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U.S. equities rose on Thursday, with the three major indexes on track for their best week of the year, as investors kept adding to risk positions following the presidential election. The Dow Jones industrial average hit a new all-time intraday high shortly after the open, and traded more than 100 points higher, with IBM and Goldman Sachs contributing the most gains. (CNBC)
Visit http://www.cnbc.com/2016/11/10/us-markets.html to view the full article online. |
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As President-elect Donald Trump inched closer to victory early Wednesday morning, investors around the world dumped stocks and snapped up bonds. Asian markets plummeted. In the United States, investors appeared poised to send major markets into a tailspin. (The Washington Post)
Visit https://www.washingtonpost.com/news/wonk/wp/2016/11/09/heres-why-wall-street-investors-changed-their-minds-about-a-trump-victory/ to view the full article online. |
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Businesses may come to love or to fear Donald Trump. Either way, they will have to make a deal. (The Economist)
Visit http://www.economist.com/news/business/21710005-businesses-may-come-love-or-fear-donald-trump-either-way-they-will-have-make to view the full article online. |
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Of all the fears I’ve helped people overcome as an executive coach, this one—being scared to correct your boss—is by far the most common. Yet speaking truth to power is crucial for your personal and professional development. And the good news? It’s a learnable skill! One that’s easier to master once you’re aware of how your emotions impact your behavior. When there’s something you’re afraid to discuss with your boss, follow these steps: (The Muse)
Visit https://www.themuse.com/advice/nervous-to-correct-your-boss-this-5step-guide-makes-it-way-less-scary?ref=carousel-slide-1 to view the full article online. |
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Some neuroscientists are trying to change school and work hours that discriminate against night owls. (The Atlantic)
Visit https://www.theatlantic.com/health/archive/2016/11/if-your-child-is-terrible-blame-his-chronotype/506372/ to view the full article online. |
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Striving to increase workplace diversity is not an empty slogan — it is a good business decision. A 2015 McKinsey report on 366 public companies found that those in the top quartile for ethnic and racial diversity in management were 35% more likely to have financial returns above their industry mean, and those in the top quartile for gender diversity were 15% more likely to have returns above the industry mean. (Harvard Business Review)
Visit https://hbr.org/2016/11/why-diverse-teams-are-smarter?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+harvardbusiness+(HBR.org) to view the full article online. |
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The "sincere" (their word) letter of congratulations to Donald Trump penned by the big cheeses from the European Commission and the European Council oozes EU angst from every line. (BBC)
Visit http://www.bbc.com/news/world-europe-37925716 to view the full article online. |
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Just when China's economy seemed to be stabilizing, Donald Trump's election as U.S. president poses significant new risks. Not just for Chinese growth, but the entire Asia region. (Bloomberg)
Visit http://www.bloomberg.com/news/articles/2016-11-10/trump-s-win-may-be-asia-s-loss to view the full article online. |
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IT IS rare for a court judgment to cause turmoil in the foreign-currency markets. Yet the pound soared on the morning of November 3rd after the High Court in London ruled that only Parliament has the authority to trigger Article 50 of the European Union treaty, the legal route for Britain to leave the EU. The markets’ response reflects the view either that Parliament might choose to block Brexit altogether or, perhaps more plausibly, that it will attach conditions to an act invoking Article 50 that make a "soft" Brexit more likely. (The Economist)
Visit http://www.economist.com/news/britain/21709589-high-court-rules-parliament-must-vote-trigger-brexit-process-taking-back-control to view the full article online. |
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People outside of India holding discontinued 500 and 1,000-rupee (£6; £12) notes face difficulties exchanging them, BBC research has found. British banks are generally not accepting the notes and technically, they should not leave the country. (BBC)
Visit http://www.bbc.com/news/business-37938925 to view the full article online. |
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Black teachers nationwide are frustrated by their experiences in the classroom, saying that they feel pigeonholed, lack opportunities for advancement, often are expected to teach only black students and aren't listened to by their peers and supervisors, according to a new study. (nola.com)
Visit http://www.nola.com/education/index.ssf/2016/11/black_teachers_status.html to view the full article online. |
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Google has rejected EU allegations that it abused its market dominance of its Android mobile phone operating system. The US tech firm sent its reply on Thursday to anti-trust charges issued by the EU earlier this year over the smartphone platform. (BBC)
Visit http://www.bbc.com/news/business-37939778 to view the full article online. |
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If you live in Alaska, it's now possible to buy solar power from California or Washington D.C. In what it bills as a nationwide community solar program, a startup called Arcadia Power is selling remote "solar subscriptions" to anyone who can't easily install solar panels directly—and then giving customers a credit on their utility bill. (Fast Company)
Visit https://www.fastcoexist.com/3065040/if-you-cant-install-solar-panels-this-startup-helps-you-access-them-remotely to view the full article online. |
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MSNBC Your Business host JJ Ramberg is putting forth her own entrepreneurial endeavor, Fetch by Goodshop—an e-commerce platform that gives you significant savings on some of your favorite retail brands, including Gap, Walmart, Victoria’s Secret, travel brands, and more. (Black Enterprise)
Visit http://www.blackenterprise.com/technology/deals-donations-save-good-goodshop-fetch/ to view the full article online. |
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During the winter season, billions of dollars are spent in the United States on vacationing, buying food, and more. Companies like Walmart, Target, and even Amazon.com generate hundreds of millions of dollars in revenue during this time of the year. However, there are also many smaller Black-owned companies that are also cashing in during this peak season. (San Diego Voice and Viewpoint)
Visit http://sdvoice.info/8-black-owned-businesses-that-make-a-lot-of-money-during-the-winter-season/ to view the full article online. |
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This election cycle has been unprecedented in so many ways, and the result is sure to cause some economic upheaval. When the dust finally settles after Donald Trump's historic win, where will it leave American consumers, Social Security recipients, student loan holders and taxpayers? (USA TODAY)
Visit http://www.usatoday.com/story/money/columnist/powell/2016/11/09/what-president-trump-means-your-pocketbook/93522982/ to view the full article online. |
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In the last eight years, President Barack Obama oversaw the largest growth in federal spending to reduce inequality since the Great Society of the 1960s. In the next four years, President-elect Donald Trump and the Republican majorities in the Senate and the House of Representatives will probably try to undo almost all of it. (The Atlantic)
Visit https://www.theatlantic.com/business/archive/2016/11/things-are-about-to-get-much-worse-for-poor-americans/507143/ to view the full article online. |
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Treasury yields jumped to the highest levels since January, a signal that markets believe Donald Trump's policies could spark a rise in inflation, more growth and ultimately an era of higher interest rates. (CNBC)
Visit http://www.cnbc.com/2016/11/09/bond-yields-on-fire-as-market-anticipates-more-inflation-growth.html to view the full article online. |
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The financial condition of Seaway Bank & Trust, Chicago's largest black-owned bank, has deteriorated to the point that the institution is at risk of failure even as it expresses confidence that an investor rescue will happen.
