Prada Dives Into Chunky Shoe Market With Pegasus Sneaker

Though the Italian house’s Cloudbust sneaker is one of the more popular sleek sneakers in the luxury market, Prada is preparing to embrace the chunky footwear trend with a new silhouette. Dubbed the “Pegasus,” the towering shoes are not only Prada’s clunkiest kicks on the market, but might be one of the biggest pairs of shoes on the market altogether.

Several newcomers have recently dipped their toes into the clunky sneaker market, including New Balance and UGG, proving that the trend has legs beyond what even insiders believed. Prada stepping up to the plate is a sign that even with shifting tastes, there’s always room for sky-high shoes, particularly in the women’s market (the Pegasus is a women-only shoe for now).

Offered in a bevy of neutral tones, the low- and high-top variations of the Pegasus all sport contrasting leather panels on the upper with a hefty treaded sole in black or translucent tones. Layered white midsoles boost the shoes by several inches, with tonal black versions reimagining the entire model in one shade. The high-top version adds a shin-high suede and leather shaft, with metal buckle closure and the same layered diamond laces seen on the low-top iterations.

Look for Prada’s site and boutiques to carry the women’s Pegasus sneaker in mid-May.

We recently took a closer look at Prada’s wintertime balaclava hood accessory.

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Prada (プラダ) のポップアップストアが伊勢丹新宿店にて開催、ボリュームソールのスニーカーが世界先行発売へ Prada Opens New Pop-Up Store At Isetan Shinjuku . . Prada (プラダ) がレディススニーカーのポップアップストアを伊勢丹新宿店にて開催する。 会期は、3月27日から4月2日まで。 . . 今回のポップアップストアで注目したいのは、存在感抜群の新作スニーカー。 . トレッキングシューズから着想を得たという新鮮なボリュームソールのスニーカーが世界に先駆けて伊勢丹新宿店に登場する。 . ソールのボリューム感とトレッドソールのバランスが独特なデザインのスニーカーは、4種の異なる形状のソールを成型し一体化させた新開発のラバーソールを採用。 . ホワイト×イエローとブラック×ピンクの日本限定色もお目見え。 . 大人気のボリュームソールだけに、誰よりも早く Prada の新作を手に入れてみてはいかがだろうか。 . . ———————— . BRAND ‣ ‣ ‣ PRADA ( @prada ) . { Information } ‣イベント名:伊勢丹新宿店 2F シューズポップアップストア ‣会期:2019年3月27日(水)~4月2日(火) ‣会場:伊勢丹新宿店本館 2 階=婦人靴/プロモーション ‣住所:東京都新宿区新宿3-14-1 ‣問い合わせ先:プラダ クライアント サービス 0120-45-1913 . ‣ Mahana Hosoda ( @manaha_hosoda ) #TheFashionPost #TFP

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Good News In The Stock Market: How You Can Take Advantage

What’s the good news in the stock market?

I am happy to join Money Monday this morning with good news, and that is not an April Fool’s joke. On Friday, the US markets closed out a great quarter. The S&P 500 rose 0.7% to 2834.4, closing out the quarter up 13% for the quarter, its best showing since 2009. The Dow Jones Industrial Average on Friday hit 25928.68, finishing up 11% over the last three months. And the Nasdaq Composite added 16% since January 1, topping 7729. And the Russell 2000 – an index of smaller market cap companies – has its best start of the year since 1991. Overall, investors have a lot to smile about so far this year.

What is behind this investor optimism?

There are a few factors that contributed to the first quarter rally. First, stocks were down sharply at the end of 2019, and many believe the selloff might have sharper than the economic news warranted. Second, investors are reacting positively to the Fed decision, along with other central banks, to pause additional interest rate hikes as the economy has shifted down a gear. The markets are also rallying around the fact that the US economy remains a bright spot in the global economy. Brexit is shaking the UK and Germany’s economy – the biggest in the European Union – has slowed dramatically. China’s growth has cooled as well. So, while the economy here at home isn’t breaking records, it is steady, and that has helped to boost investor confidence.

Is it just select sectors that are giving the markets a boost?

No. Over the past three months, we have seen good news out of all sectors. In fact, all 11 sectors of the S&P 500 sectors kicked off the first quarter higher. That is something we have not seen in 5 years. Now, this is not to say some didn’t do better than others. The tech sector and energy companies started 2019 particularly strong. But we did see gains across the board in Q1.

Are there any clouds on the horizon? Can the bull market continue?

There are some concerns that are weighing on investors’ minds. First, how much has the US economy downshifted? We have seen consumer confidence soften, and with it, consumer spending, which is up slightly after being down at the end of 2018. The Bureau of Economic Analysis also revised GDP growth down to 2.2% from the initial estimate of 2.6% in the final three months of 2018. Many also believe the stimulus effects of the corporate and individual tax cuts are wearing off. Finally, some are concerned about the recent divergence between the stock and bond market yields. They typically rise together when investors are confident.

That said, there is no way of knowing what is around the corner! Perhaps Brexit comes to a quick resolution, or that the US and China reach an agreement to end the trade war. We could see investors continue their optimist streak. And the end of the day, trees don’t grow to the sky, and there will be a correction. We just don’t know when that will be. You simply cannot predict the future.

