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The old joke has it that nostalgia isn’t what it used to be. As the unrelenting COVID-19 pandemic rolls on, the future isn’t what it used to be, either. What used to be a simple idea now comes freighted with caveats, assumptions, and speculations.
The auto industry is one of the world’s largest and has been devastated by the pandemic: sales may drop by 20 to 30 percent in 2020, and we estimate that profits will fall by $100 billion. But automakers can respond. One example: software-subscription services, which enable people to pay for programs that unlock features from heated seating to full self-driving capabilities, allow dealerships to develop a better relationship with consumers while offering drivers additional flexibility and customization.
The US restaurant industry has given many iconic brands to the rest of the world. But today, the sector is in trouble. Companies are devising innovative solutions. Takeout and delivery are here to stay, and restaurants are working to make those experiences better. Menus also need a rethink. People don’t order sides, appetizers, and desserts as frequently when they’re ordering for delivery—but as leaders know, those items are often the difference between profit and loss.
For banks, the pandemic has changed everything. Risk-management teams are running hard to catch up with cascades of credit risk, among other challenges. Down the line, we expect that automated underwriting will take hold for retail and small-business customers and will both reduce losses and save costs.
Insurance new, pandemic-oriented products and digital capabilities—not least the ability to reach millions of customers within a few months—mean that a programmatic approach to M&A is the surest strategy to overcome the industry’s structural weaknesses.
Public–private partnerships are working well and have the potential to influence the future of healthcare.
Finally, fundamental questions are being asked about US higher education, as colleges fashion their pandemic response.
Executives everywhere are thinking through the contours of the next normal by implementing new perspectives, and insights on the management issues that matter most, from leading through the COVID-19 crisis to managing risk and digitizing operations to deal with the impact of an invisible threat.
We welcome hearing your opinions through our forum.
Groundbreaking news in digitalization ERA we live?
Apple plans to launch a service that will allow users to repay Apple Pay purchases in installments, according to Bloomberg. I read this yesterday to a blog I have access to.
Apple will use Goldman Sachs, with which it has been working with Apple Card since 2019, as a creditor, said Bloomberg, citing people with knowledge of the subject.
The service, known internally as Apple Pay Later, will compete with Affirm and PayPal's "buy now, pay later" services.
Shares of Affirm fell about 9% to $ 59 after the news, while PayPal is also trading lower.
The new service is not connected to the Apple Card and does not require its use, Bloomberg reported.
This "Buy now, pay later" service means a lot about the way our consumer habits will change.
Buying now, paying later has an element of convenience and is designed for more carefree clients who can't wait to get goods in their hands. On the other hand, if you don't spend responsibly it is a double-edged sword as expenses accumulate exponentially.
So the choice is yours.
Given what happened in 2020 with COVID and all the debts, bankruptcy, and mess it left behind... I feel like this could be one of the worst times to open a business. At the same time, it could be one of the best. I believe it really depends on the kind of business you want to open.
What sorts of businesses do you think are bad ideas in 2021? The obvious one to me would be opening a restaurant but there has to be others that aren't good right now to be starting.
The two years of the pandemic crisis have undoubtedly favored the popularity of streaming, Netflix in general and in particular. In those two years, the company has seen its subscriptions skyrocket to unbelievable numbers worldwide and that's why the slap in the face now with the loss of hundreds of thousands of subscribers is so much so.
Netflix lost a large number of subscribers in the first quarter of 2022, marking its first huge "loss" in a decade; its first negative number since 2011. According to a recently released quarterly report, the company's customer base fell by 200,000 subscribers in January-March 2022, despite forecasts that it would gain 2.5 million subscribers over that period.
The loss of subscribers resulted in the price of shares of Netflix Inc. to fall 25% in the stock market resulting in the loss of about $ 40 billion of the company's capital value.
"Our revenue growth has slowed significantly," the company said in a letter to shareholders, attributing the loss to the following factors:
1. In sharing codes. In particular, more than 100 million households around the world share their passwords.
2. In the great competition of recent years from newly established streaming platforms, such as Apple Tv and Disney
3. In the war in Ukraine, high inflation and accuracy.
4. In the price increase of subscriptions that took place last January.
Note that with this increase the platform lost 600,000 subscribers who decided to leave it. On the other hand, the withdrawal of the company from Russia led to the loss of 700,000 subscribers. In other words, a total of 1.3 million subscribers. As Netflix attracted 1.1 million new users in the first quarter of 2022, we ended up with a "loss" of 200,000 subscribers. But what does the most popular streaming platform plan for the near future, in order to increase its subscribers and especially its profits?
Netflix with a lower subscription, but with ads
According to Netflix co-CEO Reed Hastings, the company is exploring the launch of a cheaper version that will be supported by ads.
"Those who follow Netflix know that I am against the complexity of ads and in favor of simplification so that the user can enjoy the content seamlessly," he told The Wrap.
"But as much as I'm a fan of it, I're more supportive of the customer's choice. "We are quite open to offering lower prices with advertising as a consumer choice."
wants to become a Millionaire and we were all tempted to watch it even for a few minutes.
