New York’s independently owned shops took part in “Small Business Saturday” on November 30, 2019. This annual event, on the Saturday after Thanksgiving, was created to give level the competitive holiday retail field for small businesses. This year marks the 10th anniversary of “Shop Small” and thousands of Manhattan businesses offered sales and discounts throughout… Continue Reading
The French luxury group LVMH has bought the Tiffany & Co jewelry company for $16.2 billion. LVMH is the world’s biggest luxury group and has 75 different brands, including Louis Vuitton, Christian Dior and Bulgari. For LVMH, Tiffany — which faced financial and public image struggles recently — is a sensible transformational project. Tiffany will… Continue Reading
On the weekend of November 7-10, New York City was busy with the inaugural BlockchainWeekend NYC 2019. In partnership with the New York City Economic Development Corporation (NYCEDC), BlockchainWeekend highlighted projects from a variety of NY based companies, startups, and entrepreneurs. More than 50 events took place across all five boroughs, creating a networked platform for decentralized… Continue Reading
The Starbucks coffee chain has announced plans to open the first Starbucks Pickup point in Penn Station. This coffee shop is being designed as a streamlined store experience for customers who order and pay with the Starbucks app. The process of ordering involves downloading the app, selecting Pickup-Penn Station as the location, and placing an order.… Continue Reading
The City of Scottsdale was recognized as the Global Business City of the Year at the 2019 Global Chamber “Grow Globally Fair.” Now in its 12th year, The Fair was founded to acknowledge and applaud businesses that are leading, exceling, and pushing the boundaries in international business. The Global Chamber is networked in 195 countries and more… Continue Reading
The merger of the Siebert Cisneros Shank & Co. and the Williams Capital Group investment banks are merging to form Wall Street’s largest woman- and minority-owned firm. The new entity will be led by Chief Executive Suzanne Shank, who is describing the move as a merger of equals. Shank is the only African-American woman to run a… Continue Reading
Big companies are picking seasoned veterans for the most senior financial positions as they face challenges related to changing technologies, shifting consumer tastes, and economic outlooks. Corporate recruiters say the average age of CFOs has increased significantly this year: Finance chiefs at Fortune 500 and S&P 500 companies averaged 52.8 years in 2019. That’s five… Continue Reading
Woodline Partners has just started trading. For 2019 to date, it is the largest hedge fund startup. Debuting with $2billion in investor commitments, it is headed by Michael Rockefeller and Karl Kroeker, both former traders of Citadel. Ilana Weinstein, founder and CEO of IDW Group said that this amount is very “significant” for a startup… Continue Reading
A hike of 50.7% was encountered in Night Owl Capital Management LLC’s SPDR S&P 500 ETF Trust for Q3 2018. This bolstered its company stock earnings to 1,468 shares following its 494 share acquisition. Its recent filing with the SEC showed its SPDR S&P 500 ETF Trust being valued at $427,000. A decrease in stake… Continue Reading
In 2013, a group of accomplished finance-industry executives joined together to create STS Capital Partners. An M&A advisor, today the investment banking firm also counsels clients on divestitures and project financing, within a wide range of industries including: construction, manufacturing and distribution, pharmaceuticals, real estate and tourism. But it’s not just business with the firm. … Continue Reading