As we celebrate a strong quarter, what should we keep in mind for our portfolio?

As you know, at Ariel we believe slow and steady wins the race. The best thing you can do is to consistently save and contribute to your retirement and take a long-term view. Do not try to time the market. And remember, never be afraid to ask questions. If the ups and downs of the past few months make you nervous, I would encourage you to speak with your financial advisor or the company that manages your retirement account. You can never have enough information, Tom, and the beginning of the year is as good a time as any to review your retirement account and ensure remain on track.

 


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How To Ensure a Quick Sale in a Competitive Market

Spring is the busiest season in the real estate market and in some areas, it can be quite a competitive time to sell your home with more homes on the market and more buyers looking to purchase. With more buyers, this season can mean a faster sell and a higher selling price provided you take the steps to ensure your home is in move-in-ready condition to attract the right buyers and encourage higher offers!

Get a Professional Opinion

No matter how objective you try to be, the reality is that your view of your home is colored by your own experiences, your personal style and your lifestyle needs which may not match the needs of your prospective buyer. Enlist the help of your realtor and a professional home stager. They can give you insight into the type of buyer that will be interested in your neighborhood, suggest updates and styles that will appeal to that audience and point out flaws that you may have overlooked but that potential buyers will notice.

Focus On Key Areas

There are some areas of the home that will affect the resale of your home more then others. Curb appeal – or the exterior of the home – is a good place to start. If your home looks outdated, dirty or in need of repair, you likely won’t make it past the initial drive-by, let along score a viewing with most buyers. Replace or repair damaged siding, windows, shingles and the like. Clean up the yard and outdoor living spaces. Apply a fresh coat of paint in a modern color to the exterior and any outbuildings, decks, fences or other structures if needed.

With your curb appeal intact, the next step is to ensure the interior of your home is ready to impress as well. It is important to stage each room: a fresh coat of paint in a neutral color, de-cluttering, proper furniture placement and the like can make a huge difference without a huge cost.

The two rooms in the house that should get the most of your attention and budget are the kitchen and bathrooms. If these areas are out of date or need repairs, potential buyers will see that as a major expense and a lot of work. Ensuring these rooms are up to date with modern styles and popular features is an important step to ensure your home stands out and receives top offers. If funding those types of updates out of pocket isn’t an option, a home equity loan can allow you to access the funds to complete the updates and then pay back the balance once the home sells.

Don’t Hide… Repair

It can be tempting to hide defects instead of repairing them. From placing a potted plant over a stain in the carpet to hiding structural issues from potential buyers, it’s always better to do the work in advance. Hiding larger problems like a cracked foundation or a broken central air unit can result in legal action and huge costs for you later on and hiding smaller things like stains or broken items is often ineffective. Potential buyers can be very picked, looking inside drawers, closets, cabinets, under furniture and more. Finding one small hidden problem will tell that that they may find many more that they haven’t seen yet and will actually lower their perceived value of your home. It is always better to repair before you list and if funding is an issue, this is another situation where a home equity loan can be the answer, allowing you to sell your home for a higher value and potentially saving you from legal issues down the road.

Avoid High Maintenance Features

Not all updates are considered equal. While updating your kitchen or bathroom to a more modern style will help increase the value of your home, here are some updates that will actually make it harder to sell. In particular, updates that require a lot of time or cost to maintain and aren’t common to the neighborhood should be avoided. For example, if you live in a neighborhood where every home has a pool, chances are potential buyers will be looking for one. But, if you live in a neighborhood where a pool isn’t common place, potential buyers may be turned off by the cost of maintaining a pool and this can actually hurt the ability to sell your home quickly! If you’re not sure, speak to your real estate agent or home stager before undertaking costly updates to ensure they will offer a good return on investment.

The post How To Ensure a Quick Sale in a Competitive Market appeared first on Home Trends Magazine.

Home Trends Magazine

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Real estate in the UK is a ‘two-speed market’: Knight Frank

Andrew Hay of Knight Frank says buyers are waiting for the moment of "maximum opportunity" to get best value in the residential property market in the U.K. He also says that this "moment" could be "quite close."
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These 31 Tips Will Give Your Resume an Edge in the 2019 Job Market

When you’re on the job hunt, you only have six seconds to hook a recruiter or future employer with your resume.

Six. Seconds.

And with the rise of applicant tracking systems (those doohickeys that scan your resume), figuring out what to include, what to trash, what to highlight and what to downplay on your resume is getting even more difficult.  

We already have an in-depth guide to writing a resume that should help you get started. And, we’ve covered some general guidelines for writing a resume for recent grads on writing a resume.

But with more than 7 million job openings in the U.S., we knew it was time to get serious — and give you a shotgun blast of tips that will help you stand out among the 6.5 million job seekers jostling through the labor market.

We chatted with several human resources and recruiting experts to find out the latest trends in resume writing and bring you inside knowledge about how to make yours stand out.

31 of the Best Resume Tips to You Get Noticed

Blasting your resume out likely won’t get you noticed, unfortunately.

