SWB Biz Digest & Biz of Fashion Friday

 FEATURE:  Biz of Fashion

 

tiffany

15 January, 2016  Friday


LEAD STORY


Energy leads Wall Street rebound; S&P has best day since December read more…

Traders work on the floor of the New York Stock Exchange January 14, 2016. REUTERS/Brendan McDermid


NOTEWORTHY


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…

media millionaire

 


  This tiny, 420-square-foot New York City apartment can be transformed to have more than twice the space see the results… 

small apartment


 MARKET BUZZ


Where did the stock market close? 


Where did the bond market close?

Treasury Bills, Notes and Bonds
Most recent issues
Maturity % yield Change
At 2:00 PM ET
Data delayed by at least 15 minutes
3-month 0.2492% +0.0252
6-month 0.4228% –0.0362
2-year 0.91% +0.0002
5-year 1.54% +0.0275
10-year 2.12% +0.0494
30-year 2.91% +0.0616

 

 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%.

 read more from The Street…


What are today’s headlines?

wsj iconWall Street Journal

U.S. Stocks Climb in Volatile Trading  read more…


newyorktimesiconsNew York Times

From Tesla, a New Car Smell That Vegans Can Get Behind  read more…


bloomberg business iconBloomberg Business  

Fed’s Bullard Says Oil’s Fall May Delay Inflation Return to 2%  read more…


guardian iconThe Guardian

Stock market’s 2016 rout has tech firms reeling – and may prove fatal for some  read more…


telegraphiconThe Telegraph 

Bank of England keeps interest rates unchanged as financial volatility hints at global growth risks  read more...


STOCKS – SECTORS – EARNINGS


Major oilers Exxon Mobil (XOMGet Report) , Chevron (CVXGet Report) , ConocoPhillips (COPGet Report) and Royal Dutch Shell (RDS.AGet 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.


INVESTING-EDUCATION


investopediaicon

Investopedia

The Top Consumer Defensive Stocks of 2016


BIZ OF FASHION FRIDAY


Here’s the hottest new trend in men’s formal wear

The Black Tux's navy blue tuxedo is one their most popular tux rentals.

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

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:

tiffany

How Tiffany found its Twitter voice read more from Digiday…


barneys

Behind Barneys’ Cutting-Edge Return to Its Old Neighborhood read more from Vanity Fair…


David Gandy

London Collections Men: a capital affair  read more from Telegraph.co…

 

 


 CAREER BUZZ


Bradford Shellhammer’s New Company, Bezar, Launches Today  read more…

Beza

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…


STRATEGY BUZZ


 72% of people get their best ideas in the shower — here’s why

showering

“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


Matches Fashion

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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