FEATURE: Biz of Fashion
15 January, 2016 Friday
Energy leads Wall Street rebound; S&P has best day since December read more…
I went for a ride with the 25-year-old millionaire media CEO who drives supercars for a living — and still lives with his parents read more…
This tiny, 420-square-foot New York City apartment can be transformed to have more than twice the space see the results…
Where did the stock market close?
DJIA 16379.05 +227.64 1.41%
Nasdaq 4615.00 +88.94 1.97%
S&P 500 1921.84 +31.56 1.67%
Gold 1077.20 -9.90 0.91%
Crude Oil 31.15 +0.67 2.20%
CBOE Volatility 23.97 -1.25 4.96%
Where did the bond market close?
|Most recent issues|
|At 2:00 PM ET
Data delayed by at least 15 minutes
Please tell me what happened.
from The Street
What Bear Market? Stocks Stage Major Rebound
What happened to the bear market?
With all the gloom and doom on Wall Street, stocks seemed headed for yet another horrendous selloff on Thursday.
Instead, the market surprised everyone (as it tends to do) and staged a big rally.After an unsteady start, stocks gained strength and actually turned positive for the week. The S&P 500 closed up 1.62%, the Dow Jones Industrial Average climbed 1.3%, and the battered Nasdaq jumped nearly 2%.
What are today’s headlines?
U.S. Stocks Climb in Volatile Trading read more…
From Tesla, a New Car Smell That Vegans Can Get Behind read more…
Fed’s Bullard Says Oil’s Fall May Delay Inflation Return to 2% read more…
Stock market’s 2016 rout has tech firms reeling – and may prove fatal for some read more…
Bank of England keeps interest rates unchanged as financial volatility hints at global growth risks read more...
STOCKS – SECTORS – EARNINGS
Major oilers Exxon Mobil (XOM – Get Report) , Chevron (CVX – Get Report) , ConocoPhillips (COP – Get Report) and Royal Dutch Shell (RDS.A – Get Report) climbed, while the Energy Select Sector SPDR ETF (XLE) added 4.1%.
Goldman Sachs (GS) announced that it will take a $1.5 billion hit in its fourth quarter tied to the settlement of a mortgage-bond case. The investigation had been related to its “securitization, underwriting and sale of residential mortgage-backed securities” around a decade ago.
GoPro (GPRO) tumbled 24% after announcing plans to cut 7% of its workforce as it continues to face weakening demand and disappointing sales. The action camera maker expects to spend $5 million to $10 million in layoff costs. GoPro also said it expects fourth-quarter sales of $435 million, below estimates of $521 million.
The Top Consumer Defensive Stocks of 2016
BIZ OF FASHION FRIDAY
Here’s the hottest new trend in men’s formal wear
Now, the navy tux has virtually blown up in popularity — and not just on the red carpet. Overall, the proportion of navy tuxedos ordered from The Black Tux increased 26% from 2014 to 2015. read more…
As Slowdown Takes Toll, Pressure Grows on Bailey to Transform Burberry
Burberry, whose trench coats and cashmere scarves took Asia by storm, reported a sharp sales slowdown in Hong Kong and China in October, leading the FTSE 100 company to miss sales growth forecasts and warn of an increasingly challenging environment for luxury goods. read more from BoF…
MORE FASHION BIZ:
How Tiffany found its Twitter voice read more from Digiday…
Behind Barneys’ Cutting-Edge Return to Its Old Neighborhood read more from Vanity Fair…
London Collections Men: a capital affair read more from Telegraph.co…
Bradford Shellhammer’s New Company, Bezar, Launches Today read more…
Bradford Shellhammer was soul searching on a beach in Rio. It was February 2014, and all he knew was what he didn’t want to do with his life. “I didn’t have dreams of starting another e-commerce company,” he says. He was too bruised. read more from Fast Company…
72% of people get their best ideas in the shower — here’s why
“The relaxing, solitary, and non-judgmental shower environment may afford creative thinking by allowing the mind to wander freely, and causing people to be more open to their inner stream of consciousness and daydreams,” read more…
JOB OPPORTUNITY BUZZ
Pricing Assistant, MatchesFashion.com
London, United Kingdom
THE ROLE The objective of this role is to understand and analyse international ecommerce ensuring we are competitive and maximising profit across global markets by effectively sourcing manag… read more jobs at BoF…
Buzzing off for today. Back with more biz in the morning.
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