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The resignation of Glossier CEO Emily Weiss inspired another wave of obituaries for young, female founders. Nevertheless, they persist—and refuse to be put on glass pedestals again. I n October 2021, Rent the Runway cofounder Jennifer Hyman took her 12-year-old subscription fashion company public at a $1.7 billion valuation, valuing her 5.1% stake at nearly $49 million. The 41-year-old CEO was one of only about 25 American women in history to go public with a company she had founded. But Rent the Runway’s IPO was even more unusual for not only having a female founder but also a female CFO and a female COO. Hyman celebrated the moment on a flowery Nasdaq podium surrounded by the key women on her team, her two daughters and a shower of pink confetti. But for all the femininity on stage, there is one word that Hyman would not use to mark the moment: “Girlboss.” “We've created a false narrative because we looked at two or three examples of women who were building businesses … [Read more...] about Why Female Entrepreneurs Welcome The End Of The Girlboss Era—Once And For All

Shares of Morgan Stanley ( MS ) climbed after the bank announced plans for stock dividends and buybacks . Morgan Stanley shares rose over 3% after the company increased its dividend and announced a $20 billion stock buyback. Goldman Sachs, Bank of America, and Wells Fargo also boosted their dividends. Goldman had one of the largest dividend increases, with a 25% hike to $2.50 per share. Bank of America’s increase came to 5%, while Morgan Stanley raised its dividend by 20%. JPMorgan and Citigroup both held the line on their dividends, and said that increasingly stringent capital requirements forced the firms to keep them unchanged. JPMorgan did announce a new $30 billion stock buyback plan that began back in May. "It is notable that JPMorgan and Citi did not increase their dividends given that they are much more cautious about the health of U.S. consumers than other banks, and even though they have ample capital to sustain a downturn, they still think it is prudent to be … [Read more...] about Big Banks Announce Dividend Plans

- A + A KUALA LUMPUR (June 28): Poh Huat Resources Holdings Bhd's net profit for the second quarter ended April 30, 2022 (2QFY22) jumped 81.75% to RM23.08 million from RM12.7 million in the same period last year, mainly driven by higher furniture shipments from Malaysia. Quarterly revenue grew 12.57% to RM186.34 million from RM165.53 million, as production activities for both the group's operations in Malaysia and Vietnam continued to do well on the back of sustained orders from its customers in North America. "In particular, our Malaysia operations registered strong growth compared to the previous year's corresponding quarter as we ramped up production to clear order backlogs following the resumption of production after MCO 3.0 (Movement Control Order 3.0). Our Vietnam operations also registered higher shipment, albeit at a more modest level," Poh Huat said. As such, its earnings per share almost doubled to 8.71 sen from 4.79 sen previously, its bourse filing … [Read more...] about After 82% jump in 2Q profit, Poh Huat sees signs of demand slowdown in US amid soaring prices

New York (CNN Business) The coronavirus pandemic has forced everyone to get creative. Whether through Zoom meetings , online fitness classes or take-out cocktails , companies in nearly every industry are pivoting to get through the crisis. Some work-arounds have been especially creative, such as individual exercise "pods" to get people back into gyms. But beyond short-term fixes, many innovative new strategies and business models have emerged that are likely to stick, even as many jurisdictions begin to reopen in some capacity. In many cases, these transformations are thanks to the increased adoption of technology and the digitization of businesses. Many of these changes were underway pre-coronavirus; the pandemic has just accelerated them. "What's important to customers has changed," John Roese, Dell ( DELL ) Technologies chief technology officer , told CNN Business. "We've broken through a bunch of psychological or … [Read more...] about Here are some of the creative new business models and strategies that have come out of the coronavirus pandemic

Our exposure to chatbots is at an all-time high. From customer service to commerce to healthcare, chatbots are the fastest growing brand communication channel , thanks to their ability to handle issue resolution, remove friction in surfacing common information, and enable self-service to relieve human bottlenecks. advertisement advertisement But the growing chatbot landscape shows signs of fracture. In a recent study, over half of consumers who use chatbots cite dissatisfaction due to the frustration caused by “inconsistent answers” across chat and human assistance, while ranking preference of digital service channels like social media, human chat, and even email over chatbots. A finer point still, 60% of consumers would still rather interact with a human than a brand’s chatbot because of the ability to solve more complex and personal problems. The irony is that a chatbot’s premise to exist is to offload human-to-human interactions while … [Read more...] about Chatbots need to evolve to stay relevant in the age of virtual assistants

