Market Watch

Many professionals look up to entrepreneurs for their determination, perseverance and freedom to have more control over their day-to-day lives. But even entrepreneurs have role models they look up to. Whether they’re other highly successful entrepreneurs, billionaires or simply inspirational people, the world is full of those with amazing stories who serve as inspiration for today’s business leaders. Below, members of Young Entrepreneur Council each share someone they look up to in the business world, an important business lesson they learned from them and how that lesson has impacted the decisions they make as an entrepreneur. Members pictured from left to right. Photos courtesy of the individual members. 1. Anand Mahindra I admire Anand Mahindra, chairman of Mahindra Group. His dedication to ethical business practices, innovation and philanthropy is particularly inspiring to me as an entrepreneur. One important lesson I have learned from him is to always focus on the customer experience. This has had a major impact on my decisions as a business owner in that I strive to ensure every interaction with customers reflects my company’s commitment to quality service and satisfaction. Through his example, I have also come to appreciate the importance of giving back. It […]

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Ukrainian troops prepare to fire an L119 howitzer at Russian positions in the Luhansk region on January 16. Ukraine and Russia have relied heavily on artillery to batter each other’s forces. Whether they can find more ammunition for that artillery will affect the course of the war in 2023. To support Ukraine, the US and its allies are searching all over the world for the right shells. Top editors give you the stories you want — delivered right to your inbox each weekday. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Amid indications that Russia is planning to resume offensive operations in spring 2023, Ukraine’s allies are scrambling to provide Ukraine with sufficient artillery ammunition. But this requires scouring the globe for munitions to feed Ukraine’s polyglot collection of Soviet-designed guns and the dizzying array of howitzers and rocket launchers supplied by various Western countries. "Ammunition availability might be the single most important factor that determines the […]

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North Dakota Capitol in Bismarck. BISMARCK — A Las Vegas company called the Nu Life Institute and owner Edward Baca III are now banned from doing business in North Dakota, Attorney General Drew Wrigley announced Thursday, Jan. 19. This comes after an elderly woman paid $844 for what she believed was a product that would treat macular degeneration, according to a statement from Wrigley. Macular degeneration is a disease that blurs central vision as people grow older. The woman didn’t receive the product she ordered from Nu Life, but the seller said it sold her cosmetic makeup, according to Wrigley. Nu Life refused to issue a refund to the woman, and it didn’t cooperate with an investigation by the attorney general’s office, Wrigley said. “The conduct alleged against Nu Life Institute and Edward Baca III is alarming as is their refusal to cooperate with our investigation,” Wrigley said in the statement. “That lack of cooperation is irresponsible and unacceptable, and we will not tolerate additional risk of harm to our consumers.” A message left by The Forum for Nu Life in Las Vegas was not returned by publishing time.

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Louisiana comes in as the 37th best state to start a business in the latest ranking from Forbes Advisor. The Bayou State trailed most other Southern states. Nextdoor neighbors Texas, Mississippi and Arkansas were at Nos. 34, 16 and 29 respectively. Forbes Advisor analyzed 18 key metrics measuring business costs, business climate, financial accessibility, economy, and workforce to find the best states to start a business in 2023. Louisiana received low scores for its workforce, business climate and economy. Additionally, a recent survey found that 71% of Forbes Advisor readers would relocate to start their business. Highlights from the report: Indiana ranks as the best state to start a business. With a combination of low taxes, a reasonable cost of living, and a high percentage of the working-age population, Indiana provides ideal conditions for new businesses to succeed. New York ranks as the worst state to start a business. A high cost of living, high unemployment rate, and a relatively low survival rate (at 79%) makes the city that never sleeps a less-than-ideal place to start a business. Washington state has the highest business survival rate across the nation at 89%, while Hawaii has the lowest at just 75%. […]

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Amazon.com Inc. (Nasdaq: AMZN) won’t renew its office lease at West 8th tower in Seattle’s Denny Triangle neighborhood, the company confirmed to the Business Journal. The lease comes up for renewal in April. The decision isn’t related to the Seattle-based tech giant’s layoff of at least 2,300 local employees , an Amazon spokesperson said. Rather, it’s another sign that remote work is still going strong and leaving tech companies with more space than they need. "This change is a result of the new way our employees work," the spokesperson said. Amazon occupies about 70% of the 539,000-square-foot West 8th tower, where it’s had offices since 2011 . The 28-story building is at 2001 Eighth Ave. About 2,000 employees will be moved to other Amazon office spaces throughout the Puget Sound region — the company also has sizable office spaces in Bellevue and Redmond. Amazon is joining fellow tech giants Microsoft and Meta in jettisoning sizable leases from its real estate portfolio. Microsoft has said it will let go of at least roughly 1.7 million square feet on the Eastside in the next two years, while Meta is getting rid of space in Seattle’s South Lake Union and backing out […]