That was the case for Austin Garcia-Cooper, a business development associate at Kobie Marketing in St. Petersburg, Florida, who found himself unemployed in 2018 when the startup he worked for went through layoffs.

“In pretty much all of my previous job hunts, I got lucky and was able to rely on various contacts to get me introductions to decision-makers at companies,” he said. “I hadn’t had to lean on a strong traditional resume, as I was able to almost go straight to the interview process in the past.”

This time, he knew he’d have to rely on a strong resume to hook recruiters.

These 31 tips should help you get started on your resume, and guarantee you get noticed.

Just Get Started on Writing Your Resume

Procrastination can be one of the biggest hurdles while writing your resume. It represents the whole of your working life and you want it to be absolutely perfect, right?

You’ll be constantly tweaking the document to tailor it to each job in which you apply, and to incorporate feedback from friends and even HR managers with whom you’ve interviewed. So it doesn’t have to start out perfect — it’s not a static document.

The key is to just sit down and get started on your resume right away, said Colin McIntosh, CEO of Sheets & Giggles, former recruiter, and author of the second most popular Reddit post of all time on the “jobs” subreddita resume guide.

“It’s like fishing without bait; make a resume on day one of a job hunt,” he said.

1. Ask yourself a set of questions before getting started

A woman poses for portraits outside of Treaty Oak, a tree where its limbs touch the ground, in Jacksonville, Fla.

To get in the right mindset for writing your resume, start by asking yourself — and answering — a set of questions. According to Jessica Hernandez, founder of North Florida-based Great Resumes Fast, these can include:

  • What are you most proud of in your professional career? You’ll want to focus on accomplishments rather than specific job duties while filling out your resume. Ask yourself this question about each previous job.
  • How did you add value — efficiency, cost saving or just happiness — to the company at which you last worked? Recruiters and HR managers want to see quantifiable results when they look at your previous positions. Did a process you implemented lead to a 10% growth in sales?
  • Can you explain what you actually did at your previous positions? For recruiters, clarity is king when it comes to describing your previous positions. Explain to a friend what you did at a previous job — do they understand your role? Avoid jargon and cliches.

2. Block out time to write your resume

Whip out that bullet journal, planner or even your Google calendar and carve out a specific time frame — an hour or two — and sit down and write. Just think: If you don’t have a resume, you can’t get a job and you won’t get paid.

“Don’t wait because you’re nervous about rejection or [have a] fear of failure. Decision paralysis can be a killer when you’re overly worried about bad outcomes.”

3. Spend time poring over the job description/listing

Grab a red pen or highlighter, print out the job description and start highlighting words or phrases you see repeatedly. Once you’ve done that, circle the ones you know you have in common with the description.

For example, if you see “analytical thinker” several times and you consider yourself one, circle that. These will likely be keywords recruiters are looking for on your resume.

4. Reach Out on LinkedIn

Don’t be shy: Make a connection with someone at the company over LinkedIn and ask what key skills or qualities they might be looking for in a candidate. This will help you bolster those keywords.

“I actually did this, but didn’t until after a month or two of searching,” said Garcia-Cooper. “It was super helpful to pick someone’s brain who hires people or got hired for a similar job that you would want; they obviously did something right.”

5. Tweak your resume based on the jobs you’re applying for

Your resume should not be static. That is, you should be customizing it for each job you are chasing.

Garcia-Cooper applied for jobs in a variety of industries, which means he had to tailor his resume for each position. This isn’t uncommon, and you should be prepared to tweak your resume based on the position and keywords in each job description.

6. Pay someone to write it

This may not seem like much of a tip, but if you want to get right to the job hunt, pay someone else to write your resume. Take it from us, writing is hard, and there are plenty of companies that have sprung up out there offering resume-writing services.

Loren Margolis, CEO of Training & Leadership Success, suggests reading reviews of these companies and asking for resume samples before paying for the service.

“One easy rule to follow: If an agency or individual doesn’t show you their templates up front and explain why — for free — they’d want to make certain decisions on your format, don’t work with them,” McIntosh said.

7. Shell out cash for the design

A man stands for a portrait in downtown St. Petersburg, Fla.

If you’re not the design-savvy person, it might be worth to pay for a custom template to get you started. Don’t just go with the first free template you find in Microsoft Word.

Garcia-Cooper used Visual CV to design his resume instead of going with a template that’s already out in the wild. This is especially helpful if you’re not the creative type and will incorporate many of the tips we highlight below.

Keep Formatting Simple

It might be tempting to add color, graphics or even a headshot to make your resume stand out. But according to resume experts, it’s best to keep it as simple as possible.

You can always add inline links to your LinkedIn profile or personal portfolio on your resume if you want to show off your creative side.

8. Don’t choose a fancy font

Err on the boring side with your font selection. Recruiters are looking for something easy to read that won’t be distracting — think Arial or Georgia, said Margolis.

9. Stick with a classic color scheme

We get it, you want to wow a recruiter or future employer with your creative spark. But you’re not Elle Woods, and as much as it may hurt, you want your accomplishments to speak for themselves. A fancy font can distract from that.

“I’ve seen a lot more color in resumes recently from applicants,” said McIntosh. “But I wouldn’t recommend that. Black and white is always the way to go.”