Running back Carlos Hyde #30 of the Seattle Seahawks rushes for a third quarter touchdown against the Washington Football Team at FedExField on December 20, 2020 in Landover, Maryland. Patrick Smith/Getty Images/AFP The Seattle Seahawks punched their NFL playoff ticket on Sunday, rushing for 181 yards and thwarting a late Washington rally in a 20-15 victory. Seattle is back in the postseason for the ninth time in 11 seasons under coach Pete Carroll. The Seahawks appeared to be cruising toward victory when they took a 20-3 lead early in the third quarter. Chris Carson, Carlos Hyde and quarterback Russell Wilson all topped 50 yards rushing. Hyde scored one of the Seahawks’ two touchdowns on a 50-yard run and Wilson connected with tight end Jacob Hollister on the other. But a turnover and a spell of offensive doldrums opened the door to Washington backup quarterback Dwayne Haskins, who engineered two fourth-quarter touchdown drives. Sacks by Seattle defenders L.J. … [Read more...] about Seahawks hold off Washington, clinch NFL playoff berth

Sue Ramirez (left) as Kim and JC Santos as Bob in “Boyfriend No. 13” Just like her, I think I was put in this world to love.” Thus said Sue Ramirez about her character Kimverly Santillan in the WeTV Original romantic comedy series “Boyfriend No. 13.” “I can’t blame her because—I won’t deny it—I love the feeling of being in love, too. Ako’y marupok at mapagmahal,” she said, laughing, during the recent virtual media conference organized by the streaming app WeTV. In “Boyfriend No. 13,” Ramirez plays Kimverly (Kim, for short), a romance novelist who lives her life “according to the cards, the stars and her superstitions.” Her every move is calculated to avoid misfortune. She would read her horoscope daily, wear her lucky charms to ward off bad luck and consult her fortune teller regularly. When she meets the tall and charming doctor, Don Lee (JC De Vera), all signs indicate that he is her destiny. On the other hand, there’s the roguish and rugged officemate Bob (JC … [Read more...] about Stars of ‘Boyfriend No. 13’ check zodiac signs for matters of the heart

MASKED CELEBRATIONS Thousands of devotees turned up at a Mass in Tondo, Manila, during the Feast of the Sto. Niño (Child Jesus) on Jan. 17 this year, wearing masks and face shields. —MARIANNE BERMUDEZ MANILA, Philippines — Christianity was introduced to the Philippines 500 years ago, the faithful have found ways to weave the Filipino culture into their expression of faith, particularly through religious festivals or fiesta — joyous occasions that fill communities with color, hope and a sense of unity. “Although Christianity — the prayers, rituals and devotions — comes from Europe, the past 500 years have shown that the Filipino people have not only embraced Christianity; we have given it a ‘Filipino flavor,’” said former Manila Archbishop Cardinal Luis Antonio Tagle. In “Fiesta: Ang Makulay na Pananampalatayang Pilipino,” a documentary film produced by Jesuit Communications to commemorate the 500 years of Christianity in the country, some Filipino festivals and traditions are … [Read more...] about Fiestas survive pandemic albeit on socially distanced, masked or virtual scale

There's no question that classical music concerts are back in full effect in Petaling Jaya and Kuala Lumpur. With full line-up orchestras, the joyous boom of classical music halls now continues to reach out and grab people of all ages each weekend. Audiences and players – no matter the size of the classical show – are feeding off each other’s energy. Treat yourself to a classical concert or more next month. REMINISCING WITH THE KLPAC STRING ORCHESTRA Venue: KLPac Date: July 1-3 The KLPac String Orchestra starts off the “classical” month of July with a mainstream concert spanning the Baroque and Romantic eras right to “pop specials for strings” film themes. Edward Elgar’s Pomp And Circumstance March No. 1, first composed as a military march, is a grand statement on the setlist. Other well-known classics include Johann Strauss II’s Blue Danube Waltz, Johann Sebastian Bach’s Brandenburg Concerto No. 5, Ludwig van Beethoven’s Symphony No. 7 and Pavane by … [Read more...] about Classical music fans rejoice! A bumper concert month awaits in July

Here's a challenge: Figure out a way to shoot your top-rated television show while all of your stars, crew, and talent are forced to stay home . Even better: Plan, shoot, and film a musical sing-along special under those same conditions--and do it in a week. Or, record your daily late-night show without access to your studio, your crew, or an audience of any kind. Sure, in a world where people still can't find toilet paper at the grocery store, how Hollywood produces shows might not seem like a big deal--but hear me out. There's a lesson here for every business . As much as people need toilet paper, or anything else right now, people need some form of "normal," whatever that may mean. People are counting on their favorite forms of entertainment to unwind and stay sane right now. The problem is, productions have largely shut down amid social distancing and stay-at-home orders. A few shows, however, have figured out creative ways to keep things going. … [Read more...] about How the iPhone Is Becoming Hollywood’s Secret Weapon