All of the $29 million in capital that was on the bank's balance sheet at the start of 2016 was wiped out through nine months of the year. That was due to continued losses and an accounting standard that required the bank to write off nearly $14 million in deferred tax benefits. (Crain's Chicago) Visit http://www.chicagobusiness.com/article/20161103/NEWS01/161109934/chicagos-largest-black-owned-bank-at-risk-of-failing to view the full article online. |
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Want to get better control of your spending? Stop being bamboozled by the word ‘free.’ A gift is free. Period. A ‘free’ gift is going to cost you: money (i.e., you have to buy something else to get it), time, space in your home, attention, an e-mail address—something. Even if the gift is not actually worth anything. (Black Enterprise)
Visit http://www.blackenterprise.com/money/consumer-affairs/when-its-a-free-gift-its-going-to-cost-you/ to view the full article online. |
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A recent study has found the racial wage gap has grown dramatically since 1979. The study, conducted by the Economic Policy Institute, shows the wage gap between black and white men has grown from 22 cents to 31 cents between 1979 and 2015. (Ball State Daily)
Visit http://www.ballstatedaily.com/article/2016/11/news-racial-pay-gap-increase to view the full article online. |
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It can take almost a full year to get your finances in line before you buy a home, housing experts say. So if you know you want to buy a house within the next six months or so — such as people hoping to make the leap in the spring — you should start your financial housekeeping now. (The Washington Post)
Visit https://www.washingtonpost.com/news/get-there/wp/2016/11/07/9-steps-to-take-if-youre-planning-to-buy-a-home-within-six-months/ to view the full article online. |
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While Donald Trump and Hillary Clinton argue over the impact of international trade on factory jobs, U.S. manufacturers are grappling with a looming shortage of skilled workers. Almost 3.5 million manufacturing positions will need to be filled over the next decade as baby boomers retire, and 2 million of those jobs could remain vacant because of manufacturing's fading appeal to millennials, according to a 2015 study by Deloitte and the Manufacturing Institute. (Crain's Chicago Business)
Visit http://www.chicagobusiness.com/article/20161108/NEWS05/161109856/boeings-retiring-boomers-underscore-u-s-manufacturing-plight to view the full article online. |
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The company said it had entered a partnership with Brookfield Asset Management. The deal gives the real estate investor the right, for up to two years, to create a "predevelopment plan" for about 50 of Macy’s real estate assets, which are made up mostly of owned and ground-leased stores and the surrounding land. Macy’s has the option to add more assets for Brookfield to manage. (Fortune)
Visit http://fortune.com/2016/11/10/macys-real-estate-sales/ to view the full article online. |
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For Walmart shoppers, the post-Thanksgiving Black Friday shopping frenzy starts today, Thursday. After midnight, shoppers who have downloaded the Walmart app can grab some Black Friday specials, including a $79 seven-foot trampoline, an Acer laptop for under $300, and a 65-inch Hitachi 4K Ultra HDTV . (USA TODAY)
Visit http://www.usatoday.com/story/money/2016/11/10/walmart-customers-black-friday-starts-today/93560640/ to view the full article online. |
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More than 2,400 people gathered on Thursday night (Nov. 3) at the Marriott Marquis in Washington, D.C. for The Executive Leadership Council's (ELC) 2016 Recognition Gala commemorating The ELC's 30th Anniversary. The ELC hosts this special event each year paying tribute to outstanding business leaders and corporations in the area of Diversity & Inclusion. (PR Newswire)
Visit http://www.prnewswire.com/news-releases/the-executive-leadership-council-hosts-2016-recognition-gala-celebrating-black-executive-leadership-and-achievement-300358385.html to view the full article online. |
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When it comes to organizational change, failure continues to be more common than success. In a survey of nearly 3,000 executives about the success of their enterprise transformation efforts, McKinsey discovered the failure rate to be higher than 60%, while Harvard Business Review conducted a study that suggested more than 70% of transformation efforts fail. (Harvard Business Review)
Visit https://hbr.org/2016/10/organizations-cant-change-if-leaders-cant-change-with-them?referral=00202&cm_mmc=email-_-newsletter-_-weekly_hotlist-_-hotlist_date&utm_source=newsletter_weekly_hotlist&utm_medium=email&utm_campaign=hotlist_date&spMailingID=1578040 to view the full article online. |
