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SWB digest: Fashion in the City

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SWB digest: Fashion in the City

February 11, 2016      In NEWS ASTIR Comments Off on SWB digest: Fashion in the City

FEATURE: BIZ OF FASHION 

gold baloon

12 FEBRUARY, 2016  FRIDAY


DOUBLE DOUBLE TOIL AND TROUBLE


 Chaos on Wall Street: Here’s what you need to know  read more…

wall street


 A CRUDE BREAK ?


This tweet just sent markets spiking higher

this-tweet-just-sent-markets-spiking-higher

 


RELAX AND TAKE A BREAK UNDER WATER


 These ultra-luxurious underwater homes are being built in Dubai  read more…

 
more-than-200-designers-engineers-and-architects-from-25-countries-have-been-working-to-make-the-underwater-fantasy-a-reality


KNOW

WAS IT A GOOD DAY?



KNOW

HOW MUCH WILL I EARN IN INTEREST?


Treasury Bills, Notes and Bonds
Most recent issues
Maturity % yield Change
At 1:30 PM ET
Data delayed by at least 15 minutes
3-month 0.2849% –0.0281
6-month 0.382% –0.038
2-year 0.65% –0.0561
5-year 1.09% –0.0513
10-year 1.64% –0.0694
30-year 2.49% –0.0369

READ

PLEASE TELL ME WHAT HAPPENED


from The Street
Dow Comes Off 400-Point Loss, Crude Slides to 2003 Low

Stocks clawed their way back from session lows, though remained deep in the red on Thursday afternoon as many investors grew skeptical that global central banks can rein in rampant volatility and soothe financial markets.

The S&P 500 was down 1.2%, and the Nasdaq slid 0.49%. The Dow Jones Industrial Average fell 1.6%, or 240 points, bouncing from a 400-point loss earlier in the session.

Crude oil entered another tailspin over concerns of weaker demand and what it spells for the global economy. Commodity traders have also shown concern over a supply glut and the inability of some of the largest oil-producing countries to address it. West Texas Intermediate crude oil fell 4.5% to $26.21 a barrel, their lowest settlement since May 2003.

The U.S. central bank was in the spotlight after Federal Reserve Chair Janet Yellen conceded there is chance of recession in any year, though didn’t make a judgement on whether the U.S. economy is headed that way. Yellen told the Senate banking committee the Fed will make an assessment of the economy at its March meeting.


READ

HERE’S WHAT THEY ARE SAYING


wsj iconWall Street Journal


newyorktimesiconsNew York Times

Four-Day Losing Streak for Market as Economic Concerns Grow  read more…


bloomberg business iconBloomberg Business  

Bear Market Descends on Global Stocks  read more…


IBT-300x300International Business Times

Dow Jones Industrial Average Plunges Amid Sea Of Red In Global Stock Markets  read more…


guardian iconThe Guardian

Stock markets hit by global rout raising fears for financial sector  read more…


telegraphiconThe Telegraph 

Market panic pushes gold buying to highest level since financial crisis  read more…


KNOW

WATCH THESE AT THE OPEN


Financials stocks were the heaviest hit in the selloff Thursday. Banks such as JPMorgan (JPM) , Citigroup (C) , Goldman Sachs (GS)  and Bank of America (BAC) were sharply lower, while the Financial Select Sector SPDR ETF (XLF) slid 3.1%.

Boeing (BA) tumbled 10%, its biggest-ever daily decline, on news the Securities and Exchange Commission had launched an investigation into the aerospace giant.  Regulators are reportedly looking into accounting irregularities associated with expected sales of its 787 and 747 aircraft, according to Bloomberg.

Twitter (TWTRGet Report) slumped 3% on fears of slowing user growth. The social network reported that 305 million users signed into the service at least once a month, up 6% from a year earlier, marking its slowest year-over-year growth ever.

READ MORE FROM THE STREET…


CREATE

DO YOU WANT TO CREATE?


2 Harvard students built a company that will do your chores for you

womenharvard

— and it’s made money since day one

While attending Harvard Business School, Marcela Sapone and Jessica Beck inadvertently came up with a startup idea born from their messy apartments.  Today, Alfred is a startup that hires employees — Alfred Client Managers, or just “Alfreds” — to run weekly errands: things like buying your groceries, sorting your mail, dropping off packages, and taking care of your laundry for you.

alfred

The average Alfred customer spends $415 per month, or $4980 a year. In comparison, Amazon Prime subscribers spend about $1500 a year. In its first year, Alfred achieved $1.5 million in revenue. The company has 26 corporate employees in its New York headquarters.

READ THE STORY…


EARN

HOW DO YOU WANT TO EARN A LIVING?


Wooing Top Talent on a Shoestring

TOP TALENT

To attract top talent, big businesses are now investing heavily in big-ticket items to woo and retain people.

Goodies include on-site fitness facilities, top-tier team-building events, on-site clinics, gourmet chefs, customized employee stand-up workstations, giant salaries — and more.

1. A 4-day work week

2. Unlimited vacation time

3. Commitment to learning

4. Office hours with managers

5. Daily rituals

6. Community outreach

7. Culture-building structures

Building a culture that attracts and keeps top talent does not happen by accident.

READ MORE…


ENJOY

FEATURE: BIZ OF FASHION FRIDAY


 newyorkfashionweek

 NEW YORK FASHION WEEK – FEBRUARY 11th-18th

 


 New York Fashion Business Profile: Summer School Creative

Summer in the City

Ashley-mainHow do you create a business that can combines everything from photographyand graphic design to model and location scouting — all to craft that all-important “image” for clients? Ask New York entrepreneur Ashley Mihelich of Summer School Creative.

 

“Summer School Creative is for people who don’t know how to present their image to the world. So we work together to create that vision.”


summerschoolcreative

 

polka dots

 

balcony

Q: What makes Summer School Creative special?

“Summer School Creative is a one-stop shop, which makes it a really easy solution when you need extra time — or more help — with your brand. We work with a range of emerging designers and established brands to put the best content out there.”


LEARN 

WANT TO LEARN MORE?


investopediaiconInvestopedia

Gold Demand Stagnant in 2015, Price Surges on Fear

Gold Prices Rising

Gold prices have risen by 14.5% since the start of this year after fears of a global economic downturn and a weaker dollar spooked investors to turn towards safe-havens such as gold. Bullion prices have dropped drastically from their highs in 2011 when the price was $1,920.94 per ounce, compared to current price levels of around $1,234 per ounce.

The Bottom Line

Overall, demand-supply dynamics remained weak in 2015. The World Gold Council does not provide any demand outlook for this year, stating that it is too early to comment. However, it still believes that a further drop in supply could support prices in the future. It is also worth mentioning that investors will continue to invest in gold till fears of the market slowdown subside.
Read more: Gold Demand Stagnant in 2015, Price Surges on Fear | Investopedia


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P.S.

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Buzzing off for today. 

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