10. Use bulleted lists under each previous position

Short bullet points will highlight your accomplishments while making it easy for future employers to scan your work history. Also, it should (hopefully) make you mindful of rambling too much about your job history.

Recruiters will spend between six and 10 seconds reading your resume, so you want to make it as skimmable as possible, Margolis said. Short bullet points will highlight your accomplishments while making it easy for future employers to scan your work history.

11. Write in the software you want, but save it as a .pdf

Submitting a Word document of your resume could cause an applicant-tracking system to ignore it and also give recruiters without Microsoft Office a headache. Save your resume as a .pdf to avoid any problems with cross-compatibility.

12. Stick to 1 1/2 pages or less

There is still some disagreement about resume length among HR professionals.

Margolis said it’s OK to write your resume so it ends up longer than one page — but stop at 1 ½. Recruiters are more inclined to read past the first page than they have been in the past, but remember, they’ll still give you only six to 10 seconds.

McIntosh remains in the one-page-only camp.

13. Be aware of white space

Try to let your resume breathe. Add a few carriage returns between sections, or use a template that formats text so it isn’t crammed together.

Your resume is a single document aimed at summing up your entire professional life, so it’s not a surprise that you’ll want to jam as much information into 1 ½ pages as possible. Don’t do it.

“You don’t want a recruiter to get tired reading your resume because it’s filled with so much font,” Margolis said.

14. Consider a website

Since you only have 1 1/2 pages to sum up your career, you might want to consider making a website to expand on your experience — or include your professional portfolio. Make sure it is optimized for mobile devices, since a recruiter might open it on their phone.

“That is a terrific way to showcase not just your resume, but also your background,” Margolis said. “You can create a story about how well qualified you are for the jobs your targeting.”

The Nitty-Gritty: What to Include on Your Resume

15. Think about accomplishments rather than roles and responsibilities

A woman shows what a good resume should look like.

When you’re writing your resume, think more about what you have accomplished at each step of your career rather than what your responsibilities were. Did you edit a daily e-blast or have a hand in launching a first-of-its-kind online newsletter?

If you started with those questions from earlier in this post, you should have a good idea what you accomplished at each position.

16. Keywords are still king

Your resume will likely go through an applicant-tracking system, which will search for those keywords we discussed earlier. Recruiters will do the same as they skim your resume for those six seconds. So include the relevant phrases or words for the job description (those you highlighted and circled earlier) throughout your resume.

“However, while you want to incorporate keywords from the job posting in your resume, my advice is don’t get too crazy,” said Mikaila Turman, a vice president and expert in recruiting at Inflection, an Omaha, Nebraska-based company that uses big data to perform automated background checks.

17. Don’t include the dates in your education section

Regardless of how old you are, you can avoid any chance of age discrimination by excluding dates under the education section of your resume.

“Protect yourself and do not put graduation dates on your resume,” Hernandez said. “It’s pointless to do so.”

18. Consider omitting your first name

Don’t hide your name, but consider using your first initial to avoid any unconscious gender bias as well. McIntosh said this a positive trend he’s noticed in the world of resume-writing.

You should, however, still use your full name in the application and in your email.

19. Eliminate your address

Don’t put your exact address if you’re applying for jobs within the area. The street name and number will just add clutter.

But, what if you’re applying for a job in another state and don’t want to be at a disadvantage due to relocation? In that case, either exclude your location altogether, or add “Moving to:” in front of the city and state of the job to which you are applying.

20. Fill in the gaps

If you were truly unemployed, add a section in which you describe yourself as an independent consultant. Under the description, write that you needed some flexibility to take care of personal matters, McIntosh suggests.

When Garcia-Cooper was job hunting, he was working for his father’s landscaping businesses. But he didn’t include that on his resume because he didn’t think it was applicable experience.

He could have included it, one recruiter told him, because it shows that he was always working.

“I remedied this by realizing that there was relevant experience in almost all of my previous jobs,” he said. “It just came down to framing it correctly.”

21. Show some personality with an interests section

Including a section in which you list your hobbies and interests will help avoid being seen as a faceless resume and give something for recruiters to connect with.

“If you put “Seinfeld,” I promise someone will ask you what your favorite episode of Seinfeld is — (mine’s ‘The Soup Nazi’),” McIntosh said.

22. Don’t be afraid of life links

In the past, including links in your resume might trigger a spam filter through certain email clients, so human resources experts advised against including them. That’s changed, said Hernandez, and including links to your LinkedIn, personal website or portfolio can add depth to your resume without making it too long.

“I would say this very important — especially in 2019,” she said.

23. Get rid of the objective

Consider skipping the objective section at the top of your resume, which just takes up valuable space.

“The truth is, your objective is painfully obvious,” said Heather Rothbauer-Wanish, owner of Feather Communications, a resume-writing business in Wisconsin. “In fact, you wouldn’t be sending a resume if you didn’t want a new job.”

24. Be specific and avoid cliches

There’s nothing more grating for a recruiter than reading a mealy-mouthed jumble of cliches. And with the algorithms within applicant-tracking systems searching for specific words and phrases, it’s always best to be as specific and clear as possible in position titles, accomplishments and job responsibilities.