It was not so much the questions that made us get stuck in front of the screen, but all those vague hopes that we build every time about how we will manage to make so much money and, most importantly, what we will do with it.
But the prize of the video game reaches 100,000 euros, so we have to find another way to become millionaires.
But before we roll up our sleeves and start throwing ideas for our next business ventures, it's a good idea to read the data of a new survey that outlines the characteristics of people who have made a lot of money in their lives. What are their common characteristics and what advice should we follow if we want to become like them?
The 5 elements of your personality that can make you a millionaire
The study was conducted by researchers from the German Institute for Economic Research (DIW Berlin) and the University of Münster, who looked for millionaires from various business sectors and gave them some very rigorous personality tests.
Their purpose was to understand the elements of their character and personality that most often appeared among this closed club of people. Specifically, it is estimated that tests were performed on more than 1,000 millionaires and their results are impressive.
According to the survey, most millionaires have these five common traits in their personality: they are more risk-averse, open, extroverted, conscientious and, at the same time, less neurotic than the general population. However, it turned out that there is a difference between the behavior of those who are born rich and those who succeeded on their own.
In the latter case the characteristics are even more pronounced: the resistance to danger is even greater, as well as extroversion and conscientiousness. The researchers also observed that these characteristics apply to self-made people who achieve their professional goals and live a comfortable life, without necessarily being rich.
Why this research is important
"This is the first study to describe the personalities of millionaires using accurate data," said Mitja Back, a psychology professor at the University of Münster and one of the study's authors.
"Given that rich people have a special influence on the decision-making processes of our society and because the personality of each of us influences the collective thinking and behavior, exploring the characters of millionaires is of great social importance," he concluded, noting that in the near future conduct a similar research on the personalities of the powerful people of the world.
Share your tips, especially for those who have just started their professional life and find it difficult to manage both things.
2.Ecommerce: selling goods online
3.Social media influencer
4.Writer & blogger
Which online business are you interested in and how's it going?
Stop thinking that you are not a good writer. Start believing in yourself and work to improve your skills.
Stop avoiding risks and write on the topics you never have written before. This will give you confidence and new knowledge as well.
Stop writing for low price. Value your work and time. If you don't value it, your prospects won't value it too. Start with reasonable prices, then increase it based on your experience and expertise in the field.
Learn new skills including technology use, and create your your social media brand/presence, where you can showcase your expertise to the people who are looking for writing services.
Marketing is very important and powerful to grow and spread awareness about your business. Social media, email marketing, your website/page or brochures are great tools for this purpose.
Offer your services to the clients and get paid for your expertise and knowledge.
You can even implement this knowledge/skill into your own business.
The high income and highly in-demand skills are.
- Digital marketing
- Web design
- Video Editing
- SEO (Search Engine Optimization)
Choose a profitable niche to get more traffic to your blog because more traffic means more money.
Choose the topics that interest your target audience and provide them with the solutions.
Write catchy titles and headlines to grab your audience's attention.
Post your content regularly a minimum of 3-4 posts per week.
If you can't manage to write regularly on your blog then hire good content writers to write for your blog.
Reach out to online publications in your niche and pitch ideas for guest posts. This will help you expand your online presence.
Another way to establish your credibility is by collaborating with other experts in your niche. This will give your content more recognition and help you build an audience.
Optimize your content with good SEO.
Create a business page on different social media platforms to promote and grow your blog.
Monetize your blog in different ways such as by
- Writing sponsored content
- Affiliate marketing
- Ads within your blog
Now, you are ready to earn money through your blog.
What kind of blog do you have or would like to create?
- Project management and planning
- Financial management
- Marketing, sales, and customer service
- Communication and negotiation
- Time management
- Social Skills
- Willing to learn new things even from the failures
- Gives value to the customer
Let’s get started.
- Freelance Writing Business
- Amazon Kindle Publishing
- Home Tutoring
- Sell online courses
- Affiliate Marketing
- Video Editing
- Web Designing
- Food Delivery Service (Cook delicious food, then deliver)
- Pet Grooming
- Day Care
- Cleaning Business
- Event planning
- English language Tuition
- Freelance writing
- Bakery business
- Daycare services
- Tiffin services
- Interior designer
- Fashion designing
- Social media influencer
- Graphic designer
- Fitness trainer
If you are interested in starting your own business, which one would you like to choose?
- Complete knowledge about the real estate work
- Enough money to buy lands or properties
What are your thoughts, what makes a business owner successful in real estate?
Have you ever done stock trading? How was your experience?
Or do you know someone who became rich with stock trading?
Other factors are related to the economy like inflation and the company's news announcement.
What other factors do you think result in the rise and fall of stock prices?
In first place we meet for the first time Elon Musk, who last year finished second and this year managed to topple Jeff Bezos of Amazon (he also owns the Washington Post and Blue Origin, an aerospace company that develops rockets).
The 51-year-old owner of Tesla and SpaceX is No.1 on the list at $251 billion, with his wealth having increased compared to the majority of the list ($190.5 billion last year).
In second place is the name of Bezos with $151 billion ($201 billion last year) and in third place that of Microsoft's Bill Gates (he is also one of the largest owners of agricultural land in the US) with $106 billion ( 134 billion dollars last year).
