Day: August 28, 2020

How Small Businesses Adapt To Survive In Times Of Crisis

Retail sales through July season-to-date are flat to last year according to the US Census Bureau. However, the breakdown by category shows a sawtooth of performance across categories. Discount stores and warehouse clubs, grocery stores and home improvement stores have performed well amidst the COVID-19 pandemic with sales increases of 7.4%, 14.7% and 12.7% respectively. However, some segments of the retail industry have suffered greatly and many of these include categories where small businesses operate. Gift card shops and vintage clothing stores along with other miscellaneous stores are down 6.6%, clothing and accessories stores are down 41.5% and sporting goods and hobby stores are down 3.0%. 

Small businesses have unique challenges when crises hit

Small businesses have unique challenges and are constantly concerned with

Read More

Kayleigh McEnany Shares Personal Story: President Trump Called To Check On Me | Video

Press Secretary Kayleigh McEnany shared an emotional personal story at the Republican National Convention.

MCENANY: I’m Kayleigh McEnany. You may know me as a supporter of President Trump, but tonight I’m here to share with you how he supported me both as a new mom and as an American with a pre-existing condition. When I was 21 years old, I got a call that changed my life. It was my doctor informing me that I had tested positive for the BRCA2 genetic mutation, a mutation that put my chances of breast cancer at 84%. It was the same mutation that my mom had compelling her to get a preventative double mastectomy, removing her breast tissue, but protecting her from a disease that has taken far too many of our mothers, our sisters, our friends. In my family, eight women alone were diagnosed with breast cancer, several in their young twenties.

Read More

Sri Lanka- Allianz Lanka Strengthens Life Insurance Business

(MENAFN – Colombo Gazette) Announces Senior Management Appointments

The board of directors of Allianz Life Insurance Lanka Limited announced the appointment of Jayalal Hewawasam as the Chief Executive Officer (CEO) with effect from 20th August 2020. The move is part of Allianz Lanka’s efforts to further strengthen its Life Insurance business to drive market expansion and business growth.

Counting over two decades of experience in strategic leadership and sales management across various sectors, Jayalal holds an MBA from the Postgraduate Institute of Management (PIM) of the University of Sri Jayewardenepura. He is a Fellow Member of the Chartered Insurance Institute, UK (FCII) and a Chartered Insurer. He is also a Fellow Member of the Chartered Institute of Marketing, UK (FCIM) and a Chartered Marketer.

Coming at a crucial juncture, Jayalal will go a long way in strengthening Allianz Life Insurance Lanka Limited’s ongoing efforts to remodel its Agency channel in

Read More

How Apple’s Stock Split Will Affect the Dow Jones Industrial Average

Apple (NASDAQ: AAPL) announced a 4-for-1 stock split when it reported fiscal third-quarter results last month, the first such corporate action since the last split (7-for-1) occurred back in June 2014. While stock splits are generally meaningless in terms of fundamentals due to the way that math works, the move will actually have a significant impact on the Dow Jones Industrial Average (DJINDICES: ^DJI).

Here’s why.

Exterior of Apple Store in Bangkok, Thailand at night

Image source: Apple.

No longer No. 1

For starters, you have to recall that the Dow is unique among all major benchmarks: The index is price-weighted instead of market-cap-weighted. Individual stock prices are fairly arbitrary, especially relative to a company’s overall valuation, again thanks to math. The S&P 500 and Nasdaq Composite are both market-cap-weighted, so companies with larger market caps have a greater influence over the index’s daily fluctuations.

Japan’s Nikkei 225 is another example of a price-weighted index. Incidentally, there was

Read More