25. Avoid pronouns and use action verbs

Avoid using “I” or “me” while writing your resume. Use action verbs like “built” or “launched” at the beginning of bullet points.

“Resumes are like no other document you’ll ever write in that you’re supposed to sound like a caveman,” said Margolis.

26. Don’t try to quantify skills

Hernandez said you should avoid terms such as “proficient,” “experienced” and “skilled in” when describing software or skills. If you have some experience in Excel, just put “Excel” next to a bullet point in your skills section.

Make It Bulletproof: Proofread Your Resume

27. Print out your resume in a huge font size

You’ll probably read through your resume so many times on your computer screen that your eyes will cross. Printing it out will help you catch mistakes you might otherwise overlook.

Pro-tip: Use a much larger font to help yourself identify mistakes even more. There’s no quicker way for a resume to end up in the trash than being riddled with grammatical or spelling errors.

“Reading aloud is helpful, too,” said Margolis.

28. Have a friend read your resume

Ask one (or many) of your friends to read through your resume to try and catch any mistakes. You should also ask them to read it for clarity.

Does it convey exactly what you have accomplished? Is it clear what value you will bring to the company?

29. Pay a copy editor to read it

Go on Fiverr or Upwork and look for proofreaders or copy editors to take a look at your resume. Since it’s only one page, you’ll likely pay $ 5 or $ 10 — which could be worth it to catch a small mistake before a recruiter has a chance to notice it.

30. Use this naming convention for the file

Here’s how you should name your resume file: “[First name] [Last name] [Resume].pdf”. It will help recruiters identify whose resume they are looking at right away.

31. Ask for feedback if you get rejected

Most recruiters will be happy to provide feedback on your resume if you don’t happen to land that job you were chasing. In fact, that’s how Garcia-Cooper learned he should avoid leaving gaps in his work history.

Alex Mahadevan is a data journalist at The Penny Hoarder.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

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How Eli Lilly’s new generic insulin could impact prices across the market

The list price is $ 137.35 per vial.
ABC News: Health

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New FDA policy could get some flavored e-cigarette products pulled off the market

The US Food and Drug Administration released a policy draft Wednesday aimed at preventing e-cigarette products from getting into kids’ hands. The result could be that some flavored products are taken off the market.


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Free-agent frenzy? How active all 32 NFL teams will be in the market

Which teams will go after Le’Veon Bell or be the most aggressive when the market opens next week? NFL Nation breaks down what to expect from every team.
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U.S. senators press for Huawei to be excluded from solar power market

A bipartisan group of
senators on Monday urged the U.S. government to block Huawei
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generators just as it has acted to keep the Chinese giant out of
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Chinese real estate is a ‘two-speed market’: Portwood Capital

Peter Churchouse of Portwood Capital says property prices in China's tier three and tier four cities have bounced "very strongly" over the past year, whereas the country's tier one and high tier two cities have been "pretty flat."
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PayPal CEO predicts digital payments industry will mature into a $100 trillion market

"We live in the space of digital commerce and digital commerce is exploding still around the world … and we're riding that wave," PayPal CEO Dan Schulman says.
Economy

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Aging Americans are a big market for tech investors, who also want to track their parents

Techies are finding new uses for consumer devices to help monitor their aging parents, who are increasingly opting to live independently.
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Qatar’s real estate market faces reality check ahead of World Cup

Qatar’s Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide real estate boom, but today about half of its 46 floors are empty.


Reuters: Business News

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U.S.-China Trade Fight Risks Fragmenting Global Market, Says Beijing Ambassador

The trade fight between the U.S. and China risks fragmenting the integrating global market, China’s ambassador to the U.S. Cui Tiankai said in an interview. He was speaking ahead of the summit meeting between President Trump and President Xi Jinping in Buenos Aires later this week.
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The fate of the market this year could be in the hands of the ‘Powell Put’

In a Fed connotation, a put would be a point at which Powell would not let the market fall below before he steps in with more stimulus.
Economy

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NYC orders restaurants to stop serving weed-related CBD, threatening booming market

New York City's health department said restaurants in the city "are not permitted to add anything to food or drink that is not approved as safe to eat."
Health and Science

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Economist Ed Lazear: The stock market is the best economic indicator and it’s signaling caution

"Given the volatility in the market," Lazear argues, "probably a few weeks worth of patience is not a terrible thing at this point" from the Fed on interest rates.
Economy

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America’s richest are losing confidence in the stock market

The rich and famous want out of this volatile market. America’s wealthiest people have lost investing confidence — and they may be right on the verge of a flight to the safety of CDs and other cash products as market losses mount, with a staggering $ 13 trillion estimated by ET Intelligence Group to have vanished…
Business | New York Post

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Health-care stocks are a way to ride this market comeback, Charles Schwab chief strategist says

The S&P 500's 3 percent rally thus far in 2019 is "pretty decent," but the odds of it being long-term are "relatively slim," says Liz Ann Sonders.
Health and Science

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Market turmoil raises the stakes for Trump’s competing China negotiators Mnuchin and Lighthizer

