Market Watch

Tsim Sha Tsui, Hong Kong–(Newsfile Corp. – January 27, 2023) – Hong Kong based Raja Fashions has announced the launch of a new range of suits for men that offer a modern take on classic tailoring. Catering to the more relaxed work environment in the post-pandemic era, these suits offer the perfect blend of casual and relaxed tailoring. Raja Fashions is a family-run tailoring business in Hong Kong that has built a reputation for its range of bespoke men’s formalwear. Prashant Daswani, the company’s Director of Business Operations, representing the third generation of the family business, goes to great lengths to ensure that he is building on his grandfather’s and father’s reputation for fine craftsmanship. He is also steering the firm into the modern era with the development of new products and forays into e-commerce and social media marketing. Prashant played a key role in the design of this new range comprising hooded blazers and athleisure suits that caters to the requirements of upwardly mobile professionals belonging to his generation. Prashant said, "The pandemic marked the advent of the virtual and hybrid work culture. Even the most conservative companies like banks and investment firms have stopped expecting their employees […]

Click here to view original web page at finance.yahoo.com

The luxury retailer has unveiled a new men’s shopping destination in New York City and launched its first-ever men’s brand ambassador program, The Saks Man NEW YORK, Jan. 27, 2023 /PRNewswire/ — Saks has unveiled a new men’s shopping experience on the seventh floor of the iconic Saks Fifth Avenue New York flagship and expanded its menswear assortment online as part of the luxury retailer’s ongoing commitment to its men’s business. The 40,000-square-foot advanced designer and contemporary ready-to-wear department offers more than 70 brands – 23 of which are new to the store – and features shop-in-shops by key men’s brands including CELINE, Dior Men, Gucci, Louis Vuitton, and more. Continue Reading The new Men’s Seventh Floor at Saks Fifth Avenue New York James Harden at The Saks Man celebratory cocktail party on January 26. "Our men’s business has experienced significant growth over the past several years, and Saks continues to be the destination that shoppers look to for the latest in men’s luxury fashion," said Tracy Margolies, Chief Merchandising Officer at Saks. "While we remain focused on expanding our online offering and creating an unparalleled assortment of men’s fashion and accessories on Saks.com, our stores remain a crucial […]

Click here to view original web page at www.prnewswire.com

New York CNN — Newly unsealed bankruptcy documents revealed thousands of creditors to whom FTX owes money after the once-mighty crypto exchange collapsed in November. Wall Street heavyweights including Goldman Sachs and JPMorgan were named in the creditor list, which includes businesses, charities, individuals and other entities in a 116-page document filed late Wednesday. FTX is now at the center of a massive fraud investigation. Also included in the creditors list are media companies, such as the New York Times and Wall Street Journal, commercial airliners, including American, United, Southwest and Spirit, as well as several Big Tech players, including Netflix, Apple and Meta. In a statement, Goldman Sachs said that it has not filed a claim against FTX. “This type of creditor matrix is prepared by the debtors for the purpose of providing notice to interested parties in a bankruptcy proceeding and is not necessarily evidence of a creditor relationship,” a spokesperson for the bank said. The document doesn’t disclose the amount or nature of the debt, and names of individual creditors — mostly customers who deposited funds on FTX — remain redacted at FTX’s request. Inclusion on the creditor list doesn’t necessarily mean the parties had an […]

Click here to view original web page at www.cnn.com

CHICAGO (CBS)– Flames engulfed a catering business on the Southwest Side near Midway Airport overnight. Heavy smoke and flames were shooting through the roof of a two-floor catering business, Georgis Catering, on Central Avenue just a block north of 65th Street. The building was severely damaged; no one was injured. Georgis Catering is a family-owned business that was started in the 19’40s. Georgis Catering provides 2,000 meals every day to seniors through Catholic Charities and other senior centers in the surrounding suburbs. A longtime employee told CBS 2 that 17 centers that rely on their meals have been impacted by the fire. "We do whatever we can for whoever. " said the employee, Becky. "Our world just went up in flames." She said the owner was already saying this morning that he hopes they can get into a nearby building quick to keep the business running and provide meals. Georgis Catering also provides meals for private planes leaving from Midway Airport. An overnight fire tore through a catering business on Central just SW of Midway. Spoke to an employee who says they provide 2,000 meals a day to seniors in surrounding suburbs through Catholic Charities and other senior centers. […]

Click here to view original web page at www.cbsnews.com

Source: Shutterstock While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. By way of learning-by-doing, we’ll look at ROE to gain a better understanding of International Business Machines Corporation ( NYSE:IBM ). Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. How Is ROE Calculated? Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders’ Equity So, based on the above formula, the ROE for International Business Machines is: 8.1% = US$1.8b ÷ US$22b (Based on the trailing twelve months to December 2022). The ‘return’ is the amount earned after tax over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.08 in profit. Does International Business Machines Have A Good ROE? One simple way to determine if […]