Larry Ellison, chairman, CTO and co-founder of software giant Oracle with $101 billion ($117.3 billion last year) is fourth and fifth, the "Oracle of Omaha," 92-year-old Warren Buffett of Berkshire Hathaway, among the most successful investors of all time with $97 billion ($102 billion last year).
Here are the American businessmen who complete the final 20 of the Forbes 400 (note that the list was compiled based on their stock prices on September 2, 2022):
Larry Page – $93 billion (Google)
Sergey Brin – $89 billion (Google)
Steve Ballmer – $83 billion (Microsoft)
Michael Bloomberg – $76.8 billion (Bloomberg LP)
Jim Walton – $57.9 billion (Walmart)
Mark Zuckerberg – $57.7 billion (Facebook)
Rob Walton – $56.7 billion (Walmart)
Charles Koch – $56 billion (Koch Industries)
Julia Koch & Family – $56 billion (Koch Industries)
Alice Walton – $55.7 billion (Walmart)
Michael Dell – $50 billion (Dell computers)
Phil Knight & Family – $41.5 billion (Nike)
Mackenzie Scott – $37.7 billion (Amazon)
Jacqueline Mars – $37 billion (Mars Inc.)
John Mars – $37 billion (Mars Inc.)
The layoffs will affect all jobs, across the company and will be done globally, CEO Sundar Pinchai said in an email to employees.
As he writes in it, "I take full responsibility for the decisions that led us here."
With the layoffs, Google joins other tech companies that have drastically cut staff and operations amid a worsening global economy and rising inflation.
Meta, Twitter and Amazon have already reduced their staff. Thanks to the durable part of the search (i.e. searches through Google), the latter had so far managed to avoid cuts. However, it now faces a slowdown in digital advertising while the cloud-computing segment continues to lag behind Amazon and Microsoft.
"These are important times to refocus, redesign our costs, and direct our talent and capital toward our highest priorities," Pichai wrote in the email to employees.
He also stressed that the company has "a substantial opportunity in front of us" in artificial intelligence, a key investment area where Google faces increasing competition.
In Riyadh's sights is Liberty-Media Corp., which is the "owner" of the world's premier motoring championship. Discussions about a possible investment had also taken place in 2022, but did not lead to a happy outcome.
However, the Saudis are still interested in acquiring a stake in Liberty-Media, which is reportedly valued at more than $20 billion (for 100% of the shares).
Saudi Arabia has invested significant sums in sports in recent times, making an "opening" to Western-style forms of entertainment. For example, it has acquired the English football team of Newcastle, while it has hosted great boxing, golf and F1 events.
Many, of course, talk about an attempt to "wash" through sports, that is, an attempt to distract the attention of the international community from the violations of human rights.
Billionaire John Malone bought Liberty Media in 2017 for $4.4 billion, and among his achievements is the "opening" of new markets in Asia, the US and the Middle East.
For 2023, for example, the championship schedule includes four races on the Arabian Peninsula, with Saudi Aramco (S.Arabia's oil company) as F1's 'gold' sponsor from 2020 onwards.
The company faces adverse conditions that "continue to deteriorate" and an "uncertain future," Dell co-CEO Jeff Clarke said in an internal memo to employees, according to the report.
Previous cost-cutting measures, including a suspension of new hires and restrictions on travel, were no longer enough, he explained.
The job cuts are part of a reorganization of departments and offer an opportunity to increase business efficiency, a company spokesperson told Bloomberg.
The company did not immediately respond when Reuters news agency asked for comment on the report.
Many IT and digital services companies, including industry giants such as Amazon, Meta (Facebook, Instagram), Microsoft and Alphabet (Google) have recently announced large-scale layoffs or job cuts following the wave of mass recruitment during the pandemic, when demand for the services they offer increased rapidly. They are taking these measures as their consumer and corporate clients cut spending amid high inflation and rising interest rates.
Layoffs hit a two-year high in January as technology companies in particular appeared to be bracing for a possible U.S. recession, a report released Thursday showed.
In this climate, the Dow Jones industrial average fell by 1.19% or 384 points to 31,861 points. The barometer index S&P 500 lost 1.1% and was formed at 3,916 points, while the technological Nasdaq limited 0.74% to 11,630 points.
Despite today's decline, the S&P 500 is up 1.4% for the week, while the Nasdaq Composite gained 4.4%. However, Friday's slide pulled the Dow Jones into negative territory for the week, down 0.2%.
First Republic stock plunged 32.94% to end the week down 70%. Yesterday's announcement by eleven banks that they would boost it with $30 billion provided support to its stock on Thursday, but the same did not happen today, with the aftershocks also affecting the SPDR Regional Banking index, which lost 6 .6%, to close the week with losses of 14%.
At the same time, the American share of Credit Suisse is also at -7%, with investors still worried about the future of the flagship bank, despite the injection of 50 billion francs from the Swiss National Bank.
US bond yields went on a downward trajectory as the 10-year fell 18 basis points to 3.39% and the 2-year moved lower by 37 basis points to 4.82%.