As the U.S. and China race to meet a March 2 deadline to reach a trade deal, the ideological divide between the White House's two trade camps, led by Lighthizer and Mnuchin, has taken on a new significance.
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The winners and losers of the 2018 stock market

Believe it or not, there are some diamonds in the rough of the 2018 stock market. And some pretty big names, to boot. Here’s a breakdown of the storied winners and losers as the major indexes hovered around bear market territory:  Longtime laggard Chipotle Mexican Grill, known for being peppered in past years amid food…
Business | New York Post

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Stock market ends turbulent week on a low note

Wall Street was reaching for the Dramamine Friday in a bumpy trading session that saw major indices dip in and out of negative territory. The Dow Jones industrial average closed down 76.42 points — or 0.3 percent — at 23,062.40 after gaining as much 243 points in earlier trades. Friday’s close capped an historically volatile…
Business | New York Post

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Market hasn’t hit bottom but investors can start to ‘nibble’ on stocks, says Bespoke’s Paul Hickey

Investors can start finding some buying opportunities in the market — as long as they have a strong stomach, says Bespoke's Paul Hickey.
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Jobless claims signal labor market strength, consumer confidence tumbles

The number of Americans filing applications for jobless benefits fell marginally last week to near a 49-year low, pointing to underlying strength in the labor market.
Economy

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Fed survey points to a scaling back of bets on emerging market gains

Most financial market credit officers surveyed by the Federal Reserve in November said their big clients were exposed to emerging markets but were scaling back bets emerging market assets would rise in value, the U.S. central bank said on Thursday.


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Steven Mnuchin calls top bank CEOs after last week’s market meltdown

Treasury Secretary Steven Mnuchin phoned the heads of the largest US banks on Sunday to make sure they had enough cash in expectation of a jittery market opening on Wall Street. Mnuchin, who was reportedly vacationing in Cabo, released a statement that said the CEOs of six large banks confirmed they had enough liquidity for…
Business | New York Post

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Hedge-fund veteran Mark Yusko is predicting a ‘dreadful bear market’ in 2019

There will be a lot of 'spiky' rallies in next year's bear market, with the end ultimately being 'a bad place.'
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‘It’s Been a Rout’: Apple’s iPhones Fall Flat in World’s Largest Untapped Market

Global smartphone sales are flattening, which is why Apple and others are looking to India and its millions of newly minted consumers for growth. Yet the tech giant’s market share is falling, revenue is coming in well below expectations and its top leadership ranks are in turmoil.
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WATCH: World News 12/11/18: Deadly Terror Attack At A French Christmas Market

The Oval Office showdown between Trump and Schumer, Pelosi; IN high school football player confesses to killing pregnant cheerleader
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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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J&J loses $39.8 billion in market value after report claims J&J knew about asbestos in baby powder

Investors sold off shares of Johnson & Johnson on Friday after a Reuters report said the company knew for decades that its baby powder contained asbestos, an allegation J&J has denied.
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Bad communication is why the stock market has been so down

It’s the holiday season. The economy is the best its been in over a decade. So what’s got the stock market so down? To make a holiday cocktail as strong as our current volatility, you’d need several key ingredients. The bartender would add two shots of Federal Reserve — way more than needed. A shot…
Business | New York Post

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Market experts: Don’t bail on stocks in 2019

Don’t bail out on the stock market just because your stomach can’t take it, market pros suggested last week. Yes, it will continue to be a rocky ride for investors. And yes, a bear market will eventually come (if not for a couple of years). But neither the stock market nor the economy is likely…
Business | New York Post

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Foxconn Considers Bringing Chinese Workers to Wisconsin as U.S. Labor Market Tightens

Facing one of the tightest labor markets in the U.S., Foxconn has been trying to tap Chinese engineers through internal transfers to supplement staffing for its planned Wisconsin plant, according to people familiar with the matter.
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Work Report 2018 – For Now, It’s An Employee’s Market

FRIDAY SAW THE RELEASE OF THE OCTOBER JOBS REPORT. WHAT WAS IN IT?

Overall, Friday’s jobs report contained really positive news. According to the Labor Department, the economy added 250,000 jobs in October. That did not change the unemployment rate, which held steady at 3.7%, tied with the lowest rate December 1969.

But most importantly, we saw strong wage growth and labor market participation figures, which tell us that more Americans are finally seeing better numbers on their paychecks. Wages increased 3.1% from a year earlier, the best year-over-year gain for average hourly earnings since 2009.

And the percentage of prime-working-age adults — those between 25 and 54 — rose to 79.7 percent, up from 79.3 percent in September. However, there is still room for growth here, as that figure was 80.3 percent in January 2007 and 81.9 percent in April 2000.

WHY ARE WAGES RISING?

This is primarily a story about the labor market. With relatively few unemployed Americans looking for work, to secure access to qualified employees, companies are increasingly having to raise wages to attract workers away from other employers. That has been the case the past few years for higher skilled jobs such as engineers or technology workers, but now we are seeing the same thing play out for lower-wage jobs

HOW DOES THIS WAGE GROWTH COMPARE TO PRE-RECESSION LEVELS?