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Through a career that spanned more than four decades, Hurvitz taught more than 50,000 students Starting with his role as an adjunct professor in the late 1970s, Fred Hurvitz’s impact on Smeal College of Business students was felt over the next 45 years until his retirement at the end of 2022. Credit: Photo provided. All Rights Reserved. “His work to introduce new programs that elevated the retail offerings in the department influenced a generation (or two) of students.” UNIVERSITY PARK, Pa. — Although he was born into a retail family and ran businesses for about two decades, Fred Hurvitz found his greatest reward in teaching hundreds of students the ins and outs of retail, marketing and business. “I don’t like to teach something on a theoretical basis,” said Hurvitz, marketing instructor and Kohl’s Professor of Practice for Retail Studies, who retired at the end of 2022. “I like to give my students examples and, if I’ve lived some of those examples, I think they understand it and appreciate it better.” His teaching career began in the late 1970s as a Smeal adjunct professor carrying a full class load before starting a full-time faculty position in 1988. Along the way, […]

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New York CNN — Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been discussing succession planning for many years (even founders need to evolve!),” Hastings wrote in a blog post on Thursday. “As part of that process, we promoted Ted to co-CEO alongside me in July 2020, and Greg to Chief Operating Officer — and in the last 2½ years I’ve increasingly delegated the management of Netflix to them.” Hastings founded Netflix (NFLX) in 1997 and changed the way countless households watched movies and shows, first with its DVD-by-mail business and later with its streaming video service. Under Hastings’ leadership, Netflix disrupted legacy movie rental companies like Blockbuster and helped shake up Hollywood by kicking off an arms race investing in original content. It also survived a notable misstep in 2011 when the company briefly planned to spin off its streaming service from its DVD business, with the latter to be re-branded as Qwikster. Netflix plans its biggest-ever slate of Korean content Last year, however, Netflix saw its stock and reputation […]

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The Swiss resort town of Davos is the site of a vigorous debate about the future of globalisation [Reuters] Is globalisation dead? That’s one of the big questions on minds at the World Economic Forum in Davos, Switzerland. The explosion in global connectivity and trade that was widely taken for granted for decades is certainly under pressure. From the COVID-19 pandemic to the United States-China rivalry, Brexit and the war in Ukraine, a confluence of factors is challenging the long-held assumption that business and investment should be able to move freely across borders. Where once the cost of doing business drove investment decisions, firms must now consider geopolitical and national security factors that increasingly drive governments’ policymaking. Tinglong Dai, an expert in globalisation at Johns Hopkins Carey Business School, is of the view that globalisation, while not dead, is at least struggling to survive. “In the coming years, we may see the emergence of a ‘supply chain iron curtain’, where Western countries maintain high levels of free trade, investment and movement of people among each other but scrutinise links with China, Russia, and the like,” Dai told Al Jazeera. “This means that free trade in goods and services in […]

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Globalization has a rich history and is full of intricacies. Find out more inside. Globalization is the expansion of businesses all over the world due to advances in technology and transportation. Globalization includes an increase in the flow of: Goods and services Capital People International ideas While trade is no new concept, businesses can become a presence in more areas all over the globe than ever before. But how did this happen? And what business industries experience globalization? Keep reading to find out everything you need to know about globalization. History of globalization Globalization’s rich history began long before giant conglomerates such as Amazon and Google existed. There is a timeline of discovery, protectionism, liberalization, financial crisis, and economic development that can all be traced back to the BC era as the phenomenon of international trade developed. The Silk Road The Silk Road was the cultural phenomenon that made luxury goods accessible across countries in the first century BC through the fourteenth century AD. Silk was exported from China to Rome, meaning that many other countries were involved along the route. However, with an abundance of wars and conquerings and fallen empires changing accessibility of routes, the Silk Road […]

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Consumers reduce their dining budgets or trade down to fast-food during recessions, analysts said. During economic downturns, restaurants feel the pain first as consumers tend to eat out less. Some consumers trade down from casual-dining favorites to fast-food chains, analysts said. Analysts predicted what top publicly traded chains could do well with consumers during a recession. Top editors give you the stories you want — delivered right to your inbox each weekday. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . A majority of Wall Street analysts have said the threat of a 2023 recession is real. Typically during a recession, restaurants feel the pain first. "People need to eat, but they don’t necessarily need to eat at restaurants," Mark Kalinowski , a restaurant analyst with Kalinowski Equity Research, told Insider. When times are tough, consumers either eat out less frequently or trade down from casual-dining favorites to fast-casual or fast-food chains because prices are lower and there’s […]

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