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Bank stocks have surged nearly 30% since Election Day as investors position for a mix of higher interest rates, stronger growth, and a rollback of some crisis-era regulations under President-elect Donald Trump. These expectations are now being priced into the shares of Goldman Sachs and JPMorgan, which sit at record highs, as well as recovering firms such as Morgan Stanley and Bank of America. (Forbes)
Visit http://www.forbes.com/sites/antoinegara/2017/01/12/heres-why-2017-could-be-the-best-year-in-wall-street-history/#18a43aca6d46 to view the full article online. |
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The election of Donald Trump has economic forecasters thinking hard about something that hasn’t been a problem for a while: upside risks. Each month, The Wall Street Journal’s survey of academic, financial and business economists asks for estimates of gross domestic product, inflation, unemployment and a range of other key economic indicators. Forecasters are also asked to assess whether the risk to their forecast is to the upside or the downside. In other words, what’s more likely: that growth overperforms or disappoints? (The Wall Street Journal)
Visit http://www.wsj.com/articles/forecasters-see-upside-risks-to-their-economic-outlooks-at-highest-in-more-than-two-years-1484233201 to view the full article online. |
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It’s been said that leadership is making important but unpopular decisions. That’s certainly a partial truth, but I think it underscores the importance of focus. To be a good leader, you cannot major in minor things, and you must be less distracted than your competition. To get the few critical things done, you must develop incredible selective ignorance. Otherwise, the trivial will drown you. (Entrepreneur)
Visit https://www.entrepreneur.com/article/270486 to view the full article online. |
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The absence of Millennial homebuyers is a big story for the economy, because housing sales and construction are big drivers of jobs. But it’s also an equally big story for the personal finances of Millennials, who are missing out on the real estate wealth that bolstered the balance sheets of previous generations. (USA TODAY)
Visit http://www.usatoday.com/story/money/personalfinance/2017/01/12/lack-young-homebuyers-fuels-generational-wealth-gap/93205696/ to view the full article online. |
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If the cold weather kept you indoors, you may have been one of the movie-goers that watched "Hidden Figures", one of the weekend's top box office hits. The new film, which opened on Friday, is based on the true story of three African-American women who defied expectations for their work during the early 1960's in NASA space program. (Forbes)
Visit http://www.forbes.com/sites/georgenehuang/2017/01/09/what-we-learn-about-diversity-from-hidden-figures-and-ibms-chief-diversity-officer/#34c2246341d1 to view the full article online. |
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When it comes to the highest echelons of corporate America, women of color are missing in action. Rosalind G. Brewer’s retirement as CEO of Sam’s Club is a major blow to the number of African Americans in the C-suite. Brewer was the first woman and first African American to hold a CEO position at one of Wal-Mart Stores Inc.’s business units. (Black Enterprise)
Visit http://www.blackenterprise.com/news/end-black-female-ceos-corporate-america/ to view the full article online. |
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Diverse teams work better. That’s a proven fact. Lack of diversity, especially in the tech world, existed on a "don’t ask, don’t tell" basis until Google released its diversity figures in mid-2014, publicly revealing the extent of the problem. Other Silicon Valley giants like Twitter and Yahoo followed suit, announcing similar findings, which freed the diversity genie out of the bottle for good. (Observer)
Visit http://observer.com/2017/01/diversity-workplace-economic-returns-hiring/ to view the full article online. |
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The NBMBAA Pittsburgh Chapter is currently accepting applications for several positions, including: Treasurer/VP Finance; Director of Membership; Public Relations and Communications Director; and Programs and Special Events Director.