While it is undoubtedly good news compared to the past decade, in historical terms wage growth remains soft given the strength of the economy and the tight labor market. In the early 2000s and late 1960s, wages were growing at 4% or better year over year. However, part of this may be tied to worker productivity, which was growing faster during those periods, and is often a factor in wage growth rates.

CAN WE EXPECT WAGE GROWTH TO CONTINUE?

Based on what we know about the tight labor market and the fundamentals of the economy, it seems likely we will continue to see wages grow. What we do not know is if growth will continue to be significantly higher than inflation in order for Americans to see real gains in purchasing power.

For example, if workers who have sat on the sidelines continue to look for jobs and push labor market participation higher, wage growth could slow. If worker productivity increases, wage growth could pick up. We will have to wait and see.

WHAT ONGOING EFFECTS DO RISING WAGES HAVE ON THE ECONOMY?

Higher wage growth will have a ripple effect across the economy. These job and wage numbers mean we are likely to see consumers continue to spend money. U.S. consumer spending rose for a seventh straight month in September.

That is good news for the economy as a whole. However, wage growth could dampen investor optimism and impact the markets.  Higher wages mean increased labor costs for companies and will certainly revive concerns the Fed will continue to hike interest rates, making borrowing more expensive for companies and individuals alike.


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Mellody Hobson is President of Ariel Investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS News.

 

 

 

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Next steps to take after stock market unpredictability

So now that the market correction is over, it’s time to take stock, engage in a little self-reflection of your buys or sells, if you made any at all. But it’s also a time for the Trump administration to do some soul-searching and review its handling of the hysteria that gripped the markets and kitchen…
Business | New York Post

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Luxury car owners trade up for American pickups as Ford, GM and Dodge trucks dominate market

While trucks have traditionally been the sort of vehicles you'd expect to see on a farm or at a work site, demand has been surging among regular buyers who are opting out of sedans and coupes and replacing their family vehicles with pickups and SUVs.
Tech

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Home flippers are fleeing the market as their profits shrink

A combination of higher costs and lower demand is putting a chill on the once hot house-flipping market. Following the epic housing crash, flippers bought up distressed properties at bargain prices, fixed and flipped them to residents or investors.
Real Estate

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The big number from the October jobs report could be bad news for the market

October's nonfarm payrolls report Friday could bring some good news for the jobs market, which might be bad news for the stock market.
Economy

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Increase Your Market Share: How to Woo Homeowners That Have Yet to be Influenced

More than 80% of homeowners request quotes before they know who they want to work with or the product brand they prefer. If you’re hyper-focused on increasing your own SEO and brand awareness, you’re missing out on a larger reach of homeowners that have yet to be influenced.

By understanding homeowners’ consumer behavior, you’ll be able to achieve the competitive edge and increase your market share. Watch our webinar recording here to learn ways your business can increase your market share such as:

  • Insights into Modernize’s proprietary homeowner survey data,
  • Uncovering homeowner buying trends,
  • Tactics to case a wider net by leveraging homeowner consumer behavior,
  • Digital marketing tips and tricks for today’s residential home improvement companies.

To capture a piece of the 1.5 million homeowners that find their contractor through Modernize each year, contact us here!

The post Increase Your Market Share: How to Woo Homeowners That Have Yet to be Influenced appeared first on Modernize.

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Stocks just broke a key level and what’s next could decide fate of bull market

The stock market sell off sent the S&P 500 below a key level Tuesday morning, and how it trades next could determine whether the market is close to finding a bottom or more selling is ahead.
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JP Morgan’s widely-followed market analyst says it’s time to buy the dip

J.P. Morgan is telling its clients to make the most of the market's massive sell-off this week. 
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10.11.18 Obamacare premiums going down; Google security breach; Stock market troubles

Obamacare premiums are going down to the surprise of many. Also, a couple of new laws could make it easier for you to save on prescription drugs; Google’s security breach was not handled well. Clark tells you to start using Duck Duck Go instead of Google’s search tool; The stock market has had a tough couple of days. Clark gives his thoughts.

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The Stock Market Cleaned Out Billionaires Over the Past Week. Here’s Who Lost the Most

Billionaires have won big in the long-running bull market that may be teetering on the edge of ending. But they’re also set to lose big. Over the past week, the world’s wealthiest have collectively dropped about $ 50 billion in estimated net worth.

What’s $ 50 billion among the world’s uber-rich? Enough to leave a mark, that’s for sure, but they aren’t hurting for cash–yet. For perspective though, in addition to being the amount of evaporating wealth, $ 50 billion is also the amount of the U.S. trade deficit in July, the first round of Trump’s tariffs against China, and the market value of Target–with $ 5 billion to spare.

So how exactly has the stock market selloff impacted the net worth of world’s richest people? Here’s who took the biggest bath this week, and how much it cost them:

Jeff Bezos (-$ 15 billion)

Amazon’s founder, the world’s richest person, stood to lose the most. And that he did. Jeff Bezos’ net worth dropped from $ 161 billion a week ago down to $ 140 billion on Thursday. That still puts him standing arms akimbo on top of the heap of lesser billionaires, but his company’s focus on consumer goods, which could be further affected by import tariffs and trade wars, could push him closer to more diversified super rich.

