THE SERIOUS AND fUN SIDE OF BIZ
top curated biz news for smart women
FEATURE: BIZ OF BEAUTY & SCENT OF OPPORTUNITY
12 AUGUST, 2016 FRIDAY
The stock market just did something it hasn’t done since December 31, 1999
THE SERIOUS SIDE
STOCK MARKET CLOSE
BOND MARKET CLOSE
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Crude and Retail Drive Stocks to New Records
A massive rally in crude oil and better-than-expected quarterly performance out from the retail space helped to drive the S&P 500 to new highs on Thursday.
The S&P 500 was up 0.47%, the Dow Jones Industrial Average added 0.64%, and the Nasdaq gained 0.46%. The S&P 500 closed at 2,185.78, a new record high which beat Friday’s record by just a few points. The Nasdaq and Dow also closed at new record highs.
WHAT DID THE EUROPEAN MARKETS DO?
European Markets End the Day Up as Oil Surges
European markets closed up on Thursday as oil prices continued their volatile day.
West Texas intermediate was recently up 3.69% at $43.25 and Brent crude had surged 3.72% at $45.69, paring earlier loses. Prices plunged more than 1% this morning after the International Energy Agency said it had revised down its expectations for demand in 2017. The IEA today said it expects demand to fall to 1.2 million barrels a day next year from 1.4 million barrels a day in 2016.
In London, the FTSE 100 closed 0.7% up at 6,914.71.
WHAT DID OIL DO?
Crude oil prices jumped on Thursday after the International Energy Agency forecast a rebalancing of the oil markets in coming months.
West Texas Intermediate was up 4.08% to $43.41 a barrel on Thursday, near a three-week high.
STOCKS IN THE NEWS
Fellow retailers also joined in on the rally. Target (TGT) , TJX Companies (TJX) ,Dillard’s (DDS) , Nordstrom (JWN) , J.C. Penney (JCP) , and Sears (SHLD) were all higher, while the S&P Retail SPDR ETF (XRT) rose 2.4%. Nordstrom will report after the bell Thursday and J.C. Penney will report before the bell Friday.
In other earnings news, Alibaba (BABA) climbed after topping sales and profit estimates over the recent quarter. Adjusted earnings of 74 cents a share came in 12 cents above consensus.
Wall Street Journal
New York Times
International Business Times
4 Reasons Estate Planning Is So Important
Estate planning isn’t only for the rich. Without a plan in place, there could be a long-lasting impact on your loved ones, even if you don’t have a pricey home, large investment account or valuable art to pass on. Not convinced that estate planning is necessary? Consider these four reasons why you should have an estate plan, in order to avoid potentially devastating consequences.
1. Prevents Your Assets From Ending Up With Unintended Beneficiaries
2. Protects Families With Young Children
3. Stops Heirs From Overpaying In Taxes
4. Eliminates Family Messes When You’re Gone
RETIREMENT AND SAVING
6 Ways To Lose Your Estate
1. No Control Over Who Manages Your Asset Distribution
If you die without a will (dying intestate), fail to name an executor in your will, or the executor named in your will refuses to act as executor for the estate, a probate court will appoint someone to administer the estate.
3. Assets for Undesirables
Without a will, state law determines how your assets are divided.
4. The Cost of Probate
Estates in which property is inherited must usually go through probate, although small or modest estates – as defined by state law – may be exempt. Strategies in estate planning can help you avoid probate or decrease the fees. For instance, establishing a living trust will generally negate the need for probate
5. Surprise Taxes
The only advantage to all those fees is that they reduce the amount of the taxable estate. If you set up an estate plan, there are a variety of devices – from payment-on-death accounts to trusts – to reduce the taxable estate.
6. Government Grab
The worst-case scenario for someone who dies intestate is that the state cannot find a rightful heir – no spouse, no kids, no parents, no siblings, or no descendants
Read more: 6 Ways To Lose Your Estate | Investopedia
THE fUN SIDE
FEATURE: BIZ OF BEAUTY & SCENT OF OPPORTUNITY
Louis Vuitton and Christian Dior Follow the Scent of Opportunity
How One Makeup App Took Over the Industry
Perfect Corp has figured out the future of beauty apps. And it has something in common with Pokémon Go.
YouCam shows no signs of slowing down, now at 160 million downloads. Add in its sister programs YouCam Perfect (a photo editing program) and YouCam Nails and that number goes up to 260 million downloads worldwide with over one billion visits a month. Calling the entire suite a runaway success wouldn’t be an overstatement.
The Best Self Tanners Are All From the UK
A new, more gently tanA new, more gently tanned Victoria Beckham, at Cannes this year. Photo: Tony Burson/Getty Images
Necessity is the mother of invention.
The early aughts were not a good time for fake tans, and a lot of orange skin appeared on both sides of the pond. (Looking at you, Paris Hilton.) But in the last five years or so, something happened to the at-home self tanner market: It got tasteful.
Self tanner companies in the UK deserve a lot of the credit for this. They say necessity is the mother of invention, and that region is populated with quite a few pale people who live in a dreary climate a good chunk of the year. As a result, there are a disproportionate amount of excellent self tanning companies based there.
Last year the St.Tropez Gradual Tan In Shower Lotion, which is applied on wet skin in the shower, was one of the buzziest launches of 2015. “
Alyson Hogg, the Irish founder of Vita Liberata (which produces its products in England), started the trend of multifunctional, skin-enhancing self tanning when she launched her tanning line in 2007. Her products include anti-aging ingredients like antioxidants and moisturizers.
Padma Lakshmi’s 5 Easy Recipes for Blazing Your Own Business Trail
Image credit: Inez & Vinoodh
You can learn a lot about Padma Lakshmi’s work ethic from stalking her Instagram. Here’s the Emmy-nominated Top Chef host pulling an all-nighter on set alongside judge Tom Colicchio, and here she is inGuatemala scouring a spice market — a passion she’s filtered into an exhaustive reference book, The Encyclopedia of Spices & Herbs (out in October).
Herein, Lakshmi’s five easy recipes for entrepreneurial prowess.
1. Push through the open door.
Somebody once said to me, ‘Push through the open door.’ And I think it was a really good piece of advice. When the universe speaks to you, you still have to listen.”
2. Keep it personal.
“People will spend a majority of their waking hours at work, so you have to find something you enjoy doing and that you naturally have a deep interest or proclivity towards.
3. Trust your own experience.
“I love to travel and taste different foods and I want to take those flavors and replicate dishes for friends and family. So I’ve always wanted a book like the [Encyclopedia of Spices and Herbs].
4. Use your downtime.
“My schedule is so erratic, and no two days are alike. I never leave home without a jump rope in my luggage — because I gain and lose more weight [on Top Chef] than Tom [Colicchio] ever does — and that’s really good exercise, you can do it everywhere.
5. Don’t be afraid to ask for help.
“I co-founded a women’s health foundation, the Endometriosis Foundation of America, and we have a fundraiser every year. One year we were not making our numbers, we just really needed money to continue with this one program.
That’s all for today.
See you back here Monday A.M.
Have a great weekend!
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