Visit https://docs.google.com/forms/d/e/1FAIpQLSddZ2b10ulJsNCI4mlST104eiYZdCBsL-1UCx_7gscKR-qDrA/viewform to view the full article online. |
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The nation's biggest wireless carriers are making it a bit harder to keep your grandfathered unlimited data plan. AT&T intends to raise the price of its "legacy" plan, which it no longer sells, by $5 a month in March — bringing the total monthly price of the plan to $40. This marks the second time that AT&T has upped its rate for this group in 12 months. (The Washington Post)
Visit https://www.washingtonpost.com/news/the-switch/wp/2017/01/11/these-cellphone-carriers-are-about-to-make-life-harder-for-grandfathered-unlimited-data-users/?utm_term=.d2d634d9327f to view the full article online. |
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The SWSI (Smart Women. Smart Ideas.) highly successful ‘Queen Bee’ webisode series was licensed by Black Entertainment Television Network (BET) and turned into a TV series called ‘Queen Boss.’ It premieres Saturday, January 14, at 10pm ET (9pm CT) on both BET and Centric (BET’s women-focused network). (Forbes)
Visit http://www.forbes.com/sites/geristengel/2017/01/11/shark-tank-for-black-female-founders-inspires-next-generation-of-entrepreneurs/#3a7b0dd7252a to view the full article online. |
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It can be difficult to get into the rhythm of going to the gym. You already have a busy day, and fitting an hour of exercise into your schedule is an ongoing challenge that requires persistence. But if you’re getting back into the habit of getting to the gym, now is a great time to invest in a new gym bag. (Business Insider)
Visit http://www.businessinsider.com/aer-gym-bag-recommendation-2017-1 to view the full article online. |
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Amazon announced Thursday plans to create 100,000 full-time jobs in the U.S. over the next 18 months. The move would bring the e-commerce giant's workforce to more than 280,000. (CNBC)
Visit http://www.cnbc.com/2017/01/12/amazon-to-create-more-than-100000-full-time-full-benefit-jobs-in-us-by-2018.html to view the full article online. |
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Sears, the retailer, famous for selling everything from shoes to vacuum cleaners to whole houses, is facing its biggest crisis ever. It's closing hundreds of stores. Others are in shambles, with leaking ceilings and broken escalators. In some, employees hang bedsheets to shield shoppers from sections that stand empty. CEO Eddie Lampert, a billionaire, is trying to keep Sears afloat. He has provided up to $1 billion in financing to help keep it in operation. (Business Insider)
Visit http://www.businessinsider.com/sears-failing-stores-closing-edward-lampert-bankruptcy-chances-2017-1 to view the full article online. |
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The instruction by Maggie Anderson, author of Our Black Year: One Family's Quest To Buy Black In America's Racially Divided Economy (BlackMattersUS)
Visit https://blackmattersus.com/26920-four-ways-you-can-reinvest-in-black-communities-today/ to view the full article online. |
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More parents foot the bill for their child’s college education, trying to give them a financial leg up after graduation. But for some, this plan could backfire, saddling the child with the cost of the parents’ retirement. (USA TODAY))
Visit http://www.usatoday.com/story/money/personalfinance/2017/01/10/some-parents-risk-financial-ruin-taking-childs-college-debt/96093360/ to view the full article online. |
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The widening gap between the rich and poor has emerged as one of the biggest threats to the global economy, said the World Economic Forum in a report published on Wednesday, with its disruptive potential contributing to the Brexit vote and Donald Trump's victory in the U.S. presidential election. (Forbes)
Visit http://www.forbes.com/sites/laurengensler/2017/01/11/world-economic-forum-income-inequality-capitalism/#7bdcef713491 to view the full article online. |
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Disappointed that your local Sears, Kmart or Macy's store is one of more than 200 that's about to go dark? Take heart in knowing that for retailers, these decisions aren't easy. When major chains evaluate which of their locations they'll shutter, it isn't as simple as looking at each shop's sales and profitability. While those factors no doubt play a role — especially for financially strapped companies like Sears — several other considerations come into play. (CNBC)
Visit http://www.cnbc.com/2017/01/06/losing-your-sears-or-macys-its-not-just-the-weakest-stores-that-get-chopped.html to view the full article online. |
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JetBlue announced all domestic flights will have free WiFi. The New York City-based airline starting offering free gate-to-gate internet at the end of 2013 on one aircraft, and has now expanded the service to its entire U.S. continental fleet -- 227 planes. (CNN Money)
Visit http://money.cnn.com/2017/01/11/pf/jetblue-free-wiffi-all-domestic-flights/index.html?iid=hp-stack-dom to view the full article online. |
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The U.S. tech giant announced plans on Friday to open its first retail outlet in South Korea. The store will be located in Seoul, which is also Samsung's headquarters. (CNN)
Visit http://money.cnn.com/2017/01/06/technology/apple-store-korea-seoul-samsung/index.html to view the full article online. |