Bernard Arnault (-$ 5.9 billion)

Arnault is the longtime chairman and chief executive of LVMH (Mo?t Hennessy Louis Vuitton SE), the world’s largest luxury goods company. He’s also the richest person in Europe, and accordingly, his net worth went down with the crash, from $ 73.5 billion to $ 67.6 billion. At one point, he was down to $ 66.9 billion, but his portfolio seems to be rebounding already.

Warren Buffet (-$ 5.4 billion)

Even the Oracle of Omaha couldn’t predict the market volatility of this past week. Buffet initially saw gains from the $ 90 billion he started with a week ago, climbing to $ 92 billion by Oct. 9. But ultimately, he came crashing down, finishing Oct. 11 with an estimated $ 84.6 billion

Pony Ma (-$ 4 billion)

The China-based Tencent is one of the world’s largest Internet companies, and Pony Ma (Ma Huateng) is the founder, chairman, and chief executive, and maintains extensive holdings in the company. While Tencent dominates Chinese gaming, chat, investment, and other arenas, the global stock pullback pushed his net worth from $ 32 billion down to $ 28 billion.

Bill Gates (-$ 3.9 billion)

Microsoft co-founder Bill Gates has shifted out of the fast-paced life of a technology dominator into the role of public-health and education philanthropist. But despite regular transfers of wealth to the Bill and Melinda Gates Foundation, he doesn’t find himself pulling his pockets inside out for change. Gates, the second-richest person in the world, saw his worth drop from $ 98.7 billion to $ 94.80 billion in the last week.

Larry Page (-$ 3.8 billion)

Google co-founder Larry Page remains actively involved in the management of Alphabet, the holding company of Google and other ventures, has been buffeted lately by concerns about the company navigating forward with a reported China-targeted search engine acceptable that country’s censors, and military-contracting work. Page’s net worth dropped from $ 57.10 to $ 53.30 billion since Oct. 4.

Fran?ois Pinault (-$ 3.8 billion)

Fran?ois Pinault, among France’s richest people and the head of one of the nation’s wealthiest families, is the 82-year-old self-made billionaire behind Kering, which owns a large array of luxury-goods brands, like Gucci, LVMH, and Yves Saint Laurent. He also personally owns Christie’s, the long-established auction house. His portfolio slumped from $ 32.4 billion to $ 28.6 billion.

Sergey Brin (-$ 3.6 billion)

Google’s other co-founder has similar holdings and suffered similar losses as his partner, Larry Page, with Sergey Brin dropping from a reported $ 55.6 billion to $ 52 billion.

Frank Wang (-$ 2.54 billion)

Frank Wang may seem like an outlier and a relative unknown in this list, with a net worth estimated on Oct. 11 of just $ 6.74 billion. But he’s also one of the biggest net losers, dropping from $ 9.28 billion in the last week. Wang’s holdings are tied up in DJI, the biggest maker of commercial and civilian drones in the world, and a company he founded in 2006. As a privately held company, estimates of his net worth over the short term may be more volatile, but DJI has a high degree of exposure to Trump’s trade wars with China from several angles, including the cost of raw goods globally and import tariffs imposed on the lucrative American market potentially reducing revenue.

Steve Ballmer (-$ 2.4 billion)

Bill Gates’s earliest lieutenant, Ballmer took over Microsoft for several years and missed out on the mobile revolution. Forced from the company, he’s found solace in $ 40.1 billion of personal wealth, down from $ 42.50 billion a week ago–and his ownership of the Los Angeles Clippers NBA basketball team.

Mark Zuckerberg (-$ 2.1 billion)

Despite the many investigations, disclosures, and security problems Facebook has faced in recent months, Mark Zuckerberg saw the least losses among his dot-com peers. He was worth $ 62.9 billion a week ago, and now $ 60.8 billion.

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Dover Street Market Introduces Danish Jeweler Griegst During Frieze

FATHER TO SON: Arje Griegst forged a unique path as a jeweler and sculptor, since founding his eponymous label in the Sixties, and now a whole new generation has the chance to own — and wear — his work.
Two years after his father’s death, Noam Griegst is setting out to honor his legacy and bring pieces from his archive alive. They’re currently on display — and for sale — outside Copenhagen for the first time at Dover Street Market in London. The store is debuting 10 reissued designs by the late jeweler during the Frieze Art Fair, which runs until Sunday.
Griegst’s commitment to craftsmanship was unrivaled: He made his first piece of cutlery at age 10, received a De Beers Prize at 19 and went on to create a world of his own inside his Copenhagen studio, designing sculpted pieces in gold and precious stones and often receiving commissions from the Danish Royal Family.
“A single ring could take two years to make. He would cast it in wax, again and again, until it was perfected, and in the meantime we were all starving at home and my mum would go completely crazy,” Noam said in an interview. “I’ve been working

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‘Rip-roaring hot’ jobs market sees private payrolls surge by 230,000, highest since February

Job growth surged in September to its highest level in seven months as the economy put up another show of strength, according to a report Wednesday from ADP and Moody's Analytics.
Economy

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