The S&P 500 was up 0.52%, the Dow Jones Industrial Average added 0.74%, and the Nasdaq was flat.
Stocks edged further from a bear market, though remained in correction territory, with the S&P 500 down 12.4% from 52-week highs and the Dow having fallen 13.5%.
What are today’s headlines?
Oil Prices Notch Biggest Percentage Gains Since October read more…
Airbnb Takes Its Case to U.S. Mayors Conference
Now free to sell oil, Iran has set itself a huge goal. But are its oil fields in condition to reach it? read more…
Russian Ruble Plunges Deeper Against US Dollar After Central Bank Indicates It Won’t Intervene read more…
Davos 2016: Soros says Donald Trump is doing the work of ISIS – live read more…
Davos 2016 live: Europe warns of Brexit ‘disaster’ but David Cameron ‘not in a hurry’ to get EU deal read more…
STOCKS – SECTORS – IPO BUZZ
- IBM (IBM) climbed 1% after agreeing to acquire video streaming company Ustream as it boosts its corporate video services. The tech company said the new acquisition will appeal to corporate clients looking to produce video for purposes such as marketing and webinars. No financial amount was disclosed.
- Kinder Morgan (KMI) climbed 15% despite reporting an unexpected quarterly loss in the face of a collapsing commodity market. The company reported a loss of 29 cents a share on revenue of $3.64 billion. Analysts were expecting earnings of 18 cents a share on $3.9 billion in revenue.
- Deutsche Bank (DB) tumbled 4% after announcing it expects an annual loss of 6.7 billion euros ($7.3 billion) for 2015, compared with a net profit of 1.69 billion euros the previous year. Germany’s largest bank blamed the wider-than-expected loss on further litigation charges. Deutsche Bank will report earnings at the end of the month.
Turning Point | Ostwald Helgason from BoF
LONDON, United Kingdom — After several seasons of struggling to stage shows and increase traction with retailers, East London-based Susanne Ostwald and Ingvar Helgason’s collection of simply tailored, playful women’s clothes is firmly on the ascent. But how and where did things take such a positive turn? How did Ostwald Helgason, the fledgling label from Hackney Wick, go from years of false starts to a prominent and rising position on the global fashion radar?
“What is your market? Where do you sell? Who is interested in your stuff?”
The answer was unequivocal: “The Americans,” said Helgason. Suddenly, the picture was very clear. read more…
BIZ OF FASHION FRIDAY
London’s Fashion EvolutionOver the past decade, a group of largely independent designers, including Erdem, Christopher Kane and Jonathan Saunders, has changed the London’s style from wild child to grown-up glamour. Now they are starting to reap the rewards
These days, there is more to British design than the punkish provocation and unwearable experimentation for which it was once known. Instead, fashion designers are remodeling themselves as savvy entrepreneurs building businesses that bridge the creative-commercial gap. They have their sights set on becoming global luxury brands, complete with retail stores, e-commerce and products in a wide array of categories, including eyewear, handbags and shoes read more…
Photo: Firstview.com (6)
A self-made millionaire says the single most effective way to get rich is a simple decision most people don’t make read more…
“If you want to be rich, all you have to do is make a decision to do something that most people don’t do,” writes David Bach, who became a millionaire by age 30, in his book “The Automatic Millionaire.”
That decision is to pay yourself first. read more…
LONDON, United Kingdom — Our Monday Motivation contains curated career advice from leading executives, entrepreneurs and creatives in conversation with BoF. Today’s mantra comes from Gabriele Hackworthy, editorial fashion director at Net-a-Porter (read the full interview here):
This Week on BoF Careers: Galeries Lafayette, LuxHub, Ruifier
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent. read more…
See you back on Monday! Have a great weekend.
Buzzing off for today. Back in the morning with more biz.
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