Click here to view original web page at simplywall.st

Tesla’s energy storage business is booming with a record year, but it’s just the beginning as we could see volume hit new records quickly. With the release of its Q4 2022 financial results , the automaker released its energy division’s deployment number. Tesla Solar had a good quarter with 100 MW deployed, but the company really shined with its energy storage deployment: Powerwalls and Megapacks. Tesla confirmed that it deployed a record 2.4 GWh of energy storage in Q4. That’s up 152% year-over-year and 300 MW more than the previous quarter, which was also a massive record. It brought Tesla’s total deployment for the whole year to an impressive 6.5 GWn – up 64% versus 2021. Tesla wrote about its energy storage business in its Q4 shareholder’s letter: Energy storage deployments increased by 152% YoY in Q4 to 2.5 GWh, for a total deployment of 6.5 GWh in 2022, by far the highest level of deployments we have achieved. Demand for our storage products remains in excess of our ability to supply. We are in the process of ramping production at our dedicated 40 GWh Megapack factory in Lathrop, California to address the growing demand. This factory should help […]

Click here to view original web page at electrek.co

Third-party sellers account for the bulk of Amazon’s sales. But this new breed of small business is enmeshed in Amazon’s e-commerce infrastructure in ways that both benefit and exploit them, says Moira Weigel, assistant professor of communications studies at Northeastern University. Photo by Alyssa Stone/Northeastern University What do former U.S. Marines, stay-at-home moms, retirees and Chinese business veterans all have in common? You’ve probably bought something from them on Amazon. Third-party sellers, people who sell their products through Amazon’s marketplace, come from every walk of life and increasingly make up more and more of the online giant’s sales. Amazon launched its third-party marketplace in 2000, allowing small business owners to put their products on Amazon (for a price). There are now millions of third-party sellers on the site, and third-party sales make up about 60% of Amazon’s physical product sales, Jeff Bezos told the House of Representatives in 2020. Third-party sellers at the center of Amazon’s ecosystem––and the debate around the company’s complicated place in the world. Is Amazon exploiting these small businesses or lifting them up? Moira Weigel , an assistant professor of communication studies at Northeastern University, says it’s not that simple. Moira Weigel, Northeastern University assistant […]

Click here to view original web page at news.northeastern.edu

COMMENTARY BY They have the unintended side effects of discouraging people from going into business with people of another race and of discriminating against people in interracial marriages. Key Takeaways Government programs that give preferences to businesses owned by racial and ethnic minorities are popular tools among liberal politicians and bureaucrats. People agree that the government should not punish people for interracial marriage, and yet the government does just that. For now, at least in this one area, we can find common ground: Congress and state legislatures should redefine “owned and controlled” to be 50% instead of 51%. Government programs that give preferences to businesses owned by racial and ethnic minorities are popular tools among liberal politicians and bureaucrats. Their proponents defend them as necessary to advance “ racial equity ” and “social justice,” though they are morally wrong. But there’s another reason to reject these programs: They have the unintended side effects of discouraging people from going into business with people of another race and of discriminating against people in interracial marriages. Typically, these programs operate by giving special benefits to businesses that are “ owned and controlled ” by minorities. What that means, specifically, is that one […]

Click here to view original web page at www.heritage.org

New York CNN — An apparent shortage of pharmacists is forcing CVS and Walmart to reduce the hours of its pharmacies, as they close earlier in thousands of locations. Beginning in March, both retailers will either cut or shift the hours that their pharmacies operate in response to staffing shortages and waning consumer demand as the height of the Covid-19 pandemic recedes. The Wall Street Journal first reported the news. Walmart, which has pharmacies in most of its 4,600 US locations, will close them two hours earlier, at 7 pm. CVS will shift or cut hours at about 6,000 US pharmacies. For CVS, adjusting its hours is an attempt to ensure its “pharmacy teams are available to serve patients when they’re most needed,” the company said in a statement to CNN. The changes are part of its “regular course of business,” it added, so its hours meet customer demand. In a statement to CNN, Walmart said the new hours are the result of “direct feedback” from its pharmacy employees and customers. “Walmart has a strong and incredible pharmacy team, and we are making this change to not only enhance their work-life balance but also to maintain the best level […]

Click here to view original web page at www.cnn.com

Here’s how to craft an organizational system that helps your business win. Opinions expressed by Entrepreneur contributors are their own. From a logistical perspective, it can be surprising to find that many small businesses and startups need a sound organizational structure . How one structures their team, company leadership and the flow of information and communication within their organization can spell the difference between a business scaling successfully or one whose growth is stunted or outright fails. Organizational structures are crucial for any business. They outline who reports and is accountable to who, what each employee’s job is, the makeup of teams and help streamline the flow of information through the organization. The types of organizational structures Organizational structures are not all the same. Different types are applied for different purposes. Depending on the type and size of the business, one organizational structure may work better than the rest. There are seven known structures a business has to choose from. Hierarchical structure : This is the structure that most people likely picture when they hear the words "organizational structure." This pyramid-shaped chart is the most common structure and follows a typical top-down chain of command. Functional structure : This […]

Click here to view original web page at www.entrepreneur.com